It is estimated that only 5% of authors become a bestseller.
What's worse is that only one in a hundred authors actually make any significant money from their book . In fact most authors find it very difficult to earn back what put into it.
How does that 1% do it? Even more important, can you become one of the few?
They've discovered the formula for how to write a book, get it published, get it on the bestseller lists and earn lots of money.
And it isn't just a lucky strike, because some are able to do it over and over again.
There are many factors to writing a successful book, but I would like to focus on the three most important factors to successfully writing a bestseller and making a lot of money from it.
If you figure out and put these factors into practice, you could earn an extra 6 to 7 figures from each book you write in the future.
Key Factor 1 - Create a business from each book so that each book has desirable products to go with it.
Your book is more than a lot of paper and ink. It transfers your knowledge for people to use and enjoy via a traditional format. You'll have a far greater level of success when you realize that you can communicate that knowledge in other ways that sell just as well. When you're planning your next book, proactively plan your other products so that your book fits into your business in an intentional way. Not only will you have a very extra system of marketing, but also extra income streams, because everything sells the book and the book sells everything.
Key Factor 2 – When writing your book, stick in all of the essential ingredients and most of the desirable ones, and you'll find your book is much easier to market, advertise, and sell.
There are several components which cannot be ignored when creating a bestseller, and some must be included from the beginning. There are also some very desirable features which expand the marketability and value of your book. For instance, you must have an ISBN number and a bar code, 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. Some features that all New York Times Bestsellers have in common are: captivating stories that make a point, relevant quotes, testimonials, resources listings, and an index.
Key Factor 3 - Proactively begin pre-selling your book while you are still writing and control pre-sales to the fullest extent 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 sales of books count toward bestselling status and it's extremely important to know which ones do and don't. Keep your attention to only those that count and compress the sales during the best time span and if you have learned what you need to and attracted the right sales volume you'll have a guaranteed winner.
ACTION POINT: If you want to know how to write a book that makes money and becomes a bestseller, then use the secret recipe that top authors use to achieve that goal. Choose to use the Key Factors outlined above and keep your eye on the ball, and you'll hit a home run every time.