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
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