It is estimated that only one in twenty authors become a bestselling author.
What is even worse is that around 1% of authors actually earn a living from their book . In fact most authors find it very hard to make back what sunk into their book.
What does the 1% do differently? Even more important, can you become one of the few?
They've discovered the secret for how to write a book, get it on the bestseller lists and earn lots of money.
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 most important factors to successfully writing a bestseller and making money from it.
If you figure out and put these factors into practice, you could get an additional 6 to 7 figures of income from each book you write in the future.
Key Factor 1 - Create a business around each book so that you are creating highly desirable products that go with the 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'll have a far greater level of success when you realize that you can communicate that same knowledge in other ways that sell just as well. When you're thinking about 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 an additional income stream, but also a very effective marketing system, because the book sells everything and everything sells the book.
Key Factor 2 – As your write the book, add in all of the essential components and most of the desirable ones, and you'll find your book is quite simple to market, advertise, and sell.
There are a few components which cannot be ignored when creating a bestseller, and some must be designed in from the start. There are also some highly enticing features which increase the value and marketability of your book. For example, 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 promote and are therefore very desirable. Some features that all New York Times Bestsellers have in common are: resources listings, captivating stories that make a point, relevant quotes, testimonials and an index.
Key Factor 3 - Proactively begin your book sales while you are still writing and control pre-sales to the fullest extent possible so that your books will be purchased in the way and time that will do you the most good.
You need to learn what it takes to make your book a bestseller. For example, not all book sales help the book towards bestselling status and it's vital to know which ones do. Keep your attention to only those that matter and compress the sales during the best time span and if you have done your homework and created the right sale quantities 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 use the recipe that the top 1% 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.