It is estimated that only one in twenty authors become a bestselling author.
What is even worse is that around 1% of authors actually make any significant money from their book . In fact most authors find it very hard 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 secret for how to write a book, publish it, get it on the bestseller lists and earn lots of money.
And it's not just luck, because some are able to do it 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 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 - Design a business around each book so that you are creating great products that accompany each book.
A book is more than just paper with words all over it. Your book communicates your knowledge in a familiar format that others can enjoy and use. You will achieve more success when you realize that you can communicate the same information in other acceptable forms that sell just as well. When you're planning your next 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 everything sells the book and the book sells everything.
Key Factor 2 – When writing your book, stick 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 which cannot be ignored when 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 bookstores 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: relevant quotes, testimonials, resources listings, captivating stories that make a point, and an index.
Key Factor 3 - Be proactive and begin pre-selling your book while you are still writing and guide pre-sales to as much possible so that you'll know where your books are going to be purchased and when.
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 becoming a bestseller and it's crucial to know which ones do. Keep the focus to only those that count and compress the sales during the best span of time. If you have done your homework and created the right sales volume 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 use the formula that top authors use to reach 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.