It is estimated that only one in twenty authors become a bestselling author.
What's worse is that only one in a hundred authors actually make any significant money from their book . In fact most authors find it very hard to get back what they've invested.
How does that 1% do it? More importantly, how can you be one of them?
They've discovered the formula for how to write a book, publish it, make it a bestseller and earn lots of money.
And it's not just luck, because some are able to succeed consistently.
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 learn 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 each book has desirable products that go with it.
Your book is more than a lot of paper and ink. 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 transfer the same information in other forms that sell just as well. When you're thinking about your next book, proactively plan out your other products 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 everything sells the book and the book sells everything.
Key Factor 2 – As your write the book, add in all of the necessary components and most of the enticing ones, and you'll find your book is much easier to promote, market, and sell.
There are several ingredients that are absolutely necessary to creating a bestseller, and some must be designed in from the start. There are also some very enticing features which help to increase 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. Having testimonials, resources listings, captivating stories that make a point, relevant quotes and an index are some of the top features of every New York Times Bestseller.
Key Factor 3 - Proactively begin pre-selling your book while you are still writing and control 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 bestselling status and it's extremely important to know which ones do. Keep your attention to only those that matter and compress the sales during the best time period. If you have learned what you need to and attracted the right sales volume 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 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.