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 earn a living by writing . In fact most authors find it very difficult to make back what they've invested.
How does that 1% do it? More importantly, how can you be one of them?
They've learned 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.
It isn't purely luck, because some are able to succeed over and over again.
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 money from it.
If you learn and put these factors into practice, you could receive an extra 6 to 7 figures of income from each book you write in the future.
Key Factor 1 - Create a business around each book so that you are creating highly desirable products to go with each book.
A book is more than just paper and ink. 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 transfer that knowledge in other forms that sell just as well. When you're thinking about your next book, proactively plan 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 the book sells everything and everything sells the book.
Key Factor 2 – When writing your book, stick in all of the essential components and some of the desirable ones, and you'll find your book is easy to promote, market, and sell.
There are a few components that are necessary to creating a bestseller, and some must be included from the beginning. There are also some highly enticing features which help to 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 bookstores 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. Having relevant quotes, testimonials, resources listings, captivating stories that make a point, and an index are some of the top features of every New York Times Bestseller.
Key Factor 3 - Proactively begin selling your book 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 example, not all book sales count toward becoming a bestseller and it's extremely important to know which ones do and don't. Keep the focus to only those that count and concentrate the sales during the best time span. If you have studied what you need to and attracted the right amount of sales 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 follow the secret formula 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.