What Defines a Bestseller in Books?



Every author dreams of writing a bestselling book, but few new authors really understand what it takes to be a bestseller and just what defines a bestseller.

What it takes is selling a lot of books. How to do so is an entire topic of its own, but before figuring out how to reach the goal, authors first need to understand what the goal is. Just what does it mean to have a bestselling book-how many books do you have to sell?

Today, a bestseller is usually determined either by 1) Making the New York Times Bestseller list, 2) Having a high Amazon sales rank, or 3) Selling a large number of copies.

How does a book get on the New York Times Bestseller list? The truth of the matter is it’s rather arbitrary. The New York Times has relationships with numerous bookstores that report their weekly sales to the New York Times. (Note that the New York Times’ numbers do not include Internet sales, sales in department stores like Walmart, or sales in local gift shops). The books that sell the most each week in the targeted stores determine which ones make the list. If your fishing book is selling like hotcakes in Minnesota, but no bookstore there is reporting to the New York Times, your book isn’t going to make the list, even if you sell more copies than the current Harry Potter of that week. Just as political polls have margins for error, so do the bestseller lists because it would be impossible to track each week every book sold everywhere in the country.

A book that never appears on the New York Times Bestseller list may well be a bestseller and outsell books on that list over time. Books that do not make a hit when they first come out can become popular through word-of-mouth and sell enough copies to achieve bestseller status even if they never appear on any bestseller lists. (Note that other lists exist such as Publishers Weekly, but the New York Times is the best known. Comparing a few different lists will show different books and different ranks, which shows no numbers are perfect representations of book sales. Accurate numbers are nearly impossible to acquire since publishers withhold sales numbers as privileged information, until generally books sell a million copies and then publishers simply print something like “Over a million copies sold” on paperback reprints).

Amazon has also become a key player in determining a bestseller because it provides a sales rank for each book listed. By getting a high sales ranking, for example, top 100, a book can also claim bestseller status. Like the New York Times, however, if a book on Amazon sells steadily but does not sell a large number within a short timeframe, its sales rank is not likely to go up as high as a book that sells ten thousand in a week. According to Brent Sampson’s “Sell Your Book on Amazon” (2007) to acquire a ranking of 1-10, a book must sell over 500 copies in a day. Books that sell only one copy a week by comparison, end up in the 10,000-100,000 ranking. Many authors follow various strategies to manipulate and increase their book’s Amazon rating by holding campaigns to sell as many books as possible within a week.

So just how many books do you need to sell to claim bestseller status? According to self-publishing guru, Dan Poynter, the number is 35,000. Since the popularity of a bestseller can be long or short, I think that’s a fair number. A book might come out and make a huge hit and sell a million copies in a year, and then be forgotten. Other books, like the Bible, “A Tale of Two Cities” or “Pride and Prejudice” never appear on bestseller lists but they continue to sell steadily and have far outsold most books making the bestseller lists simply by their quality, word of mouth, and acceptance as great literature.

To sell 35,000 copies of your book is a big task. Studies show that 500,000 books a year are now being published. Of those, over 98% will sell less than 500 copies. If you’re just starting out, shooting for 500 is a good start. After that, I would say you’re moderately successful-and ready to strive for the thousands.

How important is it to claim “bestseller status”? At Wikipedia is an excellent list of all top ten bestsellers by year in the United States. Take a look at the list from 1951:

From Here to Eternity by James Jones The Caine Mutiny by Herman Wouk Moses by Sholem Asch The Cardinal by Henry Morton Robinson A Woman Called Fancy by Frank Yerby The Cruel Sea by Nicholas Monsarrat Melville Goodwin, U.S.A. by John P. Marquand Return to Paradise by James A. Michener The Foundling by Cardinal Spellman The Wanderer by Mika Waltari My guess is that, with the exception of maybe the first two listed, most of us have never heard of these books. So I ask again, how important is it to have a bestseller?

Your book may never make a bestseller list, but steady wins the race. Over time, you may sell more copies of your book than those books that make the bestseller lists. Authors dream of becoming famous over night, but producing a quality book is the best investment if you’re looking for longevity, and longevity, in my opinion, is the best indication of success.

Personal Finance Books To Ensure Your Personal Gains

Dave Ramsey writes a book called The Total Money Makeover, and he uses his radio talk show wit and personality to preach about the importance of working hard and paying what you owe to avoid debt. The best way to get wealthy is to stay out of debt no matter what and to always pay cash. Because paying with credit is the road to debt and financial ruin, for every small step with credit is like sinking into a deeper hole. Also, he advises to save 1000 dollars and pay off all debts so that there will be nothing there lurking and keeping you from making your big bucks. Using tips of motivation and encouragement, Ramsey provides a guidebook that can really help with personal finance in a big way.

Denise and Alan Fields team up to write Baby Bargains: Secrets to Saving 20% and 50% on Baby Furniture, Gear, Clothes, Toys, Maternity Wear, and Much, Much More! This novel is targeted to couples expecting a new baby and hoping to get their finances geared up and ready for the new commitment headed their way. There are many thing and needs that go along with a new baby and this novel helps you really manage what is to come by helping you buy things at good costs and get good deals on the essentials. The book sifts out the important investments from the things that aren’t that essential, such as extremely expensive blankets or bottles and thus helps you avoid wastes of money.

Suze Orman writes The Money Class, a book that discusses the American Dream of wanting to have home, family, a job, and then eventual retirement that can all be met with security and a sense of financial freedom. In this book she talks about how people must be truthful about their wants and that will help inform all of one’s personal choices. She emphasizes the importance of confidence that comes from working hard and knowing that we must take care of the present. This book will help you really get sight of your dreams and figure out just what it is that you need to prioritize when working on your dreams and will lead you to financial success and freedom.

For women, Mika Brzezinski writes Knowing Your Value: Women, Money, and Getting What You’re Worth. This novel discusses the ways in which women can obtain their recognition in an often man dominated world. This book is good for women as it discusses the way in which men perceive the moves that women make so that you can get a comprehensive perspective of how all parties thing. This also includes many stories that are woven with research about important issues like equal pay as well as a variety of other important issues.

Joanie Demer and Heather Wheeler write Pick Another Checkour Lane, Honey: Save Big Money and Make the Grocery Aisle your Catwalk! This book has many tips that help one save money and do things like use coupons and other methods that can really help you save money. Plus, the book is written in an engaging and humorous way so that you can also have fun while figuring out ways that can help you save money.

Reading Business Books: a Must-do for Entrepreneurs

Reading Business Books: A Must-Do for Entrepreneurs

As a business owner, one of the most important things you can do to boost your business and improve your professional skills and knowledge is to take the time to keep up with the latest business literature.

As an entrepreneur, it’s easy to feel like the challenges you face every day are unique to your situation. However, it is very likely that other professionals have faced, and overcome, many of the same challenges. There are so many great publications geared toward helping entrepreneurs just like you learn to deal with the day-to-day personal and professional challenges they face. Time you spend keeping yourself current with business literature is definitely time well spent. It is an investment in your business and in yourself.

Whatever your challenges are, you are likely to find great business publications, authored by successful professionals and consultants, that can provide valuable insight into dealing with whatever business challenges you are facing at any given time.

Suggested Topics Include:

The following list represents just a few of the many types of business literature that can help you hone your professional skills.

Business Networking: Books such as Million Dollar Networking and Nonstop Networking by Andrea Nierenberg provide great ideas for improving your business by learning to expand your network of business contacts.

Conflict Management: When you own or manage a business, dealing with conflict is an inevitable part of your job. Books such as the national bestseller Crucial Confrontations, written by Kerry Patterson, Joseph Grenny, Ron McMillan, and Al Switzler, provide sound guidance for learning how to deal effectively with conflict.

Entrepreneurship: Dive Right In, the Sharks Won’t Bite by Jane Wesman is a great resource for those who are in the process of starting a new business, as well as for those who want to continue to improve their existing businesses.

Hiring Employees: Every time business owners are faced with adding a new employee, they wish they knew more about how to make the best choices from among the pool of applicants. Hire With Your Head by Lou Adler provides invaluable information about how to build great teams by using performance based hiring strategies.

Public Speaking: Does the thought of speaking in front of a group of people make you nervous or even terrify you? As a business owner, cultivating powerful presentation skills can be an excellent way to promote your business in your community and via the media. Publications like The Confident Speaker by Harrison Monarth and Larina Kase can help you learn how to overcome your public speaking fears.

Tip for Fitting Business Reading Into Your Busy Schedule

Entrepreneurs are notorious for taking care of everything and everyone except themselves. Most entrepreneurs will benefit greatly from making the time to focus on their own physical and mental well being, and most are also adept at multi-tasking. Since you’re probably already very good at juggling multiple tasks, why not put some of that ability to work for yourself? It’s fairly simple to combine the exercise your body needs with acquiring knowledge that can help you lead your business in an even more successful direction.

Get a treadmill or elliptical trainer, and set aside thirty minutes each day for yourself. While you are exercising, listen to the latest business books on your MP3 player, or read if you are coordinated enough to handle a book and the exercise equipment at the same time. Your health and your stress levels are likely to improve dramatically, and you will be maximizing the use of your time!