We all love books don't we? Behind the beautiful and captivating books are authors who produced hours of immense reading pleasure for us. And they are getting paid quite well.
When I was a child, I loved reading books by Enid Blyton. Then came the books by JK Rowling, the Harry Potter series. That was when I learnt that writing books could make you a billionaire. Well at least it did for one wonderful woman from England.
Over the years I have come across many wonderful authors like Jeffrey Archer and George RR Martin who made a huge fortune just by writing stories.
JK Rowling was listed as a billionaire thanks to the royalty from her Harry Potter books. Jeffrey Archer is said to have a fortune of more than $250 Million. George RR Martin is said to have a net worth of $65 Million according to celebritynetworth.com thanks to the Game of Thrones series which is read by many and turned into a HBO original series.
Books are products and ideas of authors and writers. I wrote another article where I stated that to be rich you need a good idea. All it takes is one idea which transforms the world to make you rich.
JK Rowling, the author of Harry Potter had an idea of writing about a boy through his years in school. Thus, the Harry Potter books were published and it changed the world and made Rowling a very rich woman.
So, if you want to be rich, always start with a good idea.
One thing that I have observed about rich authors is that those who write a series of books tend to be richer than authors that write individual books. I have observed this over the years and no doubt you will find this observation very true. JK Rowling planned 7 books surrounding the life of Harry Potter. Each book builds a momentum which starts a big snowball rolling.
Book 1 captures the reader and leave them wanting to know what Harry Potter goes through all the way to the end of his studies in Hogwarts. When the books have gained such a wide following, movie producers move in to help readers visualize the books in the silver screen. The royalties from the movies made JK Rowling richer.
Recently I read on Daily Mail that A Harry Potter type of amusement park has been build so that children and Potter fans can visit them just like they do at Disneyland. I think JK Rowling sure got additional royalties from this.
The secret to selling more books is to have readers wanting to know what happens. Recently I read that President Barack Obama asked for Season 6 of the Game Of Thrones in advance before the publication date. Although its a tv series, I think you get the idea that the books Game of Thrones invites so much anticipation and "want to know" that even the head of the free world wants early access to what happens.
I remember those days when I was younger and the Harry Potter books were so eagerly awaited that children all over the world will start a count down of when the Harry Potter books will be out.
The successes of
and I believe many more in the future, are based on series of books.
One book will leave many people enjoying it. But a series of books that have endings that make people wander what will happen will enjoy a huge wave of buyers and lots of ka-ching to the author.
So if you are planning to make it big in the writing world, think of a story and have a series of it that whets the appetite of your readers. Your devoted readers will be more than willing to pay lots for your work.
After the success of Harry Potter, I start to begin to think that 7 books in a series is the perfect number for a story. The Harry Potter books have 7 books. Too few and you leave your audience wanting more and you also leave out a lot of money on the table. Too many books will make them grow tired. So, 7 books to end the story of a chronicle will be the best.
The Game Of Thrones is currently at its no.5 book. From what I read, George RR Martin intends to write up to 7 books for the series. That is a great decision I think and it makes economic sense.
Jeffery Archer who initially intended to write 5 books on the Clifton Chronicles found that 5 is just not enough. So he produced another book and intends to end the chronicle with 7 books. I think that is a wise decision as well. I have all 6 of his books and eagerly await for the last one.
I'm writing a book called Massive Passive Income and I have discovered among other things that a series of books (ideally 7) can create a massive passive income for the author. My inspiration of course is JK Rowling. 7 books worked great for her. Even after many years of not writing any more Harry Potter books, she still received millions in royalty from the sales of the Harry Potter books.
The great thing about becoming a writer is this: Once you have finish writing a series of great books, the money keeps pouring in even after you stop working. There will be people who have never read your work and once they have tasted one of your books, they will buy your other books. Of course, the sales of the books won't be as much as when they are first published but the good thing is you won't run out of money.
I believe that writing books that sell can be a great way to earn a massive passive income. So if you are a writer, spend lots of time writing your books. I heard George RR Martin spend 5 years writing the last book A Dance With Dragons. Doesn't matter if you only write one or two pages a day. After two or three years, you produce one book and over the years, your series of books will earn you a lifetime of massive passive income.
So, wana get rich?
Write a series of books!