It is estimated that only one in twenty authors become a bestseller.
What's worse is that only one in a hundred authors actually earn a living by writing . In fact most authors find it very difficult to get back what they've invested.
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, publish it, 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 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 to your 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 to go with each 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 will achieve more success when you realize that you can communicate the exact same knowledge in other forms that sell just as effectively. When you're planning your next book, proactively plan your 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 everything sells the book and the book sells everything.
Key Factor 2 – As your write the book, add in all of the necessary ingredients and most of the enticing ones, and you'll find your book is much easier to promote, market, and sell.
There are a few ingredients which cannot be ignored when creating a bestseller, and some must be designed in from the start. There are also some highly desirable 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 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 - Be proactive and begin selling your book while you are still writing and guide 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 book sales help the book towards a bestseller status and it's vital to know which ones don't. Keep your attention to only those that matter and concentrate the sales during an appropriate period of time and if you have learned what you need to and attracted the right sale quantities 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 use the secret formula that top authors use to successfully hit 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.