AuthenticWords
Startup Idea: A platform for self-published authors to freely write and publish their work without being bound by traditional industry expectations, focusing on authenticity and passion rather than profitability.
Pain point: People feeling pressured to conform to industry standards and tropes instead of following their passion in writing
- Categories
- Selfpublish Writing Publishing Community Building
- Idea Generated From
- Reddit Post: Anybody say "screw making money. I'm writing whatever the f-- I want"?
- Potential Monthly Revenue
- $14000
Business Plan: Authenticity-First Publishing Platform
Executive Summary:
Our business idea is to create a platform exclusively dedicated to self-published authors who value authenticity and passion over profitability. We aim to provide a space where writers can freely express themselves without being bound by traditional industry expectations. Our platform will prioritize the author's artistic vision and creativity above all else.
Business Model:
- Free Publishing: Authors can publish their work on our platform free of charge.
- No Ads or Subscription Fees: We will not rely on ads or subscription fees, ensuring that authors and readers can access content without any financial barriers.
- Revenue Sharing: We will earn revenue through a small percentage of sales from optional supporter contributions for authors who choose to monetize their work.
Competitive Advantage:
- Emphasis on Authenticity: Our platform will differentiate itself by solely focusing on authenticity and passion, attracting authors who want to maintain creative control.
- Community Building: We will foster a strong community among authors and readers who share similar values, creating a supportive environment for creative exploration.
Marketing Strategy:
- Content Marketing: We will showcase our authors' work through social media, blog posts, and email newsletters to attract readers.
- Author Spotlights: Highlighting authors and their stories to create a personal connection with our audience.
- Partnerships: Collaborating with writing communities and influencers who resonate with our values.
Financial Projections:
- Monthly Revenue Streams:
- Revenue Sharing: 70% of sales from supporter contributions
- Estimated average contribution per reader: $5
- Number of authors: 100
- Estimated monthly sales per author: 20 supporters
- Monthly Revenue: 100 * 20 * $5 * 0.7 = $14,000
Conclusion:
Our platform aims to empower self-published authors to share their authentic voices with the world while fostering a community that values creativity and passion above all. By focusing on providing a platform free from traditional industry pressures, we believe we can create a unique space in the publishing industry.
Estimated MRR: $14,000