It is estimated that only 5% of authors become a bestseller.
What's worse is that around one in a hundred authors actually make any significant money by writing . In fact most authors find it very difficult to get 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 formula for how to write a book, get it on the bestseller lists and for it to make a lot of money from them.
And it isn't just a lucky strike, because some are able to do it repeatedly.
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 learn and put these factors into practice, 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 to accompany 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 will achieve more success when you realize that you can transfer the exact same information in other forms that sell just as effectively. When you're planning your next book, proactively plan other products and services 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 the book sells everything and everything sells the book.
Key Factor 2 – When writing your book, add in all of the essential components and most of the desirable ones, and you'll find your book is easy to promote, market, and sell.
There are several ingredients which cannot be ignored when creating a bestseller, and some must be designed in from the start. There are also some highly desirable features which increase the value and marketability of your book. For example, you must have a bar code and an ISBN number, 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: relevant quotes, testimonials, resources listings, captivating stories that make a point, and an index.
Key Factor 3 - Proactively begin pre-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 instance, not all sales of books help the book towards a bestseller status and it's crucial to know which ones don't. Keep the focus to only those that matter and compress the sales during an appropriate period of time and if you have learned what you need to and created 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 formula that top authors use to successfully 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.