Home Wealth Project
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Jan 31st
In 2011 I wrote a few business book reviews based on a couple of Kindle purchases. In addition to the business books, I picked up one of those $.99 Kindle Singles written by John Locke about a savvy CIA assassin named Donovan Creed. I got hooked on his engaging and entertaining stories and before I knew it, I had read through all nine of them and there were no more! (sniff). When I check bed a few months later, at the end of the list of nine was How I Sold a Million Books on Amazon in Five Months.” I picked it up without even thinking about it.
Now that it’s a nominated best business book for 2012, I asked John Locke to share some of his secrets for writing, promoting and selling ebooks.
Ivana Taylor: What was the tipping point that took your novels to the 1 million mark?
John Locke: This is a very difficult question to answer and had you asked it six months ago I would have given you a different response. Back then I would have said it was a combination of the blog posts I’d written, emails I’d answered, Twitter contacts I’d made, and the Amazon sales engine that links similar books and identifies the categories readers search, such as Movers and Shakers, Top 100, and so forth.
But today I have a different answer because, while my last two books were best sellers, neither did as well as my flagship books, Saving Rachel and Wish List. Those books drove my sales into the stratosphere. These days my blog is still effective, I have ten times as many subscribers as I did when Saving Rachel came out, four times as many contacts, and twice as many Twitter followers. And the Amazon sales engine is as effective as ever.
My recent book, Call Me! got no higher than #20 overall. I look around and see other authors setting all sorts of sales records with a first book, and realize there are many roads to the top. But the tipping point to that top level of sales seems to be the book itself. Saving Rachel and Wish List caught the public’s imagination, and the sales were breathtaking.
For an entire month I sold more than 12,000 units a day. At one point Saving Rachel and Wish List were #1 and #2 overall. On my best day I sold 30,000 ebooks. All the marketing methods helped, and the Amazon sales engine was a huge factor. But these days I’m convinced the major factor, or tipping point, is the book itself. Writing that type of book is like catching lightning in a bottle. And when you write one of those, you know it. But everything you write is not going to have that type of effect on the public.
Ivana Taylor: You said, “Don’t let the things you don’t have prevent you from using what you do have.” Do you have an example of this principle in action around marketing your books?
John Locke: Here’s one: I had no formal training as a writer. I never took a writing course, never attended a seminar or workshop. In other words, I had no experience. But I didn’t let that prevent me from using what I did have: imagination, drive, determination. As for marketing, I did have money to spend on ads and so forth, but the money I spent didn’t help. Cost-free marketing is the only type that generated sales for me. So if you don’t have money to invest, don’t let that stop you from using what you do have: enthusiasm, empathy, people skills.
What I’m saying, there’s always a way to compensate for what you don’t have. If I’m not as smart as you, I’ll have to work harder. If another woman is prettier than you, you might have to be more charming. There’s always a way to compensate.
Ivana Taylor: What do you mean when you say you don’t set sales goals, you set project goals. How does that work? What’s a project goal that a small business author might set and how would they track it?
John Locke: I always tell people that goals should be low enough to hit and high enough to matter. A wonderful project goal for a starting author would be to get five, 5-star reviews for his or her book. That’s a significant goal when you’re starting out. Without a specific goal like this, you won’t do the necessary things it takes to achieve it. In other words, if you set a goal to get five 5-star reviews, you’ll be able to create a plan for hitting it. You’ll ask friends to review your book. You’ll read reviews others have gotten and it will dawn on you to contact the reviewers and see if they’ll review your book.
These are simple things, but without the goal, you’ll never draw up the plan. Without the plan, you’ll never take the action.
Ivana Taylor: You say that you should have a quotable quote for each encounter and interview. Why? How does this help your marketing?
John Locke: Quotes are sound bites. People remember sound bites. If you listen to the evening news, it’s all sound bites. When someone tells you about a movie or TV show or comedy act they enjoyed, they’ll quote dialog or jokes, which are nothing more than sound bites. Monday I did an interview and got this quote in: “Wish List is half rocket ship, half roller coaster.” I spoke to the interviewer a full hour, but that’s the comment she remembered. Yesterday I got this quote in:
“It’s amazing how everything comes together when you put the reader first.”
I could have pontificated on the subject for an hour, but people appreciate the economy of words a sound bite offers. I believe authors should set a plan for each interview. In the past three days I’ve done five interviews, and had a specific plan for each. I went to each site and became familiar with the type of interviews they’ve done in the past. I tried to figure out the best way to approach the upcoming interview. I’ve heard authors say they’ve done so many interviews they could do one in their sleep.
Don’t worry, they say, they’re good on their feet, they’ll just wing it. “Just winging it” is another way of saying you didn’t bother to prepare (that’s my sound bite for you!)
Ivana Taylor: This quote was a whack on the side of the head for me, “My work isn’t 10x worse and theirs isn’t 10x better for the price.” How did you set the pricing for your book? What advice would you give other business authors about pricing their book?
John Locke: You should always have a reason for your actions. I set my prices low because I wanted to make buying my books an afterthought. Also, I was writing day and night at the time, so I figured to make volume sales. So those were my reasons for the 99-cent price point. But circumstances change.
On February 1st, Wish List will be available in mass-market paperback in every bookstore and retail outlet in America. I set the price extremely low for a paperback book: $4.99, because I’m trying to get noticed in a new market. But I don’t want to self-compete against my ebooks, so for the first time, I’m raising the prices of my Donovan Creed series.
Am I abandoning my core readers? No. All future Creed books will still debut at 99 cents for a period of time that allows my loyal readers to download them at my “friendship” price of 99 cents. After that, I’ll raise the price so as not to hurt sales of the paperback versions. My Emmett Love and Dani Ripper series will continue to be sold for 99 cents unless the circumstances for those books change. So my advice is to have a reason for your pricing. It can be based on experimenting with different price points, or some other factor that makes sense to you.
John Locke Shares His Strategies for Selling a Million Books on Amazon
View full post on Small Business News, Tips, Advice – Small Business Trends
Dec 2nd
Follow A *real Life* Internet Marketer On The Road To Success. Step-by-step Videos Show You How.
John Thornhill’s Digital Mentorship Monthly.
Nov 30th
Give Me 7 Days And I Will Teach You How To Build A Resale Rights Empire From Scratch That Makes You Money 24 Hours A Day On Complete Autopilot
Resale Rights Blueprint By John Thornhill
Oct 7th
If you’d met John Lawson when he was a teenager, you might have been one of the kids who called him “cheap.” If you rode in his car, he’d ask you for gas money. If you came to a party at his house, he’d charge an entry fee.
“It’s not that I was cheap; I was just enterprising,” he recalls.
It’s that enterprising spirit that landed Lawson on the Small Business Influencer Champion list. These days, he may not be charging for gas money, but he’s still finding ways to make money. Lawson is the founder of the ColderICE.com ecommerce blog, consultant to small businesses on ecommerce, and CEO of urban clothiers 3rd Power Outlet, but he never planned to be the guru of all things ecommerce.
Years ago, Lawson was on the brink of bankruptcy when he had an idea for selling “urban accessories” online. It was a good enough idea to keep him from going bankrupt, and a business that continues to grow today.
The Key to Success
Every small business owner has a different answer when asked what the key to success is, but we all benefit from Lawson’s idea:
“The key to success is patience.”
Patience, persistence and understanding what he wanted all contribute to Lawson’s success as a CEO, keynote speaker and television personality. Business success, he says, is never how you dreamed it, and it never happens overnight. He’s got patience enough for the long haul.
Another factor in Lawson’s motivation is a quote from Wallace Fard Muhammed:
“Big fields are awaiting for the wide-awake man to work out.”
What he takes from this quote is that the world is wide open, and there’s no reason to box yourself into one area. “[This quote] opened my mind to possibilities that I could do things outside of what I had done in the past,” he explains.
Start With a Blank Page
Lawson makes a habit of focusing on the bigger picture of his business, not just the day-to-day operations. The best time to do this? Early in the morning, before his head is cluttered and when he is more conscious. He recommends all business owners do the same thing: Think about what you want out of your business, how you want to market it and where the business should be in a few years.
“Sit down by yourself in a room with pen and paper and just let your brain wander.”
Great advice for all of us.
John was recognized as a Small Business Influencer Champion for 2011. Read more of our Small Business Influencer Champion interviews.
Interview With John Lawson: I Wasn’t Cheap, Just Enterprising
View full post on Small Business News, Tips, Advice – Small Business Trends
Jul 19th
How Much Money Are You Leaving On The Table Because You Do Not Know These Highly Potent Article Marketing Strategies?! Tools: Free Rebrandable Ebook – Add Your Id And Give It Away For Easy Commissions: http://www.articleprofitformula.net/affiliates.htm
John Taylors Article Profit Formula
May 6th
Finally, A Real Life eBay® PowerSeller Reveals The Secrets To Creating Multiple Streams Of Income Using The Viral Power Of eBay®
Auction Profit Streams By John Thornhill
Apr 16th
Discover how a real life eBay® PowerSeller who actually trades on eBay® has legally built a list of over 52,000 subscribers and legally drives 1000s of visitors to his websites using online auctions and the viral power of eBay®.
Auction Traffic Explosion From John Thornhill
Oct 14th
Former Broncos quarterback John Elway and his business partner invested 15 million with hedge fund manager Sean Mueller. It later turned out that Mueller’s company “only had $9.5 million in assets in April and $45 million in liabilities,” despite the fact that 65 people invested $71 million with it over a 10-year period, writes the Denver Post. Here’s more from the Wall St Journal:
According to the filing, Messrs. Elway and Pierce had invested with Mr. Mueller for many years, but met with him in February to discuss setting up a separate fund that would make more conservative investments than the day-trading investments Mr. Mueller primarily pitched.
Messrs. Elway and Pierce then wired millions of dollars to Mr. Mueller in March 2010, “after receiving assurances from Mueller that the New Funds would not be mingled with any other funds … to be held in trust, in their respective names, in an account at Morgan Stanley,” their filing said.
“The New Funds were to be held in a constructive trust … for Intervenors until they determined an agreed upon course of conduct,” the filing said. One month later, Mr. Mueller was accused of running a Ponzi scheme. Messrs. Elway and Pierce said they approached the receiver of Mr. Mueller’s assets with their demands and haven’t received their money. Their motion doesn’t include any written documents on their deal with Mr. Mueller.
I don’t think any of the people who had trusts with Bernie Madoff ever got their money back in a prioritized way. I wonder what motivates people to try.
View full post on Business Pundit
Oct 11th
| The right, he explained, had identified a “sustained conspiracy, running over more… federal government, and to pave the way for socialism or communism.” |
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