Showing posts with label business plan. Show all posts
Showing posts with label business plan. Show all posts

Why Every Book Needs a Proposal


By Terry Whalin @terrywhalin

I've read thousands of book proposals as an acquisitions editor and a former literary agent. I've taught on this topic of book proposals for many years because I believe many writers don't understand the critical nature of this specialized document called a book proposal.

On the traditional side of publishing, editors and agents read proposals. It doesn't matter whether you've written nonfiction or fiction because this document includes information which never appears in your manuscript yet is critical detail in the decision making process. I wrote my first edition in 2004 as a frustrated editor who wanted to help writers send better submissions. Book Proposals That Sell has received over 100 Five Star Amazon reviews and helped many writers. Publishing has changed a great deal since I wrote this book and now the revised edition is going to be released on October 5th.

From my perspective of working in book publishing for over 30 years, every author should create a book proposal for their book—whether eventually they publish the book with a company where they pay to get it published (subsidy or self-publishing) or whether they find a traditional book publisher. In the proposal creation process, the author learns some critical elements about their book concept plus they are better positioned in the marketplace.

Here are four benefits of proposal creation (and I'm certain there are many more):

1. You Define Your Target Market. Many authors believe their book will hit a broad target—everyone. No successful book is for everyone. Each book has a primary target audience and the proposal creation process helps you define, pinpoint and write about this audience. It is important in nonfiction but it is also important in fiction. For example, romance is the largest fiction genre yet there are many divisions within the romance genre. Every proposal needs a target which is defined—yet large enough to generate volume sales. You learn and achieve this balance when you create a page-turning book proposal.

2. You Understand Your Competition. While creating a proposal, the writer has to take a hard look at which books are competing with your idea. This process helps you understand the marketplace. Many new authors believe they are writing something unique with no competition. It's not true. Every book competes in the marketplace and you will be a better equipped author if you understand your competition.

3. You Create A Personal Plan For Marketing. Whether you like marketing or dislike it, the reality is every author has to market their own book. It doesn't matter who publishes your book—whether you self-publish or go with a large traditional house. As you create a book proposal, you will be including practical, specific and measurable ideas that you can execute when your book enters the market. The proposal will be a valuable reference tool for you because you've done this important creation process.

4. You Possess A Valuable Tool To Pitch Agents and Editors at Traditional Houses. I've written it a number of times but it bears repeating here. Literary agents and editors do not read manuscripts. They read book proposals. Even novelists need a book proposal for their initial pitch to an editor or agent. And if you self-publish and are successful with selling your book, because you own everything, if you receive an attractive offer from a traditional house, then you can move the book. Without a proposal you can't properly pitch the concept and you've eliminated this possibility.

I believe writers should explore every option and keep their possibilities open. You've narrowed the possibilities rather than expanded them if you don't have a proposal.

If you make the effort to create an excellent book proposal, then you will be ready to pitch your book at any time and any place.

W. Terry Whalin is an acquisitions editor at Morgan James Publishing. His work contact information is on the bottom of the second page.  He has written for over 50 magazines and more than 60 books with traditional publishers.  His latest book for writers is 10 Publishing Myths, Insights Every Author Needs to Succeed. Get this book for only $10 + free shipping and over $200 in bonuses. 
On October 5th, his classic Book Proposals That $ell (the revised edition) will be released. At the book website, you can get a free Book Proposal Checklist. Watch his 60-second book trailer hereHe lives in Colorado and has over 190,000 twitter followers

Why does every book need a proposal (even if you self-publish)? Get the details here from this prolific author and editor. (ClickToTweet)

Goal Setting: It’s Not About Ideas – It’s About Making Ideas Happen


“It’s not about ideas. It’s about making ideas happen.” —Scott Belsky

We’re into the second quarter of this year. It’s time to think about where you’ve been and where you’re heading. It’s time for ideas.

According to Business Dictionary, an idea is “a thought or collection of thoughts that generate in the mind.”

They’re usually derived from intent, but they can also be unintentional.

Ideas are the foundation of all advancements. And, they’re at the foundation and growth of your business.

While ideas may be the initiating force behind success, they’re powerless without action.

Action is the implementation of an idea. Action is taking deliberate steps toward an end. Action is what makes dreams a reality.

So, how do you turn an idea into an actionable plan?

Four basic steps you will need to take to get started.

1. Create a plan.

First: Take that idea and actually write it down, don’t just type in your laptop or computer, actually write down what you’re idea or goal is. Then you can put it in your computer.

This idea should be considered your long term objective.

Second: Divide your long term goal into short term goals with actionable steps you can take to reach your objective.

Suppose your objective is to boost your social media marketing in order to build a large and loyal following with conversion potential. Divide that into sub-categories. They may be:

• Two to three social media channels to devote more time and effort into
• Who will handle this strategy (if you’re a solopreneur, it’ll be you)
• Time to be allotted to this new strategy
• Budget for this new strategy
• Create user engagement and connections
• Actionable steps needed to accomplish this new goal

Why write your goals and action steps down?

According to an article in Entrepreneur.com, “Warren Buffett has described writing as a key way of refining his thoughts.” And, “Richard Branson once said, ‘my most essential possession is a standard-sized school notebook,’ which he uses for regular writing.” (1)

Along with this, another article, 5 Reasons Why You Should Commit Your Goals to Writing, explains, “Dr. Gail Matthews, a psychology professor at Dominican University in California, did a study on goal-setting with 267 participants. She found that you are 42 percent more likely to achieve your goals just by writing them down.” (2)

Writing goals down takes more thought than typing away. This makes you more conscious of what your goals are. It adds, if you will, emphasis to what you want.

So, it’s easy to understand that writing your ideas / goals down is a key to fulfilling your goals.

Finally, keep your goals and action steps front and center. You need to see them daily (throughout the day) as a reminder of your intent.

TIP: Make sure your action steps are realistic and doable. Nothing will squash your motivation and efforts more than not being able to fulfill your action steps.

2. Implement your plan.

Your goal and actionable steps are on paper and in your computer. Now it’s time to actually take action. Follow through and post more to the social media channels. Engage with other users by Retweeting, Following, Liking, Sharing, and so on. Take all the actions you’ve listed in your plan.

3. Keep it up – persevere.

Whatever action steps you do, do them wholeheartedly and regularly. Don’t give up because you don’t quickly see results. Give it time to determine if the steps you’re taking are the right ones for you and your business.

4. Analysis and Revise.

While you do need to give your actions time to generate positive results, you also need to test what you’re doing.

Determine what’s working and what’s not. Then revise your plan accordingly.

Don’t waste time on efforts that aren’t working. Try a different approach or marketing strategy.

Your time and effort will be much more productive if you regularly test your results.

There you have it, four basic steps to creating and implementing a business plan. Take the time to write your ideas / goals down and create and implement actionable steps to help you achieve them.

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References:

(1) http://www.entrepreneur.com/article/234712
(2) http://michaelhyatt.com/5-reasons-why-you-should-commit-your-goals-to-writing.html

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