HOW TO MAKE MILLIONS FROM WRITING BOOKS

HOW TO MAKE MILLIONS FROM WRITING BOOKS

1. 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.

2. Coaching and 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.

Two things I talk about a lot when it comes to consulting are authority and credibility.

Both of these ideas are crucial to any successful business owner.

3. 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.

4. 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 deliver the content directly to the relevant audience.

5. 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.

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Title : How to make millions from writing books; complete guide

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