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Very good comments - worth reading through those. I posted one too: --- Would your 3000 rabid fans be willing to sponsor you at $1/m in exchange for some kin
by swombat 17y ago
Very good comments - worth reading through those.
I posted one too:
---
Would your 3000 rabid fans be willing to sponsor you at $1/m in exchange for some kind of precious items? Like a personal thank you note and access to all your books in ebook format the minute they're done?
That'd net you $3000/m, which is not a huge amount, but a start. And maybe you can get more than $3000, by asking for a floating donation - i.e. set the minimum to $1/m but let them specify an amount (some people would possibly be willing to donate up to $10 or even rarely $50/m to you if they really are rabid fans?)... or by increasing your fan base... If you can reach new markets and get, say, 10'000 rabid fans instead, or if you can convince people who are not quite rabid fans to sponsor you anyway, you could make a very comfortable revenue from this subscription model.
Ultimately, you are a "business" whose product is a flow of cool new books. The current model suggests that people pay for book that you've already written, but perhaps you need to turn it on its head and ask people to pay for the books that you're going to write. This would basically be a kind of micro-patronage.