The Power of Niche Books
In
publishing land the summer heats up since most people want to sell
their books, products or services for the holiday season. We just go the
Harris Estate up on press and next up "Tails" from the Trail goes on press, too. Smile Power is wrapping up too. I've been encouraging author Ramin Bahram to get Smile Power printed in time for World Smile Day, which is Oct. 7.
Since we're on the subject of smiling, I wanted to share how much I learned in working on Smile Power
about the "power" of a smile. You have absolutely no idea (or maybe you
do) how the mere act of smiling can impact so many aspects of your
life, from your health to your wealth, and from your relationships to
your career. I never thought about the power of a smile. I just smiled,
as I'm certain most of you do as well. It was fascinating to find out
that while disparate research has been done on smiling there are really
no books out there on the subject. So, Ramin's idea to write about
smiling is brilliant.
Another really interesting project I just took on is Evil Information by Steve Ruport.
I have an information technology background having worked on digital
content and white papers for technology groups for years. I am book
coaching Steve through the process. I found the entire thesis of his
book quite fascinating and yet frustrating at the same time. The points
he makes about the misuse and potential abuse of personal and
professional information is relevant, especially with the proliferation
of ever-invasive technology. So this project is going to be a winner.
Let's
talk about niche books for a moment. Do you want to know why some niche
books are often over the long-term winners? If you happen to find an
original or fresh idea like smiling you're in the market for overall
sales. Why? Niche books don't have much competition in their categories
if any at all. When I mentioned the subject of smiling not being
covered, it means that Ramin's book is going to be one of a few. So when
someone does want to find out more information on this subject, whose
book is going to stand out? Whose book is the one they will buy usually
by default.
Niche
books have staying power and generate long-term sales. They are not
likely to become instant best sellers (although you can't rule that out
either), but they will continue to sell over the long run because of the
lack of other books in the marketplace. Your goal should be to find
something that isn't covered overall and then write on that subject.
Every time someone searches for that subject matter, what happens? Your
book being the sole book on the topic will be one of a few choices.
Fewer choices means yours is likely the winner.
Several
of our niche books have had long-term staying power. What does this
translate to? Habitual royalty checks being written each month to the
author. In the big picture it also means ongoing passive revenue much
like residuals. If you have a lot of passive revenue in the long term it
can add up to a lot of money. I personally feel passive revenue comes
under the old adage:
Work smarter not harder.
Any
strategy that enables you to work smarter not harder is a winner. So,
look for a great topic in a niche area. Long-term, ongoing sales win the
game. You really don't want just a flash in the pan.
No go work smarter!!!
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