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St John Starling's avatar

To my knowledge, I'm more or less the only person using my exact business model, but I figure it's worth mentioning as an alternative route with different costs & benefits. It's not yet at the level of a full-time income, but I believe that's only because I've been moving a bit slowly (life stuff delaying me, you know how it is):

- I serialized a polished first draft of my novel for free in a newsletter, this works for me because I tend to under-write rather than over-write, so I can pretty much guarantee that whatever I come up with will hold together narratively but would benefit from additional content.

- At the same time I'm running a patreon with bonus content, though for future books it'll hopefully offer the opportunity to read a few weeks ahead on the serial, for the sake of not overworking myself.

- Then I'm re-editing and adding in a ton of new but necessary material to the book, mostly new scenes of high heat or high drama, and I'm going to put that up for sale for my existing audience from the serial (I'm also currently serializing this version of the novel to patrons).

- For future projects, I am also planning on running an ad or two in the newsletter (from small businesses who would be friendly with my content) - it turns out the newsletter itself is surprisingly valuable! At my current 5K subs, I can expect to charge somewhere around $100 per ad, meaning if I'm sending out an email a week I'm looking at around $400/month per ad. I haven't started working on this yet, though, so it's hypothetical.

So, like, free book supported by Patreon and ads + final extended edition for purchase. It’s pretty much the same business model as almost all other internet businesses that aren’t books - YouTubers, podcasters, etc.

The main benefits, from my perspective, to this model are

- Being able to spend a long time with each project giving it a lot of care

- Slightly less dependence on platforms and algorithms - getting the bulk of my following in a newsletter means even if everything else goes to hell I can download and keep my audience.

Downsides I can think of are mainly risk-related, mostly to do with converting free readers to paying readers, but so far my audience is proving pretty loyal and engaged, so I'm reasonably confident they'll purchase the final edition of the book.

I am just sort of making this up as I go and have not gotten through the full cycle with my first novel yet (life mess.) I haven't tried the more standard publication route either, so I'm not entirely sure how it stacks up against it.

The info about Ingram is really helpful btw. Thank you!

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