It is estimated that only one in twenty authors become a bestseller.
What is even worse is that about 1% of authors actually earn a living from their book . In fact most authors find it very hard to earn back what sunk into their book.
How does that 1% do it? Even more important, can you become one of the few?
They've found the formula for how to write a book, make it a bestseller and earn lots of money.
And 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 key success factors to writing a bestseller and making a good profit.
If you figure out and implement these factors, you could add an additional 6 or 7-figures to your income from each book you write in the future.
Key Factor 1 - Turn your book into a business so that each book has highly enticing products that go with it.
Your book is more than a lot of 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 transfer the same knowledge in other ways that sell just as effectively. When you're planning your book, proactively plan 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, stick in all of the necessary ingredients and most of the desirable ones, and you'll find your book is much easier to market, advertise, and sell.
There are a few ingredients which cannot be ignored when creating a bestseller, and some of them must be designed in from the beginning. There are also some highly desirable features which increase the marketability and value of your book. For example, 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: relevant quotes, testimonials, resources listings, captivating stories that make a point, and an index.
Key Factor 3 - Be proactive and begin your book pre-sales while you are still writing and guide pre-sales to the fullest extent 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 bestselling status and it's vital to know which ones do. Keep your attention to only those that matter and compress the sales during the best time period and if you have done your homework and created the right sales volume 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 the top 1% 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.