What’s A Market and Why Do You Need One?

This post is a blogged draft excerpt from The Author Training Manual (Writer’s Digest Books, March 2014). Read the previous blogged excerpt, here.

Authors need to target a market successfully.As a writer who wants someone in addition to yourself to read your work, you need a market for your book. You can’t write “the book you want to read” and make it successful unless lots of other people are just like you or have the same interests as you. This means that before you write your book you have to discover if, indeed, other people like you exist. Or else you have to write a book that lots of other people who aren’t necessarily like you want to read (and hopefully that you want to read, too—although some writers write books they have no interest in reading but that lots of other people do want to read).

In the publishing industry these other people who might be interested in reading (or buying) your book are called your book’s “market” or “target market.” In Step #3 of the Author Training process, Determine How Many People Really Might Buy Your Book, you train yourself to see if your book idea has a large enough market to make it a viable publishing project.  As you do so, you find your readers and get to know them. This requires:

  • Identifying your readers
  • Profiling your readers
  • Familiarizing yourself with your readers
  • Identifying how many potential readers exist for your book
  • Determining where your readers “hang out”

If you want to publish a successful book, you must have a market that produces enough book sales to reach your sales goals or those of a publisher. Many aspiring authors write their books without first evaluating markets to determine if enough interest exists to support sales of their books and, thereby, publication. Or they propose books to publishers without doing so only to be rejected because no market exists for their books.

Training yourself to look at your book’s market critically accomplishes five things:

  1. You discover if enough potential readers exist for your book; if so, you can move forward with the project.
  2. You get the chance to consider new potential markets to target.
  3. You can re-evaluate the angle of your book to target bigger or more profitable markets with your content.
  4. You can identify how to target bigger or more profitable markets with your promotion plan.
  5. You can write for your reader.

From a publisher’s perspective, the bigger the market for your book, the better. The reason why is simple: The more potential readers for your book, the more potential buyers for your book; the more potential buyers for your book, the more potential money your book might earn over time. That means if your book targets a big market, it could turn into a money maker for the publisher and for you. Your venture capital partner—the publisher—might earn back his investment and make money—and so might you. If you self-publish, you will earn back the money you invest in your own project.

The Author Training ManualNote: You can read additional blogged draft excerpts from my new book, The Author Training Manual (Writer’s Digest Books, March 2014) here. Only select pieces from the manuscript, a “working draft,” were posted—not the complete manuscript. Read the next post in the The Author Training Manual blogged-book series by clicking here. Purchase the book on Amazon.com, barnesandnoble.com or at Writersdigestshop.com.

LeaLearn how to become a successful authorrn how to create a successful book—one that sells to publishers and to readers—by developing an AUTHOR ATTITUDE and writing a BUSINESS PLAN for a MARKETABLE BOOK. Register for the AUTHOR TRAINING 101 Home-Study Course, and go from aspiring to successful published author! This course is based on The Author Training Manual. If you like what you’ve read here, you’ll love the course.

© Robertds | Dreamstime.com

Profile photo of Nina Amir About Nina Amir

Nina Amir, the Inspiration to Creation Coach, inspires writers and bloggers to create published products and careers as authors. Additionally, she helps her clients and readers achieve their purpose, fulfill their purpose and make a positive and meaningful difference with their words. She is the author of How to Blog a Book, The Author Training Manual, and Creative Visualization for Writers, all published by Writer’s Digest Books. As a hybrid author, she also has published 17 books independently. She is a nonfiction book editor, proposal consultant, and an Author Coach and Trainer as well as a Book Coach. Some of her clients have sold 230,000+ copies of their books and been published by major publishing houses. Nina also is an award winning blogger and journalist, international speaker and founder of National Nonfiction Writing Month, also known as the Write Nonfiction in November Challenge, and the Nonfiction Writers’ University. Also a Certified High Performance Coach, Nina strives to help creative people Achieve More Inspired Results personally and professionally.

Trackbacks

  1. […] Amir presents What’s A Market and Why Do You Need One? posted at Write Nonfiction NOW!, saying, “If you want to publish a successful book, you […]

Speak Your Mind

*

Skip to toolbar