How To Turn One Book Into A Lifetime Income – Part 3

This entry is part 4 of 3 in the series The Money Funnel:

Right – now you’ve seen how not to do it and how the average (and typically broke) author does it I’ll show you how the wealthy author does it. This approach will guarantee that the more you raise your profile and build your readers and fans, the more money you’ll be able to make for the rest of your life. You’ll see that your relationship – and not your book – is the real source of income from your expertise.

The Right Way: How Wealthy Authors Do Get Wealthy & Why You Don’t Even Need To Sell Millions of Books To Be One Too

Now, here’s how a wealthy author’s Money Funnel will look…

The Wealthy Author Product Pipeline

You’ll notice that as your fans want more of you (including your personal time and attention) the price goes up and the number of people who are willing and able to spend money on it will go down. This means that you can maximise profit and minimise your exposure to delivering time-intensive services by valuing (and pricing) your own time very highly.

The net result of setting things up like this is that you become both rich in cash and rich in time! True wealthy by anyone’s definition.

If you’ve enjoyed this article and want to learn more about the specific kinds of products and services you should offer I recommend you watch these videos from Simon Hazeldine…

This post was written by:

Joe Gregory

Joe Gregory - who has written 27 posts on publishingacademy.com.

Joe Gregory is a marketer, publisher and author. In 2003 he co-wrote "The Gorillas Want Bananas: The Lean Marketing Bible for Small Expert Businesses" and has also co-authored 11 other marketing and publishing books including, "The Amazon Bestseller Plan" and "The Wealthy Author". He runs the non-fiction publisher www.BookShaker.com and is the co-founder of The Publishing Academy

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