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 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, get it on the bestseller lists and earn lots of money.
It isn't purely luck, because some are able to succeed 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 lot of money from it.
If you figure out and put these factors into practice, you could add an additional 6 or 7-figures from each book you write from now on.
Key Factor 1 - Turn your book into a business so that each book has highly enticing products to go with 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 will achieve more success when you realize that you can communicate that same knowledge in other acceptable forms that sell just as effectively. When you're planning your next book, proactively plan out 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 extra income streams, because the book sells everything and everything sells the book.
Key Factor 2 – When writing your book, stick in all of the essential components and most of the desirable ones, and you'll find your book is quite simple to promote, market, and sell.
There are several components that are absolutely essential to creating a bestseller, and some of them must be included from the beginning. There are also some very enticing features which help to expand the marketability and value 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 resources listings, captivating stories that make a point, relevant quotes, testimonials and an index are some of the top features of every New York Times Bestseller.
Key Factor 3 - Be proactive and begin your book pre-sales while writing your book and guide pre-sales to the fullest extent 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 example, not all sales of books count toward becoming a bestseller and it's vital to know which ones do. Keep the focus to only those that count and compress the sales during an appropriate span of time and if you have done your homework and attracted the right amount of sales 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 secret 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.