Converting your expertise into a best-selling book is one of the best ways to create a new powerful stream of income. When you follow one of Best Seller Publishing’s seven million-dollar author (MDA) plans, you can start with the end in mind and position your amazing book to make the income and impact you want. Take a look at the strategies below and pick the one that works best for you. With a full commitment to one of our plans, you can use your book to become a million-dollar author.
The Key to All 7 Strategies: Begin With the End in Mind
Before opting for any of our seven strategies, you must know what your end goals are. What do you want from the book? Decide if you are most interested in bringing in speaking engagements? Or are you more focused on drawing in coaching or consulting clients? Pick a main outcome that you want from your book and begin with that in mind.
Royalties, Future Books, and Movies
One common way to make money from your first book is through royalties, future book deals, and movies. All of these are potential opportunities, and if you are interested in them then the marketing and launch of your book are crucial. However, if you want these to be the main ways you are making your money, you must continuously think of new content for new books because each book has a shelf life. This is a great strategy for those who really do want to write and create new content yearly.
Consulting
Writing a book brings authority and credibility to you as a consultant, making it a great platform to attract new clients. If growing a consulting business is your goal, design your book as an expert consultant. It is crucial that you position your book correctly to provide the authority you will need to consult.
Coaching
Coaching similarly requires a reputation of authority and credibility for success. While the delivery for coaching must be different than for consulting, you will still need to create your book with the aim of building a strong reputation in the space you are coaching.
High Ticket Services
Showing your knowledge and expertise in your book can also help you turn around and sell high ticket services. Instead of taking the knowledge you share through your book, some people will prefer to simply hire you for the services you are talking about. For high ticket services, use your book to position yourself as the authority in the space, and additionally to generate leads.
Raising Money
If you have a nonprofit or want to contribute to one, you can use your bestselling book to position yourself as an authority figure and raise money for a cause. The key to raising money from a book is to target a very narrow space and delivering the content directly to the relevant audience.
Speaking Engagements
Speaking works very well in conjunction with all of the other strategies, but also as a stand-alone stream of income to create from your best-selling books. Even someone who is brand-new can successfully become a speaker and earn a large profit. Your book will serve to demonstrate your credibility and generate buzz. When you correctly position your book with other sources of credibility like PR coverage and media, you can use it to earn huge speaking opportunities. Whether paid or unpaid, these speaking engagements put you in front of potential clients.
Products, Courses, Software
If coaching and consulting are not what you are looking to do, you can instead look to sell products, courses, or software from your book. Combining your book with free-shipping funnels is an excellent way to move people from readers to buyers. The books you write serve on the front-end and can attract course sales and a long time, customers.
With the plans above, you can use your bestselling book to become a million-dollar author. Begin with the end in mind and position your book correctly to follow one of the seven strategies to become a million-dollar author. Best Seller Publishing has helped many authors write, publish, and market books and create new streams of income from their books. If you need some help on your journey to become a million-dollar author or want to learn more, sign up for your free discovery session HERE.
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