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Decided to just bite the bullet and start a thread.
What's this thread going to be about?
I'll be honest -- not sure what exactly I'm going to put here, in the long run, other than numbers. I've kind of got a Podcast in the plans, one that's going to be partially talking about this stuff, partially talking about writing. Then there's a Vlog, which is going to have weekly updates on how things are going.
Basically, what I'm saying is, if all goes as planned, then there's going to be a lot of this stuff talked about in other places, not here. Probably going to be quoting myself a lot, or at least linking to things. Be forewarned, even if I'll do my best to keep it relevant.
What's the plan?
It's complicated -- I literally have a 15 minute power point to try and explain the first year -- but think of it like this:
Every content platform out there has a different group of people using it. iTunes. Twitter. YouTube. Pinterest. Twitch. Tumblr. If you get big on one of them, or even have moderate success, that doesn't mean that people from other platforms are going to magically find you. You're stuck there.
To sort of counteract this, people tell you you need to be on all the social media platforms to really succeed. You need to have a Facebook page, and a LinkedIn, and Google+ (...okay, maybe not that one), and all these other things to really make it.
But, the thing is, if you don't have content to give people on all of these platforms, then you're not going to get followers on anything. And, making content for all these sites? That would be it's own full-time job.
Or, you know, part time job. I mean, if you do the math and target maybe five of them really well.
So, essentially, that's what I'm going to be doing -- targeting the heck out of three different market demographics on three different platforms using five different channels of communication.
So, there's going to be:
Which will take a little more than 20 hours a week to produce for.
There's also plans to have a Patreon, so that there will be a limited but useful amount of funds coming in through there.
Now, let's go through the yearly breakdown.
2017
I start in September. I get all my ducks in a row -- including a loan -- and go from basically nothing.
I don't expect good things, from the first few months. I expect a lot of dead air. The podcast will probably do the best, realistically, based on promotional efforts and a episode campaign starting in October for NaNoWriMo. The one that will do the worst is likely the Stream.
In December is when the Audiobook will start coming out, a chapter per week. It'll be a while before there's enough backlog for a lot of ads to be worthwhile, but there will be a website for it for people to go to.
2018
In January I start Video Spring, where I try and upload a video every day. I also am hoping to go full-time with the business through to the end of the year, though now that I'm planning on getting Financial Aid with school, that plan might be shot.
In either February or March I start advertising for the book. The idea is to make a really convenient landing page where people can play the first episode and quickly flip to the next one, but the feasibility of that is... probably limited, since we'll be on a budget.
In April, we release the first alternate character perspective Ebook Novella ($2.99).
In May, going through August, we'll have Summer Streams, where I stream every day for a few hours at a certain time.
in June, we release the second alternative character perspective Ebook Novella ($2.99).
In August, we begin pre-orders on the book, and begin selling them in earnest in September. ($3.99 for the Ebook, $9.99 for a CreateSpace POD copy)
In November, we sell a Care Package for $50. Since this is the first trial test run, I'll probably have a Kickstarter or Indiegogo earlier than that, to see how many people will really buy or are willing to fund it. Sales continue into December. (approximately $10 profit per package, thought that's a guesstimate)
The goal for the first year is to make enough to fund the first month of 2019, which, without financial aid and including the cost of both the business and the loan, is about $3,000. Most of that will have to be reliant on the books, one way or another.
So, each book needs to make about $1,000 in the first year. Tall friggin' order. Good thing we aren't completely dependent on that number, because of financial aid, but let's play it out anyways.
First book in April -- nine months. Second book in June -- seven months. Third book in September -- four months. Or, really, five months, if you include pre-orders.
Amazon currently gives you %70 on ebooks that are $2.99 or more (up to a certain amount -- forgot the specifics). %70 of $2.99 is about $2.09. 70% of $3.99 is about $2.79.
So, with some rounding:
$1,000/2.09= 479 copies total
479/9= 53 copies per month
53/30= 1.76 copies per day
$1,000/2.09= 479 copies total
479/7= 68 copies per month
68/30= 2.26 copies per day.
$1,000/2.79= 358 copies total
358/5= 72 copies per month
72/30= 2.4 copies per day
So, about 2-3 copies per day. Seems... not totally impossible.
So, on to next year.
2019
This is where things get interesting. This is where the question of whether we succeed or fail really comes up.
So, I've got to ask -- what counts as a successful enough author to teach others? Do you have to be published once? Multiple times? Do you need to be traditionally published? Hit it big in Self-Publishing?
Because, essentially, I'm foregoing a lot of that and making a bunch of courses over the year. On what, you ask? Survey says: actually read the surveys.
So, this is business marketing stuff. You essentially take a whole bunch of people (AKA, my existing audience), ask them to fill out a survey, ask them questions meant to draw out their pain points ("If you could wave a wand and magically remove one thing from the writing experience, what would it be?"), and then build products around fixing that point of pain.
Will I sell a lot of them? Not really. Will I sell enough of them to make it worth while? I'd say it's fairly likely. It takes 150 courses sold at $20 to make $3,000 a month, but between financial aid, the Patreon, Twitch Subscriptions, and continued sales of the book, that number comes down to about 12 a month. And with a new course coming out essentially every other month, that means I can market new material to the same group of people.
That, and we also have the Big Project course, which is... hmm. I wonder how much I should share about that?
It's the only course I have partially planned out already. It's going to be affected by the surveys, but not as completely as the other ones are. Essentially, if you know anything about NaNoWriMo, you know that there's sponsors who show up on their site. I don't really know how it all works yet, but the plan is to put the Big Project course on the Sponsor Offers page at a discount.
I really need to go in and ask about what kind of numbers they get on that sponsor discount page, though. It really does seem like an idea too good to be true.
But anyways, first we have to actually *get to November*.
So, in January, we release the first course. (And hopefully have a second book start going the Audiobook rounds)
In March, we release the Big Project beta, ready to be debugged and souped up for November.
In May, we open a web store. (and release the first Novella at $2.99)
In June, we release the third course.
In July, we release a plush, because we can. (and release the second Novella at $2.99)
In August, we release the fourth course.
(In September we have pre-orders)
In October we begin offering Big Project at a discount. (and release the book)
In November we continue offering the Big Project at a discount, and have the Care Package for sale at $50.
In December we sell Care Packages for $50.
Aaand that's about it. I haven't done all the math for the second year yet -- all I know is we need $36,000 total to make the world go 'round. Financial aid should cover living expenses, even if I have to come by it through a student loan, and that just leaves the cost of upkeep for the business and the debt from the business loan, which should roughly be about $1,000 per month.
...Although, those numbers where before I added in advertising. And that $36,000 doesn't include the money it'd actually take to be a sponsor of NaNoWriMo, however much that would be. Hmm. Going to take some more work to get out all the kinks.
Ah well -- back to the drawing board again.
What's this thread going to be about?
I'll be honest -- not sure what exactly I'm going to put here, in the long run, other than numbers. I've kind of got a Podcast in the plans, one that's going to be partially talking about this stuff, partially talking about writing. Then there's a Vlog, which is going to have weekly updates on how things are going.
Basically, what I'm saying is, if all goes as planned, then there's going to be a lot of this stuff talked about in other places, not here. Probably going to be quoting myself a lot, or at least linking to things. Be forewarned, even if I'll do my best to keep it relevant.
What's the plan?
It's complicated -- I literally have a 15 minute power point to try and explain the first year -- but think of it like this:
Every content platform out there has a different group of people using it. iTunes. Twitter. YouTube. Pinterest. Twitch. Tumblr. If you get big on one of them, or even have moderate success, that doesn't mean that people from other platforms are going to magically find you. You're stuck there.
To sort of counteract this, people tell you you need to be on all the social media platforms to really succeed. You need to have a Facebook page, and a LinkedIn, and Google+ (...okay, maybe not that one), and all these other things to really make it.
But, the thing is, if you don't have content to give people on all of these platforms, then you're not going to get followers on anything. And, making content for all these sites? That would be it's own full-time job.
Or, you know, part time job. I mean, if you do the math and target maybe five of them really well.
So, essentially, that's what I'm going to be doing -- targeting the heck out of three different market demographics on three different platforms using five different channels of communication.
So, there's going to be:
- A Podcast
- A Vlog
- A Let's Play Channel
- A Stream Channel
- An Audiobook Podcast
Which will take a little more than 20 hours a week to produce for.
There's also plans to have a Patreon, so that there will be a limited but useful amount of funds coming in through there.
Now, let's go through the yearly breakdown.
2017
I start in September. I get all my ducks in a row -- including a loan -- and go from basically nothing.
I don't expect good things, from the first few months. I expect a lot of dead air. The podcast will probably do the best, realistically, based on promotional efforts and a episode campaign starting in October for NaNoWriMo. The one that will do the worst is likely the Stream.
In December is when the Audiobook will start coming out, a chapter per week. It'll be a while before there's enough backlog for a lot of ads to be worthwhile, but there will be a website for it for people to go to.
2018
In January I start Video Spring, where I try and upload a video every day. I also am hoping to go full-time with the business through to the end of the year, though now that I'm planning on getting Financial Aid with school, that plan might be shot.
In either February or March I start advertising for the book. The idea is to make a really convenient landing page where people can play the first episode and quickly flip to the next one, but the feasibility of that is... probably limited, since we'll be on a budget.
In April, we release the first alternate character perspective Ebook Novella ($2.99).
In May, going through August, we'll have Summer Streams, where I stream every day for a few hours at a certain time.
in June, we release the second alternative character perspective Ebook Novella ($2.99).
In August, we begin pre-orders on the book, and begin selling them in earnest in September. ($3.99 for the Ebook, $9.99 for a CreateSpace POD copy)
In November, we sell a Care Package for $50. Since this is the first trial test run, I'll probably have a Kickstarter or Indiegogo earlier than that, to see how many people will really buy or are willing to fund it. Sales continue into December. (approximately $10 profit per package, thought that's a guesstimate)
The goal for the first year is to make enough to fund the first month of 2019, which, without financial aid and including the cost of both the business and the loan, is about $3,000. Most of that will have to be reliant on the books, one way or another.
So, each book needs to make about $1,000 in the first year. Tall friggin' order. Good thing we aren't completely dependent on that number, because of financial aid, but let's play it out anyways.
First book in April -- nine months. Second book in June -- seven months. Third book in September -- four months. Or, really, five months, if you include pre-orders.
Amazon currently gives you %70 on ebooks that are $2.99 or more (up to a certain amount -- forgot the specifics). %70 of $2.99 is about $2.09. 70% of $3.99 is about $2.79.
So, with some rounding:
$1,000/2.09= 479 copies total
479/9= 53 copies per month
53/30= 1.76 copies per day
$1,000/2.09= 479 copies total
479/7= 68 copies per month
68/30= 2.26 copies per day.
$1,000/2.79= 358 copies total
358/5= 72 copies per month
72/30= 2.4 copies per day
So, about 2-3 copies per day. Seems... not totally impossible.
So, on to next year.
2019
This is where things get interesting. This is where the question of whether we succeed or fail really comes up.
So, I've got to ask -- what counts as a successful enough author to teach others? Do you have to be published once? Multiple times? Do you need to be traditionally published? Hit it big in Self-Publishing?
Because, essentially, I'm foregoing a lot of that and making a bunch of courses over the year. On what, you ask? Survey says: actually read the surveys.
So, this is business marketing stuff. You essentially take a whole bunch of people (AKA, my existing audience), ask them to fill out a survey, ask them questions meant to draw out their pain points ("If you could wave a wand and magically remove one thing from the writing experience, what would it be?"), and then build products around fixing that point of pain.
Will I sell a lot of them? Not really. Will I sell enough of them to make it worth while? I'd say it's fairly likely. It takes 150 courses sold at $20 to make $3,000 a month, but between financial aid, the Patreon, Twitch Subscriptions, and continued sales of the book, that number comes down to about 12 a month. And with a new course coming out essentially every other month, that means I can market new material to the same group of people.
That, and we also have the Big Project course, which is... hmm. I wonder how much I should share about that?
It's the only course I have partially planned out already. It's going to be affected by the surveys, but not as completely as the other ones are. Essentially, if you know anything about NaNoWriMo, you know that there's sponsors who show up on their site. I don't really know how it all works yet, but the plan is to put the Big Project course on the Sponsor Offers page at a discount.
I really need to go in and ask about what kind of numbers they get on that sponsor discount page, though. It really does seem like an idea too good to be true.
But anyways, first we have to actually *get to November*.
So, in January, we release the first course. (And hopefully have a second book start going the Audiobook rounds)
In March, we release the Big Project beta, ready to be debugged and souped up for November.
In May, we open a web store. (and release the first Novella at $2.99)
In June, we release the third course.
In July, we release a plush, because we can. (and release the second Novella at $2.99)
In August, we release the fourth course.
(In September we have pre-orders)
In October we begin offering Big Project at a discount. (and release the book)
In November we continue offering the Big Project at a discount, and have the Care Package for sale at $50.
In December we sell Care Packages for $50.
Aaand that's about it. I haven't done all the math for the second year yet -- all I know is we need $36,000 total to make the world go 'round. Financial aid should cover living expenses, even if I have to come by it through a student loan, and that just leaves the cost of upkeep for the business and the debt from the business loan, which should roughly be about $1,000 per month.
...Although, those numbers where before I added in advertising. And that $36,000 doesn't include the money it'd actually take to be a sponsor of NaNoWriMo, however much that would be. Hmm. Going to take some more work to get out all the kinks.
Ah well -- back to the drawing board again.