It is estimated that only one in twenty authors become a bestselling author.
What's worse is that around one in a hundred authors actually make any significant money by writing . In fact most authors find it very hard to earn back what they've invested.
What does the 1% do differently? Even more important, can you become one of the few?
They've discovered the formula for how to write a book, get it on the bestseller lists and for it to make a lot of money from them.
It isn't purely luck, because some are able to succeed repeatedly.
There are many success factors to writing a good book, but I would like to focus on the three key success factors to writing a bestseller and making money from it.
If you figure out and implement these factors, you could add an additional 6 or 7-figures to your income from each book you write from now on.
Key Factor 1 - Design a business from each book so that you are creating great products that accompany each book.
Your book is more than a lot of paper and ink. Your book communicates your knowledge in a familiar format that others can enjoy and use. You will achieve more success when you realize that you can communicate that same knowledge in other forms that sell just as effectively. When you're thinking about your next book, proactively plan your other products so that your book is an intentional part of your business. Not only will you have a very additional system of marketing, but also additional income streams, because the book sells everything and everything sells the book.
Key Factor 2 – When writing your book, stick in all of the essential components and most of the desirable ones, and you'll find your book is easy to market, advertise, and sell.
There are several components that are absolutely essential to creating a bestseller, and some of them must be included from the beginning. There are also some highly enticing features which help to increase the marketability and value of your book. For instance, you must have a bar code and an ISBN number, plus certain bindings and features so that bookstores can sell your book for you. There are also about 10 features that make your book much easier to market and are therefore very desirable. Having relevant quotes, testimonials, resources listings, captivating stories that make a point, and an index are some of the top features of every New York Times Bestseller.
Key Factor 3 - Proactively begin pre-selling your book while writing your book and guide pre-sales to as much possible so that you'll know where your books are going to be purchased and when.
If you want to make your book a bestseller, then you should learn what it takes to do so. For instance, not all book sales help the book towards a bestseller status and it's vital to know which ones don't. Keep your attention to only those that matter and concentrate the sales during the best time period. If you have done your homework and attracted the right amount of sales you'll have a guaranteed winner.
ACTION POINT: If you want to find out how to write a book that makes money and becomes a bestseller, then you must use the secret formula that the top 1% use to successfully reach that goal. Make a decision to use the Key Factors outlined above and keep your eye on the ball, and you'll hit a home run every time.