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


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.

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!

1890 Fairview Boulevard, Box 333, Fairview, TN 37062 Unsubscribe · Preferences

Honorée Corder: Author. Empire Builder. Publishing Strategist.

Sign up here to get my newsletter where I provide insight, tools, and information (plus a bit of inspiration) about how to craft, write, publish, launch, market and monetize your books--and build an empire! Once signing up, you'll receive daily high-content emails. (You can unsubscribe at any time.)

Read more from Honorée Corder: Author. Empire Builder. Publishing Strategist.

Reading Time: One quick minute Huge thank you for those that read these daily emails ... and ... for the next three weeks, you won't find me in your inbox every morning with my usual dose caffeinated book commentary. It's been a great year so far and I'm taking a much-needed break to review, recharge, and rejuvenate. However, before I go, let me leave you with some golden nuggets to keep your writing, book, and empire-building dreams alive while I'm disconnected: Writing Tip: Your first...

Reading Time: 47 seconds Today's tip: BookBub, in a word, is awesome. BookBub can be a game-changer for book sales—their featured daily deals can put your book in front of thousands of readers in a single day. But while you're working toward that featured spot, use their no-cost and low-cost opportunities. Start with these free strategies: Build out your complete BookBub author profile and encourage readers to follow you there. This creates a direct connection with engaged book buyers who are...

Reading Time: 47 seconds I'm sure some of you will hate this strategy, and that's totally fine. It's important to engage in the tactics that work best for your book, based on solid strategy. If gifting your book isn't a great idea for your book, don't do it. But if it is, you will want to trust me when I say giving it away is a solid and effective idea. Today's tip: Stop hoarding your book—give it away strategically to multiply your results. If you're treating your book like a precious...