It is estimated that only one in twenty authors become a bestselling author.
What is even worse is that around one in a hundred authors actually make any significant money by writing . In fact most authors find it very hard to earn back what they've invested.
How does that 1% do it? 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's not just luck, because some are able to succeed over and over again.
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 figure out 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 that accompany it.
Your book is more than a lot of paper with words all over it. 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 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 additional 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 components and most of the enticing ones, and you'll find your book is quite simple to promote, market, and sell.
There are several components that are essential to creating a bestseller, and some of them must be included from the start. There are also some highly 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. Having captivating stories that make a point, relevant quotes, testimonials, resources listings, and an index are some of the top features of every New York Times Bestseller.
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 vital to know which ones don't. Keep the focus to only those that matter and compress the sales during an appropriate time period. 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 you must use the secret recipe that others 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.