It is estimated that only one in twenty authors become a bestselling author.
What's worse is that around 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 learned the secret for how to write a book, get it published, get it on the bestseller lists and earn lots of money.
And it isn't just a lucky strike, because some are able to do it repeatedly.
There are many success factors to writing a good book, but I would like to focus on the three key success factors to writing a bestseller and making a good profit.
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 - Design a business around each book so that you are creating highly desirable products to go with each book.
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 communicate that same knowledge 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 fits into your business in an intentional way. Not only will you have a very extra system of marketing, but also additional income streams, because everything sells the book and the book sells everything.
Key Factor 2 – When writing your book, add in all of the necessary ingredients and most of the enticing ones, and you'll find your book is much easier to promote, market, and sell.
There are several components that are absolutely essential to creating a bestseller, and some must be included from the beginning. There are also some very enticing features which expand the marketability and value of your book. For example, you must have an ISBN number and a bar code, 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 market. 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 - Be proactive and 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.
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 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 time span and if you have studied what you need to and attracted the right amount of sales 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 follow the recipe that others use to achieve 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.