It is estimated that only 5% of authors become a bestselling author.
What is even worse is that only one in a hundred 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? More importantly, how can you be one of them?
They've learned 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.
It isn't purely luck, because some are able to do it repeatedly.
There are many success factors to writing a good book, but I would like to focus on the three most important factors to successfully writing a bestseller and making a lot of money from it.
If you figure out and implement these factors, 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 desirable products that accompany 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 forms that sell just as effectively. When you're thinking about your book, proactively plan your other products 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 – As your write the book, stick in all of the essential components and some of the desirable ones, and you'll find your book is easy to market, promote, and sell.
There are several components that are necessary to creating a bestseller, and some of them must be included from the beginning. 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 bookstores can sell your book for you. There are also about 10 features that make your book much easier to promote. Some features that all New York Times Bestsellers have in common are: captivating stories that make a point, relevant quotes, testimonials, resources listings, and an index.
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 instance, not all book sales help the book towards a bestseller status and it's crucial to know which ones do and don't. Keep the focus to only those that matter and concentrate the sales during an appropriate time period and if you have learned what you need to 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 use the secret formula that the top 1% use to successfully 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.