It is estimated that only 5% of authors become a bestseller.
What is even worse is that around 1% of authors actually earn a living by writing . In fact most authors find it very hard to make back what put into it.
What does the 1% do differently? Even more important, can you become one of the few?
They've found the secret for how to write a book, get it on the bestseller lists and for it to make a lot of money from them.
It isn't purely luck, because some are able to succeed 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 figure out and put these factors into practice, you could add an additional 6 or 7-figures to your income from each book you write in the future.
Key Factor 1 - Design a business from each book so that each book has desirable products to go with it.
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 communicate the same knowledge in other acceptable forms that sell just as well. When you're thinking about your next book, proactively plan out your other products and services 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 the book sells everything and everything sells the book.
Key Factor 2 – As your write the book, stick in all of the necessary ingredients and some of the desirable ones, and you'll find your book is easy to promote, market, and sell.
There are several components that are necessary to creating a bestseller, and some of them must be designed in from the start. There are also some very enticing features which expand the value and marketability of your book. For instance, 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 promote and are therefore very desirable. 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 - Proactively begin pre-selling your book while writing your book and control pre-sales to as much 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 instance, not all book sales count toward becoming a bestseller and it's crucial to know which ones do. Keep the focus to only those that count and concentrate the sales during the best time period. If you have learned what you need to and created 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 you must follow the formula that others use to reach that goal. Choose to use the Key Factors outlined above and keep your eye on the ball, and you'll hit a home run every time.