itt 232 jane duncan rodgers smaller - ITT 232 - Book to 6-Figure Business With Jane Duncan Rodgers

Jane Duncan Rogers is an accomplished author, entrepreneur, and award-winning Life and Death coach. She is passionate about creating a world where dying, death, and grief are considered a natural, normal, and nourishing part of the conversation, with end-of-life plans becoming as commonplace as birth plans. 


In today's conversation, we dive into Jane's journey from a self-published book to a thriving 6-figure business. We explore her experiences in the longevity space, her personal memoir, "Gifted by Grief," and the birth of her company, Before I Go Solutions. Jane shares her insights on end of life planning, the importance of leaving a legacy, and the training she offers for individuals interested in becoming end of life plan facilitators.

I hope you enjoy today's conversation, and if you do, please share this interview with others, and leave a review on iTunes, Spotify, or wherever else you're listening to this.

In this broadcast, Jane Duncan Rodgers and I talk about (timestamps):

[00:00:00] Introduction to Jane Duncan Rogers and the story of how she wrote and published her book “Gifted by Grief”.

[00:03:58] How her passion project educating people on end of life planning became her company “Before I Go Solutions”.

[00:08:04] On developing her legacy through courses, facilitator training, workbooks etc.

[00:11:12] Who is Jane’s clientele and how she defined the market for her business?

[00:16:03] Jane talks about what the End of Life Program is like and some of the unexpected planning and decision-making people might not know about.

[00:21:21] Jane talks about the future of the end of life market, as well as her plans for the future, both in business and writing.

[00:25:57] Where to get in touch with Jane Duncan Rogers - to learn more, get her books or work with her.

In The Trenches with Tom Morkes on YouTube:

Get the Latest Broadcasts of In The Trenches on Your Favorite Podcast Platform:

Subscribe to In The Trenches on iTunes

Listen to In The Trenches on Spotify

Get your weekly dose of In The Trenches on Google Play (Now YouTube Music)

How You Can Support In The Trenches

Did you enjoy today's broadcast of In The Trenches? Please click here to leave an honest rating and review on iTunes. Your review helps me spread the word of this podcast, which allows me to line up amazing guests and continue to produce this podcast ad-free. Thanks so much in advance for your support.

in the trenches EP 208 - ITT 208 - How to Outsource Your Book and Become a Wall Street Journal Bestseller with Alinka Rutkowska

Alinka Rutkowska is a USA Today best-selling author, a Wall Street Journal best-selling author and a top 100 Amazon best-selling author in business and money. She’s sold more than 100,000 copies of her books and her book creation process has been showcased in Entrepreneur magazine. She’s also the CEO of Leaders Press, where she turns entrepreneurs' book ideas into best-selling books. She has launched all its titles to best-seller status.

On today’s episode, I sit down with Alinka Rutkowska to talk about two things. The first is how to outsource your book and what that process looks like. The second is Alinka’s best tips on how to hit the Wall Street Journal bestseller list.

During this conversation, we kind of break down her strategy for those two things with what worked and what didn’t. She will be sharing some practical and hopefully pragmatic tips on what you could do to implement for your own launch, regardless if you are shooting for a best seller list.

In this broadcast, Alinka and I talk about:

In The Trenches with Tom Morkes on YouTube:

How to Connect with Alinka:

Get the Latest Broadcasts of In The Trenches on Your Favorite Podcast Platform:

Subscribe to In The Trenches on iTunes

Listen to In The Trenches on Spotify

Get your weekly dose of In The Trenches on Google Play

How You Can Support In The Trenches

Did you enjoy today's broadcast of In The Trenches? Please click here to leave an honest rating and review on iTunes. Your review helps me spread the word of this podcast, which allows me to line up amazing guests and continue to produce this podcast ad-free. Thanks so much in advance for your support.

About a month ago, I undertook a new home project renovation:

-> Update the closet near the front hall.

I wish I had a 'before the project began' picture (note to self: do this from now on), but in a nutshell: it was an empty closet with a coat hanger and a wobbly top shelf.

We basically used it as a transitory drop off point for things we didn't want on the floor but weren't ready to bring up to the attic (or things that fell into the 'do we throw this away now or later?' category).

Bottom line: Not a great use of space.

So I got cracking.

Here's the midway point and the "after" point (the real before picture would just be a pile of nothing in there):

content before and after closet - Information is overrated (and how people actually learn)

I still have to stain the wood seat, fill in some cracks, do a final paint touch up, but it's basically there.

This was a great project for a few reasons:

1. We probably quadrupled our storage space with this improvement, which is a big win because Blaise has way too much playdoh and we need a place to keep it.​

2. We now have a new, beautiful space in our house where none existed before. You can just feel it - the energy has changed around this area. 

I know that sounds nuts, but it's true. 

That's because beauty has a physiological impact on the body. When you surround yourself with beauty, you will feel better, more energetic, and more connected to the world you live in. Fact.

3. My woodworking and carpentry skills have gotten substantially better. 

When I first started getting into woodworking and carpentry, every piece of wood I cut or manhandled looked amateur (obviously). Now, my cuts are cleaner; I'm more precise; I see how things fit together better and I can plan multiple steps ahead much more efficiently than before. 

Point is, my skills are growing each day, and I'm ready to move onto more advanced projects, to continue to improve and beautify our space.

But most importantly, I discovered this:

You learn with your hands, not your mind.

You can read every blog post, watch every YouTube video, subscribe to every magazine, and buy every book you want to learn ABOUT a subject...

But you don't learn unless your hands move.

Until you start implementing; until you put saw to wood, pen to paper, phone to ear - until you put your gloves on and enter the arena - you don't actually know anything. 

You just know OF it, and that's not the same thing.

Here's where I'm going with this:

Entrepreneurs, authors, and creators ask me for help all the time.

I get dozens to hundreds of emails every week, and within these messages I noticed a pattern (not for every email or every person, but for many).

What people think they need is the insight.

The idea.

The "hack" that's going to turn everything around for them...

Unfortunately, more of these things won't make a difference.

Even if you could connect your brain to a machine to give you all the information in the world, you wouldn't end up like Neo, karate-chopping British clones like a boss.

It's more likely you'd end up like Bran Stark from Game of Thrones, with all the information of the ages and the ability to soar to great heights and look at everyone and everything through the lens of a bird...

...but when you wake up, you're still just a dude sitting in a wheelchair by a tree, next to a eunuch who recently tried to kill your whole family.

People say we're in the "Information Age" - as if information is the Holy Grail that defines this generation and the next (true story, I believed the hype for the last decade, now I'm over it).

I say let's forget that nonsense.

Let's change things up.

If we're going to title this time period anything, let's at least name it something useful, like the "Creators Age."

Why?

Because the only thing that matters is output.

What have you done?

What are you doing?

What's next?

These aren't questions you answer with an idea; you answer them with your hands, with your sweat, and with the work you put in, each and every day, even if you don't see the payoff for months or years to come.

in the trenches EP 180 - ITT 180 - Meaningful Writing, Meaningful Work, and Living a Meaningful Life with Gregory Diehl

Gregory Diehl has always understood the importance of universal ideals. Though he was raised in California, he soon embarked on a journey of global quest for learning, self-discovery, entrepreneurship, and inquiry. Since then, Gregory has lived and worked in 48 countries and continues to use his experiences to help others along the path of self-fulfillment through exploration. Gregory is the author of two Amazon bestsellers: Brand Identity Breakthrough and Travel as Transformation. His podcast, Uncomfortable Conversations with Gregory, taps into the core of people’s conceptions of self. He helps entrepreneurs prepare complex value messages across many mediums, and offers unconventional lifestyle coaching and brand identity consultancy for impassioned individuals.

I brought Gregory on today because he’s working on two new books, both of which I thought would be interesting to touch on. During this episode, we talk about writing and publishing and how to create meaningful books with meaningful ideas. Our conversation ends up going in the direction of meaning and how to live a meaningful life. My big takeaway from today’s conversation is that we all need principles and values to live by. We cannot navigate this world without a set of principles that guide us in the direction we want to go.

In this broadcast, Gregory and I talk about:

In The Trenches with Tom Morkes on YouTube:

How to Connect with Gregory:

Get the Latest Broadcasts of In The Trenches

Subscribe to In The Trenches on iTunes

How You Can Support In The Trenches

Did you enjoy today's broadcast of In The Trenches? Please click here to leave an honest rating and review on iTunes. Your review helps me spread the word of this podcast, which allows me to line up amazing guests and continue to produce this podcast ad-free. Thanks so much in advance for your support.


Get the Latest Broadcasts of In The Trenches

Subscribe to In The Trenches on iTunes

How You Can Support In The Trenches

Did you enjoy today's broadcast of In The Trenches? Please click here to leave an honest rating and review on iTunes. Your review helps me spread the word of this podcast, which allows me to line up amazing guests and continue to produce this podcast ad-free. Thanks so much in advance for your support.

The way we market and sell online is changing.

There are more people online than ever before, spending more money than ever before on things that give them a leg up in the world. That means more money going to ebooks, ecourses, and other forms of online education; coaching, consulting, and advisory services; software solutions, and high quality implementors (engineers, designers, etc.).

This growth comes with a price: more noise (aka competing offers other than your own that are targeting the same market).

And things are only going to heat up over the next 3 to 5 years.

Question is:

Are you positioning yourself and your business in such a way that you can profit from these changes over the next decade?

Not sure? No sweat.

I explain how it all works in this video:


(p.s. did you know you can subscribe to my youtube channel here?)

In this video, I'll show you how to make a profit from digital products during these changin' times.

Things I cover:

Things I mention in the video:

Additional resources and references:

LEAVE A COMMENT

What’s your “niche” or long tail space / area / topic? Have you considered going deeper / more narrow? Why or why not?

Wow, so it's been a long time coming, but Collaborate: The Modern Playbook for Leading a Small Team to Create, Market, and Sell Digital Products Online is almost finished!

Today, I want to share some of my lessons learned (the good, the bad, and the ugly) from writing this book...

But first, a bit of background:

I started this project a year ago this month. I actually ran the Publishizer.com crowdfunding campaign in November and doubled my funding goal by early December, 2015. To be honest, with my small audience of about 1,500 subscribers, I wasn't sure I'd be able to hit my goal...but somehow we made it happen (thank you to all my early adopters - couldn't have done it without you).

The problem with crowdfunding campaigns, though...especially successful ones...is that you now have to make good on the promise.

While the campaign was hard work, writing and creating a book worth reading was the REAL hard work (young Tom would later come to find out).

And now, what started as just an idea about 360 days ago, has finally become a 352 page, beautifully designed and formatted book published by Insurgent Publishing, and is almost ready for hardcover printing and distribution.

Here's a mockup of what the hardcover will look like when it gets into your sweet little hands in January, 2016:

br-lazy"

To say I'm thrilled to see this come together is an understatement.

And I couldn't have done it without you, the reader (nor would I have wanted to).

As a way to say thanks, here are 7 of my biggest "lessons learned" from writing a business book:

7 Lessons Learned From Writing a Business Book

Lesson #1: If it's worthwhile, it will be hard to write

To be clear, Collaborate is not my first book and not my first business book, but it is the biggest, most bold book project I've undertaken , and dwarfs the other books I've written in terms of raw content and scope.

The idea for Collaborate has been incubating in my brain for the past 3 to 5 years. I wasn't ready to write this book for the longest time. Ironically, even after finishing it, I still don't feel ready to write it in a lot of ways...

Why?

Because I'm writing something that hasn't been written before...not in this way, not in this style, not for this purpose.

It's (generally) easy to regurgitate what others have said - it's much more difficult to develop a new framework by collecting, analyzing, and synthesizing hundreds of seemingly disparate ideas, perspectives, case studies, research, and more...and do so in a way that is easy to follow, to understand, to use, and to embrace.

Harder still to make sure that the majority of readers will actually benefit from the book (in other words, to avoid writing fluffy drivel...I HATE fluffy drivel...).

I pulled my hair out for the past twelve months writing and rewriting Collaborate.

I seriously felt like this:

giphy - 7 Lessons Learned From Writing a Business Book

I think I went through at least 5 unique drafts, totally different from one another. The current iteration, the one you will see in your hands in a few weeks, went through over a hundred iterations as the writing progressed.

Writing is hard.

Writing something worthwhile is even harder.

The pain of creation can seem insurmountable at times.

If you're not up to the task, scrap the idea before you start; it will save you a lot of time, money, and pain.

Alternatively, if you're committed to your idea - if you know you have to turn this thing into reality....and you have the grit and hustle to make sure it comes to fruition, then make sure you finish and ship. Anything else is half-stepping (and nobody likes a half-stepper).

Learning Lesson: doing anything worthwhile is hard; don't run from the discomfort, embrace it.

Lesson #2: Whatever your estimated timeline, quadruple it

Humans are terrible planners.

I know this from heuristics, but academic studies have confirmed it. From Wikipedia:

"The planning fallacy, first proposed by Daniel Kahneman and Amos Tversky in 1979, is a phenomenon in which predictions about how much time will be needed to complete a future task display an optimism bias (underestimate the time needed). This phenomenon occurs regardless of the individual's knowledge that past tasks of a similar nature have taken longer to complete than generally planned."

The funny thing is, no matter how well I "know" myself, I still make huge timeline mistakes on just about any project that will take more than a week to create and ship.

I expected to finish Collaborate in 3 months.

I was all like:

giphy - 7 Lessons Learned From Writing a Business Book

But then I started writing...

And the project became much more complex than I expected...

And I had to do a lot more research, analysis, and work than I anticipated...

And I ended up not finishing Collaborate until November 2016, one year later, or 4x longer than expected.

At this point I'm all like:

giphy - 7 Lessons Learned From Writing a Business Book

...and I'm just happy, that, somehow magically, Collaborate is finished.

Why, knowing we are bad at planning, can we not mitigate this reality?

I honestly have no idea.

Neither does science.

Learning Lesson: The only thing I can say is that if you're starting a new project, use this rule of wrist:

Whatever your estimated time to complete a project, quadruple it.

Lesson #3: Nobody will write your book for you

I write, although I don't consider myself a writer.

And I'm certainly not one of those people who wears the word "writer" proudly like a piece of Chotchkie's flair.

That said, I recognize that writing is an important part of what I do - and an important part of what any notable entrepreneur, creator, or politician does.

I also learned pretty quick that, regardless of how much you might hate the writing process at times, nobody can write your book for you.

I learned this the hard way. Here are just a few of my missteps:

Mistake 1. I tried using old blog posts as the foundation for my new book. I really liked the idea of re-purposing useful, old (but still relevant) content. However, blog posts are blog posts and are not chapters in a book; they are written a different way with a different purpose. I ended up scrapping everything I pulled from my own blog and rewriting everything from scratch...this set me back several weeks.

Mistake 2. I looked for a co-author. I actually found a great one, a good friend of mine, actually, but after a few sessions, we parted ways because we realized the vision for the book didn't quite align. I could have looked for another, but after spending a couple weeks trying to make this work, I decided that the particular vision I have for this project is probably only one I can bring to light (no one else will see the things the way you do). While I love the idea of co-authoring a book, for something like this that had been incubating in my brain ball for so long, it was hard to work with anyone else on it (my mistake for not recognizing this from the start). In the end, I was left writing the book by myself.

Mistake 3. I hired someone to transcribe my interviews into working pieces of content. In other words, I didn't just want the pieces transcribed (well, I wanted that to begin with), I wanted them edited into a book-like style (with intros, properly quoting the interviewee in the context of the topic, etc.) so I could more easily place them into the context of the book. I put a lot of money toward this and what I got back were "articles" that were so incoherent with so many spelling and grammar mistakes that I literally laughed out loud. This was from a professional ghost writer, mind you. I tried to rectify the situation by asking for a rewrite...which I got, but the articles were still terrible...so I asked for a rewrite, and got back another terrible article, just with less spelling and grammar mistakes...

When I got back the third iteration of terrible, expensive articles, I was all like:

giphy - 7 Lessons Learned From Writing a Business Book

But regardless of how upset I was, there was still work to be done...and I was still forced to write everything myself.

Learning Lesson: If you're a picky writer (and you should be if you're writing something worthwhile...see Lesson #1 above), nobody can write your words for you. Suck it up and get to work.

Lesson #4: Create in the proper sequence

After my crowdfunding campaign I spent a lot of time organizing design notes, prepping my live webinars, outlining my course...

Which is all great, and still stuff I need to do, but these weren't CRITICAL PATH items, which means working on them in the beginning slowed my progress.

I would explain the critical path, but Seth Godin is much smarter than me:

"The longest string of dependent, non-compressible tasks is the critical path.

Every complicated project is the same. Many people working on many elements, some of which are dependent on others. I want a garden, which means I need grading, a bulldozer, a permit, seeds, fertilizer, irrigation, weeding, planting, maintenance and time for everything to grow. Do those steps in the wrong order, nothing happens. Try to grow corn in a week by giving it a bonus or threatening to fire it, nothing happens...

Critical path analysis works backward, looking at the calendar and success and at each step from the end to the start, determining what you'll be waiting on.

For example, in your mind's eye, the garden has a nice sign in front. The nice sign takes about a week to get made by the sign guy, and it depends on nothing. You can order the sign any time until a week before you need it. On the other hand, you can't plant until you grade and you can't grade until you get the delivery of soil and you can't get the delivery until you've got a permit from the local town.

Which means that if you're the person in charge of both the sign and the permit, do the permit first." - Seth Godin, Understanding critical path

Bottom line, whatever you are creating needs to be created in a particular sequence. That particular sequence should be developed by creating a critical path plan. That critical path plan should be developed at the start of your project by working backward from the ship date.

So...

If you're writing a book, stop looking at interior design inspiration before the book is written...

If you're building a startup, stop analyzing competitor logos before you have an MVP...

If you're building a membership site, stop reading about "scaling" until you have at least 10 customers...

I know all this,  but I broke my own rules (for the first couple months at least).

Eventually, though, I defined the critical path and stuck to it. And finally, I was all like:

giphy - 7 Lessons Learned From Writing a Business Book

Learning Lesson: the hardest work you can do as a leader (solo or collaboratively) is defining the critical path and sticking to it. It's the hardest because it's the most important. Don't skip it.

Lesson #5: The Enemy will try to make you fail

Seth Godin calls it the lizard brain; Steven Pressfield calls it resistance; Winnie the Pooh calls it Heffalumps...

I like to refer to those things that keep us from doing our great work as the Enemy.

The Enemy takes many shapes:

All the ups and downs of writing Collaborate came from the Enemy; it was never any external forces that kept me from writing faster or better - it was the Enemy trying to stop me from reaching, expanding, and stretching my boundaries.

Luckily, I took care of the Enemy every time I saw it rear its ugly head:

giphy - 7 Lessons Learned From Writing a Business Book

Lesson learned: if you're trying to do something new, different, outside your current status-quo or paradigm, the Enemy will sabatoge, prevent, and slow your progress every step of the way. Accept this. Keep moving anyway.

Lesson #6: Every book is a collaboration

I mentioned earlier that nobody will write your book for you. That's still true. But, if you're a writer (and if you're the author, that's what you are), then stick to writing. Get experts to edit, design, market, and sell.

I leveraged an amazing team of experts to bring Collaborate to life.

I had multiple editors, a great designer, and have a team that's ready to market and sell the book when I pull the trigger. I would not attempt any of this alone.

Lesson learned: make sure you're not going it alone. No matter how small your project, it could benefit from creative collaborators. If you aren't sure how that works or where to start...hey, look at that! A new book on the subject:

In Collaborate, you will learn:

Learn how to assemble, organize, and lead a small team of creative collaborators by signing up for the Collaborate early notification list here.

Lesson #7: I'm never writing a book again...until the next one

And my final lesson learned is that I don't want to ever write a book again because it's hard. Really hard. So hard I think I started to go a bit crazy:

giphy - 7 Lessons Learned From Writing a Business Book

But it's also crazy rewarding...

Which is why I'm already working on my next book: The Tao of Nicolas Cage: A memoir of my time thinking about Nicolas Cage losing his s***

Lesson learned: once you finish your first book (or 50th), start on the next one; momentum is on your side - take advantage.

In Summary

Writing Collaborate has been an adventure with a bunch of ups and downs, but the book is finally (almost) ready to print and ship (finalizing the design right now).

My hope is that you've enjoyed this article, and found it useful enough to:

  1. Sign up to be notified when Collaborate launches
  2. Share with you friends, family, and social network.

I've made some clicktotweets to make this easy (they may or may not be appropriate, I'll leave that to you to decide).

Thanks in advance for your support:

What Nicolas Cage epic freak-outs can teach us about writing: http://bit.ly/1Ran0Zj [CLICK TO TWEET]

What do Nicolas Cage epic freak-outs and writing a business book have in common? http://bit.ly/1Ran0Zj [CLICK TO TWEET]

7 lessons learned from writing a business books (hat tip: Nicolas Cage): http://bit.ly/1Ran0Zj [CLICK TO TWEET]


Hat tip: Nicolas Cage for the inspiration and giphy.com for all the amazing Nicolas Cage gifs

Fact: 1/3rd of all self-published authors earn less than $500 a year from their publishing efforts.

Take that in for a moment…

$500.

That’s not even enough money to pay for a single month’s rent in most major cities.

This makes sense when you consider that 80% of books tracked by Nielson Bookscan sold fewer than 99 copies in 2004.

In other words, 4 out of 5 books won’t even hit triple digit sales in a year.

The correlation is pretty clear: if you can't sell 100 copies of  your book in a year, you probably won't be cracking $500 in annual income from your writing, either.

If you’re a self-publisher, time to throw in the towel then, right?

Well, maybe not…

How to Make a Living Killing from Self-Publishing

Making money from  your writing is not impossible.

I do it, as do many of the authors I work with and publish. Many make decent incomes this way, too (from $20,000 to $100,000+ per year).

The reason they're successful where most authors fail is because of two reasons:

  1. They have a book worth selling
  2. They have a way to get their book worth selling in front of people who want to read it, a way to sell it to them at a price they're capable of paying and at a price that doesn't put them in the red

The first part of this is a personal issue - are you capable of writing a book worth reading? For the purposes of this guide, I'm going to assume you are.

The second part is all about developing the right marketing and sales channels.

Book Marketing and Sales Channels Defined

A marketing channel is any avenue or outlet that lets you promote a message to your target market.

Podcast, radio, tv or magazine advertising; blogging or guest posting; billboards, sponsors, etc. Any of these can be used to market a product. Done the right way, they put the appropriate product in front of the appropriate audience (this is a billion dollar industry, so you can be sure they're getting better at this every day).

A sales channel lets you turn this awareness into a sale. So you might pay for advertising on a podcast, but you won't sell the product on the podcast. Instead, the advertising, if done right, will point the listener to the right place to purchase.

This could be Amazon, or your website if you’re selling via Gumroad, or a third party website where you can buy the product. In this case, any one of these outlets would actually complete the sale.

Here’s how one Quora user defined marketing vs. sales channel:

"Marketing channels create demand. Sales channels harvest demand."

Why Amazon is Not a Sales Strategy

So back to you, the author with a book worth selling...

How do you sell your book?

If the answer is Amazon, you're missing half the equation (and you’re probably one of those unfortunate people selling less than 100 copies of your book a year).

With very few exceptions, Amazon is a sales channel, not a marketing channel. Putting a book on Amazon allows you to "harvest demand" but it doesn't create it.

You've probably heard the philosophical question: "If a tree falls in the forest and no one is there, does it still make a sound?"

For self-published authors, it's more like "If a book is published on Amazon and nobody knows about it, is it really for sale?"

By itself, Amazon is not a sales strategy.

So if you can't use Amazon to market your books, what can you use?

The Ultimate Book Marketing Channel

The answer is an email list.

With an email list, you can promote and share new ideas, products, and services and then direct readers to a place where they can make the purchase (Paypal, Gumroad or Amazon).

Moreover, email is the fastest, cheapest, most powerful way to engage with your readers at scale.

No other service (not even social media) is as personal as email, and if done right, you'll sell way more books through email than you could any other way.

Proof in the Pudding...

I started this blog in late 2012. I wrote and published my first book, The Art of Instigating, shortly thereafter. I had no audience, so I decided to give the book away free in exchange for people signing up for my newsletter.

In 2013, I released my second book, Notes From Seth Godin’s Revolution Conference. I made this book free as well but with a twist – I let people contribute as much or as little as they want to my creative work. I shared this with 166 subscribers and made $492 in the first month.

Over the course of the next year, I experimented with many small guides, ebooks, and resources – all pay what you want.

In the fall of 2013, I released my third book, The Complete Guide to Pay What You Want Pricing (all the experimenting did not go to waste). This time I shared it with an email list of 467 subscribers and generated $954 in the first month (including presales).

In 2014, I launched my fourth book, Collaborate, via a crowdfunding campaign. This book raised $12,979 in 30 days from an email list of 1559 people.

If we break this down into a chart, here’s what that looks like:

tom morkes chart - The Author's Guide to Building an Email List (and selling more books)
more subscribers = more sales

As you can see, there is a very real correlation between subscribers (list size) and revenue. While the crowdfunded book is an outlier because I was selling more than just the book (consulting packages, for example), the results are still relevant.

Bottom Line:

If you have an email list, you will sell books.

If you don’t, you might, but you might not.

Therefore, your best effort is spent building an email list so you can sell more books.

8 Steps to Building an Author's Email List so You Can Sell More Books

Note: In order to sell more books, you're going to have to invest in a few tools (sorry, sometimes you have to pay money to make money).

That said, I'm a bootstrapper by heart. So if there's a faster, better, and/or cheaper product or service available that does what I need it to do so I can focus on bigger picture stuff, then I'm going to jump on it.

In this guide, I’m going to share tools, software, and technology I use to market and sell books, my own and those that I publish or market through Insurgent Publishing. You can use them or find alternative solutions for your situation. I’m affiliated with several of these items, so if you do buy through me, I get paid a fraction of the price as a finder’s fee, which does not come out of your wallet, but helps me operate and pay for expenses around this free blog so I can keep making content like this for you.

Step 1. Build Your Author’s Website

#1. Choose your Content Management System

A Content Management System is what you use to create and manage your website.

It's basically the backend piece you'll interact with on a daily or weekly basis to post new blogs, create book sales pages, reply to comments, etc. There are lots of options out there for your CMS, but I like to keep things simple, cheap, and proven, so I recommend WordPress (www.wordpress.org).

If you're just building a simple author's platform, WordPress will have everything you need and then some. Because WordPress is one of the most popular CMSs, they also have thousands of plugins available to tweak your site to your hearts content. Plus, you'll never find yourself without a designer or engineer to fix whatever problems you have because there are so many options available.

#2. Purchase your Domain and Hosting

If you want to be taken seriously as an author, you should have a website and you should own the url. Some big name authors can get away with a .blogspot, but if you're an unknown author, this will detract from your credibility.

I recommending picking up a domain name url from www.iwantmyname.com and hosting with a reliable company like www.bluehost.com or www.webfaction.com.

Another option is www.newrainmaker.com, which is like the Lamborghini of WordPress frameworks and is an all-in-one solution (hosting, podcast hosting, SSL, ecommerce solution, Learning Management System, etc.). A lot of successful bloggers and authors are choosing Newrainmaker for their all-in-one solution, like Chris Ducker, Chris Brogan and yours truly, among others. That said, it costs a pretty penny, so if you're just starting out, you may want to start generating enough monthly revenue from book sales before switching over (at least $1,000 in revenue per month would be my recommendation).

#3. Pick a Compelling Theme

A theme is the skin of your WordPress site. You get professional looking themes for as cheap as $50 (sometimes less) through Themeforest. Don’t worry too much about flashy design. What matters is structuring your website the right way, which we’ll talk about later in this guide.

#4. Decide on Service Support

Every now and then you might run into some issues with your website. If you're not technically inclined, you should either invest in something like www.newrainmaker.com, which comes with unparalleled support (literally anything I need they either do for me or show me how - it's incredible) or go with a service like www.wpcurve.com, which allows you to make unlimited small fixes to your WordPress website for a fraction of the cost it would take to hire a developer.

This is particularly important if you’d rather spend time writing and selling books, and not fixing widgets on your site.

Step 2. Invest in the Right Email Marketing Service

An Email Marketing Service (EMS) is something that allows you to send bulk emails to people who have given you permission to stay in touch.

Remember, one of the keys to selling more books is engaging with readers. To do this, you're going to need an EMS so you can stay in contact, share updates about your book, or otherwise provide useful, valuable, relevant content your readers would like.

I started Tommorkes.com with Mailchimp, but after two years of pulling out my hair (and I have very little left) trying to do the most basic things, I switched to www.convertkit.com. I haven't looked back.

ConvertKit is the new EMS on the block and it does everything an author could want his or her EMS to do and more, with none of the headache of other platforms like Mailchimp, Aweber, nor the restrictive cost of Infusionsoft.

A lot of the Tactics, Techniques, and Procedures I'm sharing with you today are possible because ConvertKit makes them so easy, so while you don't have to invest in ConvertKit, it will surely make your life easier. Up to you.

Step 3. Choose Your Ecommerce Solution

Most authors immediately think Amazon is the only place to sell a book. Amazon is great, but it’s by no means the only place to sell your book, especially if you’d like to capture more revenue than the paltry 30 – 70% Amazon gives you.

As an author and blogger, my personal favorite ecommerce solution is www.gumroad.com. With Gumroad, I can easily setup a new product, in this case a book, and start selling it within minutes. The process is painless, simple, and fast. And while Amazon will take 30 – 70% of your profit (plus hidden charges, depending on how big your book is), Gumroad only charges 5% plus $.25 per paid transaction.

Paid transaction is the key word, because I use Pay What You Want pricing and this makes Gumroad a very, very powerful tool for building an author’s email list and selling books – I’ll touch on this later in the guide…

Step 4. Create a Compelling Optin Gift for Your Readers

In order to build a list, you need to give people a good reason to sign up and pay attention to you. One of the best ways to do this is through an optin gift (some sort of bonus you give the reader for subscribing). Here are a few examples:

#1. Free Chapter

The simplest way to encourage potential readers to sign up to your email list or to buy your book is to offer them the chance to read part of it.

Giving away part of your book, whether a chapter or the first 20% of your book, is a simple, fast way to start building your list. Not everyone is going to sign up for this, but you can bet that those who do are your target readership, which means you should make sure you have an autoresponder set up to email them several times after they receive the free sample to encourage them to buy (more on this later).

#2. Free Book or Guide

A more compelling option than a free chapter is a free copy of an entire book.

I did this with The Art of Instigating, which you can see above. It’s by no means the most compelling gift – after all, if you don’t know me, why would you care about my book? – but the act of getting a full book for free, especially if it has a price tag in the Amazon book store for $10, for example, makes it a much more compelling incentive and increases the perceived value of the gift (which is important to encourage email optins).

#3. Free Email Course

Hands down, the most effective way I’ve been able to get new subscribers and sell more books is through creating free email courses.

I’ve done this for The Complete Guide to Pay What You Want Pricing by creating a free course: Pay What You Want Pricing 7 Day Email Crash Course, which leads people through a series of training emails on how to use PWYW pricing. At the end of the ecourse, I share my book and ask people if they want to contribute. This generates several hundred dollars a month for me, completely on autopilot.

pwyw book passive income - The Author's Guide to Building an Email List (and selling more books)
automating your sales funnel is a no brainer...

Case Study: How One Author Leverages Free Gifts to Build an Email List

“I giveaway all my books for free to subscribers: no matter how big my list is, I want their support in the form of downloads and reviews, not money.

But that won't matter if they haven't read the books yet, so I also leave really long excerpts and have some perma-free books for visibility.

But that's not enough either... so I send out special gifts for each book, as a thank you for followers who review - silver mermaid charms, postcards of the cover art, appreciation mail... that works great for engagement, but only for readers who liked the books.

For strangers, it's harder to get them to sign up, but an expensive prize and raffle is great for list building before a book launch. Maybe a special mermaid vacation/party or a vampire-hunting set. Something over $100; worth signing up for and having a chance at winning; something that only appeals to target readers of the genre. Then I can warm them up with some cool genre-related trivia, or history, or fun news, and finally launch the book, with another chance to win what they signed up for in the first place.” – Derek Murphy

Step 5. Put Your Optin Gift Front and Center

If you take a look at the analytics of most websites, you’re probably going to find that most readers land on a few select pages. These are usually the home page, about page, and the resources page.

Here’s what Tommorkes.com looks like:

web pages that readers land on
main pages people see...so make sure they count!

As you can see, my top pages are my home page (www.tommorkes.com), my about page (www.tommorkes.com/about), and my books and resources page (www.tommorkes.com/cache).

Knowing this, these are three pages you should make sure are optimized to get subscribers.

#1. Home Page Optin

A strong home page is one where the experience is tailored to the type of reader you want.

The most effective home pages are clear, compelling, and make people want to sign up for your email list because they're getting something of value immediately.

My new home page with plenty of places to sign up.
My new home page with plenty of places to sign up.

My current home page is entirely geared toward building an email list. If someone doesn’t want to subscribe to my newsletter, I don’t really care if they hang around. On the other hand, I want to over-deliver for the people who want more writing / books / etc. from me. That’s why I create so many free and Pay What You Want products – to hopefully delight my readers and give them an incentive to keep coming back and to keep supporting my creative work.

#2. About Page Optin

The about page is usually the second most visited page on any website after the home page. This makes it an ideal place to turn readers into happy subscribers. Yet so many authors miss the boat on this one by making their about page about them, instead of the reader. Mistake!

For my about page, I tried to make it about my target reader – someone who has just stumbled over to my website via word of mouth referral (where most people come from). I try to hook the reader in a few sentences and then give him or her a lot of opportunities to sign up for my newsletter or one of my email lists, either directly, or by sending readers to my books (where their purchase will lead to becoming a subscriber), or by sending readers to particular blog posts with blog-specific optin incentives.

tom morkes about page
My about page with plenty of opportunities to join my email list...

#3. Resources Page Optin

This is another commonly accessed page on a website or blog: the free resources / books / guides / whatever page. You should make sure this page delivers and gives away some compelling stuff to get people to optin.

Every book I sell is Pay What You Want and I set it up to automatically subscribe downloads to my “Gumroad” list, which is something I set up directly inside ConvertKit. Because of this, every book sale builds my email list – which is way better for my platform than selling on Amazon (one of the reasons I personally avoid selling most of my books on the platform).

Note: every reader can easily opt out of my email list after purchase, which means not every single sale leads to a new email subscriber (some opt out), but it's still incredibly effectiv.

#4. Blog Post Optins

Just like your home page, every blog post is an opportunity to build your email list.

The way I was able to go from 500 to 3,000+ subscribers in less than 12 months was from creating blog-specific optin gifts. This works the exact same way as creating a free chapter or book giveaway, but instead focusing on creating something specific for individual blog posts. This is incredibly effective because people reading a particular blog post might be interested in a certain subject, but not everything else you write. So if you sell lots of books in different genres, this gives you the opportunity to properly segment your email list.

Here’s a guest post I wrote that shows how to create blog-specific optins for your website.

Case Study: How One Fiction Author is Building a Massive Email List before Launching His Book

I find that a lot of fiction authors have trouble applying what seems like non-fiction-specific advice to their book marketing and author platform building. I’m not exactly sure why this is, but I have a feeling it’s because there simply aren’t enough good examples to reference.

That’s why I connected with Toby Downton, author of Solaversia, who is building a huge email list before the hard launch of his book this fall.

“Here are some quick facts:

I knew right from the start that I faced a monumental challenge as a first-time self-published author; nobody knew who I was, yet I was asking for the most precious a person can give - their attention. And not just a few seconds of it either, like when you're asking for a retweet or a like, but 10-15 hours of time. That's a huge ask.

I'm building my platform by getting readers invested in the bigger picture - the aim is to create Solarversia (the virtual world the book takes it name from) for real, to launch in 2020 so that people can play it. I use the word "Solo" to identify players of the game in the book and people have already started to call themselves Solos when I talk to them on Twitter (I've also encouraged people to use the #Solarversia hashtag). In this way, readers are slowly connecting with each other and getting collectively excited.

Finally, I've created a promotional game that is themed to the book. Every one of the 100 million players of Solarversia has a number from 1 to 100 million, located in the Player's Grid. It's a central concept within the book, acting like a giant scoreboard, and it's even used in one of the later rounds. I've selected a 10x10 section of it, called the Golden Grid, and will assign the 100 numbers via a series of competitions starting on the launch date. A competition will run every month or so, meaning that the "story about the story" provides ongoing exposure." – Toby Downton

Step 6. Drive Traffic to Your Website

According to Traction by Gabriel Weinberg and Justin Mares, there are 19 traction channels (i.e. 19 marketing channels to find and acquire users). Not all of these are relevant for authors (billboards, for example, is only relevant if you have a lot of money to spend toward your promotional efforts, which I assume you don’t), so I just want to focus on a few high-impact, low-cost ways to acquire new potential readers or your books.

Note: for a full list of all traction channels, check out this great post on Zapier: How to Acquire Customers

#1. Content Marketing

This is a fancy term for writing blogs or creating other content that encourages people to come to your site. If you’re writing in a particular genre, writing about that genre is one way to drive readers to your site (in such a way that they may want to buy your book).

For example, I sometimes write about Pay What You Want pricing, which is the perfect content to attract my ideal reader (someone who would be interested in buying my book on the subject).

For a great example of a fiction author killing it with content marketing, check out Solarversia by Toby Downton. He is building a universe around his writing, and it’s captivating to say the least.

Advanced Strategy: Webinars

Ryan Hanley is the author of Content Warfare. He uses a combination of free webinars and an email autoresponder to automate book sales. Here’s what he says:

"Webinars are incredible. I use WebinarJam to run interactive webinars with my audience. Attendees must register for the webinar with their email address. The last two webinars have added over 100 new subscribers each. These were pure education. I want to break the audience in with 100% value and then add CTAs as we go. All are soft sells for the book. I do have an autoresponder set up which sends new subscribers emails directing them to old posts that are still popular. They get one post each Sunday and the 4th Sunday is a pitch for the book." – Ryan Hanley

#2. Viral

Bottom line, your book should encourage word-of-mouth referrals. But your website and your sales funnel should also be optimized to draw in new readers.

A simple way to do this is by adding book-specific thank you pages that encourage your readers to share your book, free resources, free courses, etc.

tom morkes thank you page
One of my live training thank you pages

Advanced Strategy: Viral Lead Magnets in Your Books

One of the best ways an author can drive email subscribers is to add a Call to Action inside their book. After all, if someone enjoyed your book, they probably want more books from you, right?

Here's how Rebecca Howard gets readers to join her email list:

“I just released a new book. In the book (a paranormal mystery) a minor character refers to something scary that happened to her a long time ago. At the end of the book, I put a little blurb "want to know what Susan REALLY saw all those years ago?" and then offered a free companion story download from "Susan's" perspective. Yes, it's free, but it’s not made for the masses-only for those who purchased the book. And I wrote it specifically for that purpose. I sent it out into the world 2 weeks ago and am now up to 200 subscribers on that list. These are just readers who have downloaded the short story. They're already fans of the series because they bought the original book and most have already read the first 3 books in the series. There are about 6 overlaps from my other, regular list, so I gained lots of new subscribers.”

Rebecca Howard

#3. Blog and Podcast Outreach

Here’s the deal – nobody is going to buy your book if they don’t know you. Yes, there’s the potential that a captivating cover, title, and description can encourage a stranger to part with their time and money, but it’s unlikely.

The most successful authors have readers that buy all their books. That’s why a sequel makes so much more money than the first book in a series – repeat customers (aka happy readers).

So the point is, you need a referral from someone your reader trusts, or  you need an introduction to your reader if you want the best shot at building a relationship with your readers.

The fastest, cheapest way to do this is through guest posting or getting featured on podcast interviews.

Step 6. Engage with Your Readers

Once someone signs up to your email list, then what?

This is where a lot of people differ, so I'll keep it simple: you need to stay in contact just often enough so people don't forget you exist...and when you do get in contact, you need to offer something extremely valuable so people will allow you to keep sending them stuff. On that note - extreme value is relative. It doesn't mean you need to give out free gifts all the time, but you do have to provide useful or relevant content to your readers, otherwise, they will unsubscribe.

As you build your list, remember a couple things:

  1. An email list is not static. People will subscribe (if you do what I've told you here in this article) but people will unsubscribe. This is called "churn" and can turn a big list into a small list if it gets too high (i.e. people unsubscribing surpass people subscribing). This is unfortunate because I know a lot of authors who don't mind doing hard work...for a time - but then would rather coast on their 500 subscribers. Doesn't work that way. If you're not building, you're decaying. It's uncomfortable, but it's true.
  2. Eventually, you're going to pitch and sell your book to your audience. This is okay. And  you should. And don't be worried if people unsubscribe...the unfortunate side effect of giving away free stuff in exchange for an email address is that there are freeloaders out there who only want stuff for free. Don't worry about them. Cater to your biggest fans and do your best to over-deliver. They'll respect you (and thank you) for it.

Step 7. Measure Results

What good is doing all this if you don’t know what’s happening?

Most people would create these types of optin gift incentives, then simply look at how many people sign up for their website every day. This is a good start, but generally useless. After all, how do you know whether the problem is the optin gift itself, driving people to the wrong page, or something else entirely.

The key here is to make sure you’re tracking the right statistics.

For example, if you create an optin gift, you’ll want to know how many people look at it and how many people subscribe. If you just look at total subscribers, you’ll have no idea what your conversion rate is (how many people view versus sign up), which means you’ll have no idea whether you should try a new one, or keep going with what you have.

Here are a few ways to track and measure results:

#1. Google Analytics

Google Analytics will give you a basic overview of traffic to certain pages on your website. You can learn a lot more from it, but honestly, I’ve lost too many brain cells from getting punched in the face, so figuring out Google Analytics just isn’t happening for me.

Luckily, my friend Dave Chesson, founder of Kindlepreneur, is really good at these things (and has more brain cells than me), so I asked him for advice. This is what he recommends authors do to best utilize Google Analytics:

"I use Analytics to tell me what pages or posts are getting the outside traffic (through either SEO, referral, or other means).  To me, this traffic is the "initial views" - the people who are there for the first time.  Therefore it is imperative to me that I get a second chance with them, which is through email.

So to ensure I get that, I will create blog post-specific optins.  The way I see it, if they came to that post from an outside source, then they are super interested in that subject.  So giving them an extra bonus on that subject really captures them.

In Google Analytics:

  1. Choose "Acquisition"
  2. Click "Overview"
  3. Then click "Organic" or "Referral" or "Other"
  4. Then at the top you will see a tab that says "Landing Page"

This will let you know which blog posts are getting the most readers. Systematically create an optin bonus for each of these blog posts and you’ll start increasing conversion right away.” – Dave Chesson

Here's what my Google Analytics told me:

google analytics tom morkes
Google Analytics telling me where to focus my attention.

According to this, I should be creating optin gifts for these top posts. This will lead directly to more email list signups with minimal effort (a great place to start).

#2. ConvertKit Analytics

ConvertKit has incredibly powerful analytics baked into the software (not to mention, very easy to use and understand).

As a point of comparison, with Mailchimp or Aweber, I can see how many people receive my email, open my email, and click through a link in my email. This is a good start, but it doesn’t tell me anything about what or why people are signing up in the first place. That’s why I spent the better part of 30 hours and hundreds of dollars on education to figure out how to track conversion rates on signup pages on my website via Google Analytics and Mailchimp.

To no avail.

Luckily, ConvertKit tracks this information right out of the box.

Converkit analytics at a glance telling me to improve my optin forms.
Converkit analytics at a glance telling me to improve my optin forms.

The reason tracking this is so important is so that you know what people are responding to, positively and negatively. If one of my forms only converts at 5%, and a similar form but with different sales copy and images, converts at 55%, which do you think I should use?

With ConvertKit, I know what's working and what’s not. This allows me to fix, modify, and optimize my site to achieve my goal (more readers, more subscribers).

Note: It is essential to measure conversion rate properly because this is the start of your sale funnel. Eventually, as an author, you’re going to sell your books. But before you can do that, you need to see if the message you’re spreading is resonating with anyone to begin with. ConvertKit will let you do that out of the box very easily, which means a more lucrative sales funnel down the road (i.e. you will sell more books with a better optin form).

#3. Leadpages Analytics

Leadpages offers built in analytics as well. Not only can you see which pages and which Leadboxes (double optin subscription forms) are performing, but you can do A/B split testing with them to improve their performance even more.

Here’s what that looks like for me:

leadpages conversion - The Author's Guide to Building an Email List (and selling more books)
Leadpages conversion analytics - really powerful for A/B split testing.

Knowing this information, I can test out new optin forms, new headlines, new images, etc. in order to optimize and improve optins. For smaller authors like myself who are not driving millions of visitors to our websites, it is essential that we improve conversion as much as possible to capture the smaller amount of traffic we do get. Leadpages offers simple A/B split testing which helps dramatically, and makes optimization possible on a very limited budget.

Step 8. Modify, Improve, Optimize

Unfortunately, the stuff I sharing with you today is not static.

Even once you have everything setup, you still need to put time and effort into improving your platform. This means taking the time to act on the results you’ve been measuring in the last step.

But whatever you do, make sure to measure the results so you can act on the information in a deliberate, calculated way.

This is the only way to improve your author's platform, build your email list, and ultimately sell a LOT more books.

Wrapping Up

Over the course of the next few weeks, I'm going to break down author's websites, show you how I would improve them to increase email signups, as well as show you how to create free gift optins, how to create free ecourses, and much more.

For now, though, leave a comment below and let me know what your biggest takeaway is from this.

Have you written a book? Is it selling more than 100 copies a year?

What could you implement today from this article that would have the biggest impact on your success as an author?

Share below and let's get the conversation started!

In 2007, I read a book that changed my life.

While the book itself is simple (borderline elementary now that I've gone back to reread it years later), there was a single idea that I couldn't shake at the time; one that still sticks with me today.

Before I explain what that idea is, I want to put this in context:

I first read this book when I was a 20 year old West Point cadet. At the time, I was double majoring in Russian and Human Geography with a track (like a minor, but not) in environmental engineering.

By academia's standard, I was slightly above average in the brains department, and I was soon to be entrusted the lives of 30+ soldiers in combat, which I can only assume means that somewhere, someone thought I was a responsible adult (or perhaps I slipped through the cracks...we'll never know).

Yet here was a book that a middle school kid could understand (and really, that every kid ought to read) that said something I'd never heard before.

Or perhaps better stated: never fully appreciated before.

What was the idea?

Everything in life is either an asset or a liability; it either puts money into your pocket or it takes money out of your pocket.

You want more of the former and less of the latter.

Of course, after finishing the book, I didn't put it away, smugly proclaim myself smarter, and move on.

Instead, I took a deep dive into the subject, spending years devouring more books in the same genre (finance and investing). More importantly, I took action on what I learned: I saved lots of money, kept my expenses down, invested in real estate and stocks, practiced options trading, and more.

Sometimes it worked out, sometimes it didn't - which was painful - but the important thing is that I gained an understanding of the material I was reading, not merely in concept, but in practice (this is the kind of experience that only comes from stepping inside the ring).

Finally, but no less importantly, this spurred my interest in other areas including business, publishing, and teaching.

It's hard to put a dollar figure to an idea, but I think I can safely say I'm thousands of dollars richer now than I would have been otherwise, because I read this book; because the idea resonated deeply with me; because it caused a spark...

And this of course is the point: an idea is a spark.

It has the potential to dramatically change our lives.

But it's also just that: a spark.

You still have to cut down the tree, haul the fire wood, and find the gasoline.

An idea is a spark, but you still have to cut down the tree, haul the fire wood, and find the gasoline.

Two points worth reflecting on:

1. If an idea is a spark, it is only as useful as your ability to make it into something more.

This requires resources (mental and physical - both of which you can create, grow, and increase over time) and hustle (accessible to every person on Earth at this very moment - if you choose to use it).

2. For an idea to reach us and cause an impact, it needs the right form and it needs the right conduit.

This idea didn't pass haphazardly to me through a college class (I took lots of those and was never taught anything close to this), nor YouTube, nor a podcast, nor a blog post, nor telekinesis (I'm not there yet).

It passed to me through a book.

For the purposes of message spreading, there is no better form than a book. And thanks to the internet, just about everyone in the world has the ability to reach just about everyone else in the world, making it the perfect conduit.

This means if you're in the business of spreading a message (and aren't we all?), you should sincerely consider writing and publishing a book; the impact you can create has never been higher, nor the barrier to entry lower.

But most importantly of all: there are people in the world who WANT to hear from you, who want your ideas, who need the spark...

And I think we do a disservice to the people who matter - not to mention, a disservice to ourselves - when we keep our ideas hidden.

The simple solution:

Put your ideas out there. Create a spark. Start a fire.

Today.

---

P.s. next week I want to share with you the book I wrote about in today's blog post, as well as 10 other books that have caused similar sparks in my life, and I hope you'll share your most important books with me too 🙂

p.p.s. I'm creating a new, free course on publishing to help people create and spread messages that matter. If you're interested, sign up here.

UPDATE: thanks to all your support, I finished my crowdfunding campaign with $12,979.00 in preorders. The last few days saw the crowdfunding campaign skyrocket - something I did not predict happening at all. This has been a whirlwind ride and I'm so grateful - so thank you! If you're interested in being notified about the book when it releases, to hear about its progress, or be the first in line to order the book when it's in all major online bookstores, sign up here.


51wgDGvRluL. SY346 - How to Crowdfund Your Book (11,079 Word Guide - FREE!)
The Icarus Deception: raised $287,342 in crowdfunded presales

In July 2012, Seth Godin started a campaign to fund the production of his latest book: The Icarus Deception. Godin did this through a platform called Kickstarter.com, which allowed his loyal fanbase to pledge funds to the book before it was finished and ready for distribution.

Godin set a minimum funding goal of $40,000 (enough presales for a traditional publisher to take notice and sign the book for distribution).

By the end of his 30 day campaign Godin generated $287,342 in presales of his yet to be finished and published book.

This is crowdfunding. And crowdfunding is an incredibly powerful technique that any author can use to fund his or her book…

But only if you can effectively market and promote your crowdfunding campaign.

In today’s blog post, I’m going to show you how.

How Crowdfunding Works

Crowdfunding allows any creator the ability to pre-sell a product in order to raise the funds necessary to build and ship it.

There are three pieces to the crowdfunding puzzle:

  1. The creator (aka crowdfunder). This is the author, artist, or entrepreneur who is attempting to fund the production of his new thing (novel, artbook, kitten mittens, whatever).
  2. The financial backer / supporter / pre-orderer (aka crowdfundee...I may have made this term up). This is the person who commits funds to the production of whatever the creator is attempting to fund. This person does not get an equity stake in the project (not in the context we’re talking about, although platforms like this are starting to appear), but generally receives some great rewards and discounts for being an early supporter.
  3. The platform. This is the place where the exchange takes place (more on this below).

In exchange for the support of early adopters, crowdfunding artists, writers, and creators have the opportunity to offer some pretty awesome rewards and discounts, exclusive for the length of the campaign (or until they’re sold out).

By crowdfunding, Seth raised $287,342 in just 30 days - before he had to print a single book. This was more than 7 times the minimum threshold required to fund his book production.

Ever since watching this success story in action (and many more just liked it), I’ve wanted to crowdfund a book.

Two weeks ago, I finally pulled the trigger.

Collaborate: The Modern Playbook for Leading a Small Team to Create, Market, and Sell Digital Products Online is now available for pre-order.

In less than 2 weeks, I’ve been fortunate enough to fully fund the project.

But just because I’ve fully funded my project doesn’t mean the doors are closed. If you’re still interested in being a part of Collaborate and want your advance, limited edition hardcover copy (plus access to some over-the-top rewards), go here:

Click here to support Collaborate.

Thank you so much in advance for your support.

4 Reasons You Should Crowdfund Your Book (With Crowdfunding Examples And Success Stories)

Simon Sinek, motivational speaker and leadership instructor has a saying: “start with why.”

All great leaders and organizations - the ones people embrace and follow - have a compelling “why” or reason they do what they do.

In my opinion, this concept ought to extend beyond leadership to anything you and I do.

So before we get into the nuts-and-bolts of crowfunding, I want to show you why crowdfunding matters - financially, creatively, and otherwise - so we can better understand the how later on.

#1. Crowdfunding Lets You Activate Your Audience and Catalyze a Movement

Crowdfunding isn’t simply a pre-order process - it’s an opportunity to get your biggest fans and supporters rallied around a singular goal.

misfit book - How to Crowdfund Your Book (11,079 Word Guide - FREE!)

The power of crowdfunding is this: it gives creators a reason to ask for support, contributions, and sharing, because we’re not simply looking for sales (conventional presale), we’re asking for help to turn an idea into reality.

For those who leverage crowdfunding the right way, it’s a meaningful experience that lets your audience, readers, and supporters be an integral part of your project.

When AJ Leon turned down a traditional publisher for his first book, some people thought he was crazy. A traditional publisher is the holy grail for authors, right?

Instead, AJ decided to activate his audience through a crowdfunding campaign and inspired them to be a part of the book he (and his happy readers) originally wanted to create.

Within a few hours of the campaign going live, AJ fully funded his book. Within 3 days, AJ had tripled his minimum funding goal.

Could AJ have been successful if he simply offered his book as a pre-order? No doubt. But by leveraging crowdfunding, AJ gave his loyal readers (me included) a great opportunity to share and spread the word. If AJ didn’t hit his minimum funding goal, the book wouldn’t exist. What an excellent opportunity to help a creator who chose himself (instead of waiting for a gatekeeper to choose him).

#2. Crowdfunding Validates Your Book Before You Write It

Ryan Hanley, the founder of ContentWarfare.com, has spent the last several years building an audience of people around the subject of spreading powerful, relevant messages that change lives.He’s done this by consistently producing and delivering actionable content on a weekly basis.

And he’s done it absolutely for free for years.

b6cfebc5 c407 4b16 8d0e - How to Crowdfund Your Book (11,079 Word Guide - FREE!)

So when Ryan told me he was interested in writing a book, I directed him to Publishizer.com - a crowdfunding platform for authors.

Why?

Because Ryan had an audience and had built a reputation for himself with the work he was doing…

But he hadn’t written the book just yet.

What if he spent years writing the book only to find out his audience wasn’t ready to pay? After all, when you deliver so much high value content for free, there’s a chance that people won’t pay for your work when you put a price on it (or so some marketers gurus would say).

Long story short, Ryan launched the book on Publishizier and raised over $10,000 within 30 days.

Now Ryan knows for sure his book is something his audience wants. Even better: he has the funds to create and ship it professionally (just check out his cover courtesy of Mars Dorian).

Books take a long time to write. Good books even longer. Who wants to spend years writing a book that no one reads?

When you crowdfund your book, you’ll know within 30 days whether your idea is something people care about it.

Note: I’m not talking about hobby writing here. If you want to write a book just for the fun of it, you should, regardless if people read it. However, if you’re in the business of writing (being a paid author), you can’t ignore reach and sales.

#3. Crowdfunding Creates Eager Anticipation

Leo Babuta is the founder of ZenHabits.net.

zen habits book - How to Crowdfund Your Book (11,079 Word Guide - FREE!)

For the past several years, he’s built an audience of hundreds of thousands of loyal readers who resonate with his message of simple, healthy, better living.

Because Leo has created so much consistently impactful content for his audience (notice a trend?), many of them line up to buy anything he creates no matter what it is.

If there’s one person who doesn’t need to crowdfund a book for financial reasons, it’s Leo.

Yet Leo is leveraging the power of crowdfunding to launch his latest book. He’s already more than tripled his minimum funding goal, raising over $140,000 in a couple weeks.

In the same way that crowdfunding allows us to turn our book into an event that activates and catalyzes our audience, it also creates hundreds (or in Leo’s case, thousands) of eager fans, waiting for your book. The cool part is, the person crowdfunding can include his supporters in the process of creating, printing, and fulfilling orders.

Now instead of “Hey, here’s my book. Buy it.” you have an opportunity to share your story and journey, and to make your true fans a part of the process.

Would it be nice to have dozens, hundreds, or even thousands of people eagerly awaiting your book before it ever hits the shelf?

Exactly.

#4. Crowdfunding Legitimizes Your Self-Published Book

Let’s be honest: there is still a stigma to self-publishing.

suitcase entrepreneur - How to Crowdfund Your Book (11,079 Word Guide - FREE!)

If you say you’re a traditionally published author, peoples ears perk up. If you say you self-publish your own books...well, anyone can do that…

As a boutique publisher who has published multiple books, as well as someone who has self-published his own, I know firsthand this is an unfair response. The quality of self-published books are fast approaching the quality of traditionally published books. In most cases, there’s no noticeable difference (especially if the self-published author invests the time and money to hire the right people to make it great: editors, designers, etc.).

However, a successfully crowdfunded, self-published book receives instant credibility through social proof:

  1. crowdfunding shows us how many people have ordered your book
  2. crowdfunding shows us how much money has been raised to publish your book

And this type of social proof can be leveraged in many ways to build your personal platform.

In 2013, Natalie Sisson, founder of thesuitcaseentrepreneur.com, successfully crowdfunded her new book (appropriately titled: The Suitcase Entrepreneur). Natalie already had an established platform with a devoted following, but crowdfunding her book gave her the opportunity to activate and catalyze this audience. Not only did she fully fund her book, but when it was officially released on Amazon, it became a best-seller almost overnight.

She has since leveraged this success into appearances in major press like Yahoo Finance (among many others).

Yes, anyone can self-publish, but how many can raise thousands from their supporters before the books been written?

The Best Crowdfunding Site for Your Book

In the past few years, crowdfunding has blown up.

The first crowdfunding platforms started in 2003 but really gained traction in 2008 and beyond.

These included: ChipIn (2005), EquityNet (2005), Pledgie (2006), Sellaband (2006), IndieGoGo (2008), GiveForward (2008), FundRazr (2009), Kickstarter (2009), RocketHub (2009), Fundly (2009), GoFundMe (2010), Microventures (2010) and Fundageek (2011). (source)

And the trend hasn’t stopped.

crowdfunding google trends

There are even more crowdfunding platforms today. In fact, it feels like there’s a crowdfunding platform for every person, every niche, and every purpose on the planet.

Just yesterday I found a crowdfunding platform for combat disabled veterans. It doesn’t get more niche than that.

When it came to crowdfunding my book, there were only three real options (since I’m not combat disabled):

  1. Kickstarter.com
  2. Indiegogo.com
  3. Publishizer.com

I’ll briefly cover each and the thought process behind why I chose the one I did (Publishizer).

Kickstarter.com

kickstarter logo - How to Crowdfund Your Book (11,079 Word Guide - FREE!)

Kickstarter makes the list for several reasons, not least of which is the fact that South Park ripped on them earlier this season.

In all seriousness, Kickstarter is one of the most popular crowdfunding sites on the internet. Like Google, Kickstarter is commonly used as a verb (“he kickstarted his latest book”), and has become synonymous with crowdfunding.

Every day, hundreds of new projects are started on Kickstarter. Of those, about 45% will be successful.

A couple of great reasons to use Kickstarter:

  1. Discoverability. Kickstarter gets a lot of traffic and there are some powerful ways to get your book discovered on the platform (creators can set where their project originated and visitors can filter based on location; every project creator you support on Kickstarter will be notified when you start a campaign, etc.)
  2. Trusted name brand. Kickstarter is known in the online community and is synonymous with crowdfunding. Trust is important when you’re asking people to pay for something that doesn’t exist yet.

Lots of people and companies use Kickstarter to fund their projects, including many authors. The two books I’ve mentioned earlier - by AJ Leon and Seth Godin - both used the platform for their books. Leo Babuata is currently crushing his book’s funding goal right now on the platform.

That said, there are a couple reasons I didn’t go with Kickstarter:

  1. I’d just be a number. Kickstarter doesn’t care about me nor would I get any one-on-one attention. I’m not high maintenance, but when you’re launching a product or service using someone elses platform, I like knowing I’ll have support from a human being.
  2. I’d get lost in the crowd. Kickstarter’s size is a double-edge sword - great that lots of people visit the site but not so great because your project can easily get lost in the crowd.
  3. Strict Guidelines. Kickstarter has the most rigid guidelines of the three crowdfunding platforms mentioned. Because of this, I’d be limited in exactly how I set up my crowdfunding campaign as well as what tiers and rewards I could offer. I wanted creative control over this process, so I chose not to go with Kickstarter.

Pros and Cons of Using Kickstarter.com to Crowdfund Your Next Book

Fees: 5% + Amazon fee (3-5%)

Pros:

Cons:

Indiegogo.com

2 - How to Crowdfund Your Book (11,079 Word Guide - FREE!)

Indiegogo is a lot like Kickstarter - it’s a massive platform that allows people to crowdfund just about anything. However, while Kickstarter is fairly restrictive with what you can crowdfund and how you can do it, Indiegogo is much more flexible.

For example, with Indiegogo, you can set “flexible” funding as an option. So if your goal is $10,000 but you only raise $3,000, you get to keep that $3,000 (minus 9%).

Beyond the flexible funding options, Indiegogo is also known for being less restrictive when it comes to what you want to fund. Raising money for a charity? Indiegogo is fair game (Kickstarter would say no).

While I view this as a positive, it may also contribute to the fact that Indiegogo has a much higher failure rate than Kickstarter. Only 1 in 10 Indiegogo campaigns get fully funded.

Like Kickstarter, Indiegogo is a popular platform and actually receives more traffic outside of the United States. A big benefit to those of us with large audiences outside the United States.

That said, for the same reasons I didn’t choose Kickstarter, I decided to skip Indiegogo. In addition, I didn’t need the flexible funding option (not my style) nor was I looking to make this a charitable fundraiser. Add to the fact that, statistically, much fewer crowdfunding campaigns succeed on Indiegogo than other crowdfunding platforms and I knew it wasn’t the platform for me.

Pros and Cons of Using Indiegogo.com to Crowdfund Your Next Book

Fee: 4% + Amazon fee (3-5%) + wire fee ($25). For flex funding: 9%.

Pros:

Cons:

Publishizer.com

publishizer

Publishizer is my book crowdfunding platform of choice. The founder, Guy Vincent, is remarkably involved in every project. When I decided to launch my book through Publishizer, Guy helped me flesh out my crowdfunding campaign, making sure I didn’t miss anything along the way.

While this might seem like a small detail to a “pro” (if there is such a thing in the book crowdfunding space), it was a big reason I was able to successfully fund my book in two weeks.

Like Kickstarter, Publishizer doesn’t allow flexible funding (as of this writing). In other words: you either fund your project 100% or everybody’s money is returned. This was fine with me because I actually prefer this - the alternative makes it seem more about raising money than about having your audience play an integral part in the creation of a new project.

Another positive: I had full control over how I priced my tiers and what I offered. And if you’ve checked out my book on Publishizer, you know I offer some pretty wild rewards. This was crucial for me as I wanted to do a hybrid launch (a book / infoproduct / consulting hybrid...more on this later).

Insider Peek Into Publishizer.com Statistics

Publishizer is still relatively young in the crowdfunding space. That said, I asked the founder, Guy Vincent, to share some statistics for today’s blog post that haven’t been released publicly.

Here’s a behind the scenes look at Publishizer as of this writing:

Average funds raised per campaign: $8,160

Campaign success rate: 78.3%

Avg daily page views: about 2,500

Top 3 traffic sources: Facebook, Twitter, ProductHunt

Statistically speaking, I’m much more likely to fund my book on Publishizer than I am Indiegogo or Kickstarter.

Further, on average, Publishizer campaigns raise more than Kickstarter or Indiegogo campaigns.

A quick caveat to these assertions: I don’t have “book specific” stats for Indiegogo and Kickstarter, I simply extrapolated out from the collective data. Also, the platform is young, so these figures could very well change over time.

That said, it was enough information for me to feel confident about crowdfunding on Publishizer.com.

Note: if you find book specific stats for Indiegogo or Kickstarter (or other platforms), please send them my way so I can update this article.

Pros and Cons of Using Publishizer.com to Crowdfund Your Next Book

Fee: 30% + Paypal fee (3%).*

Pros:

Cons:

*Since the original publication of this blog post, Publishizer updated their offer and fee structure. They now help authors find publishers, and they have a new fee structure. This info is accurate as of January, 2018.

How to Run a Successful Crowdfunding Campaign for Your Book

Once you’ve decided on which platform you want to use to crowdfund your book, the next step is preparing for the crowdfunding launch.

Quick note: everything I did for my crowdfunding campaign was based on backward-engineering successful campaigns, interviewing people who had successfully crowdfunded their books, and deep-diving into the statistics of what makes a campaign successful (as well as why campaigns fail).

I do my best to link to the source material so you can go deeper if you’re interested.

Enjoy.

Step 1: Create Your Book Marketing Canvas

Crowdfunding isn’t easy.

If you don’t take your campaign seriously, neither will your supporters.

All successful campaigns have one thing in common: they’re planned and organized.

There’s no such thing as a successful but sloppy crowdfunding campaign (that I’ve seen or read about in my research - please share if you find one).

There are simply too many things that need to be done right, with the right execution and timing for someone to wing a crowdfunding campaign successfully (I’m sure outliers exist, but unless you’re an outlier, the better idea is to plan).

I went into this launch like I was planning Operation Overlord. That’s not to say everything was executed perfectly, but I did know all the variables and had a handle on what I should expect walking into the launch.

How?

Like with all my projects, I started with a 1 page business model.

For books, I’ve developed my own one-page book marketing canvas, which was inspired by Ash Maurya’s Lean Canvas, but adapted for book marketing campaigns.

The Book Marketing Canvas - blank

Download the Book Marketing Canvas

The Book Marketing Canvas helps me identify all the essential elements of launching a book from scratch. It starts with key administrative information.

Here's what it looked like for Collaborate:

Author: Tom Morkes

Publisher: Insurgent Publishing

Editor: Tom Owens

Cover Design: Harry Copeman

Title: Collaborate: The New Rules for Launching a Business Online

Launch Date: 10 Nov 14 (for the crowdfunding campaign)

Formats:

Beyond the basic administrative information listed above, The Book Marketing Canvas clarifies exactly what our book is about (and why it matters), who it’s for (and how to reach them), and gives us a general idea of how we’ll sell the book (pricing options) and estimated overhead and expenses.

Here’s how I broke down the marketing canvas for Collaborate:

Who is this book for?

Who are you trying to reach with your book?  Who needs to read it?

Here's what I came up with for Collaborate:

1. Solopreneurs who are struggling to create a successful business

2. Entrepreneurs who can’t find traction

3. Writers, artists, designers and inventors who want to profit off of their art/work

Who are your early adopters?

These are the readers who will show up first to support whatever you create. If you don't have an audience yet, this is more difficult to define (also why I recommend building an audience before crowdfunding a book).

For Collaborate, I focused on two groups (essentially the same, but segmented for tracking purposes):

1. Early Notification List. This is a list I created through my blog. Here’s the landing page I created to build this list.

2. Main ListThe Resistance

How will you reach your readers?

Crowdfunding campaigns are only as valuable as the readers you can reach. If you don't have a clear idea of exactly how you'll reach readers (words like "luck" and "hope" don't count here), go back to the drawing board.

For Collaborate, I kept it simple:

1. 3x Blog posts leading up to the launch

2. 3x Blog posts during the campaign

3. Consistent social media presence with almost daily updates on progress and milestones. Leverage Facebook and Twitter primarily (the social media platforms I’m most active in).

What problem is your book solving?

There's no reason to write a book unless it's solving a problem. For business non-fiction, this problem needs to be something clearly defined (with fiction there's more leeway as fiction solves the problem of boredom).

Here's the problem I defined for Collaborate:

Solopreneurs, artists, and writers struggle with traction and turning their ideas into sustainable businesses.

How does your book solve the problem?

Every business book solves a problem - what does your book solve?

For Collaborate, here's how I defined the solution:

A step by step guide to collaborative product development. Collaborate shows solopreneurs, writers, artists, designers, and creators of all types how to rapidly build and launch a cashflowing business in 30 days through the power of collaboration.

How do you measure success?

Too many people run into new projects with no way to measure success or failure. Luckily, for a crowfunding campaign, success and failure is pretty clear: do you hit your funding goal or don't you?

Here's what I defined as my criteria for success with Collaborate:

  1. Reaching my funding goal ($7,500)
  2. otal pre-orders (100+)

What makes this book unique?

Consider this the "UVP" (unique value proposition) of your book. Much like a startup, every book (especially nonfiction) needs a good reason for existing. This good reason should be captivating, original, and warrant peoples attention.

Here's what makes Collaborate unique:

There are dozens of books and hundreds of articles on the topic of collaboration from a theory level, but no other book has tackled collaboration from a practical, tangible level. Collaborate is the premiere guide for those looking to start a business online rapidly online through the power of collaboration, or those who simply want to learn how to work with and lead others in a collaborative setting.

Pricing Options

This is the section where you want to outline the various pricing tiers and corresponding rewards for your crowdfunded book. Here's what Collaborate's initial reward tiers looked like (I'll explain how I came up with these prices and tiers later on in the article):

$13 - digital

$34 - hardcover and audiobook

$47 - 3 part live webinar

$72 - the no brainer package

$107 - the 3 pack

$172 - the 5 pack

$287 - featured interview

$492 - 1 month consulting

$1,374 - 2 days with Tom

$2,992 - the lets ship it package

Stretch Goals - undecided

Overhead and Expenses

Here you want to itemize as accurately as possible the projected overhead and expenses from creating, printing, and shipping your book.

Here are my estimates for Collaborate:

$42 / hardcover $42 * 100 = $4,200

$1000 – cover design

$500 – interior design

$600 – editing

$500 – shipping

Approx $7,500 to break even (no profit)

Step 2: Outline and Wireframe Your Book

Once we have The Book Marketing Canvas developed, we can extrapolate this into an outline and wireframe.

When I say outline and wireframe your book crowdfunding campaign, I mean outline and wireframe everything:

  1. The book itself
  2. The rewards and deliverables
  3. The marketing plan
  4. Anything else that pertains to your crowdfunding campaign

At this point, you don’t have to be 100% sure of everything. This is an exercise in thrashing and chunking (removing waste + identifying key tasks and timeline), and will help you discover what you need to do at a minimum to fund your book.

1. Outline the chapters and key topics of your book.

For this, I simply used Evernote to collect my thoughts, although I've had no problems using tools like Google Docs, Word, or Scrivener to do the same.

Here's what my Evernote outline looks like:

outlining collaborate in evernote
Outlining Collaborate in evernote

 2. Create a working book cover design you can use for your crowdfunding campaign.

Unfortunately, a book is judged by its cover.

When it comes to crowdfunding a book, a cover is one of the most important element of the crowdfunding sales page.

To successfully crowdfund your book, you're going to need a finalized, or almost finalized, professional looking cover.

books that inspired collaborates cover

The benefit to crowdfunding your book: you can set up the funding to facilitate professional design, formatting, editing etc. S o to get my cover prepared, I sourced a great cover designer (he's actually technically a graphic designer, but I liked his style and thought he'd bring an interesting style to the book) and shared images of book covers that I liked. And these are just a few of the iterations I got back:

collaborate early book cover iterations
Early book cover design for Collaborate (obviously, we changed the name).

After a few more iterations, we ended up with the current cover - and even a name change. This is the cover I ended up going with and changed again before time of shipping the actual book, but it was enough to get my project up and running properly.

The final iteration of the cover:

collaborate-front-cover-mockup-merged-no-shadow-800px

Step 3: Create a High-Converting Book Crowdfunding Sales Page

I'll go in more depth in several of these areas later on. For now, this is just an overview of the essential elements of a high-converting book crowdfunding sales page:

1. Book Blurb

A blurb is one sentence that summarizes your book. My blurb for Collaborate:

“Go from struggling solopreneur to successful business owner in 30 days or less through the power of collaboration.”

2. Captivating Headline

Your headline is nothing more than a powerful hook to get people to keep reading (easier said than done of course). My leading headline / first sentence for the Collaborate sales page:

“In less than 6 months, I generated over $77,000 in sales from part-time collaborative projects.”

My hope: that this line would be interesting enough for readers to keep them moving down the page.

3. Sales video

Every successful campaign I've run into includes a sales video. Here are some key takeaways:

  1. the shorter the better (60 - 180 seconds)
  2. focus on the benefits to the reader
  3. explain why you’re crowdfunding your book (a strong “why” goes a long way) 

More on creating a sales video later on...

4. First main body paragraph

The first main body paragraph should introduce the book topic by speaking to the readers wants / desires

5. About the book

Next, you'll need to explain what the book is about. In reality, this part is more about the reader than the book.

6. Who it’s for

This is the part where you let the reader know he / she is in the right spot.

7. Reward tiers

At this point, it's helpful to have a graphic or something to help define your exact reward tiers.

8. About the author

This is where you give a brief bio about yourself...like the "about the book" section, this part is about the reader, not you.

9. Table of Contents

You don't need a finalized table of contents, but even an outline helps people get a grasp of what you’re building.

10. Expense itemization

People like to see where the money is going for projects like this, so be transparent!

11. Potential hurdles and how you plan to overcome them

Self explanatory.

12. Timeline for launch

When will the books and rewards be delivered? The more specific the better. Always leave room for error (generally about 3x the time you expect it to take just to be safe).

13. Final call to action

At the end of your crowdfunding campaign - much like any sales page - you want to end on a powerful call to action.

Step 4: Set Your Crowdfunding Goal

I set the goal for my book at $7,500.

Why?

First and foremost: it was the minimum I needed to create this book the right way (designer, editor, high-quality printing service, and based on a minimum order of 100 books).

Second: statistics.

Crowdfunding campaigns with a $10,000 funding goal  have a 38% chance of successfully funding.

As you increase the price, your chances of success drop (at the $50k mark, your chances of success drop to 18%; at the $100k mark, it drops further to a 7% success rate).

Just as importantly, the average successfully funded project receives about $7,800.

While goals that are less than $10k have a greater chance of fully funding, there’s also diminishing returns when it comes to lowering the minimum funding goal. After all, what’s the point of starting a $1,000 crowdfunding campaign? Certainly you could reach your goal, but there’s no excitement from the point of view of the potential crowdfunding supporter.

I wanted to aim for a goal that wasn’t easy, but also didn’t set me up for failure.

And unlike Seth Godin and Leo Babauta who have hundreds of thousands of readers, my main list size is only about 1,500. It doesn’t matter if you have the best idea in the world: when you’re crowdfunding, reach is all that matters.

Based on my list size and the probability of success for crowdfunding campaigns less than $10,000, I felt comfortable I could raise $7,500 (with enough hustle).

Step 5: Develop your Reward Tiers

In this excellent interview, AJ explains how Clay Hebert helped him design his massively successful book crowdfunding campaign.

What Clay suggested was this: Your reward tiers need to be a “slippery funnel” where each incremental increase in price corresponds to a drastic increase in value. In other words, every reward should pack about 10x the value of the price you set.

I took this advice to heart. I made sure that not only would contributors get the products and services I provided at a reduced price to what I would eventually sell them for, but in many cases I offered services that I have never offered nor will again (like the opportunity to work with me on a collaborative project).

While the products and services I’ll be delivering on are a bit overwhelming for me, I can confidently say each level is 10x the value of what people are paying for (which makes the crowdfunding promotion process a lot easier).

Important Tiered Pricing Statistics for Crowdfunding Campaigns

Before I decided on what I would offer for early adopters, I researched dozens of other crowdfunding campaigns and dug up what I could regarding pricing tiers and rewards. Here’s what I found:

Before I decided on my project tiers, I wanted to see what was working for other artists and authors I admired.

Here are the breakdown of two successful campaigns I looked into:

AJ Leon Crowdfunding Statistics

This is a breakdown of AJ Leon's campaign.

crowdfunding - aj leon

I bolded the three tiers that brought in the greatest amount of revenue to see what people were willing to pay for great rewards.

Craig Mod Crowdfunding Statistics

I also took a look at Craig Mod's crowdfunding campaign. Here are his numbers dissected the same way:

crowdfunding - craig mod


Like AJ, Craig had a few tiers that accounted for about 80% of his revenue.

This reinforces two points:

  1. People are comfortable paying upwards of $100 - $1000 on a reward (if they really care about it)
  2. The majority of your revenue will come from just a few of your rewards

More on Pricing

From my own experiments in package / tiered pricing (both Pay What You Want and fixed), I’ve also found that while the majority of people may take the lowest priced option, the highest priced option almost invariably leads to the greatest percentage of revenue.

While not a direct correlation, I also looked to general statistics on sales and upsells.

click bank upsell data

According to Clickbank, 24% of people buy an upsell after their original purchase. Using this data combined with past experience selling product with multiple price points, I knew that a percentage of my readers would be more likely to buy more than just the book if I had the right upgrade options available.

To do this I had to make sure each tier was progressively better than the last and not too much more expensive from the current purchase price that no one would buy it.

The Formula for How I Priced My Book Reward Tiers

During my research, I noticed many book crowdfunding campaigns start at $1 or $5.

Yet most of what I've learned in the past few years is that the hard sell isn’t the $5 or $10 option, it’s getting the person to decide to purchase in the first place. If that's the case, why start low?

I decided to make my book accessible yet heavily discounted off of the future price by offering it at $13 on pre-order (I plan to sell this book for about $29 - $49 when it officially launches). $13 is a price that anyone who is checking out my crowdfunding campaign can afford, so I figured it’s a good place to start.

Another thing I noticed in many crowdfunding campaigns (those that fail and those that succeed) are big gaps between rewards. For example, many book crowdfunding campaigns I looked at made the jump from $5 to $25.  This is a 5x multiple, which is a significant jump in what you’re asking people to commit to.

I generally don’t like to make jumps greater than 3x the previous price point, which is why I made my second tier $34 (which is only 2.6x multiple). As you look at my reward intervals, you’ll notice I basically stuck to about a 2x multiplier for every new reward.

In a nutshell, here is the formula I used to price my book rewards:

New Reward = 2x Price Multiple of Previous Reward + 10x Value

The problem set I was working with was this: if people will invest in X, how do I get them to upgrade to Y? So if someone will purchase the “3 part live, online training workshop” option, what would I need to offer them to upgrade to another perk ?

This leads me to the next important element of rewards and tiered pricing...

Create Rewards You Can Confidently Deliver On

Crowdfunding isn’t always pretty.

There have been numerous crowdfunding campaigns that buckled under the weight of their own offer. This guy went over the deep end when he realized he couldn’t afford to ship all his books to his supporters so he burned all the books he created (don’t worry, that won’t happen with me - I have self-respect).

For Collaborate, I knew the only way I could afford to print and ship hardcover books in small quantities (on average, every hardcover costs about $42, not including shipping) would be to supplement the book costs with low marginal cost offerings, like the live webinar, the ecourse (The “No Brainer” option), etc.

For those products and services, all the time, money and effort is up front, but costs close to zero for each additional unit produced. Because of this, my average contribution level is over $80, which gives me breathing room when it comes to printing and shipping (excluding the sunk costs of design, editing, etc.).

I also organized my campaign in such a way that I could do everything remotely (save for the 2 day in-person training, which I made sure I’d be able to swing in the next 12 months). I knew the hardest thing for me would be anything that would require me to be somewhere in person (as I am on the road vagabonding a lot).

Focus on the Long Term Plan

There’s a good chance I’m going into the red for this launch. The cost to print just one hardcover book is $40+ which doesn’t include shipping. Add to that the professional design and editing and I’ll probably go into debt with this project.

But this crowdfunding campaign isn’t the end in and of itself. A lot of people use crowdfunding as a one-off launch opportunity; they want to fund a project and that’s it. For me, I wanted to launch products and services that I could then scale after I built them. Case in point: I’m developing the Collaborate eCourse at the same time I’m writing the book.

This eCourse will retail at $197+ (probably more) when I launch in early 2015 (although you can get it for $72 when you pre-order The “No Brainer” Package).

This is one of the reasons I can go into the red for this launch but not worry about it - the products and services I’m delivering on are assets for my digital publishing business.

collaborate trend

They’ll continue to create revenue into the future... (or at least as long as collaboration is an increasingly hot topic):

Avoid Lofty Stretch Goals

Don’t overcommit yourself with crazy stretch goals. A stretch goal is what you offer crowdfunding supporters once you reach certain milestones in your funding.

When I first started thrashing the rewards for Collaborate, I immediately thought of all the cool stretch goals I could incorporate for early adopters.

Things like notebooks, or a special slip cover, or mouse pads… But after brainstorming multiple stretch goals, I realized a couple things:

1. Most people don’t care about stretch goals.

Most people want your main offer plus some awesome rewards or bonuses. Nobody buys into a crowdfunding campaign for a stretch goal.

2. Many crowdfunding campaigns have been dismantled by lofty stretch goals.

Instead of trying to reach a threshold above my minimum funding goal, I wanted to focus on the minimum I needed to make this a reality. This meant ignoring stretch goals, at least until I funded my project.

Create a Graphic for Your Reward Tiers

If you want to know why you should include images / infographics in every sales page, read this hubspot article.

Bottom line: images / graphics are easier to understand and process and therefore = more supporters = more pre-orders.

Essentially every successfully funded crowdfunding campaign I studied used an image for their rewards and tiers. There’s no reason to change things up if they seem to be working, so I decided to create an image too.

864c57b2 597e 4f4d 8557 ea7603d1f65f - How to Crowdfund Your Book (11,079 Word Guide - FREE!)

Below is the crowdfunding graphic for Collaborate, which I placed in the middle of my sales page. This gave the text a good break and hopefully added some excitement to the purchasing process: Key takeaways for creating a rewards graphic that converts visitors into supporters:

1. Maintain branding.

I use the same icons that are present on my cover + the same font (for the headlines) + the same colors. This is consistent with the overall style of my book 2.

Overwhelming is okay (if it keeps peoples attention).

A crowdfunding campaign is not the time or place to create Apple-esque style, minimalist ads. I have a few minutes (if I’m lucky) to educate people on the topic and inspire them to support my campaign.

With the image, I want to give as much pertinent information as possible so people could literally back the book immediately after viewing the packages.

I also wanted to keep it all generally close together so that the reader is automatically drawn to the higher priced item.

graphic inspiration

To create my graphic, I found inspiration from multiple sources and campaigns: From left to right: Playbook by Jonathan Mead, "The Life and Times of a Remarkable Misfit" by AJ Leon, and some kind of random cooler contraption by Ryan Grepper.

These are just three of many that I studied and used as inspiration for my own graphic.

Resistance Pro Tip: Before you start your campaign, study LOTS of other successful campaigns (specifically - book campaigns). You'll notice trends that are otherwise inconspicuous, but could make a big difference in your campaign.

As you can tell, there is a fairly consistent style of crowdfunding graphic that is used, which is why I designed the graphic the way I did.

Step 6: Write The Sales Page Copy for Your Book

When it comes to crowdfunding a book, I don't advise a short sales page - not if you’re planning to offer anything over a couple hundred dollars (which I obviously did). Why? According to ConversionXL:

“The more complicated and/or expensive the product, the more you need to explain, show, educate, convince.”

Same rules apply to crowdfunding sales pages as they do for any sales letter:

  1. longer sales letters / long-form copy (traditionally) sell more products
  2. the more expensive your product or service, the longer your sales page should be I knew I was going to be selling some expensive products and services through the various reward tiers I was concocting.

Now while most people order the digital book for $13, there are a few people out there willing to spend $1,000 - $3,000 for a product or service. I didn’t write my sales page for the $13 supporters - I wrote it for the $3,000 supporters.

Step 7: Create a Compelling Sales Video

A short and sweet sales video is an important piece of the crowdfunding puzzle.

Why?

1. Because videos give us a good sense of the person behind the project. And when we back a crowdfunding campaign, unless it’s the next big tech gadget, we’re usually back the person, not the product

2. Because successfully funded book campaigns do it. And if people who are succeeding at crowdfunding are creating sales videos, I should too. I don’t have enough information to determine if it’s causation or correlation, so why mess with something that’s working?  I decided to not put too much time, energy, or money into my video (instead, focusing that effort on the rest of my marketing and promotion...more on this later in the article).

A lot of crowdfunding campaigns are upping the product value on their sales videos, but after watching Seth Godin's video, I decided to keep it simple (3 points in under 3 minutes). I set up my camera, hooked up my microphone, hit record, did a few iterations (full run throughs, only restarting when I stuttered a little too much), pieced the video and audio together, and called it a success.

tom collaboration

Here are the results:

Key components of an effective book sales video:

1. Who are you?

This is just a quick 10 second intro to you, the author, so viewers get a sense of who you are.

2. What’s your book about and why does it matter?

Why should I care about what you're doing?

3. Why use the crowdfunding platform you're using?

Assume most people don’t know what a crowdfunding camapaign is and go from there.

4. Thank the listener

Because people who are listening to you deserve to be thanked.

5. Call to Action.

Always end with a call to action (buy my book!) Overall, it's nothing mind blowing (except for my eyes, which you can get lost in for days), but my hope is that it gave people enough of an idea of who I am and why I believe in this project to inspire them to contribute.

Step 8: Crowdfunding Promotion - Launch and Follow Through

For my launch, I followed the same framework I use for every launch.

Note: If you’re interested in these strategies and how they could apply to other businesses or projects, check out my free ebook: Launch Hacks.

In the following sections, I'm going to walk you through ways to effectively promote your book crowdfunding campaign. Many of these techniques I've either done myself (and will share my examples), or have seen other people use successfully.

Let me know in the comments at the bottom of this article if you have any questions about these techniques and strategies.

Enjoy:

How to Promote your Crowdfunding Campaign with Content Marketing

Content marketing is just another way of saying promoting a product or service through blog posts (or other types of content). Most people automatically ignore blatant advertisements, but when the marketing / advertising is within educational or value-add content, many more people will be interested in what you're offering.

In my opinion, content marketing is one of the best ways to market your book (I'll show you my results in the next section).

Here's how you can use content marketing for your book launch:

4 ways to use content marketing to crowdfund your book

1. Guest blogging

Guest blogging can be an effective way of building an audience rapidly.

In the context of crowdfunding, many people use guest posting to promote their crowdfunding campaigns. Here's an example of Maneesh Sethi guest posting on the Art of Manliness to promote his new bad-habit-breaking device. The benefit to doing this is clear - if you choose the right blog, you can get your idea in front of a lot of new people who will be receptive to what you're trying to fund.

For Collaborate, I purposely didn’t engage in much guest blogging. I wanted to focus my attention on my own audience.

Because of that, the only guest blog (equivalent) that went live was a short video with my friend and contributor to Collaborate, Jason Spencer of Tribe.ly.

Why not a bigger push?

Everything is a time / energy trade-off. Based on several launches I've done previously, I've founded the greatest return on my investment is from the audience I've already built. So If I'm going to guest post, it won't be for a product launch, but to build my list (which means: saving the guest posting for another time).

That said - guest posting is still incredibly powerful, so if you have the bandwidth - do it!

2. Blog posts

If you're crowdfunding a new book, your blog will be the best place to get your initial backers, as well as the best place to promote your new book.

If you don't have a blog, it doesn't mean you can't crowdfund your book (keep reading for alternative marketing channels you can use in lieu of a blog)...but really: you should start a blog. First, because your readers want to hear from you. Second, it means you have a base to launch anything you want.

This is insanely useful if you want to be a full-time author.

I'll get off my high-horse now, but if you're interested in why you should start a blog or how an author should start his or her blog, leave a comment below and I'll get back to you with more details.

Since I already have a subscriber list of about 2,000 (and about 3,000 - 5,000 visitors a month), I wanted to focus most of my efforts on the people who want to hear from me.

For the launch, I created 3 key blog posts leading up to the launch + one major one after launch.

In chronological order:

  1. The 3 Step Process for Starting Anything From Scratch
  2. Success Hacking 101: How to Turn an Idea Into a Business without Money, an Audience, or Technical Skills
  3. Why You Should Collaborate (a $63,659 Case Study)
  4. The Lever, The Fulcrum, and Great Work (after the book was live)

The goals of the first 3 articles was to encourage people to sign up for the "early notification list" for my book. I ended up with about 130 early notification subscribers.

Not great but not terrible.

The goal with the follow up blog post was as a reminder that the book is live and being funded.

On top of this, I also did newsletter-specific promotion + social media promotion for the book (more on this below).

3. Medium.com

Medium is a free website that lets anyone write about anything.

Because of that, there's a lot of noise.

But it also has the potential to be a quick and easy way to promote your crowdfunding campaign.

I didn’t use Medium for this launch, but I did for my last book launch, The Complete Guide to Pay What You Want Pricing, an article ended up getting over 7,000 reads.

4. LinkedIn publishing

Like Medium, LinkedIn publishing is another free and easy site to use to promote your ideas. It's also great for business-specific books (not sure how great it would be for fiction).

Here's an example of a post I wrote for my own blog that I repurposed for LinkedIn.

Why do this?

More new eyeballs means my ideas can spread farther (while still encouraging people to come back to my site and join The Resistance).

I didn’t use the LinkedIn platform for my crowdfunding campaign, but would encourage other authors to consider it as it could be a powerful tool.

Share With Key Influencers to Promote Your Crowdfunding Campaign

Influencers are the people in your industry with audiences who will resonate with your book.

Couple things to keep in mind:

  1. Have you put the time and effort into building a relationships with key influencers in your industry yet? If not, a cold email may still work, but it's a longshot. And it's also not the most effective way to spread your idea (most cold emails end in being ignored)
  2. Influencers are busy. Make sure you make sharing painlessly easy. Here's an example of a page I set up to make sharing incredibly simple (for influencers and anyone else I could inspire to share).

Many of the influencers for my book were people I interviewed for the book itself, including:

  1. Danny Iny of FirepoleMarketing.com
  2. Chris Guillebeau, creator of The World Domination Summit
  3. Corbett Barr of Fizzle.co
  4. Jason Spencer of TheFlightFormula.com
  5. Nathan Barry, author of Authority and creator of the app: Commit
  6. Matthew Helbig, founder of Crowdlaborate.com
  7. Sean Ogle of Location 180
  8. AJ Leon of Misfit-Inc
  9. Jon Nastor of VelocityPage.com
  10. Kira Slye of Polymer Clay Adventure

To get them to share, I sent them an email saying the book was live, thanked them for their involvement, and shared a click-to-tweet as well as a link to the crowdfunding page (and another link to the "support Collaborate" page).

Here's an example of a "click-to-tweet" I shared:

feeling stuck as a solopreneur? maybe you need to start collaborating. @tmorkes new book is a game changer: http://bit.ly/1zHRVDr

And here's the actual click-to-tweet: http://ctt.ec/BWz9X

Resistance Pro Tip: to create a "click-to-tweet" go to bit.ly to create a shortlink from your crowdfunding sales page, then go to clicktotweet.com, add a short description and call to action for your book (less than 120 characters is good for sharing), create the link and share it.

The majority of supporters used the click-to-tweets I shared, which helped get the word out on Twitter (although the verdict is still out on how helpful that actually is...no way to track for sure, but very few supporters for Collaborate came uniquely through Twitter).

Leverage Podcasts to Market Your Book

What industry-specific podcasts do you listen to? Are there any with audiences who would benefit from your book?

These are the podcasts you want to connect with to see if you can share your book.

It helps to give podcasts a month or two advance notice - like guest blogging, many are busy and backed up for months, so you need to get in early.

Like with guest blogging, I didn’t do a heavy push for podcasts - my focal point was my own audience. Luckily, a few went live at the same time my campaign was live, which helped fill out my social media campaign (gave me something else to share rather than the campaign itself).

Use Social Media Consistently

Besides emails to my subscribers, social media had the greatest impact on helping me hit my 100% funding goal for my book.

Here are a couple rules of thumb:

1. Focus on key social media platforms. Not all social media platforms are equal, but more importantly - choose the one you're most comfortable on and have built the largest following on (in terms of engagement). I have way more followers on Twitter but I always receive the best feedback / conversation on Facebook. So Facebook is where I put my time and energy.

2. Use social media to give status updates of your funding. This is a generally non-offensive way of marketing your book. On more than one occasion, a Facebook friend told me he saw a post of mine and decided to support the book. Because I gave almost daily updates, I increased exposure to my crowdfunding campaign, which pushed me over my funding goal.

Here's what my social media activity looked like (so you can "swipe" my updates):

facebook promoting crowdfunding campaign
promoting crowdfunding book on facebook
promoting my book on facebook
facebook promotion for crowdfunding campaign

Use Paid Advertising (sparingly)

I didn't use paid advertising for this campaign, but I do know people who have used paid advertising effectively for other launches, and I've used paid advertising for a number of projects.

I have

Leverage Alternative Sales and Marketing Channels

There are always alternative sales and marketing channels for just about any product or service. For book crowdfunding campaigns, you could try:

  1. Live events. This may be a little overkill for a book promotion, but worth considering if you have a local following.
  2. Niche-specific sales channels. For example: Writing a book on yoga? You could reach out to the owners of every yoga studio you’ve ever attended and ask them to share the campaign. This is just a random example, but the point is: there are a lot of direct and indirect sales and marketing channels for your book - you just have to think unconventionally.

Crowdfunding Statistics: The Results from My Book Crowdfunding Campaign

The following is an insider look at the numbers behind my crowdfunding campaign.

My hope here is to make crowdfunding less esoteric / ambigous / overwhelming, and ultimately to inspire more people to try it out (with reasonable expectations).

If this blog post can help even 10 more authors successfully launch their books using crowdfunding, that's 10 more great pieces of art in the world that we need, and I'll consider this a success.

If you believe more artists, authors, and creators should get their work out into the world, you can help me:

DO 2 THINGS:

1. Bookmark this page for your own book launch. Do this now so you don't forget. This guide will hopefully always be around and I intend to expand on it with more data from my own launch as well as others as I collect more information. So bookmark the page so you don't lose it!

2. Share it with someone you know. There is a social share option at the bottom of this article.

If you've found this article beneficial at all, then please share it with an author you know. 

Okay, onto the juicy statistics...

Here's what my final sales figures looked like:

crowdfunding - Tom Morkes

Predictably, the majority of my sales came within the first couple days of the book going live.

Here's what traffic looked like to my crowdfunding campaign (note: it went live on 10 November):

Slide1

Here's a day-by-day snapshot of money raised for Collaborate:

crowdfunding - Tom Morkes - day by day totals

And here's what it looks like in a pretty graph. This shows cumulative pre-order revenue over time:

crowdfunding - Tom Morkes - cumulative preorders

And here's what the individual daily sales looks like:

crowdfunding - Tom Morkes - daily sales

Note: If there is a discrepancy in funds raised, it's because some statistics are taken from the back-end of Publishizer, which includes shipping for international delivery. This only adds a couple hundred to total funds raised, which does not fully cover shipping but will offset it.

The daily pre-order totals isn't very useful by itself, until you overlay it with my promotion schedule.

The following shows us daily pre-orders (in orange) overlayed with daily promotions (via newsletter and Facebook - my two primary drivers of sales).

The results are pretty interesting:

crowdfunding - Tom Morkes - impact of promotion on sales

What you'll notice is that there's a direct correlation between promotion and sales.

Okay, so that doesn't seem surprising...

But what is surprising (at least for me) is how great the impact of promotion is in terms of revenue generated on a daily basis.

Here is a breakdown of the newsletter emails I sent to my list, including links to the actual emails for your reference, total subscribers I who received each campaign (i.e. email), and the impact it had on day-of sales:

crowdfunding - Tom Morkes -promotion and sales

This is statistically significant when we compare the average sales from newsletter promotion days to non-newsletter promotion days.

crowdfunding - Tom Morkes - promotion vs no promo days

If this isn't enough incentive to make sure you are constantly promoting your book during your crowdfunding campaign, I don't know what is.

On average, promotion days resulted in 18 times more sales than non-promotion days.

Lesson learned from crowdfunding my book:

1. Nothing moves unless you do.

Since I raised 100% about a week ago, I stopped promoting this book. My goal was to get to 100% funded, which is where I'm at now. I also wanted to see if there would be any consistent momentum now that it's hit its funding goal and so many sources have promoted the book. This is not the case. If I want a new surge in pre-orders, I'll need to start promoting again.

2. An email list is a powerful thing.

I put a lot of work into this campaign but I've seen other people put in double or triple the work and come out wanting. I don't take this lightly. For me, it's a reminder to continue building trust with my readers so that I continue to earn their attention. This is more valuable than all the paid advertising in the world.

3. No amount of influencers can make up for the tribe / gang / fan base you've built.

I think it's important to get a list of "influencers" on board to support your big launches, but the reality is this creates statistically insignificant sales compared to sales I can generate through The Resistance or my other email lists.

4. Don't discount social media.

Without having a social media platform like Facebook, I don't think I could have fully funded my project. Second to my own email newsletters, Facebook drove the most traffic to my page. And based on the responses to many of my Facebook posts, sharing campaign status updates gave people the nudge they needed to go and support the book themselves.

Quick note: I chose Facebook because that's where I'm most active relative to other social platforms, but I've heard great things about Google+ and LinkedIn. The point isn't which one to choose, but to commit to one so that you have real people communicating and interacting with you (and you're not just spamming...which is sometimes how I feel about Twitter and other social networks).

5. Nothing beats a personal email (or call).

I sent out about 50 personalized emails for this campaign asking key influencers, collaborators, and friends to share the book. What happened was not only did the majority of people happily share (thank you), but many contributed to the campaign themselves (double thank you).

Without taking the time to email, I wouldn't have hit 100% funded in two weeks (hat tip to Tyson Adams founder of Jhai Coffee House for giving me this advice and examples of how he did it!)

If You Don't Have an Email List, You Can Still Fund Your Book

A lot of my advice hinges on the community (The Resistance!) I’ve built up over the past two years.

That said, even if you don’t have a big email list, plenty of successful authors have leveraged other platforms to build interest and get their book funded.

Here's what Ryan Hanley had to say when I asked him about the single most effective way he raised funds for his book:

“The power of my campaign wasn't necessarily in my list, but the Podcast and Google+ audiences I had built, which is where I got the most engagement by far.”

- Ryan Hanley, RyanHanley.com

And according to Chad Grills, he had no list at all but was able to raise over $10,000 for his book. Here's what Chad had to say:

“I launched with no email list, just my friends on Facebook, and a few Twitter followers. If you can identify a single high quality news outlet that would love to feature your project, and have a project that crowdfunding sites can't wait to promote to their customers, you're well on your way to a successfully funded project.”

- Chad Grills

And here's how Natalie Sisson leveraged her initial success and supporters to propel her crowdfunding campaign to 100%:

“The single smartest thing I did was update people who'd already pledged several times during it and giving them swipe copy and click to tweet to share the campaign - so it made it SUPER easy to share plus they were already engaged and committed to making it happen.”

Natalie Sisson, SuitcaseEntrepreneur.com

The important takeaway - even if you don't have a list, you can still leverage social media and other platforms to spread the word. And more importantly than having an email list is focusing on the people who DO support and inspiring them to share and spread the word.

There's nothing more powerful than word of mouth when it comes to turning an idea into reality.

When You Shouldn’t Attempt to Crowdfund Your Next Book (or Project)

A lot of people have asked me recently about crowdfunding their next book. I believe my (limited) success has inspired some people, which is great and makes me happy...and also nervous.

Here’s the deal - just about no one out there will tell you to not reach for your dreams. It’s negative and it’s not the type of information that gets spread. There’s a whole area of psychology that explains why this is (survivor bias), but I won’t get into it here.

But I will say I believe I’m doing people a disservice if they attempt something like this without knowing when it’s appropriate.

Crowdfunding is powerful...but like the statistics shows: it MOSTLY fails.

So maybe the best way to wrap up this blog post is to look at WHY crowdfunding fails and how you can avoid it.

You Shouldn’t Crowdfund a Book if You Don’t Have an Audience

“Kickstarter campaigns fail when the tribe of people who believe in the idea is too small”

- Seth Godin

If there’s one person to listen to when it comes to crowdfunding (or marketing, or book publishing, or having a toy made of you), it’s Seth Godin.

I mentioned it earlier, but Seth raised $287,342 (7 times his goal) for his book: The Icarus Deception. He was able to do this because he’s built up a tribe of million(s) over the past 20+ years. When he gets ready to release something, people line up.

According to Seth, crowdfunding is the last step, not the first.

Crowdfunding is a way to activate an audience and catalyze a movement - not a way to build one. There are exceptions and outliers to that rule, but if you can’t predictably engineer a result, why attempt it?

There’s nothing worse than putting time and energy into something that is going to fail unless statistically improbable luck plays a factor.

Much better to put the time in NOW to build a platform / tribe / gang / whatever that will support you when you are ready to rock and roll.

You Shouldn’t Crowdfund a Book if You Want to Make a Profit

While crowdfunding is a great validation of what you’re building...crowdfunding itself shouldn't be used as the validation mechanism.

Your idea ought to be validated before you attempt to crowdfund its production.

If you’re just looking to raise money for a project, don’t use Publishizer, or Kickstarter, or Indiegogo - develop a business plan and pitch investors.

Or better yet: bootstrap it yourself.

Echoing the earlier lesson, crowdfunding is about activating your audience and inspiring a movement (even a small, $7,500 movement).

In a lot of cases, crowdfunding doesn't even lead to financial gain (I mentioned it earlier, but I'll be lucky if I end up in the black with this book...ouch, right?).

So if you just want to raise money to make a profit, look elsewhere...

Now It’s Your Turn

Calling all writers, authors, bloggers and anyone else interested in writing and publishing a book in 2015 -  what would you want from a crowd-funding/preorders/crowd-publishing platform for your book?

Share your thoughts / questions / ideas below so we can all learn.

Hope you enjoyed this article. It's over 10,000 words and took me over 10 hours to write. I'll continue to update as my campaign comes to a close.

And finally - if you found this valuable, please share!

Thanks, and keep creating.

- Tom Morkes

Additional Notes:

1. Topsy archive of all Collaborate related tweets part 1 (that included @tmorkes + the word "collaborate")

2. Topsy archive of Collaborate related tweets part 2 (that included @tmorkes + the word "collaboration")

Ever since I can remember, I loved the idea of being a writer.

After all, how cool would it be to create something as epic as The Lord of the Rings, or The Chronicles of Narnia, or Gates of Fire and know that this amazing story came from you?

But time passed and I never did write my great novel...

Sure, I made some half-hearted attempts; a few paragraphs here, a few sketches there...but never anything substantial.

And certainly nothing I would actually "publish."

Fast forward 15 years and I've finally written and self-published my first book (a couple actually), as well as published about a half-dozen books from other amazing artists and authors.

In these past two years since I finally hit the "publish" button on my work (and others), my life has improved dramatically (same for the authors I publish).

Below are the 5 most important reasons I've found for writing - AND publishing - my work...

Reasons that I hope inspire you to do the same.

Good luck.

(more…)
cross