Concepts:
1000 True Fans - This article is about finding the people who are really interested in what you can do, and then serving them, and letting that be enough.
I Define 1000 True Fans, as [Enough People who Care About your Work to Help you Live.]
Because of this definition, I do not count Followers as Fans, in the social media sense, nor do I count newsletter subscribers as fans. The True Fans, are the ones who will help you monetize your projects, and your job is to make projects, and then find those people.
Here's where my True Fans are located [and also the major sources of funding for a single PROJECT]:
These Sources, by themselves aren't enough to pay for life, because I'm not a famous artiste!
But, combined, you can actually get enough to live, and you can hold off on cashing out your Crypto until it's speculative price is worth more [during the next bull run], and in the meanwhile, it allows you to stake HP / ETH.
.:.
All of the typical places funnel into these monetized platforms:
The idea would be to use each of these platforms in a way that is to its best strengths, so you build your personal business into a project based cycle, that monetizes and finds audience members in a larger ecosystem -- multiple platforms, and multiple economies.
Hey @crimsonclad - thanks.
Enjoying listening to you in Discord ATM, although I'm not sure Crim is really hearing what your saying!
@tipu curate
Upvoted 👌 (Mana: 0/21)
I think she had to sort of guide the interview and also deal with chat / audience responses.
I think by the end, most of the ideas came through pretty strong. There are a lot of parts to this thing, That's for sure.
I think the best approach for me is to come up with a bunch of diagrams for each of the pages of my project, So, with enough repetition, people will be able to see the sort of possibilities that I think might exist, and then test them for themselves.
As soon as people start committing to doing stuff like this, their own experience is going to become dominant. I think I just want to see more people doing interesting projects, cause it would be fun to see how they work out, without me taking the risk and effort of doing it myself.
Like, I can still do my own projects, but personally, I'm curious to know if it's possible for the Inkwell community to become its own wheelhouse for Kindle Publishing Novels.
Maybe they can bring a bunch of money into that community, and into the writers accounts in royalties, and swell up the audience members in that community with readers, who interpopulate with other authors in that community.
Maybe some of the dominant / organizer readers over on Goodreads, who have their own book clubs, can come over to HIVE, and become curators.
Brain a-splode.
There's a lot of potential, in lots of different areas, and I'll never be able to do it all.
You're doing a great job thinking it all through, and I love the maps!
I'm fortunate enough to earn (just) enough through my main blog selling digital resources without the need for Patron or Kickstarter - and since you can set up subscriptions on PayPal it's kind of made the former a bit pointless for me!
There are so many synergies possible between Hive and the wider net world I agree, if people limit themselves to just Hive it's a real flaw.
In my head I've got an 'I'll pay you to study' idea that wants to emerge - it's just the whole working with kids thing that's making it not very appealing - you know how bat shit crazy people are over child safety!
Sounds like ACTfit community, but for school.
I had a similar vein idea a few years ago -- instead of term papers, publish a non-fiction research based ebook on kindle.
It's not pretentious like academic journals, but nobody submits to academic journals besides academics, and I don't think many people read them, except for academics and students who are forced to search up scholarly journals.
I suppose if I had a problem, I would look to a scientific journal related to psychology or health, -- but most of the time these are high level papers, and for anyone who is not in the field, you need some sort of processing, which is where all of the endless blog articles online end up coming into play.
A step of rigor above that would be the ebooks in the non-fiction section. Slightly more in depth, you can research and cite the academic journals if you see fit to do so, and you can still make some money.
People sort of bum me out with how schizophrenic they are over money.
I get the impression that 'vanity publishing' would be turned its nose up at -- by academics, but college kids - especially liberal arts education, are leaving without the slightest immediately translated monetizable skill set, except "Maybe if their lucky, critical thinking and writing and research.
But those are like -- not immediately digestible, in terms of translating into cash. You can try to get a competitive job elsewhere, where someone else directs you how to do those things so they can profit from your skills -- but that's pretty much exactly what I'm criticizing about the process.
How do you monetize those skills for yourself, is the void in that whole system.
HIVE study community, and non-fiction kindle publishing, and skillshare video courses / udemy, creating niche specific podcasts, translating information into a kids puppet show even --
There are a ton of ways that people could monetize that expertise that they are developing in undergraduate, but they are not, and the teachers are not really helping them out.
I've been keeping my eyes out for any analysis of what proportion of hustlers earn what kind of income, I should dig around as it interests me.
Education is a massive market, problem is Google is capable of stitching up a lot of it.
I make most of my income from bridging that gap between unintelligible journals and desperate teenagers and their parents trying to pass their exams.
There is money there, and there is a market for creative educational material too, but it's a fragile income I think!
I think a lot of us on here see Hive as future potential income - we're not waiting to cash out now, we're hoping it'll go to $1 and in some cases a lot more.
Yea, That's the long term game. I don't see myself really as a hustler, because I don't think that hustle is a very reliable way to build a long term business.
There are statistics for Patreon that indicate that the majority of people attempting to make a living there are not.
I don't know where it is -- but I assume that 20% or fewer of the total people on platform are making 80% or more of the profit.
Pareto Distribution.
This is why building a business is so critical, because it's a long and ugly and lonely and poor slog unless you're trying to be the best in an area.
Again, these ideas they're probably not for everyone, but unless you know what these things are, and how they work, it seems really likely that you're just going to be a part of someone else's machine -- someone who understands these things more than you do. In some cases, that's exactly what people are looking for - I haven't found a machine I enjoy that will take me.
Also - agreed about the HIVE being more valuable at the end of a bull run --
This gets back to the idea of multiple platforms for businesses.
I spoke with my dad once a while ago, and he told me that his job in the city had something called "Deferred Payment // Deferred Compensation" something like that. It was basically an investment account that was managed by the city that placed a steady amount of income from each check into a stock market index, [probably], over a period of 40 years until he retired.
In its best use case, I see HIVE that way.
As an investment account component of a larger income strategy.
A good strategy is to come up with something amazing like this - in your own field - that you can dine out on for the next decade or so - https://designingoutcomes.com/the-padagogy-wheel-v3-0-learning-design-starts-with-graduate-attributes-capabilities-and-motivation/ (it's a teaching theory example)
I'm down with Hive as a long term VEST plan - part of the reason I'm so into lEO is because the curation returns are double what you get in Hive, so more return!
The resource sheet is a basic tool useful in developing a plan to monetize content to the point where it replaes the day job as a source of income. While it's amazing to have millions of followers or subscribers, it's the small percentage of them who can be called fans because they help one make the donuts every day.
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