What It's About
A scientist in Colorado starts a fact-based science fiction magazine and creates a steady, reoccurring income along the way.
Business Model
Skills Required
Complexity
Profit Potential
Words of Wisdom
Joe started by reading every page of the 200 submissions he received for each issue. Over time, he realized he could tell within the first few pages if a story was a good fit or not.
Fun Fact
He got many of his sponsorships through cold emailing and reaching out via LinkedIn. Through this cold calling approach, he says he had around a 20% success rate getting sponsorships!
Notes from Chris
Episode 103
What do you like to read? Whether fiction or non-fiction, wherever people are avid consumers of something, there’s an opportunity to create products and services for them. In today’s story, we feature a Colorado data scientist who starts a bi-monthly science fiction magazine and builds it to a sustainable income source of about $1,800/month, funded largely by his readers. Just like yesterday's, it's another example of someone making money doing something they love. Yes, this is really possible. MENTIONED IN THIS EPISODE:
- Compelling Science Fiction: Learn more about Joe and his science fiction magazine
- Patreon: A service that allows artists and creators of all kinds to receive monthly financial support from the people who appreciate their work
- Hacker News: The popular online publication that Joe used to bring on a number of prospective authors, as well as a list of people who wanted to subscribe
- School Administrator Creates Digital Magazine for Goaltenders: After discovering that his passion for goaltending has little to no online presence, a hockey fan decides to create his own resource blog
- Miserable Day Job Turns Into $100,000 Side Income: An education district employee follows her passion for writing and creates an online side hustle raking in over $100,000.
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Resources
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