With everyone buzzing about the new Kindle 2 and the new Kindle iPhone app, you may be wondering how you can take advantage of this hot new product to make a little extra money for yourself. Keep in mind that publishing your content on the Kindle also publishes your content on the iPhone so it’s double the chance of selling your work.

The good news is that it is simple to publish your content to the Kindle, regardless of whether you have a book, ebook or just want to re-purpose a blog post. The better news is that, provided your content is formatted correctly, you can submit your book for Kindle publication in only a few minutes time.

To start with, create an account at Amazon’s Digital Text Platform. Once your account is active, you can log into their user friendly dashboard.

Once in, select “Add new item” which gives you a form to fill out the basic details of your content including uploading the cover image and inputting the basic meta details for the project.

The one tricky part of publishing is the upload process. While most services prefer your content in PDF, the Amazon DTP’s preferred format is HTML (single page), though they also accept .doc, .txt, PDF and .mobi formats. (Here is one spot where those re-purposing a blog post will have it easy as your content will already be in HTML). If you don’t want to use HTML, you may have to use the preview they provide and a little trial and error to get the content looking how you want it. Once you have that set, you can move ahead to setting your price.

The revenue process from the Kindle is pretty simple. You set the suggested retail price for your content and then Amazon gives you 35% of the suggested retail price, regardless of if they are selling your book at a discount or not. So if Amazon decides to sell your book for less, they still give you the same amount as if they were selling it for full price. The minimum price is $1 which would be idea for a former blog post or short story.

To give you a little more perspective on what publishing on the Kindle is like, I am having a guest this week. Science fiction and fantasy author Gregory Bernard Banks is not only a veteran of Amazon Shorts, the precursory to the Amazon Kindle publishing program, but also has 10 of his projects available on the Amazon Kindle. He will be stopping by this week to give us the inside scoop on publishing on the Kindle so keep an eye out for that interview.