It is estimated that only 5% of authors become a bestseller.
What's worse is that about one in a hundred authors actually make any significant money from their book . In fact most authors find it very difficult to make back what they've invested.
What does the 1% do differently? More importantly, how can you be one of them?
They've found the secret for how to write a book, publish it, 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 figure out and implement these factors, you could add an additional 6 or 7-figures from each book you write in the future.
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 with words all over it. 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 the same knowledge in other forms that sell just as well. When you're thinking about your book, proactively plan out 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 everything sells the book and the book sells everything.
Key Factor 2 – As your write the book, add in all of the necessary components and most of the enticing ones, and you'll find your book is quite simple to market, advertise, and sell.
There are several ingredients which cannot be ignored when creating a bestseller, and some of them must be included from the start. There are also some very enticing features which increase the value and marketability 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 promote and are therefore very desirable. Having testimonials, resources listings, captivating stories that make a point, relevant quotes and an index are some of the top features of every New York Times Bestseller.
Key Factor 3 - Proactively begin your book pre-sales while you are still writing and control pre-sales to as much 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 example, not all book sales count toward a bestseller status and it's vital to know which ones do. Keep your attention to only those that count and concentrate the sales during the best time period. 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 learn how to write a book that makes money and becomes a bestseller, then use the recipe that others use to successfully hit 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.