Welcome to The Tilt, a twice-weekly newsletter for content entrepreneurs.
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It costs money to grow a content business.
The Tilt research finds it costs an average of $10,700 to start operations and ongoing revenue or infusions of cash to expand the content product line.
If your business bank account won’t support the growth, consider a tool that usually grabs attention for launching physical products – crowdfunding. The well-known platform Kickstarter supports a whole world of word projects.
Oriana Leckert, head of publishing at Kickstarter, says, “Crowdfunding is a unique way to build and strengthen connections between an author and their readers, a publisher and their audience, any kind of creative person and their network.”
But, she notes, crowdfunding also brings secondary benefits like raising awareness of the work, building communities, testing ambitious ideas, and making a “moment” out of bringing new work to life.
Oriana, who works on Kickstarter’s outreach team, works with a wide range of creators. Some of the successful projects include:
Terrell Jermaine Starr launched Black Diplomats, a podcast featuring interviews with people of color and women specializing in global affairs. It raised $17K from 260 backers on Kickstarter. Rewards for its supporters ranged from a pin to free access to its Patreon content and shoutouts on the podcasts.
Long-time author Brian Sanderson used Kickstarter to release four secret novels (digital and hardback). He targeted $1M and raised almost $42M from 185,000 backers while offering rewards and exclusive preview content to the supporters.
Independent publisher McSweeney’s used Kickstarter as a bridge to move from an 18-year for-profit company to a nonprofit operation. It promoted upcoming content from Roxanne Gay and Lena Dunham, as well as new books and a new podcast season. Its 3,400 backers pledged over $250K.
About 150 projects launch every week in Kickstarter’s publishing category. “A few years ago, when we crossed $200 million pledged, we put together this extensive roundup of 117 Favorite Kickstarter Publishing Projects to show what’s possible,” she says.
Book campaigns are the most straightforward because authors typically use the platform to raise funds for print production and the other costs associated with bringing a book to life.
But, Oriana says, campaigns also exist for larger, stranger, or less tangible items. Their success requires creators to get creative by figuring out unique rewards, creating innovative promotional plans, and connecting with everyone in their network to bring everything to life.
Creators who meet their project goal pay a 5% fee to Kickstarter and receive their money two to three weeks after the campaign ends.
But Oriana’s No. 1 piece of advice for the Kickstarter curious is to find five live campaigns and become a backer so you can follow those creators out in the world. “This will give you a sense of how people are running their projects – the tone and style of their campaign pages, the kinds of rewards they’re offering, the cadence of their updates, the frequency of their promotion, and everything like that,” she says.
And don’t forget the historical archive of Kickstarter projects. Oriana says, “Do a deep dive into what works and what doesn’t, and unabashedly adopt all the best tactics.”
Rev Streams: Sponsored articles, banner ads, newsletter sponsorship, sponsorship packages for in-person event series
Our Favorite Actionable Advice
Select a brand name that can work on multiple levels. Though Vanessa launched her magazine to write about the Hamptons, her brand name is agnostic of the New York enclave, allowing her to accommodate other locations.
Work with sponsors who don’t question your rates.These people understand and value your content and business. They will come back and give you more business. People who question your rates or try to negotiate are likely not people you want to work with.
Use your connections. Don’t be afraid to sit down and ask questions and pick the brains of your network. Learn from their experience. Attend as many networking events as you can. You never know who you will meet and how they can help your business.
Too little: Four in 10 creators participating in affiliate marketing programs say they lack opportunities to further partner with the brand, and less than 25% are satisfied with their earnings from the programs. [Creator IQ] Tilt Take:Be proactive. Reach out to brands with whom you do affiliate marketing and propose potential partnership ideas that are more lucrative for you and them.
UGC no more: YouTube’s CEO says creators on the platform are “redefining the future of the entertainment industry with top-notch storytelling that can’t be dismissed simply as user-generated content.” In the past three years, they’ve paid about $70B to creators, artists, and media companies. [Cyber News] Tilt Take:It’s not just entertainment creators; it’s expert creators, too.
Audiences
Community impact: Research finds Reddit users make their final purchase decision nine times faster and spend 15% more money. [Reddit in Advertising Week] Tilt Take:A community does more to create trusting relationships than any advertising ever could.
Look up: YouTube’s added a new metric for creators to see traffic sources for their vertical live feed. It helps them see how much traffic came from their Shorts feed. [Team YouTube] Tilt Take:Knowing how your audience arrives at your content should inform your marketing and content development strategy.
Tech and Tools
Doth time to say goodbye: Google’s kicked the Bard moniker to the curb. The AI chatbot has been renamed for its large language model. Gemini is now the umbrella name for Google’s AI tools. [Business Insider] Tilt Take:Changing a brand name less than a year after launch is rarely a good idea. But we still think Google will do just fine.
Tips for AI: Yes, if you offer a monetary tip in your ChatGPT request, you could boost the quality of the response by up to 45%. That’s what an analysis of prompting strategies found. [Search Engine Journal] Tilt Take:Even AI has a tip jar. But you don’t actually need to pay up for this one.
And Finally
No politics: Meta won’t proactively recommend political content on Instagram and Threads. [The Washington Post] Tilt Take:Isn’t everything political these days? But seriously, it’s a blow for creators who write and cover politics and benefit from the platform-based promotion.
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