It is estimated that only 5% of authors become a bestselling author.
What is even worse is that about 1% of authors actually make any significant money from their book . In fact most authors find it very difficult to make back what they've invested.
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, get it on the bestseller lists and for it to make a lot of money from them.
And it isn't just a lucky strike, because some are able to do it repeatedly.
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 get an additional 6 to 7 figures of income from each book you write in the future.
Key Factor 1 - Turn your book into a business so that you are creating highly desirable products that accompany the 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'll have a far greater level of success when you realize that you can transfer that information in other ways that sell just as well. When you're thinking about your next book, proactively plan your other products and services so that your book is an intentional part of your business. Not only will you have a very extra system of marketing, but also additional income streams, because the book sells everything and everything sells the book.
Key Factor 2 – As your write the book, add in all of the essential ingredients 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 necessary to creating a bestseller, and some must be designed in from the start. There are also some very desirable features which expand the value and marketability 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 market and are therefore very desirable. 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 your book pre-sales while you are still writing and control 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.
If you want to make your book a bestseller, then you should learn what it takes to do so. For example, not all sales of books count toward a bestseller status and it's extremely important to know which ones do. Keep the focus to only those that matter and concentrate the sales during an appropriate period of time. 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 know how to write a book that makes money and becomes a bestseller, then you must follow the formula that the top 1% use to successfully 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.