How to Go from Broke to Bestseller

When authors discover that they must run their book as a business to make their book a bestseller, there are two usual reactions.

Those who are starting out in the book process, feel ecstatic for getting a heads up and not having to go through lethal mistakes. For those who are already published finding this out for the first time is another story. If you’re like them, you feel stuck.

They tell me, “Okay, I made all these mistakes of not planning ahead, not marketing my book earlier and now I don’t have money to invest in anything else. What do I do?”

If you’re in this boat, you’re probably feeling stressed, frustrated and hopeless. You feel like you’ve tried everything already and now you’re exhausted and desperate. Giving up has become a very tempting option.

Take a deep breath and know that you are not alone. Here are 3 tips to keep you on track on the bestseller path.

1.  Get clear on your BIG WHY. Why are you doing this in the first place? What’s your purpose and intention for putting this book out to the world?

If your sole purpose is to make money, then I suggest its time to switch careers because you will not get rich from book royalties. There are plenty other ways to make big money and its not from book sale profits.

If however you have a big mission and a big vision to transform lives with your work, then get clear with that. Play that dream in your mind’s eye in full color. How important is this to you? How would your life change? Get reconnected and get re-energized so quitting becomes not an option.

 

2. Never let money get in the way. Raise Capital. This is the first next step for you if you really want to put your message out in the world and make big money doing it. Some ways you can raise funds

  • Carve out a marketing budget from your business to allocate for your book project.
  • If you don’t have a marketing budget yet, make one now and start filling it up as money comes in.
  • Get more clients.
  • You may get investors
  • or get a line of credit.
  • Consider using some of your savings.
  • Be creative and put together fund raising activities.
  • A great resource you can explore is KickStarter.com. If you have a great idea and you communicate that message well, then it can spread fast. This site will help you so a large group of people can back you up financially on your project.

 

3. Don’t stop sharing your message. While you’re in the process of raising capital for your book venture, continue taking advantage of the free ways to build your tribe and sharing your message to the world.

Keep on blogging, writing articles, posting on forums, networking on facebook, LinkedIn and twitter, etc. You may not see much result from these immediately. However, once you’ve raised capital for publicity, hiring a support team, coaching, creating a marketing strategy, a bestseller campaign, and so forth, the pay off from these free avenues will come to the surface.

 

What To Do Now: If this post provoked any new thoughts or opinion, please comment below, share the love and click Like!

 

Leave A Reply (10 comments So Far)

  • Diane Majeske

    Trissa, I love to read your blog! You have great ideas and a great attitude. Everytime I get discouraged, it lifts me up!!

  • http://www.AuthorBestseller.com Trissa Tismal

    You just made me smile, Diane! Very nice to hear that I’m able to help you out. You actually just gave me encouragement to keep on putting out useful content. Thank you!

  • http://twitter.com/Vincent_Ang Vincent Ang

    Trissa, this message is so relevant for authors. The bottom line or profits should never be a top priority.

  • http://twitter.com/Vincent_Ang Vincent Ang

    Trissa, thank you for sharing such a powerful and relevant message. I totally agree with you that we have to define our reasons for writing the book, getting the message out and not letting profits or money become the primary focus.

  • http://www.AuthorBestseller.com Trissa Tismal

    @twitter-25204536:disqus its not just about not making profits as the top priority. Making profits is okay, however you will not get that from the revenue of book sales. Have you watched the “Bestseller Insider Secrets” video at http://AuthorBestseller.com/insider-secrets-video ? I illustrate there that there’s no big money from selling books. :)

  • http://www.AuthorBestseller.com Trissa Tismal

    You’re right, because opposite to what most people think, money isn’t really the biggest motivator. You can make money in different ways. But if you have a big purpose as to why you’re writing your book, no matter what gets in the way, even if its money, you wouldn’t let it stop you from getting your message out to as many people as possible. :) Thanks for contributing to the conversation, Vincent!

  • David

    This is awesome advice Trissa!!!!! I am in the very early stages of capturing stories and taking photographs for my “Same Sun” project and this advice/strategy is “right on time”. Thank you so much!!!

  • http://www.AuthorBestseller.com Trissa Tismal

    My pleasure, David! You’re right. This information applies to any kind of purpose driven project. Good luck on your venture and keep us posted! :)

  • Orlando Ramos

    This is a very good post. There are
    choices we need to make as aspiring authors. Everyone wants to get rich but
    writing stories isn’t necessarily the way to do it. You have great advice here.

  • http://www.AuthorBestseller.com Trissa Tismal

    Thanks for joining the discussion, Orlando! Its okay to want to get rich and authors can get rich. It just wouldn’t be from selling books. Its from having a business behind your book and having the mindset that you are the CEO, running your book business. Having capital and funds is vital to a company’s success and hopefully some of the ideas here are helpful to help authors raise those necessary funds to get their book company going.

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