Michael Drew – Why Self-Published Authors Can't Hit Major Bestseller Lists (And What to Do Instead)

Michael Drew is the founder of PromoteABook.com (established 25 years ago) and BookRetreat.com, with a track record of helping 132 consecutive books hit major bestseller lists including The New York Times, USA Today, Wall Street Journal, and Success Magazine. Starting his career at age 18 as the #3 salesperson at Executive Excellence (a division of Covey Leadership Center), Michael impressed industry leaders and landed at Bard Press by age 19, where he was tasked with understanding how bestseller lists actually work. His first campaign launched "Secret Formulas of the Wizard of Ads" by Roy H. Williams to #3 on The New York Times and #1 on Wall Street Journal. Today, 85% of his work focuses on building thought leadership platforms, with 110 clients permanently increasing their gross revenue by $1 million+ per year, 10 clients increasing revenue by $50 million+ per year, and 7 clients increasing revenue by $100 million+ per year through strategic book campaigns.

In this episode:

• Bestseller lists as sophisticated polls, not real sales rankings
• Only 7 of 132 bestselling clients made money from book sales
• 110 clients permanently increased revenue by $1M+ per year using their book strategically
• Brick-and-mortar stores represent 75% of book sales
• The three major lists: New York Times, USA Today, Success Magazine
• Self-publishers cannot hit major bestseller lists (distribution requirements)
• IngramSpark distribution won't work for bestseller campaigns
• Co-op fees: $1-5 per unit for retail shelf placement
• New York Times requirements: 20K print, 10K ebook, 10K through Amazon
• Online media: 350 blogs, 90 podcasts, 90 vlogs, 50K+ social engagement per platform
• Traditional media: 100 TV markets, 100 radio markets, 100 print markets
• Amazon bestseller lists have no real value
• The uncovering: two-day meeting defining outcome, measurement, strategy, tactics
• Book Retreat in Guatemala: write your book in 30 days using 64 blog posts method
• Content repurposing system: blog posts become videos, podcasts, social media, and book

Resources mentioned:

• Promote A Book: https://promoteabook.com/
• Book Retreat in Guatemala: https://bookretreat.com/
• "Secrets of the Millionaire Mind" by T. Harv Eker
• "Secret Formulas of the Wizard of Ads" by Roy H. Williams (Michael's first campaign)
• "Pendulum: How Past Generations Shape Our Present and Predict Our Future" (co-authored with Roy Williams)
• "Nuts: Southwest Airlines Crazy Recipe for Success" published by Bard Press
• KDP (Kindle Direct Publishing)
• IngramSpark

Connect with Michael Drew:

• Email: michael@promotabook.com

Connect with Teddy Smith:

• @teddyagsmith
• Website: https://publishingperformance.com/?ref=ywm3mtc
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• Linkedin - https://www.linkedin.com/company/publishing-performance/