I recently rewrote it to convey the core ideas, minus out-of-date details.This revisited essay appears in Tim Ferriss’ new book, Tools of Titans.Another way to calculate the support of a true fan, is to aim to get one day’s wages per year from them.Tags: Essay On HonestyMelting Pot EssayThe Middle Ground EssayDebt Vs Equity Financing Term PapersExample Of Acknowledgement In Research PaperBusiness Plan Cash FlowLiterature Review Of Financial Performance AnalysisWrite Essay For Me Cheap
With the advent of ubiquitous peer-to-peer communication and payment systems — also known as the web today — everyone has access to excellent tools that allow anyone to sell directly to anyone else in the world.
So a creator in Bend, Oregon can sell — and deliver — a song to someone in Katmandu, Nepal as easily as a New York record label (maybe even more easily).
25 in discussion with “Paula Mejia presents Psychocandy 33 1/3 launch with Rob Sheffield and Kristen Yoonsoo Kim” takes place on Oct.
This is an edited, updated version of an essay I wrote in 2008 when this now popular idea was embryonic and ragged.
“[Professor and author] Gayle Wald was my thesis adviser at the time,” Mejia says now, “and I went into her office and I said, ‘I have a crazy idea.
Can I write a thesis that is academically-rooted and use it as a way to enter this proposal for the series?True fans not only are the direct source of your income, but also your chief marketing force for the ordinary fans. For instance, despite being in business for hundreds of years no New York book publisher knew the names of their core and dedicated readers.For previous creators these intermediates (and there was often more than one) meant you need much larger audiences to have a success.— KK To be a successful creator you don’t need millions.You don’t need millions of dollars or millions of customers, millions of clients or millions of fans.The actual number has to be adjusted for each person.If you are able to only earn per year per true fan, then you need 2,000.(Likewise if you can sell 0 per year, you need only 500 true fans.) Or you may need only K per year to live on, so you adjust downward.Or if you are a duet, or have a partner, then you need to multiply by 2 to get 2,000 fans. But the good news is that the increase in the size of your true-fan base is geometric and linear in proportion to the size of the team; if you increase the team by 33% you only need to increase your fan base by 33%.That’s a high bar, but not impossible for 1,000 people world wide. While the support of a thousand true fans may be sufficient for a living, for every single true fan, you might have two or three regular fans.Think of concentric circles with true fans at the center and a wider circle of regular fans around them.