It is estimated that only 5% of authors become a bestseller.
What's worse is that only 1% of authors actually earn a living by writing . In fact most authors find it very hard to make back what they've invested.
How does that 1% do it? More importantly, how can you be one of them?
They've learned the formula for how to write a book, get it published, get it on the bestseller lists and earn lots of money.
It isn't purely luck, because some are able to do it consistently.
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 learn and implement these factors, you could get an extra 6 to 7 figures from each book you write from now on.
Key Factor 1 - Turn your book into a business so that each book has desirable products that go with it.
A book is more than just paper and ink. It transfers your knowledge for people to use and enjoy via a traditional format. You will achieve more success when you realize that you can communicate the same information in other acceptable ways that sell just as well. When you're planning your next book, proactively plan your other products and services 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 – When writing your book, add in all of the necessary ingredients and some of the desirable ones, and you'll find your book is quite simple to market, promote, and sell.
There are a few components that are essential to creating a bestseller, and some must be designed in from the start. There are also some highly desirable features which help to expand 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 retail stores can sell your book for you. There are also about 10 features that make your book much easier to sell and are therefore very desirable. Some features that all New York Times Bestsellers have in common are: testimonials, resources listings, captivating stories that make a point, relevant quotes and an index.
Key Factor 3 - Be proactive and begin your book sales while writing your book 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.
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 count toward becoming a bestseller and it's vital to know which ones do and don't. Keep the focus to only those that count and compress the sales during the best time span and if you have studied what you need to and attracted 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 formula that the top 1% use to hit 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.