Is K Money Mastery a Scam? (Sell eBooks when you SUCK at Writing)
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Is K Money Mastery a Scam? (Sell eBooks when you SUCK at Writing)

How would you feel if you could earn $10K, $30K or even $50K per month by selling Kindle eBooks on Amazon? Pretty awesome, right?

Well, it seems like there are people achieving this kind of results from this program called K Money Mastery. So, I guess it's time for me to do a review on this program and see if it's really possible for YOU to get this result in 2018 and beyond.

Or...is K Money Mastery a scam? Outdated? Let's take look...

K Money Mastery Review Summary

Product Name: Kindle Money Mastery 2.0 (Click here to join)

Founder: Stefan James Pylarinos

Product Type: Kindle Money Making Course

Price: $97 + Upsells

Best For: Kindle Publishing Beginners

K Money Mastery 2.0

Summary: K Money Mastery is a very good course with lots of useful details for beginners to make passive income by selling Kindle eBooks on Amazon. However, I highly doubt that it will be an evergreen program. Keep reading to find out why.

Rating: 85/100

Recommended: Yes

(However, K Money Mastery is not my top recommended program to make money online. Read on if you want to find out why. Meanwhile, THIS is my favorite program to make real money online!)

More...

What is K Money Mstery?

K Money Mastery (aka Kindle Money Mastery) is a membership website with a step-by-step course on how to make money online by selling Kindle eBooks on Amazon. (through a way called "Kindle Direct Publishing".) 

The course promises you that you can make a consistent passive income even if you're not a writer or even worse, you're horrible at writing.

k money mastery 2.0 course materials

The main concept is that you're going to outsource a lot of the hectic works such as eBook writing and cover design. Your main job is to learn the "marketing" and the "strategy" part.

For example, you need to learn how to effectively outsource content creation and how to get your eBooks rank high on Amazon, etc...

So far, this may sound confusing but Stefan claims that you can make 6 figure passive income with Kindle Publishing on Autopilot. Not only that, you can start applying the "profit-inducing" system in just 5 minutes from joining his program.

KMM 5 minutes claim

Let's dig deeper and see if all these claims are legit...

About the Founder: Stefan

The founder of K Money Mastery is Stefan James Pylarinos. You may better know him as a blogger at Project Life Mastery and an YouTuber at his Project Life Mastery Channel.

In fact, I am a follower of his channel even before I came across KMM. He constantly delivers high quality content and knowledge through the videos on his channel.

Besides Kindle Publishing, he has achieved massive success in various fields and he is an influencer with a huge following.

stefan james

Stefan James Pylarinos

project life mastery youtube channel

Project Life Mastery YouTube Channel

I admire him a lot and from all the values he delivers to his audience, I can see that he is very authentic and passionate at helping people.

So far so good. The founder of KMM is pretty awesome!

At the point of writing this review, I even received a notification from Project Life Mastery about Stefan's new video on "How Kindness will change your life and the world". Pretty interesting, right?

project life mastery notification

Project Life Mastery notification

4 figure monthly passive income
Jerry Huang, Founder of Smart Affiliate Success

I'm Jerry!

I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!

K Money Mastery Upsells

Upsells are one of the main concerns people have. So, let's first take a look at what are the upsells waiting for you ahead in this program.

k money mastery upsells

K Money Mastery Upsell Funnel

Upsell #1: Full Disclosure Membership ($47/month)

With this membership, you'll gain access to Stefan's monthly video updates as well as a private Facebook Group where you can connect with other Kindle Publishers and ask questions.

There are also more advanced training videos available for people who are very serious at this business and want to achieve success at the faster speed.

k money mastery full disclosure membership card

As for the regular membership ($97 one-time fee), there's no community or any forum for you to ask questions and get help when you need it. And that's the main downside of K Money Mastery.

There's no urgency in getting this upsell because you can purchase this Full Disclosure Membership anytime. Once you're more experienced at Kindle Publishing, you can then consider buying this upsell to take your business to the next level.

Upsell #2: Kindle Virtual Assistant Training  Program ($197 one-time fee)

This program focuses on helping people to learn the skills and knowledge needed to hire and work with virtual assistants

Like Tim Ferris had said in The 4-Hour Workweek, if you want to automate and scale your business, it's important to work with a good Virtual Assistant.

So this program definitely has its value but whether it's worth $197, I don't really think so. There are a lot of good resources out there to help you on this for FREE.

So this upsell is up to you to decide.

Upsell #3: 24 Hour Book Program ($17 one-time fee)

https://en.wikipedia.org/wiki/Amazon_Kindle​​​This program will teach you how to write a book in 24 hours. So it's basically for people who want to write their own eBooks instead of outsourcing it and let other people to write it for you.

If you're good at writing and want to write the book yourself, this program is very suitable for you and it's really inexpensive as well.

How to Make Money with K Money Mastery?

Now comes to the real meat of this review. How do you actually make money with K Money Mastery?

Here are the general steps behind making money from Amazon Kindle Publishing:

  1. Select a Profitable Niche
  2. Niche & Keyword Research
  3. Create your eBook content, title and cover (you can outsource all these)
  4. Publish Your book on Kindle
  5. Promote & Market your book
  6. Rinse & Repeat the Process (Create more eBooks to sell)
  7. Scale up your Kindle Publishing business

This is the rough outline and steps you need to take in this business. There are definitely a lot more details which Stefan will cover in his course.

Take a look at the 21 lesson overviews in his KMM course:

K Money Mastery Lesson Overview

K Money Mastery Lesson Overview

Pros & Cons

The Good

  • Excellent Course: Stefan's course is very detailed and step-by-step. It's also very beginner-friendly. People with absolutely no prior experience in Kindle Publishing (like myself) can easily understand the steps and execute them properly. Overall, it's just a very comprehensive course at an affordable price.
  • 30-Day Unconditional Money-Back Guarantee: Not only the price is reasonable, it also comes with a 30-day unconditional money-back guarantee. So I feel KMM is a very good program that you can invest in if you're interested in Kindle Publishing. There's no risk involved since you're covered with this 30-day guarantee.

The Bad

  • Poor Support: Like I've mentioned earlier, the regular KMM membership does not come with proper support. You only have access to their FAQ page and their support Email should you have any issues. Private Facebook Group is only offered in Full Disclosure Membership.
  • Little Help on Writing itself: KMM focuses on teaching people how to outsource product (eBook) creation instead of writing the book yourself. So if you're interested in writing your own eBook, you need to purchase their upsell on "24 Hour Book Program which costs a $17 one-time fee.

Important Things to Take Note!

1. A Lot of Hard Works are Involved

Just like any other sales page, Stefan has made earning money from Kindle Publishing sounds very easy and all you have to do is to purchase his course.

However, just to remind you that this is still a business. Although you can outsource a lot of things at the start, you still need to put in a lot of effort in promoting your eBook and pushing up its ranking in Amazon.

All these still requires time and effort. This is not a program where you can make some fast cash or get rich quick. It has its potential like Stefan has demonstrated, but hard works are still involved.

2. Content Quality is Important

Stefan recommends to use a platform called Fiverr.com for outsourcing. You can easily get a professionally designed eBook cover at $5 from Fiverr. That's great!

However, outsourcing eBook content creation is the more difficult part. There are a lot of writers out there and we must admit that not all of them legit and really good at writing.

So, if your main focus is to look for cheap opportunities to outsource your eBook, you'll probably end up with a really lousy eBook.

No matter how good you are at promoting your eBook, if the content is lousy, you won't make a lot of money from it and you'll start receiving a lot of negative reviews that will hurt your eBook ranking on Amazon.

If you are serious in this business, you should put a decent focus on the eBook content because it's a crucial determining factor of the success of this eBook.

Another downside of this is that you probably need to spend up to a few hundred bucks to get a better writer. So you have to consider this into your budget as well before investing in KMM.

3. Declining Kindle Trend

This is a very important thing you need to consider.

Amazon Kindle was first launched in 2007 and it gains the highest popularity in 2011. However, the popularity of Amazon Kindle has been declining after that.

Take a look at Kindle's trend from 2011 to 2018:

declining kindle trend

Declining Kindle Trend

As you can see from the graph, people's general interest for Kindle has been declining over the years. That's why I doubt this business model and this K Money Mastery course can be evergreen.

This is just an additional point you should consider before investing into this program.

Stefan achieved massive success in Kindle Publishing between 2011 and 2013. One of the reason is probably because Kindle was the most popular during that period and the competition is still relatively low.

4. Competitive Kindle Market

At the time when Stefan got started in Kindle Publishing, there weren't many people doing this business so the competition is pretty low. There are a lot of profitable niches for you to tap into.

However, Kindle is very competitive today. There are often hundreds of eBooks on the same topic. It's really hard for you to stand out from the crowd and rank high in Amazon easily.

Just keep in mind that this business is not as easy as it sounds according to Stefan, despite it definitely has its potential.

Side Note: The Difference Between KMM 1.0 & 2.0

Stefan first launched K Money Mastery in 2013. Since then, there are a lot of changes happening in the industry so he launched K Money Mastery 2.0 in 2015.

Here are some of the difference between the two versions:

  • More updated & improved course materials (obviously)
  • All the lessons, videos and PDFs are all brand new
  • More focus on Fiction books (KMM 1.0 only focus on non-fiction books)
  • More ways to market your eBook and get Amazon reviews
  • KMM 1.0 course materials are not taken down from the membership site. This means like if you're a member of KMM, you'll have access to both 1.0 and 2.0
  • KMM 2.0 is FREE for people who have pruchased KMM 1.0

Here's a video which Stefan explains about KMM 2.0:

Is K Money Mastery a Scam?

My verdict is that K Money Mastery is not a scam at all. It is a legitimate course to teach people about Kindle Publishing and how to make money by selling eBooks on Amazon.

Also, as you can see from the video, Stefan is a very authentic person who is passionate about helping people and adding values to other people's lives.

My only concern is that Kindle Publishing is not as easy as it used to be due to the intense competition and declining popularity. So my doubt is that this may not last forever.

My Top Recommended EVERGREEN Business...

Since you're interested in making money online, I would highly recommend you to learn more about affiliate marketing.

In affiliate marketing, you're not just limited to selling eBooks. You can sell literally any products online. What's even better is that you don't need to worry about creating your own product like the case in KMM. All you have to do is to promote other people's product.

In addition, E-commerce is a constant booming industry which we can expect to reach $4 Trillion E-commerce retail sales worldwide in 2020. Since affiliate marketing is directly tied to E-commerce, it is an EVERGREEN business model!

Instead of selling eBooks (which not all of you will be interested in), you can build websites in any niche market you like and promote any products online in affiliate marketing.

So, you should never miss this great opportunity to build this evergreen business.

In fact, with affiliate marketing...

I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!

Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...


If you want to discover the secrets of how I did it at such a young age, click here!

Jerry Huang
 

Jerry is a young aspiring Internet Entrepreneur who started his online business at the age of 18. He is currently a Full-time Affiliate Marketer at Wealthy Affiliate, a community to help anyone start their own online business without prior experience. He actually achieved Financial Independence at the young age of 21. Read more about his story here!

Click Here to Leave a Comment Below 20 comments
Louis Atkinson - August 21, 2018

Hi, I have purchased KMM a year ago. I like Stefan James. I believe he is a legit guy & not a scammer so I decided to go all in with kindle publishing.

After a few months of going through whatever has been told to do in the course, I only ended up losing more money than making.

I am not saying that this is a scam or no one should buy this product. The important thing that I think he should include in the sales pitch is not to focus too much on outsourcing the writing.

As the websites that he has mentioned for outsourcing are not good at all. I got ripped off by them as they provided me with very mediocre content charging a lot of money. On top of that, I am no social media marketing expert so it all went against me while marketing the book.

I learnt the hard way by losing my money & time. I think that you should only buy this product if you are willing to write your own books & have a firm grip on social media marketing. Very legit review Jerry!!

Reply
    Jerry Huang - August 22, 2018

    Louis, thanks a lot for stopping by and sharing with us your valuable experience and opinion regarding K Money Mastery by Stefan James 🙂

    Reply
Tiffany Domena - February 9, 2018

Hello Jerry!

I’ve published 15 books that are available at several online retailers: Barnes and Noble, Amazon, IBooks, Kobo, and others.

I have watched Stefan talks about K Money Mastery, and the only thing I dislike is that he did not emphasize the hard work or the internet marketing skills needed to publish a book and make it thrive on Amazon.

His program seems like it has good attributes, but from my research, the best selling authors on Amazon have more components to their business models than what’s described in his course. They are full blown internet marketers, speakers, or people who do more than simply outsource, and promote books on Kindle.

The whole 4 hour work week has encouraged laziness in my opinion, and when you promote startup entrepreneurs to start outsourcing before they understand how to make money, it can be a disaster.

Great review. I always wondered what the program would actually be like, but the verbiage and the way it’s marketed as “easy” was a turnoff to me.

Reply
    Jerry Huang - February 10, 2018

    Hello Tiffany!
    Thanks for your awesome comment.

    I totally agree with you on this. Like I’ve said, despite being a legit program, Stefan made it seems too easy to make money using this method. I believe a lot of hard work is needed for any book to thrive and sell on Amazon.

    Really appreciate you for sharing your experience with us. It’s very helpful 🙂

    Reply
Ken Stoner - February 7, 2018

Hey Jerry.
Very interesting.
I’ve often wondered what was involved with ebook creation.
We see more and more fiction and non-fiction ebooks being promoted these days. I see your point though, about the declining popularity. I wonder why that is?
I often buy ebooks myself. I just find it more convenient. (and cheaper)

Reply
    Jerry Huang - February 8, 2018

    Hi Ken,
    Thanks for your comment! eBook definitely has its advantage over physical books and it’s cheaper and more convenient. However, the reason I could guess is that modern people are getting more and more visual. Pictures and videos are more popular ways of delivering information. There are lesser people actually spend time and read. That’s just my guess.

    But the main thing about K Money Mastery is not just any eBooks. It’s Amazon Kindle eBooks. So for Kindle, I would guess that the trend is gone. Having eBooks in our phones is more convenient than bringing an Amazon Kindle. That’s why it’s declining. Again, this is just my opinion but I hope that makes sense 🙂

    Reply
Stefan Vogt - February 7, 2018

Hi Jerry, thank’s for laying out the opportunities we have with using KMM.

All in all, it does sound quite interesting. You just have to find the right niche.
All the outsourcing will cost some money I guess. How many pages should an ebook like this be about?

I think I’ll eventually have to write a small eBook myself but I want to publish it on my own website. Like this, I get direct contact to my niche followers.

I still think having my own brand website is the best approach to get into the online business.
I must say though, I think the price of Stefan’s product is not that expensive. There are much higher fees asked for, for many similar programs.

Reply
    Jerry Huang - February 10, 2018

    Hi Stefan,
    It’s weird to call another Stefan when you’re “Stefan” yourself, right? HAHA

    Anyway, I think KMM has its value and is suitable for people interested in this area at this affordable price. But I also prefer building my own websites and funnels to run my online business like you. I believe I’ll be writing my own book one day. When that day comes, I would like to learn from Stefan about ranking and selling books on Amazon. That will be very helpful.

    Reply
kay - February 7, 2018

Hi there,

This is actually a very interesting information. I have never heard of KMM before, but it sounds very intriguing. For the time being, I will stick to Wealthy Affiliate though. I agree with you that Affiliate Marketing is definitely the evergreen long term business for anyone.

I am wondering, can individuals join KMM if they are not in Canada or the US?

Reply
    Jerry Huang - February 8, 2018

    Hi Kay,
    Thanks for your comment! Yes, I believe K Money Mastery is not limited to Canada or the US.

    Reply
Mia Lambert - February 6, 2018

Hi Jerry,
First of all, this is a very in-depth review. Thank you. I can sense a lot of honesty in your writing, and I appreciate it.

I know E-books are pretty popular these days, and they can help your business, but I never thought about doing business solely on selling e-books on Amazon Kindle. This is a new idea to think about.

You were mentioning outsourcing in this review. Do you know anybody you could recommend for writing articles and e-books?

Kind regards,
Mia

Reply
    Jerry Huang - February 10, 2018

    Hi Mia,
    Thanks for the great comment!

    I have not yet outsource any article and eBook writing so I don’t have any recommendation for now. Sorry about that.

    Reply
JohnV - February 6, 2018

This is very comprehensive and well written review. While it is in no way a sales article for the KMM, I could be very tempted by it, were I not committed to what I am already doing. If there is an affiliate program for KMM, then I might well recommend it in the future.

Reply
    Jerry Huang - February 10, 2018

    Hi John,
    Thanks for checking out this review!
    Yes, there’s an affiliate program on ClickBank for KMM. You’ll be able to find it easily in CB marketplace.

    Reply
Norman Richards - February 6, 2018

Good morning, Jerry, it is so interesting to see that you are talking about Stefan because I watch his video sometimes and is impressed with his story from rags to riches. His story on his rise to success is pretty amazing.

But like you’ve said, building a business requires hard work and is not as easy as his program makes it seems to be. Nevertheless, it is good to know that he is legit because I like watching his videos. Thanks for sharing.

Reply
    Jerry Huang - February 10, 2018

    Hi Norman,
    Good to know that you’re following Stefan. He is a really awesome guy offering valuable information on his blog and his YouTube Channel. You’ll learn a lot from him.

    Reply
Vince - February 6, 2018

I’ve been following Stefan for a couple of years now and he has certainly built up his business to an empire.

I really wanted to try it but then I thought, what kind of books am I buying? Are they well written and life changing? Yes they are and I’d prefer to spend more money on a highly recommend book as they can take me awhile to read.

I love the idea of publishing a book but I think it would be mediocre and hardwork.

Appreciate this great review Jerry and highlighting all the upsells.

Would you ever write a book Jerry?

Reply
    Jerry Huang - February 10, 2018

    Hey Vince,
    Thanks for your comment.
    Personally I wouldn’t go for KMM despite I have been following Stefan and I admire him a lot. I believe I’ll be writing my own book in time to come but not quite yet.

    Reply
peter - February 6, 2018

Nice review on K Money Mastery. Passive income business is really a good way to make money. And K Money Mastery from your review elaborates so well about it. Though my little concern is that you’ve got to have a passion in something for you to be more successful in it. Reading books is really not my thing, so what advice can you give me about going into this business? Thank you.

Reply
    Jerry Huang - February 10, 2018

    Hi Peter,
    I agree with you that you need to be passionate about what you’re doing in order to be successful in it. This is the same for any business, not just for KMM. For KMM, you don’t need to read books. If selling eBooks on Amazon without you writing a single word appeals to you, you can give it a shot. If not, you may want to check out my top recommended program called Wealthy Affiliate 🙂

    Reply

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