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 by writing . In fact most authors find it very difficult to make back what sunk into their book.
What does the 1% do differently? More importantly, how can you be one of them?
They've discovered the formula for how to write a book, make it a bestseller and earn lots of money.
It isn't purely luck, because some are able to do it over and over again.
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 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 that accompany it.
Your book is more than a lot of 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 transfer the same information in other ways that sell just as well. When you're planning your book, proactively plan out your other products so that your book is an intentional part of your business. Not only will you have a very extra system of marketing, but also extra income streams, because the book sells everything and everything sells the book.
Key Factor 2 – When writing your book, add in all of the necessary components and some of the desirable ones, and you'll find your book is quite simple to advertise, market 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 start. There are also some very desirable features which help to increase the value and marketability of your book. For example, 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 market. Some features that all New York Times Bestsellers have in common are: testimonials, resources listings, captivating stories that make a point, relevant quotes and an index.
Key Factor 3 - Be proactive and begin selling your book while you are still writing and guide pre-sales to the fullest extent possible so that your books will be purchased in the way and time that will do you the most good.
You need to learn what it takes to make your book a bestseller. For example, not all sales of books count toward bestselling status and it's crucial to know which ones do and don't. Keep your attention to only those that matter and concentrate the sales during the best period of time and if you have learned what you need to and attracted the right sale quantities 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 follow the recipe that others use to 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.