How to Become a Bestselling Author

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It seems to be the question of everyone’s lips these days and to be perfectly honest with you in Australia this is pretty easy to achieve with our lenient standards of only 10,000 copies required to be sold before maintaining this status for life. New York in comparison requires you sell 10,000 copies a week just to maintain that status.

Of course some people still think that is a lot so get caught up with the rumour of 5,000 copies, created by one self publishing educator trying to bulk sell their package from stage, who stated you can put best seller on the cover once you’ve sold 5,000 copies (false advertising aside) as that will allow you to quickly and easily move the other 5,000 copies.

Other people thought if they purchased 10,000 copies themselves they could have that status so filled their garages with boxes and boxes of unopened books they still can't move. The rule however is sold, which is defined by a purchase from anyone other than the author or publisher, but then people after hearing this definition started selling contributor books to their contributors in bulk trying to bend the rule this way.

Then moving to the digital world an Amazon best seller is based on per category sales and defined as the top 40 in any category at any given time where people are obtaining the status quickly and easily by moving bulk copies of a free book in a matter of hours after it is released and then taking a screen shot to claim that status in all future marketing. Then there are those people who won’t associate with you unless you are a best-selling author and so the snobbery of travelling in those ‘it’s all about me’ circles begins. But I ask you with all the rumours going round and everyone trying to achieve it (and doing so by the various ways of cheating the system) what is bestseller status really worth.

If you ask me people are going after the wrong thing. Do you just want the 15 minutes of fame from being a best-selling author which is here today and gone tomorrow or do you want the ongoing success of being a published author with your credibility not being derived from the volumes of books you sold over a given period of time but from the quality of the content of your book and how that affects peoples’ individual lives on an ongoing basis.

What I mean by that is don’t get caught up in the hype and underestimate the power of the content of your book in attracting your ideal customer to you time and time again. Publishing a book to profile you as the expert in your field turns the 80/20 rule, where 20% of clients take up 80% of your time (and vice verse) upside down and does so as early as the prospecting stage so those time wasting potential clients now spent $25 to discover they are not your ideal client instead of wasting your time requesting quotes they don’t plan to go through with. Better yet your ideal customer spends that same $25 to pre-qualify themselves as your target market, turning marketing from a traditional business expense to a profit generating exercise and getting you a financial return from the life of these clients much higher than 10,000 book sales. Having high calibre clients pay to find you time and time again instead of you wasting your hard earned money paying to find them is something every serious business owner should aspire too.

For more information on how to enter the publishing industry by publishing a book cashflow positive to profile you as the expert in your field click here.

Whose hands are you putting your reputation in?

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That’s right these days everyone wants to publish a book to become known as the expert in their field and as a result publishing service providers are popping up everywhere to meet the demands of the changing market.

As a self publishing educator I heavily recommend every business owner do just that particularly with changes to industry like the digital age meaning things can now be done quicker and cheaper and all run in a cahsflow positive manner meaning you never need put any of your money down. That’s right you can actually publish a book in 2013 with no set up costs and no ongoing costs by using print on demand methods to ensure you are paid before your books are ever printed and pre-sale techniques to fund the setup process.

Then you have the digital book which of course has no ongoing costs which makes the tool of a book when marketing your business a no brainer for any business owner as with the increased credibility of being a published author. With no money down and the ongoing profits turning marketing your business from a traditional business expense to a profit generating exercise any serious business owner would be very foolish not to be getting involved.

But of course therein lies the problem as with so many people wanting to do just that the business of publishing a book has become just that a very profitable business with new providers opening up every day. The problem is people are so focused on keeping up with the Jones they are going with the first provider who approaches them instead of checking them out first.

I am not saying you need to necessarily shop around as no one likes a penny pincher who goes for the quote that was a few dollars less (and then regrets it afterwards when they find out the money they saved was because cuts were made in either the customer service or the quality of the product) but what I am saying is that when you think you have found whoever you want to work with check them out first. What previous books have they published? or more importantly how many? What are their previous success cases? or more importantly have they been open long enough to have any?

As a so called dinosaur of the industry in comparison to those providers that opened up last week, I can tell you that you need to find somebody who you click with, who has the same values as you and will look after your book in the same way as you would whether they being doing every stage of the publishing process for you or educating you on how to run the whole publishing process yourself.

They need to be about your success not about the money as if you think of your book like having a baby – anyone can help you carry the project to term, anyone can help give birth to your project and celebrate at your book launch, but if you place your baby in the hands of someone who is here today and gone tomorrow who is going to help you raise this child to ensure your books ongoing success when publishing is no longer a fad for all but only the successful books are left after standing the test of time?

What is your credibility as a person, author, business owner etc. worth to you and whose hands are you placing it in for both the short and long term?

To learn more about what you need to know before starting any publishing project take a look at the following resources:

Live Training – http://www.thepublishingqueen.com/seminars.html
Video Training – http://www.overnightselfpublishingsuccess.com

Recycle your marketing to promote your book time and time again

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Do you want to know how to widen the audience of your media attention? Well the secret is to recycle your marketing to promote your book time and time again. What I mean by that is capitalising on an event by marketing before, during and afterwards - all at not cost to you!

Media attention is one of the easiest kinds of events to do this with. You promote the event beforehand on social media which profiles both you as the expert and the station/publication doing the interview which results in 2 things; firstly more people listening in or reading the article and secondly favour with the host or journalist so they are more likely to invite you back or do a repeat story.

Then of course you do the actual interview giving the people whatever they ask for eg. be available based on their schedule (not yours) happy to start late, run overtime etc. anything they require to make their life easier. Don't openly promote yourself (unless they ask you too which then yes you always put in a plug for you and your business) but focus on providing invaluable information; firstly because you will get a longer segment but secondly because then you have something worth recycling.

Once you have that invaluable product it about syndicating it, that is getting it out to as many people, as fast as possible for as long as possible, those who are your target market that is and the best ways to do that is as follows. Step 1 - Get a copy of the coverage and upload it to your website, Step 2 - write a blog post that ties into that so you can direct people to it, Step 3 - send a newsletter out to notify people about the blog post and Step 4 - promote the blog post on social media.

None of these techniques will cost you anything other than your time but the results from this will be invaluable to you and whatever you are promoting (your book, your business etc.) as you have now got 3 lots of exposure for the one piece of content in 4 different mediums some which are short lived but others will allow that marketing to last forever.

Let's look at a quick example of this based on the radio interview I attended yesterday. Scroll down if you would like to listen to any of the 4 segments that the interview ran for, a brief synopsis of each is underneath.

Radio Northern Beaches Segment 1 – 9:09 mins

• The power of the ‘expert in your field’ credibility book – attracts your ideal client to you time and time again while transforming the lives of those who otherwise wouldn’t have heard of you time and time again
• The importance of ‘pre-selling’ your book – selling your book before it exists online via your webstore and getting media attention at the same time
• Current ebook prices + formats – what different prices work for each of the different distribution methods and what different formats work for each of the different reading devices

CLICK TO LISTEN

Radio Northern Beaches Segment 2 – 8:20 mins

• Children’s ebooks – what’s the best process to take for this target market and how to profile your book
• Steps to successfully publish your book – the similarities and differences between the printed and ebook and which stores to use to sell each to keep up to date with the latest technologies
• The importance of marketing – the kind of returns you can expect if you correctly market your book opposed to just distributing it and how your book can be a business in itself

CLICK TO LISTEN

Radio Northern Beaches Segment 3 – 7:35 mins

• What is a publishing retreat – picking The Publishing Queen’s brain about the nitty, gritty of your book and learning how to pre-sell with live results
• Project management for the writing process – how to write a book in less than 7 days and the secrets about how to express getting your book out of you opposed to the myth of creating a polished product overnight
• How to ‘pre-sell’ your book – the 3 ways and what to do with each

CLICK TO LISTEN

Radio Northern Beaches Segment 4 – 7:07 mins

• Why are people currently buying more nonfiction then fiction? – a cheap way to overcome whatever you are currently struggling with paying for a coaching session verses you profiled as the expert they should go to for the coaching when/if they choose to
• How to craft the title of your book – what makes someone pick your book up and how to capture their attention in a few short seconds
• The current highest selling areas

CLICK TO LISTEN

For more information about the Cashflow Positive Book Publishing seminars mentioned throughout click here

For more information on the Pre-sale Accelerator Publishing Retreat mentioned throughout click here

Cashflow Positive Book Publishing

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People keep asking me what exactly is ‘Cashflow Positive Book Publishing’ so I thought I would release an article that explained it in more detail.

Firstly it works best if you are a business owner and you are publishing a book as to get credibility as the expert in your field but wish to use it as a marketing tool on an ongoing basis so you can get paid to market (instead of paying to market) your business at the same time. The strategies will work for any book but at the end of the day a cashflow positive publishing, distribution and marketing process based solely on the sales of a $20 book is never going to be as valuable to you as the ideal $20,000 client it can regularly send your way.

Basically it works like this. Firstly if you publish a book on the same subject matter as your area of expertise (ie. what you do for a living) then all publishing and distribution costs become an instant tax deduction – in other words all sales become pure profit! That may be nice but depending on both the costs of your publishing project (which will vary from book to book based on size of book, printing specs, distribution channels used etc.) and your current available capital there may be a shortfall between the two. This is where Cashflow Positive Book Publishing first comes into play as it shows you how to bridge the gap between the two by financing the production and distribution costs out of someone else’s pocket – that’s right you claim the cost on your tax but someone else pays for it; almost sounds too good to be true! The secret is pre-selling your book (ie. that is selling your book before it is printed, designed or sometimes even written) and to do this you must start with the end in mind and market before you start.

How can you ensure the success of your book before you put pen to paper? Simple market first! If there is not a demand for your book don’t release it as otherwise you will have wasted a lot of time and money only to be left with a garage full of boxes upon boxes of unopened books and wondering what you did wrong. If this is sounding like you don’t stress as one of the best things about Cashflow Positive Book Publishing is you can start doing it at any time and make up for the mistakes of your past ( which only occurred in the first place simply because you didn’t know what you didn’t know before you started) however saying this it is always best to begin cashflow positive marketing before you have even put pen to paper so you don’t get any of the unneeded heartache from any time or money accidently wasted.

There are seven stages in the publishing process and distribution is traditionally the 7th but if you want to publish your book Cashflow Positive start with the end in mind and always do it first. Whether you want to distribute your book yourself, online, in bookstores or a combination of all 3 you can begin preselling your book today and that isn’t even the best part. Throughout the whole publishing and distribution process your book sales won’t only fund the cost of your publishing process for you but they will be turning the 80/20 business rule upside down in the process. You will have heard the expression ‘20% of your clients take up 80% of your time’ (and vice versa) but publishing a book fixes this issue for you too. You can’t control who buys your book but what you can control is how every sale works for you. Those time wasting prospects/clients no longer take up your time with their silly questions as their first point of contact is not to speak to you on the phone or in person (as the credibility that comes from having published a book shows them your hourly rate is too expensive for this) but instead of taking up your valuable time with no intention of buying (or worse purchase your cheapest product/service and then harass you for the next 6 months about how to use it) they pay $20 to purchase your book and read how to do it themselves so you no longer need to be bothered by them.

Better yet (and this is the really juicy part of Cashflow Positive Book Publishing) your ideal client pays the same $20, reads the same book and qualifies themselves as wanting to work with you so then approaches you to begin the process as they have already built a relationship with you through your book and have confirmed you are the only person they want to work with and you haven’t even met them yet. That’s right your ideal client approaching you time and time again excited and ready to begin work with you and you did nothing on an ongoing basis to achieve this. You are now truly getting paid to market (and not paying to market) and that is the icing on the cake of Cashflow Positive Book Publishing. With your ideal client being attracted to you on a regular basis you will never again need to spend money marketing your business but will continue to get paid a $20 spotters fee (instead of from you to someone, from your ideal client to you) time and time again. This is Cashflow Positive Book Publishing at its best but seriously it is just pocket money compared to the dollars these high quality, prequalified prospective clients will bring to your business over the complete period of time you service them for.

To find out more about which no cost marketing techniques need to be applied to begin this process for you, your book and your business today click here for more details on my next Cashflow Positive Book Publishing seminar/webinar.

So you want to publish a book and do not know where to start?

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So you want to publish a book and don’t know where to start?  The good news is this isn’t a problem but means you are completely normal and just like everyone else. How can you possibly know where to start if you are doing something you have never done before and therefore don’t know what you don’t know about it.

As such I decided to write some quick tips to help you out. The key thing you need to know is you must start with the end in mind. In other words line up why you want to publish a book with how you plan to distribute your book and the rest of the process can flow from there.

Why are you publishing a book

I want to fulfil a dream – you must distribute your book yourself as there is no greater way to get satisfaction from publishing books then to be meeting your target market on a regular basis and seeing the changes you book has made in their lives.

I want to earn a passive income – you must distribute your book online as this is the quickest way to get the highest  financial returns with the least amount of ongoing work involved.

I want to gain credibility – you must distribute your book via bookstores as this method only works if media attention is involved and if the media is talking about you and your book so is everyone else.

Where to start for each process

Self Distribution – this only involves your time and you can set it up for free. Organise to speak for free anywhere you target market will be in return for being allowed to sell copies of your book afterwards. You can design and print your own order form to be completed by customers on the day and if you promote your events via social media there will be no marketing costs involved either.

Online Distribution – this has the highest set up costs but the lowest ongoing costs. Start with what you can afford eg. a template (customed designed to match the branding of your book), a content managed website (so you can edit it yourself) and a shopping cart (to automate the selling process for you). You can grow the functionalities of your store from the profits it brings in.

Bookstore Distribution –  this has no set up costs as such but a low returns on investment so it’s a numbers game. You might only get $1-$2 profit per copy of your book sold but if you move 5,000 do you care? The trick to this choice is to take it slow supplying low volumes of your book to stores so they sell out encouraging them to re-order as re-orders have higher volumes then initial purchases and also have lower return rates.

If you would like more information on the other 6 stages of the publishing process and how to create your customised publishing plan to get your from where you are now to where you want to be click here.