Here is an excellent post from Ryan Lanz’s blog on the topic of whether your book needs a sequel.
by John Briggs
Should your book be part of a series or a stand-alone?
Creating sequels to books is big business these days. It’s the popular thing and profitable thing to do, spurred on by the tremendous success of series like Harry Potter. Authors now, more often than not, conceive their books from the very first draft as multi-part series of epic proportions to relay an immense tale of, one hopes, great meaning or enjoyment.
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