No, it’s not about book sales!
“There comes a point in your life when you need to stop reading other people’s books and write a book.”– Albert Einstein
There’s a point of time when every aspiring author wants to make a living out of writing a book. It might not always be your motivation, but there’s definitely a moment the thought crosses your mind.
In this article we will share with you:
- Why most people do not make a decent living from book sales
- #1 reason to become an author
- Key benefits of writing a book
Well, here’s a reality check!
Many people don’t make a lot of money with their book sales on Amazon; the chances are that you might not even be in the 1% people that actually do — at least in the early stages of the writing career.
But more importantly, what you need to know is that there are more profitable ways to make an ROI on your book.
According to a recent study by the Authors Guild, the income of full-time authors dropped by 30%. To crunch quick numbers for you, a traditional publishing model works on paying you 3-5% of the book sales.
Assuming your book sells at $20 and you are getting the best deal ever (5%) which will leave you with $1 per book sold.
So even if you are content with living off $2,000 per month, that means you need to sell at least 24,000 books annually just so you can live like you were living when you were in your early twenties!
So, it’s safe to say that book sales should NOT be your primary motivation for writing a book.
Then why should you even bother writing a book?
Because there are many reasons why you should write a book and even more ways on how you can get 10X on your investment, the most important reason for writing a book is.
Author = Authority– Moustafa Hamwi
Yes you might think there are too many “Authorities”, your topic is not really new, and it does not matter! Your angle and the way you communicate it is what is new.
And the way you service your market niche through your book is what will make you stand out from the self-proclaimed authority.
Key Benefits of Publishing a Book
Let’s face it, who does not want to be THE go-to authority in their field?
After all, my belief is, do it with passion or don’t do it at all. If you are not really playing your A-Game, why are you even doing what you do? Think about it, how many people in your field have published books?
Mohanad Alwadiya, dubbed as the Wolf of Real Estate, had an impressive several million followers on social media. After publishing his book, people start referring to him as the author of the only book at that time on real estate investing in the UAE. To an extent, the content of his book became as the teaching manual to certify real estate agents!
Even more, Google recognizes this authority level in a way money cannot buy, and no amount of SEO can resolve, also did you know that Amazon is the world’s 3rd largest search engine only after Google and YouTube!
All you had to do was type her name on google to see how many people with a similar name appear! Now type her name, and you will get a knowledge panel with her name, which is a position on the right side of search results which money cannot buy!
Launching Your Business
Be it speaking, coaching, or consulting. Becoming a highly paid speaker is the holy grail for all people who have a message to share.
And if you ever thought about it, the world’s most legendary speakers & coaches like Tony Robbins and Jack Canfield have more than one book to their name. Some of them like Brian Tracy and Dr. Marshall Goldsmith have in excess of 30 books.
So if you are ever dreaming of becoming an international speaker the best way to do it is to become an international author like Nilam Shah did with her book “Weighed Down” which she used to launch a very successful speaking & coaching career.
Attracting clients you like
If you are looking for a steady flow of quality leads — the kind of clients that you like rather than ones who drain you — a book is the best lead generation tool.
The book can also help educate them on your methodologies which means they become much easier to work with which is what Pegah Gol did with her book “The Formula”, her book hit Amazon #1 bestseller within 24 hours from its launch. She uses it to attract clients that understand the value of her services. That makes her one of the most-in-demand job finding experts.
Sharing your story and leaving a legacy
Do you have a story that you believe will inspire others, a message to share with the world, or a want to leave a legacy for future generations?
Writing a book is the best way to do that. Leaving such a legacy can be of loved ones who might not be with us anymore. To this, we always feel inspired by sharing the story of Noreen Nasralla. A lady who wanted to honour the memory of her father Abdin Nasralla. Who was a hospitality legend in Dubai. After his passing, she collected notes he had left about how to excel in the hospitality industry. We helped her publish “Passionate Hoteliers” which hit Amazon #1 bestseller list within 24 hours from its launch and with this she honoured his legacy twice!
If you are looking for an efficient way to share your story, you may want to consider being part of a Co-Authored book with passionate fellow experts. It just involves a fraction of work and a fraction of the investment, but still comes with all the perks.
We recently launched one of the world’s best-known anthology books series (an anthology book is a collection of works by a variety of authors, which is organized around a particular theme). The project is called PASSIONATE EXPERTS…where The World’s Most Passionate Entrepreneurs & Professionals Reveal The Secrets Behind Success In The New World of Business, Health, Wealth & Lifestyle.
In short, whichever way you look at it, books get attention and attention gives you the power to grow your business and increase your impact.
Hope you are inspired enough to take action towards writing your book. So if you want to learn a simple 5 step process to write & publish your book, download our Blueprint To Become An International Author.
And if you feel that procrastination got the best of you so far, don’t worry, just read on and find out the ways you can overcome procrastination and finish your book.