It is estimated that only 5% of authors become a bestseller.
What is even 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, get it published, make it a bestseller and for it to make a lot of money from them.
It isn't just a lucky strike, because some are able to do it repeatedly.
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 money from it.
If you learn and put these factors into practice, you could get an extra 6 to 7 figures of income from each book you write from now on.
Key Factor 1 - Turn your book into a business so that you are creating highly desirable products to go with the 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'll have a far greater level of success when you realize that you can communicate the exact same information in other forms that sell just as effectively. When you're planning your next book, proactively plan out your other products so that your book is an intentional part of your business. Not only will you have a very additional system of marketing, but also extra income streams, because the book sells everything and everything sells the book.
Key Factor 2 – When writing your 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 several ingredients which cannot be ignored when creating a bestseller, and some must be designed in from the start. There are also some very desirable features which expand the value and marketability of your book. For instance, 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 sell. 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 - Be proactive and begin your book pre-sales while writing your book and control 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 sales of books help the book towards becoming a bestseller and it's vital to know which ones do and don't. Keep the focus to only those that matter and concentrate the sales during the best time span and if you have done your homework and attracted 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 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.