How Writing A Book Can Pay Outside Of Book Sales
Putting a book out can be costly whether you’re depending on book sales to collect money for you and your publishing company or striving for an ROI from self-publishing costs. Either way, it takes a lot of work which is why there are other ways to increase revenue other than stressing over individual book sales.
Book sales are extremely important, however, there are other values in writing a book to earn more profit. There’s a larger picture than worrying about counting each copy sale at $23 a pop to balance your P&L.
Look at it this way, you are doing something that’s certainly difficult for a multitude of people to accomplish, therefore, bring a great deal of value to the table. Finishing a book demands discipline, a lot of organizing, time and patience. One may be required to become a hermit and spend a load of time alone instead of going out to play. If you disapprove of turning into a hermit or you’re just too busy to concentrate on a book, hire a ghostwriter as a solution. However you decide to complete the book, it’s successfully completed. Nevertheless, you attain respect from others. With respect comes validation; with validation you become an expert in your field, and being an expert increases your worth.
Here’s how your book can pay outside of book sales:
Attract New Business: Gaining people’s interest in your book can increase sales for current services or products. Listing a published book in your professional bio or business website gain recognition, furthermore, you’re taken more seriously. This will endure a considerable way to have visitors be influenced about other services and elect you over that guy without a book.
Grow Your Brand: Writing a book comes with respect and consequently have an impact on others. With being successful comes bigger opportunities. Along the way of book promoting, you’ll meet other established people or brands that may wish to collaborate. This gives an opportunity to take your career to the next level and open new doors.
Speaking Engagements: Having a successful published book, you become a leading expert in your field and people will pay you to speak at their engagements. Even if it’s not a paid event, mentioning the book while speaking can link those guests to you after the event is done and over with. It draws attention for people to look you up and potentially utilize services and/or buy your book afterwards.
Increased Revenue/Prices: Now that you’re respected by many, became a leading expert in your field, and impressed your clients, you will feel confident enough to increase your pay rate. People will pay for exceptional value, therefore, don’t be afraid to up the ante reasonably and receive what you deserve.
Turn that dream of writing a book into a reality whether you write it yourself or hire a ghostwriter. Keep in mind of the benefits it brings outside of copy sales.
(Subscribe to my blog to learn tips on entrepreneurship, writing books, and more: www.tiffanyrelder/blog )