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1k True Fans (2008)

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61–70 of 147 posts

Re: 1k True Fans (2008)

#61
post #55

1,000 true fans is an essay about a thousand die-hard fans paying a content creator $100/year, which comes out to 100k before taxes and expenses. I'd argue that if you're smart enough to be reading this website, you're smart enough to create and sell a piece of software to 10 businesses. If you can add 2% of revenue/quarter or save 5-10% of an expense, you can name your price (as long as it's below the amount of reve…

> If you can add 2% of revenue/quarter or save 5-10% of an expense, you can name your price (as long as it's below the amount of revenue you generated or money you saved) this is fantasyland pricing. the reality is that 1) its often very hard to know how much revenue or expense improvement was directly attributable to your thing and people will err against you. you often need to be in the ballpark of 10x better than…

[deleted]

Re: 1k True Fans (2008)

#62

Earlier quoted context omitted.

IF the goal is to just make money, way easier ways than fans/friends altogether. Get an office job; unsexy but it pays better. Even some blue collar jobs can pay better.

Downside vs SaaS is that an employer stops paying you when you stop clocking in. SaaS customers keep paying until they churn, often with very little support along the way.

You’re assuming a well-functioning SaaS business, which is decidedly harder to come by than a decent job.

Re: 1k True Fans (2008)

#63
post #28

This can't work, otherwise people would make actual money from publishing e.g. technical books, which we know is not really profitable.

I think a true fan only applies to creative works that people consume for the sake of enjoyment.

Because most people only read technical books to attain skills, not for fun.

Theres not much that separates the one Tedious Tome of Typescript from another, even if the author's style is different.

Meanwhile people genuinely want to consume art for fun by paying for patreon tiers, buy books and sign up for mailing lists, or support indie games on kickstarter.

Re: 1k True Fans (2008)

#65

Maybe some of you know of Dave Bull: the Caucasian Canadian that took a shine to Japanese woodblock carving (Ukiyo-e printmaking). I have pondered his "business model". Apparently the master Japanese carvers were loathe to take this gangly gaijin seriously when he began his obsession decades ago. And yet, Dave set for himself some insane goal of carving 100 wood blocks for prints over the space of a decade. Now as a…

This is beautifully written - thanks so much!

This story reminds me of (how I imagine) the career of Connor Price looks like. Check him out on youtube. He makes so many tracks with so many people - and eventually things pick up. He could very well be the next Sheridan.

Re: 1k True Fans (2008)

#66
post #51

1,000 true fans is an essay about a thousand die-hard fans paying a content creator $100/year, which comes out to 100k before taxes and expenses. I'd argue that if you're smart enough to be reading this website, you're smart enough to create and sell a piece of software to 10 businesses. If you can add 2% of revenue/quarter or save 5-10% of an expense, you can name your price (as long as it's below the amount of reve…

> I'd argue that if you're smart enough to be reading this website, you're smart enough to create and sell a piece of software to 10 businesses. it's both fascinating and horrifying to think through reasons this doesn't happen, the many complications that get between raw ability/acumen/interest and such straightforward outcomes!

I'm curious thinking about this. I'm a very strong researcher, mild-moderate software developer, and absolutely gridlock terrified of contracts, formalities, getting locked into commitments, etc.

Like, I think I could do it, but I'm on the autism spectrum so my budget for variance is _so_ much lower. I highly downbudget things in my life that are higher variance so I look more neurotypical a lot of the time but sometimes with unavoidable stuff I get very much the more classical autism negative stuff (meltdowns, subtle meltdowns, shutdowns (!!!), a host of destimming and de-stressing mechanisms, etc).

I guess that's the thing I'm concerned about. Any field I can eventually become comfortable in once I know the different situations and how to leave the bad ones/find the good ones/have healthy strategies that personally work for me for my worst case scenarios/etc. The main problem is that I don't have the 5-10 years to really sink into that comfortably to get there from raw experience, or the stamina to go through what would seem to be my own personal hell in the meantime.

I could be totally wrong so I'm up for learning (especially if there are resources that are specifically adaptive to autism &etc -- it helps a lot!). I could see how this all could be a good thing in a different light with a different set of strategies.

(Also, Merry Christmas! <3 :D :D :D :)))))))))))))))) )

Re: 1k True Fans (2008)

#67
post #17

Earlier quoted context omitted.

> I'd argue that if you're smart enough to be reading this website... I would agree that the average IQ (or potential in general) of the HN readers is more than that of the general population, but I disagree there is any minimum threshold here in any capacity that warrant your statement. Many readers here can't code at all, or couldn't learn to well enough to build and market software.

I wouldn't say being able to code is a requirement to build and market software these days. You could get decently far just glueing together libs in Js/Py until VC funding.

If you're aiming at 10 clients, you won't get VC funding. If you are aiming at $100k/yr (or even $1M), you won't get VC funding.

Re: 1k True Fans (2008)

#68
post #28

This can't work, otherwise people would make actual money from publishing e.g. technical books, which we know is not really profitable.

I think a true fan only applies to creative works that people consume for the sake of enjoyment. Because most people only read technical books to attain skills, not for fun. Theres not much that separates the one Tedious Tome of Typescript from another, even if the author's style is different. Meanwhile people genuinely want to consume art for fun by paying for patreon tiers, buy books and sign up for mailing lists,…

> I think a true fan only applies to creative works that people consume for the sake of enjoyment.

That was my thought, too. And not all creative works, either—rather, creative works where the personality and individuality of the creator are clearly expressed. The author lists “craftsperson, photographer, musician, designer, author, animator, app maker, entrepreneur, or inventor” as examples of people who “need only thousands of true fans,” but the first six seem to me much more likely to attract long-term true fans than the last three.

Re: 1k True Fans (2008)

#69
post #27

Earlier quoted context omitted.

Meh. If you're smart enough to read this web site you should find someone else to leverage some equity out of and a good salary and ride it to IPO then retire and do something else.

> IPO then retire and do something else. Yeah, do what, exactly... Dawdle around dabbling in random stuff, only to eventually get bored and return to tech for making an impact on something and changing the world...

Friends, family, books, movies, games, food, travel, hobbies, more hobbies, coding stuff that's fun instead of merely profitable...

Most people only work so they can support those things in their off hours. There's a thousand things I could occupy a happy lifetime with if I didn't have to work.

Re: 1k True Fans (2008)

#70
This essay has it all around backwards. 1k true fans is a recipe for destroying your own creative life and devoting most of your time to sales funnel building, fomo emails and clickbait offers and bribes for mailing list signups, running ads, etc. The true fan who spends $100/year wants you to be their therapist and to belong to your tribe, will stalk you, will send you unsolicited emails offering advice, etc. Don't hunt the whales.

It's better to aim for constantly increasing quality, and with the ease of reaching many people with modern technology, find some combination of your 10,000 mediocre fans willing to give you $10/year, 100,000 sh*t fans getting you $1/year. You put out music or writing or art for these fans, they spend a very reasonable amount on it per year without upsetting the household budget, they think of you occasionally but you o random creator are not constantly 'top of mind' for them and they can think about their friends and/or family and/or day-to-day work instead. And you aren't babysitting their feelings or constantly begging them for money.

B2B can be even worse, you're support, therapist, babysitter all the time. They pay you big bucks and think they own you. If you don't have enough customers, maybe they do. 1000k true fans, you're responding to emails all the time, trying to look cool on socials, sticking calls to action in every video or email. ~$10, these people are buying a print or an album or a t-shirt or a book once a year, ~$1 they're streaming your songs a couple hundred times a year. They've got a normal 'someone who makes something I like' relationship with you, you're not some big fan. You're not supporting your product, hopefully you're spending your time making the next thing you want to make.

Someone will probably jump in and yell about how you won't get to those numbers of meh fans without someone recommending you. Yeah, that's right -- but with quality people and algorithms will recommend you because of the _thing you made_, not because you took them on a customer journey from browser to fan to friend with your relentless hustle.

As someone making music, there's nothing better than the spotify algorithms recommending my music to people while I sleep and spending the creative time that I have making music and not marketing campaigns. Or production music I made showing up in netflix shows I love despite me never having been yelled at by a director. YMMV.

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