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http://nathanlatka.com/thetop355/

In episode #355, Nathan will meet with Ryan Levesque, author of business methodology book Ask. Ryan wrote his book as a unique type of “business card.” It was a marketing tool for his “Ask Method” for businesses. After putting $1 million into his book, Ryan is now seeing the benefits, with tens of thousands of copies sold and a viable business in the education industry.

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Famous 5:

Favorite Business Book? – The Hard Thing About Hard Things
What CEO do you follow? — Elon Musk
Favorite online tool? — Slack
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be? — Don’t be so afraid, man

Time Stamped Show Notes:

01:16 – Nathan introduces Ryan Levesque, author of Ask
01:55 – Ryan wrote the book as a business tool, “a business card.”
02:40 – The first half of the book tells his personal story, a polarizing element for the book.
04:08 – more than 55,000 copies have sold.
04:35 – He was introduced to a publisher with no royalty, and his second book will have an advance
05:18 – He spent $1 million of his own money
05:42 – The biggest expense was advertising
06:28 – “If you’re writing a book to make money on the book, you’re going to be disappointed.”
07:16 – His advance for his next book is a six-figure advance–around $250,000 to $500,000 would be ideal.
08:15 – One mistake was to use partners to sell the book.
09:00 – Podcasters were the one group that understood giving out free books.
09:30 – He met with several podcasts each week.
10:20 – Ryan originally wanted to drive traffic to the “Ask Method”
11:30 – They are now exclusively an education company.
12:05 – He made over $1 million a year on his different platforms, and eventually a business hired him for $50,000 up front and 5 % royalty.
13:00 – He shifted to focusing on larger businesses.
14:00 – He works with different markets and learns about how to refine his business.
14:50 – Today they help students apply the methodology to their business.
15:28 – The book and the program work hand-in-hand.
16:28 – Go to askmethod.com for articles and downloads.
18:36 – Ryan does the Famous Five

3 Key Points:

Make your story personal.
Don’t write a book to make money—if you do, you’ll be disappointed.
Considering using a book as a promotional or marketing tool.

Resources Mentioned:

Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks – The site Nathan uses to manage his invoices and accounts.
Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

Show Notes provided by Mallard Creatives

The post Why He Spent $1M to Sell 55k Copies of His Book, “Ask” with Ryan Levesque appeared first on Nathan Latka.

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