Author: WaelBadawy
The Business of Publishing
The truth about publishing is really stranger than fiction and the truth is: getting published is only half the battle. The other half is to keep your reality check in balance so it doesn’t bounce.
Congratulations, you’re published! But what exactly does it mean to be “published”? Besides the fact that your work is finally in print and your college alumni has asked to interview you for their newsletter it also means fame and fortune, right? Well, ok, maybe not on the level of J. K. Rowling, but at the very least you can expect a call from Oprah, right? I hate to be the one to break it to you but you’re probably not even on her radar screen. The truth about publishing is really stranger than fiction and the truth is: getting published is only half the battle. The other half is to keep your reality check in balance so it doesn’t bounce.
While publishing is all about creative expression, it’s also about business and it’s those business savvy authors who will succeed in the end. Now you don’t have to be an MBA to be a keen business person, you simply have to understand that the choices you make relative to your books future should be based on strategies that will enhance sales not just drain your pocketbook. So, how do you do this? First, take a long, hard look at your reader.
At Author Marketing Experts, we always create a reader profile for each book we promote. This reader profile will tell us where to find buyers for the books we represent. Taking this first step helps us sort through our choices when it comes to book promotion and make decisions on behalf of our authors that are sound and will help leverage sales.
There are times when it’s a waste of resources to do a nationwide radio or TV promotion. In fact, some of our programs don’t include any outreach to broadcast media. Why? Because as alluring as it might seem to appear on the Today Show, what’s the point if your audience doesn’t watch morning TV? And, if your audience isn’t watching this show, the chances are slim they’ll even consider you anyway. What? More rejection? Who needs it!
As you embark on or continue your campaign, ask yourself a few tough questions. First, what’s your ultimate goal for this book? If it’s just to give away at family reunions, that’s great! But then you’ll probably want to nix any marketing. If your book is an arm of your business and you have speaking engagements lined up through the end of the year. You probably don’t need to spend a lot on marketing since most of your sales will come from your speaking engagements (i.e. back of the room sales). On the other hand, if you wrote this book to grow your business or to leverage your credibility then you will probably want to dial yourself into your industry through enhanced media exposure.
For fiction authors this area becomes a little tricky. First, you need to determine your long term goals. By long term we mean: do you want to stay in this business or was this book just “something you wanted to do.” If it’s a hobby, then treat it as such but if this is going to be your career, then you need to keep your message out there on a continual basis, through venues such as author events, talks, signings, print and broadcast media.
Make sure the choices you make, make sense for your book and aren’t just made because you’ve always dreamt of being on Oprah. I’ve known authors lured into inappropriate marketing plans by big, flashy names and promises of stardom, wasting thousands of valuable marketing dollars and heading in a direction that wasn’t right for them. If you’re serious about your work, ready to let go of your muse and face the task at hand with some business savvy, then you’re really ready to get published. Below are some guidelines that will help further your success!
1) Reader profile: create one of these at the beginning of your marketing campaign and keep refining it as you move through the process. Refine and redefine who and where your audience is and how to get to them.
2) Time commitment: determine what you can and can’t reasonably do. If you have a full time job it probably doesn’t make a lot of sense to commit yourself to forty hours of marketing a week unless your boss is on vacation.
3) Investment: how much are you willing to invest in your future? Are you willing to invest money without seeing much in return knowing that you are building a foundation or do you want to see immediate monetary results? Most authors don’t see a return on their investment for a year or more. Are you committed enough to yourself or your project to keep this investment going?
4) Reality check: what’s realistic for the industry you’re in? Are you latching onto a fad or something with more longevity? Are you getting into a brand new market that will require lots of reader education? Or are you trying to go mainstream with a non-mainstream topic? While this is an admirable goal, it can be like swimming upstream.
5) Budget: while we encourage authors to invest in their future, we’ve also seen a number of people go into heavy debt, quit their jobs and even sell their homes just to promote their book. While that kind of dedication is certainly admirable, remember that although you have the potential to make a great deal of money it’s not going to be overnight. The lure here is of course that “If I stick with it, this next sale will make me famous.” Well, maybe or maybe not. If you’ve been plugging away for a while without any significant success get a professional to give you some honest, constructive feedback about your plan, your market, and your book. It might be that a poorly designed cover is the reason you’re not making sales, or a topic that’s fallen off of the public’s radar screen. In the meantime as you’re waiting to hit the big time you’ll still need a place to sleep and Uncle Vinnie’s couch will get old real quick.
6) Burnout: we hear this term often, even to the point of being overused. What we’re really talking about here is author burnout. We’ve found that the average author only markets their book for ninety days. That means ninety days of day and night marketing, radio interviews at 3am and a book signing every weekend. On day ninety-one they are so tired, so discouraged and so broke they quit. You can avoid this by giving yourself realistic goals and a realistic timeframe in which to complete them. There’s nothing in the world like seeing your book in print. If approached realistically, objectively and with sound business sense, it can be one of the most exciting times in your life.
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The five toxic ingredients to your business success
The five toxic ingredients to your business success are the top 5 elements that existed in your business and you should be able to watch or fix.
Ingredient #5 Miss guided arrow.
The miss guided arrow results of not having a vivid vision for your business. There is no actionable plan for everyday activities.
It always results from the lack of execution plan towards a Target.
Ingredient #4 Ineffective networking:
Networking is the number method to get prospects and convert them into clients. Goal number one of networking is making $ through selling more. You hang around the wrong crowd.
Ingredient #3 Bad follow up:
Follow up is the most effective way to either sell more or adjust your business to sell more. Businesses usually overlook following up with their current client and then Fail to follow up with your current customers to bring new prospects.
Ingredient #2: Wrong focus:
Businesses (either production or service or consultation) have three main sections or areas:
1- Production: which which is the process of fulfil your clients request. The process of producing the final product to deliver to your clients.
2- Operation: which is the process of producing what you sell. it is how to run your business.
3- Sales and Marketing: which is the process of getting news orders, client or customers.
We always Focus on the wrong part of the business. The area which we feel better happy and within out zone of comfort.
#1 You:
Your biggest challenge in your business is “You”.
You are stubborn, you do not accept advices, you repeat the same mistake.
You are not open to change when it is not working.
If you would like to discuss this post, please email me badawy@badawy.ca
20 Questions to ask Before Starting a business
So you’ve got what it takes to be an entrepreneur? Now, ask yourself these 20 questions to make sure you’re thinking about the right key business decisions:
- Why am I starting a business?
- What kind of business do I want?
- Who is my ideal customer?
- What products or services will my business provide?
- Am I prepared to spend the time and money needed to get my business started?
- What differentiates my business idea and the products or services I will provide from others in the market?
- Where will my business be located?
- How many employees will I need?
- What types of suppliers do I need?
- How much money do I need to get started?
- Will I need to get a loan?
- How soon will it take before my products or services are available?
- How long do I have until I start making a profit?
- Who is my competition?
- How will I price my product compared to my competition?
- How will I set up the legal structure of my business?
- What taxes do I need to pay?
- What kind of insurance do I need?
- How will I manage my business?
- How will I advertise my business?
Webmasters Improve Your Adsense Earnings, Monetize Income
Webmasters who have been there and done it have quite some useful tips to help those who would want to venture into this field. Some of these tips have boosted quite a lot of earnings in the past and is continuously doing so.
If webmasters want to monetize their websites, the great way to do it is through Adsense. There are lots of webmasters struggling hard to earn some good money a day through their sites. But then some of the ìgeniusesî of them are enjoying hundreds of dollars a day from Adsense ads on their websites. What makes these webmasters different from the other kind is that they are different and they think out of the box.
Here are some 5 proven ways on how best to improve your Adsense earnings.
1. Concentrating on one format of Adsense ad. The one format that worked well for the majority is the Large Rectangle (336X280). This same format have the tendency to result in higher CTR, or the click-through rates. Why choose this format out of the many you can use? Basically because the ads will look like normal web links, and people, being used to clicking on them, click these types of links. They may or may not know they are clicking on your Adsense but as long as there are clicks, then it will all be for your advantage.
2. Create a custom palette for your ads. Choose a color that will go well with the background of your site. If your site has a white background, try to use white as the color of your ad border and background. The idea to patterning the colors is to make the Adsense look like it is part of the web pages. Again, This will result to more clicks from people visiting your site.
3. Remove the Adsense from the bottom pages of your site and put them at the top. Do not try to hide your Adsense. Put them in the place where people can see them quickly. You will be amazed how the difference between Adsense locations can make when you see your earnings.
4. Maintain links to relevant websites. If you think some sites are better off than the others, put your ads there and try to maintaining and managing them. If there is already lots of Adsense put into that certain site, put yours on top of all of them. That way visitor will see your ads first upon browsing into that site.
5. Try to automate the insertion of your Adsense code into the webpages using SSI (or server side included). Ask your web administrator if your server supports SSI or not. How do you do it? Just save your Adsense code in a text file, save it as ìadsense textî, and upload it to the root directory of the web server. Then using SSI, call the code on other pages. This tip is a time saver especially for those who are using automatic page generators to generate pages on their website.
These are some of the tips that have worked well for some who want to generate hundreds and even thousands on their websites. It is important to know though that ads are displayed because it fits the interest of the people viewing them. So focusing on a specific topic should be your primary purpose because the displays will be especially targeted on a topic that persons will be viewing already.
Note also that there are many other Adsense sharing the same topic as you. It is best to think of making a good ad that will be somewhat different and unique than the ones already done. Every clickthrough that visitors make is a point for you so make every click count by making your Adsense something that people will definitely click on.
Tips given by those who have boosted their earnings are just guidelines they want to share with others. If they have somehow worked wonders to some, maybe it can work wonders for you too. Try them out into your ads and see the result it will bring.
If others have done it, there is nothing wrong trying it out for yourself.
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Submitting Your Manuscript: Getting Started
I am often asked “Do you know of a publisher who would be interested in my book?” There’s no easy way to answer this question. You see, according to the PMA Newsletter, there are over 86,000 publishers in existence (https://parapub.com/statistics). It would be impossible to know what each one is looking for at any given time. However you do know that you’re not going to submit your manuscript or book proposal to 86,000 publishers. It would be a waste of your time and money. To improve your chances in the submission process, you have to do your homework. Here are a few tips so your research will be most effective:
Publishing Houses: Get the Facts
Can you submit your manuscript to more than one place at a time? Depends on where you’re sending it. Unfortunately, each publishing house has its own set of rules for reviewing a manuscript that will have multiple submissions. You have to find out what those rules are. You can check out the 2006 Writer’s Market, published by Writer’s Digest. It’s an excellent source for publisher’s guidelines. So is the website, Literary Marketplace.
While reviewing these resources you should also note what kind of material the company publishes and what kinds of manuscripts and proposals they would like to see. Another way to get more specific information on this topic is to go to your local bookstore and look at books similar to yours. Note the publisher as well as the agent and editor who handled the book (they’re usually mentioned in the acknowledgments). Granted, a publisher might turn your manuscript down if they feel they’ve “been there, done that”, but on the other hand if the company has had success with the subject matter they may be scouring the landscape to find more of the same!
Looking for an Agent
Your research may tell you that the publishers who seem right for you don’t accept unsolicited manuscripts. That means you’ll need an agent so you’ll have to start your submission process with literary agencies. If that’s the case, the 2006 Guide to Literary Agents is a great place to begin your search. Writer’s Digest publishes this hefty tome listing more than 600 non-fee charging agents.
All of the agents listed in the guide adhere to the ethical guides established by the Association of Author’s Representatives (AAR). Members of AAR are forbidden from charging fees. So in one book you get the security of knowing the agent you’re dealing with is on the level, plus you get a full understanding of what material the agent represents. That means you won’t be sending your manuscript out on a fruitless–and costly mission.
Manuscript Mechanics
Don’t get too caught up in the specifics of what your manuscript should look like. Your research will tell you if the agent or publisher wants your manuscript a certain way, but for the most part as long as it’s double-spaced and printed with a clear, easy-to-read 12-point font such as Courier or Arial you should be fine. Put your name, book title and page numbers on each page and–this is key–don’t staple anything. Leaving the pages loose make it easy for the recipient to make copies. This is necessary because usually more than one person will be reading your work.
One note: These days more and more agencies and publishing houses are accepting electronic submissions. Find out if this is the case for your targets. You can save yourself some money and a trip to the post office!
The Entrepreneurial Mindset
Banish all fear. I know that’s easier said than done, but look at it this way. If writing is something you really want to do, then manuscript submissions will become a regular part of your life. You don’t want to go through your days and nights in a constant state of submission angst! It makes me feel tired just to think of what that would be like!
Instead put yourself in the mindset of being a writer and a businessperson. Your writing is your product. You will put out the best product possible. Know that the bulk of your rejections will have nothing to do with the quality of your product so don’t take it personally. You move on to the next prospect with the same positive attitude that the next one may be the right one. Know that writing is part of your work. Being afraid isn’t.
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Will I make money online?
This is the number one question people ask when they are looking for profits on the internet. Will I make money online? 95% of the people who start to look for ways to make money online fail eventually. The classic story is – start looking for information then a flood of misleading information hits you and you drown. You will try this then try that but fail at all of them and soon you will quit. Just to find yourself in that old crumpy day job you wanted to run away from to begin with. Today I will try to stop this and do a little mind arranging and show you one door to success.
I am not intending to prattle here and waist your time, lets get directly to the point. Making money online is actually based on one simple very basic formula:
Find a hungry crowd-> Find what they want -> Give it to them
Thatís it there you have it, in a nut shell the whole internet marketing big philosophy purified in one short sentence.
OK, you think to yourself this is real nice but how do I manage all this? I will give you one way, among endless ways, to your success today. But before that you must remember the most important thing in internet marketing: What ever it is you choose to do, keep doing it and doing it and doing it. Do not jump from one program to another program, failing them all. Choose one path and keep moving forward, for this is the only way you will ever, manage to make money online.
Now letís break the formula into few basic steps you can start performing today.
Find a hungry crowed
You must find what people are searching for to be able to supply it. This is the ìWhat should I sell online?î question everyone asks. Technically you can use search engines and find popular search terms ñ but remember to look for something people want but not too popular. Another way is using any free keyword suggestion tool, simply look for these exact words, to find what people are looking for online.
Find what they want
Now you now what people are looking for but what will you give them? Letís say that you have found that people are looking for solution to some medical problem, you can give them information on how to solve their problem or products: pills, instruments, etc.
One more sample: if they are looking for ways to keep their dog from barking, give them a book which tells them exactly how they should train their dog. Finding what they want is all about finding specific solution to a certain problem.
Give it to them
Now you think: I have to look for what people need, find out what can solve their problem and then give it to them. But how will I find it? I donít have it at home, or at my car. Should I start create solutions? Writing a book? Build a real sophisticated machine? No you donít!!! This part is actually taken care for you, along with the entire customer handling.
The answer is Affiliates programs. They are free to join. And you will find almost any thing you can think of. They take care of creating, shipping, and customer support for you. All you need is to bring home the hungry crowd in because dinner is already served!
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10 steps must do, to start your business
Starting a business is exciting—but also demanding. This how to start a business guide addresses some of the most common startup steps to ensure that your company is ready for success.
Prepare a business plan and materials
1. An important first step is preparing a business plan to define your business, products and services, and outline your goals, operating procedures and competition. If your company needs funding from a traditional loan or venture capitalists, a business plan will be required. Make sure your plan includes a marketing approach, so people are aware of what you’re selling and how to find you.
2. Create a business logo, cards and stationery. These items establish your company’s identity and help potential customers find and remember you.
Meet legal requirements
3. Of course, incorporating your business or forming a company with a province or state is important because it protects your personal assets from business debts and liabilities. Other benefits of forming a corporation are tax advantages and greater credibility with customers, vendors and business partners.
4. Select an accountant and attorney. Many small business owners seek advice from accountants and attorneys. As you search for an accountant and attorney, get referrals from friends or family, and look for professionals who have worked with other small business owners or companies in your specific industry.
5. Get necessary tax identification numbers, licenses and permits. A federal tax registration is required for corporations that will have employees. Also keep in mind that most businesses need licenses and/or permits to operate—in your city, municipality, county and/or state.
6. Insure your business and investigate other requirements. Some industries have specific insurance requirements. Discuss your needs with your insurance agent to get the right type and amount of insurance. Remember to look into any other government tax and insurance requirements that might apply to your business, particularly if you have employees. For example:
Unemployment insurance
Workers’ compensation
Federal tax
Self-employment tax
Payroll tax requirements
Sales and use tax
Prepare yourself financially
7. It is crucial to separate business finances from personal ones, so open a business bank account. Most banks require company details, such as formation date, business type, and owner names and addresses. If your business is not incorporated, most banks will require a DBA (doing business as or fictitious business name). Contact your bank about requirements prior to opening an account.
8. Arrange your business accounting and apply for loans. You may want to use an accountant, or handle finances yourself with a small business accounting solution. Either way, properly account for all business disbursements, payments received, invoices, accounts receivable/accounts payable, etc. And if you don’t have enough capital to start a business, this is also the time to seek funding from banks or through Small Business Administration (SBA) loan programs.
9. Establish a business line of credit. This will help reduce the number of times your company prepays for purchased products and services. It also helps establish a strong credit history, which is helpful for vendor and supplier relationships. Getting a Dun & Bradstreet (D&B) DUNS (or D-U-N-S) number for your business is advisable, as it is often used to check business creditworthiness.
10. Ready your workspace. For home-based businesses, ensure you are meeting city zoning requirements for your area. For non home-based businesses, you’ll likely need to lease office space. Don’t forget to purchase or lease furniture and office equipment to get your business up and running.
Seven Secrets of Writing a Book That Sells
Ensuring the success of a book is something even the biggest publishers have never been able to guarantee. Mitigating circumstances, flash trends, and world events will all affect buyer preferences. That said, there are still ways to leverage the sales-factor in your favor and here’s how you do it.
It’s one thing to write a book, it’s an entirely different thing to write one that’s a saleable, viable, marketable product. Ensuring the success of a book is something even the biggest publishers have never been able to guarantee. Mitigating circumstances, flash trends, and world events will all affect buyer preferences. That said, there are still ways to leverage the sales-factor in your favor and here’s how you do it.
1. Know your readers. We’re not just talking about whether your readers are male or female. You’ll want to know myriad factors about your audience. How old are your readers (age range)? Are readers married, single, or divorced? Where do your readers live (generally)? What do your readers do for a living? What other books/publications do they read? Develop a profile that includes where they shop, what clubs they belong to, etc.
These elements will help you incorporate these aspects into your book *and* help you unearth salient marketing opportunities (i.e., publications and stores).
2. Know your market. What’s the market like for your book? Is there a trend out there you’re positioning yourself toward? Are you reading all the publications related to this topic/trend? Are there any “holes” out there your book could fill? What’s the future for this market/topic? For example, let’s say you’re a fiction writer looking to publish chick lit. Go to any bookstore and you can’t help but spot the cutsie, pink, cartoonish covers. Many thought this trend was dying out, but it has recently seen another surge. What do you know about trends related to your book/topic/audience?
3. Similar books. What else has been published on your topic? Have you read all ten books in your category? If you haven’t, you should. You’ll want to know everything you can about what’s out there and how it’s being perceived in the marketplace. It’s never a problem having a similar topic. When I published No More Rejections – Get Published Today, I knew there were other books out there on marketing. I read them all–then angled my book differently.
4. Getting and staying current. What’s going on in your industry today? What are some hot buttons? What are people looking for? What’s next on the horizon for this topic/audience? If you can’t seem to gather this information through traditional channels, why not survey your target audience? There are a number of places to run free surveys, Survey Monkey is one of them: https://www.surveymonkey.com
5. Follow the media. What’s the media talking about these days? Keep track of media buzz–what they’re paying attention to and what they’re writing about. Delve beyond the front page of your paper to the second or third page and see what’s filling the pages. If you can get your hands on out-of-state papers, do a comparative review. Do you see a trend in coverage? Is there something that seems to be getting more buzz even if it’s on page six?
6. Talk, teach, listen. One of the best ways I’ve found to get in touch with my audience was to teach a class and do speaking engagements. When I was putting together my book, Get Published Today, I found that the classes I taught provided valuable information for creating a great book because they put me directly in touch with my audience!
7. Timing is everything. When do you plan to release your tome? Are you releasing around a holiday or anniversary? Could you take advantage of any upcoming event and/or holiday for your book launch?
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Simple Steps Lead To Successful Books
Like most first time authors, I figured that once the word was out that I’d written a book, the world would beat a path to my door wanting to buy it. I’ll admit I gave little thought to marketing until the day my first printing of Handbook To A Happier Life was delivered. In a panic, I called a published author I knew and asked, “What do I do now?” She suggested several books about book marketing, which I bought immediately. I was on my way.
Success in book selling is a three step process: 1. Write the book. 2. Print the book. 3. Sell the book. That last one can be bit tricky:-)
Space does not permit me to go into all the details of my process or to list the many people who helped, however, there are a couple of very important points I learned early on which made all the difference.
The most important thing I learned was to identify my reader. As much as I hated to admit it, not everyone would buy my book. My early feedback told me entrepreneurs, network marketers and salespeople were buying my book. I began to ask myself focused questions as to how I could best reach these people. I set goals. After all, if you don’t have a goal, how will you know when you’ve succeeded? I took specific actions daily. That’s important. Consistent action will make all the difference.
There were days when I was ready to give up but I kept taking action. I refused to give up. Another important point. Never, never, never give up! One day, a door opened. I had located a distributor who was selling to the market I wanted to reach. They reviewed “Handbook To A Happier Life” and it was put on a recommended reading list. It went into eight printings with almost 100,000 copies sold and was translated into several languages, and then sold to a big publisher. I knew all along that once people saw this book, they would want to read it.
I firmly believe most books will sell once you have taken the time to clearly define your market, set your goals and commit to taking daily action. And more action – keeping in mind that there are many places you can sell books besides bookstores. Go for it!
The Best Business Card You Ever Had
“Keep in mind Jim, this is a great business card.” That was my first lesson as a new author and it has served me well over the years. On a lark, I sent 20 copies of my new book to the presidents of several big direct sales companies. The result was a glowing testimonial from the president of one of the companies, along with an order for 250 books. Was it worth the cost of giving away the 20? You bet it was! I like to think of giving away books as planting seeds. You never know which ones will spout or when.
Many professional speakers and coaches willingly give away their $12 paperback book (with a cost of a $2-$4) and attract clients and bookings worth thousands of dollars from it. Others obtain high priced consulting contracts using the book as a door opener.
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