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Honorée Corder: Author. Empire Builder. Publishing Strategist.

12/10/24 Which book income stream should you start with?

Published about 1 year ago • 1 min read

Reading time: 1 monetizeable minute

Hi Reader!

I made the mistake of going to the paint store because I thought a nice yellow would go nicely on an accent wall.

But without any flair for design (let alone an NCIDQ) and no understanding of how to know whether I wanted a warm yellow or a cool one, I did what any overwhelmed human would do:

I decided white was fine, thank you very much!

With all of the choices (and frankly, they were all lovely!), I got overwhelmed and went home.

Which is what happens when some authors are shown that there are endless income streams they can build from their book.

A question I get all the time: “Which book-based income stream should I start with?”

It's a great question (you are so smart!)! And the answer is the lawyer's answer … it depends on three key factors:

  1. How quickly do you need revenue? Some streams like coaching can start generating income within weeks, while others like a book series take much longer to mature.
  2. What’s your ELF score? (Easy, Lucrative, Fun) You want income streams that are:
    - Easy for YOU to execute
    - Lucrative enough to be worth your time
    - Fun enough that you’ll stick with it
  3. What fits your desired lifestyle? Do you want to trade time for money (like coaching) or build assets that pay you forever (like courses)?

If they make a choice or two, here’s where most people get stuck: They try to launch multiple streams at once or pick based on what others are doing.

Please ignore the drum beat of "Scale! Scale! Scale!" until you're really ready to do so.

Instead, I recommend choosing 1-2 streams per year that align with YOUR goals, timeline, and natural strengths.

Want to see exactly how to evaluate and choose the right income streams for you? I break down the complete framework in You Must Monetize Your Book.

Get your copy here: https://amzn.to/4io2wfU​

I’ll see you tomorrow!

Honorée Corder.
Author. Executive Book Producer.

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P.S. Ready to fast-track your success? Join me in Building a Million Dollar Book Business where I guide you step-by-step through launching your most profitable income streams. Save 30% with code subscriber - that’s less than $1.92/day to build multiple 6-figure revenue streams from your book!

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Honorée Corder: Author. Empire Builder. Publishing Strategist.

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