How To Get Paid On Amazon KDP In Nigeria

Introduction.

As an author or publisher based in Nigeria, you can earn money by self-publishing and selling your books on Amazon KDP (Kindle Direct Publishing).

Amazon KDP is a platform that allows you to publish and distribute your ebooks and paperbacks to millions of readers worldwide.

However, as a Nigerian author, getting paid on Amazon KDP may seem like a daunting task, especially given the restrictions on receiving payments from foreign countries.

This article will guide you through the steps you need to take to receive payments from Amazon KDP as a Nigerian author.

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What is Amazon KDP?

Amazon KDP stands for Kindle Direct Publishing, which is Amazon’s self-publishing platform for authors to publish their books as e-books and paperbacks.

It allows authors to upload their manuscripts and cover designs easily, set their prices, and earn royalties on the sales of their books.

With KDP, authors have control over the publishing process, including the ability to make updates and changes to their books as needed.

Amazon KDP has made it easier than ever for authors to reach a wide audience and potentially become successful independent publishers.

It has also made it easier for readers to discover new authors and books that might not have been available through traditional publishing channels.

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Why Should I Join Amazon KDP?

Publishing on Amazon Kindle has become increasingly popular in recent years, with more and more authors choosing to self-publish their books on the platform.

If you’re considering publishing your work on Kindle, here are some reasons why it could be a great choice for you.

1. Wide audience reach.

With millions of readers around the world, Amazon Kindle provides a huge audience reach for your book.

This means that your work can potentially reach readers in different countries, expanding your reach and increasing your chances of success.

2. Easy-to-use platform.

Amazon Kindle offers a user-friendly platform for self-publishing, making it easy for authors to get their work published.

The platform guides you through the process of uploading your book, formatting it correctly, and setting the price. Once your book is published, readers can purchase it directly from Amazon.

3. High royalties.

Amazon Kindle offers high royalties to authors, with rates of up to 70% for books priced between $2.99 and $9.99.

This means that you can earn a significant amount of money from your book sales, especially if you have a large following or a popular niche.

4. Control over your work.

When you publish on Amazon Kindle, you retain complete control over your work. You can set your price, choose the cover design, and make changes to your book at any time.

This level of control is important for many authors who want to maintain creative control over their work.

5. Quick publication process.

Compared to traditional publishing, publishing on Amazon Kindle is a quick and efficient process. Once you have finished your book and uploaded it to the platform, it can be published within 24 to 48 hours.

This means that you can get your work out to readers quickly, without having to wait for a lengthy publishing process.

6. Access to marketing tools.

Amazon Kindle offers a range of marketing tools that can help you promote your book and reach more readers.

These tools include advertising options, book promotion services, and access to Amazon’s recommendation algorithms. With these tools, you can increase your visibility and reach a wider audience.

7. No need for physical inventory.

Unlike traditional publishing, publishing on Amazon Kindle doesn’t require you to produce physical copies of your book. This means that you don’t have to worry about printing costs, storage space, or shipping logistics.

Instead, your book is available for readers to download instantly, which is more convenient for them and more cost-effective for you.

8. Reader engagement.

Amazon Kindle offers a unique opportunity for authors to engage with their readers through reviews, comments, and feedback. This feedback can help you improve your writing and better understand your readers’ preferences.

Additionally, Amazon’s recommendation algorithms can help connect your book to readers who are likely to enjoy it, which can lead to increased engagement and sales.

9. Increased credibility.

Publishing on Amazon Kindle can also help increase your credibility as an author. With a published book available on a popular platform, you can demonstrate your writing skills and build a following of loyal readers.

This can help you establish yourself as an authority in your niche, which can lead to other opportunities such as speaking engagements or collaborations with other authors.

10. Flexibility.

Lastly, publishing on Amazon Kindle offers a level of flexibility that traditional publishing does not. You can choose to publish as many or as few books as you like, on your schedule and terms.

This allows you to focus on writing what you are passionate about, without having to adhere to the constraints of traditional publishing contracts.

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How do I Get Paid On Amazon KDP In Nigeria?

Publishing books on Amazon Kindle Direct Publishing (KDP) is a fantastic opportunity for authors worldwide, including those in Nigeria.

However, navigating the payment process can be a bit daunting, especially given the unique financial landscape in Nigeria.

In this article, I’ll walk you through the steps to ensure you get paid seamlessly on Amazon KDP in Nigeria.

1. Setting Up Your Amazon KDP Account.

First, if you haven’t already, you’ll need to create an Amazon KDP account. This involves providing your basic personal information, tax details, and banking information. Here’s a step-by-step guide:

Sign Up: Visit the Amazon KDP website and sign up with your Amazon account. If you don’t have one, create a new account.
Complete Your Profile: Fill in your personal information accurately. This includes your name, address, and contact details.
Tax Information: For Nigerian authors, completing the tax interview is crucial. Select the option that best describes your tax situation. Most Nigerian authors will select “Individual” and “Non-U.S. Person”.
Banking Information: Here’s where it gets a bit tricky for Nigerians. Amazon requires you to provide bank details for receiving payments. Since direct deposits to Nigerian banks aren’t supported, alternative methods like using a Payoneer account can help.

2. Setting Up a Payoneer Account.

Payoneer is a global financial services company that provides online money transfer and digital payment services.

It’s an excellent option for Nigerian authors to receive payments from Amazon KDP.

Sign Up for Payoneer: Go to the Payoneer website and sign up for an account. Provide all necessary details and verify your identity.
Link Payoneer to Amazon KDP: Once your Payoneer account is set up, you’ll get a U.S. bank account number and routing number. Enter these details in your Amazon KDP account under the “Banking” section.
Receive Payments: Amazon will now transfer your earnings to your Payoneer account, which you can then withdraw to your local Nigerian bank account.

3. Try Other Third-Party Payment Platform.

While KDP doesn’t directly connect with Nigerian banks, third-party services can bridge the gap. Here is one I recommend you try:

Grey: Grey provides similar functionality to Payoneer. It boasts faster transfer times and potentially lower fees, making it a strong contender. Do your research to see which service best suits your needs.

4. Publishing Your Book.

Now that your account is set up and ready to receive payments, the next step is to publish your book. Here’s how to do it:

Prepare Your Manuscript: Ensure your manuscript is formatted correctly. Amazon provides specific guidelines for different formats (e.g., Kindle, paperback).
Cover Design: Design an eye-catching cover. Amazon offers a Cover Creator tool if you don’t have design skills.
Upload and Publish: Upload your manuscript and cover to the KDP platform. Fill in the book details such as title, author name, and description. Choose your keywords and categories carefully to optimize discoverability.
Pricing: Set your book’s price. Amazon offers a 35% or 70% royalty option depending on your book’s price range and distribution channels.

5. Understanding Royalties and Payments.

Amazon KDP pays royalties every month, approximately 60 days after the end of the month in which the sale was made.

For instance, if you earn royalties in January, you’ll receive payment by the end of March.

Royalty Options: Amazon offers two royalty plans — 35% and 70%. The 70% royalty is available for eBooks priced between $2.99 and $9.99, provided they meet certain conditions. The 35% royalty applies to all other price ranges and some specific international sales.
Payment Threshold: Ensure you meet the minimum payment threshold of $100 for wire transfers. For Payoneer, the threshold may be lower, making it a more flexible option for frequent payments.

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Conclusion.

So, that’s it! You’ve navigated the setup process and are now ready to receive those hard-earned royalties from your KDP book.

Start by creating and verifying your KDP account, ensuring your personal and payment details are accurate and up-to-date.

Opt for the Payoneer account as your payment method to efficiently receive your royalties in Nigeria.

Keep in mind that consistently monitoring your book’s performance and updating your payment settings when necessary can save you from potential issues down the line.

For more detailed information, you can always check Amazon’s official guidelines and Payoneer’s support pages.

These resources will provide you with the latest updates and specific instructions tailored to your needs.

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Conclusion.

In summary, getting paid on Amazon KDP as a Nigerian author requires you to create an Amazon KDP account, set up your payment and tax information, verify your identity, and comply with withholding tax regulations.

With a bit of patience and diligence, you can start earning money from your self-published books on Amazon KDP and reach a global audience of readers.

Hey there, dear reader! We hope you’re enjoying the content on our blog. Did you know we have a treasure trove of other insightful articles waiting for you?

Check out the links to the article below to become more productive and scale your Amazon KDP Business.