How to Make Money Writing John Hope. The Story of the A-B-C-D “Hot Dog” Friends Amy Betty Carol Debbie India Nepal Australia.

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Presentation transcript:

How to Make Money Writing John Hope

The Story of the A-B-C-D “Hot Dog” Friends Amy Betty Carol Debbie India Nepal Australia

Amy’s Hot Dog Business India Problem #1: Hot dogs contains rat droppings Solution #1: Amy upgrades to all-beef hot dogs Problem #2: People of India don’t like beef Solution #2: Amy switches to all-turkey hot dogs

Amy’s Hot Dog Business India Amy’s Lessons Quality Know Your Customers

Betty’s Hot Dog Business Problem #1: Nepalese people don’t know what hot dogs are Solution #1: Betty tours the country, sharing hot dogs and hot dog information with lots of people Problem #2: Nepalese people must hike the Himalayan Mountains to buy hot dogs Solution #2: Betty opens a chain of hot dog restaurants throughout the country Nepal

Betty’s Hot Dog Business Betty’s Lessons Advertising / Networking Make Product Accessible Nepal

Carol’s Hot Dog Business Problem: Australians LOVE hot dogs so much, Carol keeps running out Solution: Carol sets up a network of hot dog- producing factories and keeps a daily quota of hot dogs Australia

Carol’s Hot Dog Business Carol’s Lesson Work Hard to Produce Australia

Debbie’s Hot Dog Business Problem: Initially discovers there are not too many people to buy hot dogs at the North Pole. Solution: She gets lucky. Christmas elves pop out and buy lots of hot dogs. Santa gives Debbie a multi- million dollar contract to produce hot dogs for his elves for the next 100 years.

Debbie’s Hot Dog Business Debbie’s Lesson Be Lucky

Hot Dog Friends  Lessons Learned  Quality  Know Your Customers  Advertising / Networking  Make Product Accessible  Work Hard to Produce  Be Lucky

Who Makes Money in Writing Industry?  Well-Established Writers  People who already have a fan-base and best- sellers  Editors / Publishers  Those who get paid to help writers and/or make money from writers  Specialized and peripheral companies  Printers, advertisement agencies, lawyers, online stores

Make Money Writing  To make money, handle writing as a business  Art = Creative, From the Heart, Warm  Business = Organized, Wise Discussion-Making, Cold

How to Run a Writing Business  Step 1: Create a business plan  Outlines how business will be handled  Plan for near-term investment and long- term gain  Organizes yourself  What are you planning to do?  How are you going to do it?  Short term / long term goals?  Weaknesses / Strengths?  Look for “Start Up Business Plan”

How to Run a Writing Business Business Plan Example  John’s Goals  Artist Goal  Financial Goal  John’s Jobs  Writer  Publisher  Speaker  John’s Plan  Schedule – DEADLINES  Budget  Structure

How to Run a Writing Business  Next, Learn from the Hot Dog Friends  Quality  Know Your Customers  Advertising / Networking  Make Product Accessible  Work Hard to Produce  Be Lucky

Writing Business: Quality  Writing Critique Groups  Classes / Writing Workshops  Talk to / Meet Good Writers  Write and Re-write  READ, READ, READ Example: Inspiration could come from anywhere

Writing Business: Know Your Customers  Read books in your genres  Talk to / Meet people who read the books you write  What does your audience want? Example: - vs - Fun Fantasy Kid-Friendly Cuteness Series of Stories Make Your Own Floppy Game / Merchandising

Writing Business: Advertising / Networking, 1  Website / Blog  Need a place to send people  Website Hosting (requires some web knowledge)  Wordpress, Blogger (Google)  Author Central (Amazon)  Advertising companies  Ads average 10% effective

Writing Business: Advertising / Networking, 2  Freebees – promoting / advertising you and your books  Bookmarks, Flyers, Calendars (Uprinting.com, etc)  Coloring pages, word searches  Promotions  Free / Discounted books  Attend book fairs / other events - Book Prizes

Writing Business: Advertising / Networking, 3  Book Reviews  Invaluable way of drawing attention to your book  Notable reviewers  Local / National Newspaper, Goodreads.com, etc  Give out copies of books with the promise they’d write a review  Writing Contests / Awards  Sometimes hard to win / attend  Can be very attractive if you win

Writing Business: Advertising / Networking, 4  Mailing list  iContact.com, MailChimp.com  Start a list by asking friends / existing fans  Give option to opt out  Periodical newsletter  / website  Attend writers conferences / book conferences  Meet people

Writing Business: Advertising / Networking, 5 World’s Economy God’s Economy Buy Low, Sell High The More You Give, the More You Get - vs - Networking

Writing Business: Make Product Accessible, 1  Again, need a website  List your books, links to read / buy  Add “Contact” page to allow people to ask questions / requests  Hardback, paperback, eBook, audiobook  The more formats the better

Writing Business: Make Product Accessible, 2  Distribution (publishers’ superpower)  Bookstores  Big chains are dying  Local, small shops are not  Amazon and Barnes and Noble websites  CreateSpace, Kindle Direct Publishing, Nook Press

Writing Business: Make Product Accessible, 3  Book Fairs  Check for invites for local authors  Never hurts to ask  Book Signings  Find locations will a lot of traffic  Find your audience  Give Presentations  Offer signed copies of all books purchased

Writing Business: Work Hard to Produce, 1  Set daily word count goals  Keep a “Word Count” log / journal  Balance with attending conferences / meeting with friends

Writing Business: Work Hard to Produce, 2  Find a writing spot  Don’t wait for inspiration  Let feelings follow actions  Finish as quickly as possible

Writing Business: Be Lucky  ALL successful writers have a lucky break story  Try and try and try and try and try  “You miss a hundred percent of the shots you don’t take.” - Wayne Gretzky

How to Make Money Writing  Insert inspirational story here

How to Make Money Writing Questions? Coming Sept 2015