The Wealthy Author

Steve J Larsen & Marley Jaxx

Old publishers hand you royalties. We help you build revenue. Steve J Larsen and Marley Jaxx document their mission to help 100 authors sell 100 books a day, and break down how each book sells the backend offers that actually make authors wealthy. Book marketing and publishing strategy for experts who are done with the old model.

Episodes

  1. 6d ago

    The WORST kind of Book to Write (The 'Process' Book)

    A college professor handed out Play-Doh and popsicle sticks, gave everyone 10 minutes to build a prototype, then banned them from looking at it or explaining it. In this episode, Steve J Larsen uses that lesson to break down the three reasons books fail, and the difference between a process book that expires in six months and a framework book that outlives you. In this episode: The professor who ran IDEO’s human-centered design process on a classroom using Play-Doh and construction paperIDEO invented the computer mouse for Steve Jobs and knew nothing about computers. The end user is the only source of data.Why a blank Google Doc is gambling, and what a 25 to 50 person room gives you that a packed one never willIf you have to explain your own book, the book did not do its jobThe two apple trees that never fruited until Steve pruned 100 shoots off each, then overproduced so hard the branches crackedRyan Holiday writes 500,000 words and deletes down to 50,000. Annie Grace: most authors write multiple points instead of one.Process vs. framework, settled by the five-day challenge: if moving the pitch from day five to day one breaks it, you built a processThe buddy who spent $150 million on Facebook ads, and why his book could not be about Facebook adsThe delete drill: 100,000 words spoken on stage in two days, and StageBook cut from 55,000 words to 38,000The number one reason authors rewrite a book they paid a ghostwriter $50,000 forTimestamps: 00:00 The fastest book to write, and the strongest 00:53 The professor who ran marketing for Pizza Hut and Denny’s 01:19 Play-Doh, popsicle sticks, and 10 minutes 02:16 Hand it over. Do not look at it. 03:13 Rule two: you are not allowed to explain it 04:35 IDEO, the computer mouse, and your toothbrush 05:29 The end user is the only source of data 06:22 A book is a permanent way to be wrong 07:41 Visionaries live in the future. Readers live in the present. 09:02 The book I rewrote three times from scratch 09:54 Why we run small events on purpose 12:32 The book I proofread and thought, what was the point of this 13:24 The client I made livestream his speeches first 16:28 A good book has one point 17:20 Offer Launch went from 16 chapters to 8 17:48 Yard manager: contracts, invoices, and net 30 at 14 years old 21:45 Two apple trees and 100 shoots 22:40 The year the branches cracked 23:06 More is not better 24:30 Ryan Holiday deletes 90% of what he writes 25:30 Annie Grace on the one-point book 25:58 35,000 words that land beat 90,000 that read like a dictionary 27:24 You do not fill your own wallet 28:46 Reason three: the process book 29:43 $150 million in Facebook ads, and the book he could not write 31:09 What is the 20% that still works after 20 years 31:41 Sequence vs. principle 32:14 The five-day challenge test 34:20 Go one layer deeper and the book stays true 35:55 When a flash in the pan book is the right call 37:00 The moment the room does not react the way you expected 38:40 Confidence changes how loudly you market it 40:37 StageBook: 55,000 words cut to 38,000 41:06 Why ghostwritten books get rewritten 41:38 The delete drill 42:42 The David is already inside the marble 43:50 Beat My Funnel: two case study spots open Links: Beat My Funnel, two case study spots (start with an author interview): https://thestagebook.com Get StageBook: https://stagebookbook.com Record a question for the show: https://thewealthyauthor.com Pursuit of Profit Publishing: https://pursuitofprofitpublishing.com

  2. Oct 27

    What Goes IN the Book to Turn Readers Into LEADS?

    In 2007, Gallup put a one-time use code inside the back cover of StrengthsFinder 2.0 and killed its own used book market. That book then spent 1,609 days in Amazon’s top 100. In this episode, Steve J Larsen keeps a promise from episode two and shows you exactly what to write into a book so Amazon buyers end up in your pipeline instead of Amazon’s. In this episode: The one-time code that made a used copy worthless, and why a 200-person company had to buy 200 copiesAmazon sells your book and keeps your customer. You get a royalty. No name, no email, no way to follow up.The question is not how to sell more books. It is what happens in the first 11 minutes after someone opens the front cover.Put something in the book that only works when the reader leaves the book and comes to youFour ways to do it: a one-time code, a companion course, a free software trial, and full page ads in the back (Expert Secrets v2, Dan Kennedy)Rich Dad Poor Dad started as the manual for the Cashflow board gameWhy Steve refuses to put the companion course behind a members area login, and how a share button sent 20% of his trafficGiving the bonuses away to people who never bought the book: 2 to 5 extra leads for every book buyerRyan Lee’s 53% close rate on readers who finish one chapter and start the companion courseWrite a real book. We do not write books that are transcribed webinar pitches.Timestamps: 00:00 The promise from episode two 00:50 Gallup kills the used book market 01:23 The one-time code inside the back cover 01:50 200 employees means 200 copies 02:18 1,609 days in Amazon’s top 100 02:47 Why you still put the book on Amazon 03:45 Amazon gets the customer, you get the royalty 05:07 The first 11 minutes after the cover opens 05:36 Ryan Lee’s QR codes and the resources page 07:26 Put something in that only works if they come to you 07:56 The only advertisement a stranger pays to consume 09:52 Full page ads in the back: Expert Secrets and Dan Kennedy 11:14 Companion software and free trials 12:08 Rich Dad Poor Dad and the Cashflow board game 13:32 The companion course at the end of every chapter 15:54 Not a sales message. A real book. 16:51 My favorite version: the stage video behind each chapter 19:05 Why I will not hide it behind a login wall 20:24 The share button that drove 20% of my traffic 22:08 Perennial seller vs. a book that fills a business 23:03 Ryan Lee’s 53% close rate 23:56 Slow down to speed up 24:22 Republishing a book you already wrote 25:42 Give the bonuses to people who never bought 27:05 2 to 5 extra leads per book buyer 28:51 Next episode: the lawsuits nobody is talking about Links: See a real companion course: https://stagebookbook.com/resources Get StageBook: https://stagebookbook.com Record a question for the show: https://thewealthyauthor.com Pursuit of Profit Publishing: https://pursuitofprofitpublishing.com

  3. Oct 23

    Ryan Lee: 4,000 Copies in Week One, 25,000 in a Year, and a 53% Close Rate

    One year after selling 4,000 copies in his first week, Ryan Lee has sold 25,000 copies of Retire in 10 Years or Less. And when people who read his book complete the first step of its companion course and then book a call, 53% of them buy his program. In this episode, Steve J Larsen and Ryan break down the launch, the funnel, and the numbers. In this episode: Why Ryan paid a New York Times bestselling co-author for 18 months, then wrote the book himselfHis wife’s publisher “did exactly nothing”The book launch summit: 30+ experts, including Robert Kiyosaki and Ed Mylett, answer one questionA free 3-day live event, and buyers who bought 100 copies at a timeQR codes at the end of every chapter that turn Amazon buyers (about 200 a day) into leadsClose rates by where the lead came from: stage 3%, podcast 10%, book buyers 15%, book buyers who started the companion course 53%Why Ryan is cutting 80% of his stage travel“Your dream has to be bigger than your excuse”Timestamps:00:00 Intro00:45 Who Ryan Lee is03:20 Ryan joins04:00 18 months of drafts, then he wrote it himself06:00 Publishers “do exactly nothing”07:30 Expert Secrets’ first month vs. Ryan’s first day08:15 25,000 copies in one year09:00 The book launch summit with 30+ experts11:00 The free 3-day event and “buy the book”13:00 Why the summit can’t be about your book14:15 Book bundles and 100-copy buyers16:20 QR codes in every chapter17:40 Turning the summit recording into an upsell19:30 Close rates by where the lead came from22:00 Cutting 80% of stage travel23:40 Ben Hardy: your goal decides your book25:00 The companion course as a second book30:00 Six months to build the launch32:30 Your dream has to be bigger than your excuse Links:Get Ryan’s book and see his funnel: https://retirein10years.comRyan Lee: https://ryandlee.comStageBook: https://stagebookbook.comRecord a question for the show: https://thewealthyauthor.com

  4. Oct 23

    The Secret Behind Our Unique Book Launch Model

    In 1850, 30,000 people met a singer at the docks who most of them had never heard sing. In this episode, Steve J Larsen breaks down P.T. Barnum’s launch formula, the same 1800s model behind a 950-person event and Ryan Lee’s 4,000-copy first week. In this episode: How P.T. Barnum sold his own book by bundling it with circus ticketsThe Jenny Lind story, step by step: farewell concerts, local shops making Jenny Lind products, 40 reporters, ticket sales before she landed, and a poem contest“The product sells itself” is a myth. If you’re quiet, you’re invisible.Make the market fall in love with the idea of your book before they can read itHow to make your launch feel like the readers’ launch, not yoursThe $7 ticket auctioned for $200, and how book bundles (1, 10, 100, 1,000 copies) set your price anchorWhy you need at least 6 weeks of buildup before launchThe internet is a set of distribution channels. What you put in them is the marketing.Timestamps:00:00 Intro00:40 The 2019 question that sent me to the 1800s02:00 Finding Barnum’s launch formula03:00 950 people using a 170-year-old model05:00 How Barnum sold books with circus tickets06:40 Ryan Lee: 4,000 copies and bestseller status in under 2 days09:30 The Jenny Lind story14:00 No product sells itself14:50 Make the other market jealous16:50 Get other businesses into your launch18:00 Make them love the idea first20:40 Sell before it arrives21:00 The poem contest: make it their launch25:00 The $200 ticket and book bundles28:00 30,000 people at the docks29:00 How we used it for Ryan Lee’s launch31:00 Give yourself 6 weeks of buildup32:00 The internet is distribution, not marketing34:20 1,000 copies in week one: our base goal Links:Become one of our authors (start with an author interview): https://thestagebook.comSee the StageBook funnel: https://stagebookbook.comRecord a question for the show: https://thewealthyauthor.com

  5. Oct 23

    The #1 Skill for Wealthy Authors (and Why You Shouldn’t Do It Yourself)

    A wealthy author is a marketer who wrote a book, not an author hoping for marketing. In this episode, Steve J Larsen shares the one skill no author can skip, and why the smartest authors build a sales system so they never have to do the selling themselves. In this episode: The professor who said the worst students think he’s responsible for their educationFrom door-to-door security systems to telemarketing: how Steve learned to sellThe moment he realized he was building a marketing company instead of a sales companyThe internet is great for getting leads. The phone is where the sales happen.Why we measure revenue added to your business, not copies soldGeneral marketing vs. direct response, told through an NBA arenaThe 4 functions every business needs to make money: leads, sales, delivery, and repeat salesAuthor vs. business owner: “If you don’t have systems, you are the system”Timestamps:00:00 Intro00:50 The professor who rebuilt the Freedom Tower02:30 Kiyosaki: if you can’t sell, you’re not in business03:15 Door-to-door: the basic training of sales04:30 Marketing company vs. sales company08:00 The internet is for leads, the phone is for sales10:00 12 phone reps and the studio bullpen11:00 Revenue added, not copies sold14:00 Our early mistake: asking authors to learn phone sales17:00 How a $19 book can be worth $2,000 to your business18:00 Three ways to measure your book’s success20:00 Questions to ask your publisher20:50 General marketing vs. direct response24:30 What 100 books a day costs in ads25:00 A wealthy author is a marketer who wrote a book27:50 80% of every business is the same29:00 The 4 functions that make a business money31:30 34 failed products before one hit32:00 Business owners build systems37:40 Why publishers may not want you too big Links:Free workshop, The 7 Figure Book: https://7figurebook.comRecord a question for the show: https://thewealthyauthor.comPursuit of Profit Publishing: https://pursuitofprofitpublishing.com

  6. Oct 23

    The Math Behind Selling 100 Books a Day: A $19 Book With an $81 Cart

    If you can only spend $20 to sell a $20 book, you will lose to the author who can spend $70. In this episode, Steve J Larsen breaks down the real math behind selling 100 books a day: why authors need to own the channel that sells their book, and how a $19 book now brings in $81 per buyer. In this episode: The e-commerce test that showed the gap: $29 per order on Amazon vs. $68 through a funnel, same productWhat Amazon gives you (reach) and what it keeps (your data and your buyers)Why it costs about $70 to sell a book with Facebook ads, and how authors can still afford itThe return-on-ad-spend rule: if $1 in brings $2 back, you don’t need a marketing budgetHow to run ads without spending your own money, starting brokeThe “primer water” story, and why you shouldn’t spend your first profitsWhy paid ads give you control that organic posting never willTimestamps:00:00 Intro00:40 Owning the channel that sells your book01:00 Same $29 product: Amazon vs. a funnel04:00 Amazon: huge reach, zero data07:00 Spend $70 to sell a $20 book08:30 Our $19 book’s $81 average cart10:40 What it really costs to sell a book with Facebook ads13:40 Rich questions vs. poor questions16:00 $1 in, $2 out: why you don’t need a marketing budget20:00 Running ads when you’re broke24:30 Don’t drink the primer water26:40 How AI changed Facebook ads in 202629:30 Launch week vs. daily sales32:00 Paid ads bring control33:45 The HVAC and chiropractor examples35:30 The one question every author should ask Links:See the $19 book funnel in action: https://stagebookbook.comRecord a question for the show: https://thewealthyauthor.comPursuit of Profit Publishing: https://pursuitofprofitpublishing.com

  7. Oct 23

    How to publish, without giving up your IP

    Every traditional publisher I talked to wanted the same deal: they promote your book for about six weeks, hand you 15 to 25% royalties, and keep your IP for life. So I walked away and built a new kind of publisher. In this first episode, Steve J Larsen breaks down the numbers the publishing industry doesn’t advertise, and why he and Marley Jaxx built a publishing model where authors keep their IP and the book feeds the business behind it. In this episode: Why Steve deleted a 50,000-word book live on social media and started overHalf of new books from the top 10 publishers sell under 1,000 copies (BookScan)A $1.2 million advance backed by only $62,000 in marketing, admitted under oath in the 2022 Penguin Random House trial85% of $250K advances never earn outHow Ryan Lee sold 4,000 copies in his first week, then went from 2 or 3 sales a month to 23 to 25 with a “book flywheel”How a $19 book is worth $81 per buyerThe 3 problems every author hits: how slowly books get written, no sales after launch week, and suddenly needing to learn phone salesTimestamps:00:00 Intro00:30 Deleting my first book in public04:20 Shopping Hay House and Penguin: every one wanted my IP07:30 Half of new books sell under 1,000 copies08:15 $1.2M advance, $62K marketing12:45 85% of big advances never earn out14:50 The self-publishing street cred problem16:00 How a $19 book becomes worth $8117:00 A new model: authors keep their IP18:45 From ClickFunnels to book funnels22:00 Ryan Lee’s 4,000-copy launch and the book flywheel26:30 The 3 problems we solve for authors33:50 What this show is about, and how to send in your question39:15 Why events and books capture market share42:30 Only 35 of the top 100 author podcasts are still active Links:Get StageBook (use a stage to film your book before it’s written): https://stagebookbook.comRecord a question for the show: https://thewealthyauthor.comPursuit of Profit Publishing: https://pursuitofprofitpublishing.com If this episode hit a nerve, follow the show and leave a review. We’re on a mission to get 100 authors selling 100 books a day.

Ratings & Reviews

5
out of 5
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About

Old publishers hand you royalties. We help you build revenue. Steve J Larsen and Marley Jaxx document their mission to help 100 authors sell 100 books a day, and break down how each book sells the backend offers that actually make authors wealthy. Book marketing and publishing strategy for experts who are done with the old model.