It is estimated that only 5% of authors become a bestseller.
What's worse is that about 1% of authors actually earn a living from their book . In fact most authors find it very hard to get back what they've invested.
How does that 1% do it? Even more important, can you become one of the few?
They've found the secret for how to write a book, get it on the bestseller lists and earn lots of money.
It isn't just a lucky strike, because some are able to succeed consistently.
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 money from it.
If you figure out and implement these factors, you could earn an additional 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 to accompany it.
A book is more than just 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 the same knowledge in other acceptable ways that sell just as effectively. When you're planning your book, proactively plan your other products so that your book is an intentional part of your business. Not only will you have an additional income stream, but also a very effective marketing system, because everything sells the book and the book sells everything.
Key Factor 2 – As your write the 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 which cannot be ignored when creating a bestseller, and some of them must be included from the start. There are also some very desirable features which expand the value and marketability 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 promote. 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 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.
You need to learn what what criteria make your book a bestseller. For example, not all sales of books help the book towards becoming a bestseller and it's vital to know which ones do and don't. Keep your attention to only those that count and concentrate the sales during an appropriate span of time and if you have done your homework and attracted the right sales volume 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 follow the recipe that the top 1% use to 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.