Joe Solari outlines a strategic step forward for new authors, midlist indies, and those with ambitious financial goals. Topics include business strategies at different stages, allocating time and money as a new author, branding for midlist indies, financial freedom vs business expansion, advancements in AI in publishing, updates and book recommendations, stepping out of comfort zones for success, publishing audiobooks on Kobo, the importance of planning and adjusting in the author journey, defining your best life in writing, and the importance of professionalism for authors and speakers.
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Quick takeaways
Creating a financial roadmap with clear income targets is crucial for new authors to measure progress and set realistic expectations.
Authors aiming for success should align their writing career with their personal goals and create a sustainable business that gives them freedom and financial freedom.
Author Nation, the largest indie author conference, aims to provide a platform for authors to connect, access valuable information, and foster a sense of community, while delivering measurable outcomes for their growth and success.
Deep dives
Creating a Budget and Plan for New Authors
For new authors, it is important to create a budget and plan for their writing journey. This includes understanding the costs and time required to publish their first book and become profitable. Having a clear financial roadmap for the next few years sets realistic expectations and allows for measurement of progress and adjustments along the way.
Finding Financial Freedom for Ambitious Authors
Ambitious authors aiming to reach the next level of success should consider what their best life through writing looks like beyond just monetary goals. Understanding the lifestyle they desire will help them set realistic income targets. Financial freedom can be achieved without necessarily aiming for seven or eight figures. It's about aligning their writing career with their personal goals and creating a sustainable business that gives them the freedom to write the books they want and live life on their terms.
Author Nation: The Future of Indie Author Conferences
Author Nation is positioned as the largest indie author conference in the world, building on the legacy of 20Books Vegas. The event aims to provide a platform for authors to connect with their tribe, access valuable information, and foster a sense of community. It has both training and networking components to serve authors at various stages of their careers. The conference focuses on delivering measurable outcomes, such as increasing the number of published authors, helping authors achieve profitability, and providing valuable resources for continued growth and success.
Importance of Planning and Adjusting in Author Journey
Planning and adjusting are crucial in an author's journey. It is important to have a clear plan and be able to evaluate and adjust when things aren't going as expected. This includes being open to new opportunities that may be better than the original plan. Without a plan, it is easy to be swayed by every new opportunity that comes along. Planning also involves considering the time and financial aspects of being an author, budgeting time and money effectively, and understanding the need for reliability, especially in certain genres where book series are expected.
Focus on Building Brand and Community for Midlist Authors
For midlist indie authors who are making around $1,000 a month, the key focus should be on building a brand and community. It is crucial to connect with readers on a deeper level, making them identify with your story world and characters. This requires understanding what your brand represents in the marketplace and leveraging marketing to create a strong connection with potential readers. Building trust with readers is essential, and this can be achieved by ensuring that your marketing reflects the essence of your books and consistently delivers on the promise to readers. Building a brand and community takes time and effort, but it is necessary for long-term success in the author business.
Wherever you are on the author journey, there are some important questions to consider along the way. Joe Solari outlines a strategic step forward for new authors, midlist indies, and those with ambitious financial goals. Plus, what is Author Nation? In the intro, Top 10 trends for publishing [Written Word Media]; Indie author predictions for […]