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Monday, July 14, 2014

IM Cartel - An Intriguing New Opportunity to Profit from Kindle Publishing


I wanted to give you a heads-up today about an intriguing new initiative called IM Cartel that is currently generating a lot of buzz in online marketing circles.

IM Cartel comes from UK-based entrepreneur and Kindle publisher Ben Shaffer. Ben is building a group or "Cartel" of people who will finance the production of four Kindle e-books per week, and share the income from Amazon royalties (and back-end sales).

The entire work of commissioning authors, publishing books and promoting them will be handled by Ben and his team. IM Cartel members are welcome to lend their support as well, and of course it will be in their interests to do so. It's definitely not compulsory, though.

Royalties will be paid to Cartel members every month, with a proportion held back for reinvestment in more books. In theory, each Cartel group could have an inventory of around 200 books by the end of the first year, 400 by the end of the second, and 1000 by the end of five years. IM Cartel members will be able to have a say on the actual titles published via a Facebook group to which they will belong.

The price of a place in IM Cartel is $997 (around 580 UKP). This is a one-off fee for lifetime membership, but even so for that sort of money it's clearly not going to be for everyone.

I am seriously considering getting involved, however, and if you can raise this sort of cash without causing yourself to be financially embarrassed, I recommend that you consider it too. I don't pretend to know Ben well, but he has been around in Kindle and internet marketing circles for a number of years and is generally well regarded. I can see no reason in theory why his plan couldn't work.

Clearly, for this sort of money you will want to do some "due diligence" before getting involved, but at the very least it's worth checking out Ben's sales page for the full scoop. If you're looking to create a hands-off extra income stream for yourself with the potential to grow steadily month by month, it has to be worth a look.

Finally, I'm not kidding when I say that this launch has generated a lot of interest, so if it appeals to you, don't leave it too long before you take action. Ben says he will be closing the offer in around 36 hours to keep the numbers within reasonable bounds, and I've no reason to believe he won't stick to that. Whether it will reopen again some time in future (possibly at a higher price) I simply can't say.

If this isn't something that interests you, of course, that's fine as well. It looks promising to me, but obviously there is a degree of risk involved, so don't put in any money unless you are comfortable with that. Read the information carefully, and make your own mind up whether it makes sense for you to participate or not.

Click here for information on Rob Shaffer's IM Cartel.

UPDATE - 1 OCTOBER 2014

A bit more information about IM Cartel. First, I had a very interesting comment on this post by a Belgian entrepreneur named Waquokka. She joined IM Cartel a couple of months ago and has set up a blog detailing her experiences with it.

It's an honest account of how her cartel (there are now several) has been faring, and there is some good news and some not-so-good. Overall, though, she still recommends the program, especially with Christmas coming, which should give all Amazon sellers a big boost. You can read all her posts about IM Cartel including the latest here.

Second, I wanted to let you know that IM Cartel has been reopened for a very limited time. You can follow this link to see if any places are still available. If not, you may be able to put your name down on a waiting list.

As for me, due to losing a couple of regular clients I decided not to join IM Cartel originally, but I am actively considering making an investment now.

Photo Credit: Adapted by the author from a photo by Mike McCune on Flickr. Published under a Creative Commons licence.


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3 Comments:

Blogger waquokka said...

Hey Nick, did you end up buying a spot? If not, there are still 24 hours left as Ben reopened for about a week.

I bought a spot first time around and am happy with how things are developing so far (you can read my 2 month review at my Under $1000 Investments blog if you're interested).

8:51 AM  
Blogger Nick said...

Thanks for your comment. I must admit I didn't go for this in the end. I lost a couple of regular clients in quick succession, and decided I shouldn't really be splashing this amount of cash at the present time.

I enjoyed reading your in-depth reviews of IM Cartel, which I thought were fair and honest. It's good that you highlight the shortcomings of the program as well as its undoubted potential. I would encourage anyone interested in this opportunity to check out your blog, and will add a link to it from my main post (links from comments don't work so well in Blogger).

I will also reconsider whether to take advantage of this opportunity myself, based on your experiences.

Good luck!

Nick

9:32 AM  
Blogger waquokka said...

Thanks Nick! I completely agree with you that you shouldn't invest money you might need in the short term due to some unforeseen business changes.


10:03 AM  

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