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Are you an ambitious online entrepreneur or a physical goods seller who wants to expand your business on the internet?
Do you have a 9-5 job and want to supplement your income but don’t have the time to conduct extensive market research?
We’ll look at Rasmus Mikkelsen‘s business approach for his self-publishing company, Audiobook Income Academy, in this post.
DISCLAIMER: This Rasmus Mikkelsen review is based on information and testimonials that are freely available online to the general public.
Any judgments reached by me are purely subjective.
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- 1 Rasmus Mikkelsen: Overview
- 2 Who Is Rasmus Mikkelsen?
- 3 Pros
- 4 Cons
- 5 What Is Audiobook Income Academy?
- 6 Is Rasmus Mikkelsen’s Audiobook Income Academy A Scam?
- 7 Final Thoughts: Conclusion
- 8 MY #Top Recommendation : Make Passive Income Online
- 9 However, how much money can you make with Wealthy Affiliate?
- 10 Where to Join Wealthy Affiliate?
Rasmus Mikkelsen: Overview
Rasmus Mikkelsen, like the majority of Amazon Publishing experts, wants you to think that in less than 90 days, you can develop and maintain a lucrative, automated, and cash-generating e-commerce business…
With only a few hundred dollars in inventory, you can get started…
Isn’t this almost too wonderful to be true?
You couldn’t do much worse than Amazon Publishing when it comes to most internet enterprises.
Does this, however, imply that it is the best option for you?
In this Rasmus Mikkelsen review, we’ll learn more about it.
- Product Selection
- Inventory Management
- Now is the time to profit.
While Amazon Publishing might make you a lot of money, it’s not as straightforward as most course developers make it out to be. Let’s take a quick look at these three:
Here are the most important topics to think about:
Inventory Management: If you own a publishing company, Amazon promises that you won’t have to worry about inventory since they’ll handle packaging, shipping, customer support, and so on.
You must, however, get things to Amazon. And when it comes to prepping things for their warehouses, Amazon has very tight guidelines that all vendors must adhere to.
Packaging, labeling, and registering items in their system are all part of this process. If you’re making all of the items yourself, this process will take a long time (potentially 4-5 hours a day). If you’re looking for a passive, automated business that runs itself, this isn’t the ideal option.
Yes, you can engage an Amazon prep center to perform all of this for you, but it will eat into your profit margins.
And keep in mind that Amazon charges roughly 30-40% in fees for using the Publishing program, so your revenues are already slim.
Product Selection: Audiobook publishing is a cyclical business. “Hot” things come and go, so as an Amazon seller, you must always be on the lookout for the next great thing.
That involves keeping an eye on trends, looking for things that could become popular in the future, and being continually in a rat race to – in essence – foresee the future.
Sure, you can participate in the evergreen market (items that people constantly need and buy), but how much profit margin can you expect from meal prep containers, rubber spatulas, and golf umbrellas? Especially when there are tens of thousands of other dealers in the same sea.
And because you’re continuously looking for new trendy goods to sell, you’re wasting important time that you could be spending traveling, exploring, reading, surfing, hiking, or doing anything else.
Time To Profit: While this isn’t the slowest turnaround time, if you believe you can put a $1 into inventory today and get two dollars out the next day, you’re severely incorrect. From the moment you initially purchase things to sell, it might take anywhere from 4 to 12 weeks before you see a dollar return.
And it may take twice as long to break even.
That’s not bad, but what if you could start establishing a separate (non-Amazon) revenue stream today and saw your first profits the next day?
Who Is Rasmus Mikkelsen?
Rasmus Mikkelsen is Christian Mikkelsen’s twin brother, who is a pioneer in the Amazon book and audiobook publishing field, having received over 150 publications.
He co-founded Publishing Life and Audiobook Income Academy.
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- When you put in the effort, you may earn millions over time.
- Through leverage, it can eventually become a passive revenue source.
- Surprisingly, the audiobook market has not yet reached saturation.
- You must put in time and, of course, you will not make a lot of money right immediately. Shiny object syndrome is a no-no.
- Before Amazon, there isn’t much information regarding his early work or experience.
- For $1,995, Mikkelsen’s Audiobook Income Academy is a little costly for me.
What Is Audiobook Income Academy?
The twins began making YouTube videos about book publishing, which led to a demand for a course. Then came the creation of Audiobook Income Academy.
As a result, Rasmus and his brother developed their online course, which was quickly purchased by a large number of people who wanted to learn how to self-publish an audiobook.
Is Rasmus Mikkelsen’s Audiobook Income Academy A Scam?
Is Rasmus Mikkelsen a scam? Technically, no. This software can help you generate money, but it’s not as simple as he makes it seem.
There’s a lot of effort to be done up front, no assurance of success, and – most crucially – a lot of volume to make any meaningful money.
There’s nothing wrong with getting the task done first and making the money later.
However, if you work hard for three months and then get a 15% profit on a $12 product (which works out to $1.80), it’s not really worth it.
Read also about: Dave Sharpe’s Legendary Marketer Review (2022)
Final Thoughts: Conclusion
I became intrigued in what they are doing since it isn’t only for someone who is good at writing an ebook or an audiobook; instead, he suggests using other people’s abilities to generate a passive income stream.
You have the option of doing the usual method or opting for audiobooks, which will earn you more money.
MY #Top Recommendation : Make Passive Income Online
If you enjoy reading books, you must be willing to learn and develop in your job.
The world has changed dramatically in recent years as a result of the Internet. Making money online has grown lot easier in recent years.
To expand your wealth quickly, nothing beats creating a digital asset that creates income flow for you while you sleep.
In other words, it is quite feasible to create passive income instead of working a 9-to-5 job and live a financially free lifestyle.
“If you don’t figure out how to generate money while you sleep, you’ll labor until you die,” Warren Buffet stated.
If you want to create a consistent and reliable stream of passive income, I recommend starting an affiliate marketing business.
Affiliate marketing is ideal for those who are fresh to the world of internet business.
Affiliate marketing has proven to be the simplest and most rewarding internet business approach I’ve utilized thus far.
You can really conduct affiliate marketing nearly for free while earning a consistent and long-term passive income to help pay your bills.
There is no need for start-up money, and it may even be done as a side business.
And if you truly want to master affiliate marketing and develop a business from the ground up, I’d recommend starting with the most respected affiliate marketing platform: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for starting your own affiliate marketing business.
It provides you with a free account (including a free website) as well as complete SEO (free traffic tactics) training, allowing you to get started with affiliate marketing right away without spending a dime.
However, how much money can you make with Wealthy Affiliate?
A 21-year-old Wealthy Affiliate student earned $7,395 in only one week, which equates to more than $1,000 a day…all while employing free traffic sources.
Wealthy Affiliate has been around for 15 years, and there have been numerous success stories throughout the last decade.
Here are some more inspiring success stories from Wealthy Affiliate members to offer you some ideas.
Where to Join Wealthy Affiliate?
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