It is estimated that only 5% of authors become a bestselling author.
What is even worse is that only 1% of authors actually earn a living by writing . In fact most authors find it very hard to earn back what sunk into their book.
How does that 1% do it? More importantly, how can you be one of them?
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 consistently.
There are many factors to writing a successful book, but I would like to focus on the three key success factors to writing a bestseller and making a good profit.
If you learn and put these factors into practice, you could get an extra 6 to 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 that same information in other forms that sell just as well. When you're planning your book, proactively plan out other products so that your book is an intentional part of your business. 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, add in all of the necessary ingredients and most of the enticing ones, and you'll find your book is quite simple to promote, market, and sell.
There are a few ingredients that are necessary to creating a bestseller, and some of them must be designed in from the beginning. There are also some very 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. Some features that all New York Times Bestsellers have in common are: resources listings, captivating stories that make a point, relevant quotes, testimonials and an index.
Key Factor 3 - Proactively begin pre-selling your book while writing your book and guide pre-sales to as much possible so that your books will be purchased in the way and time that will do you the most good.
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 extremely important to know which ones do. Keep your attention to only those that matter and concentrate the sales during the best period of time. 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 follow 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.