18 February 2008

Money, Money, Money

There's a new article out pondering the issue of whether online genre magazines (like Electric Spec) can ever be profitable. Like many other magazines , Electric Spec is funded out of the pockets of the editors. We obviously didn't start the magazine to make money--we started it because we love short spec fiction and we thought we could do better than lots of markets out there. We've thought about trying to find ways that we could bring in revenue so that we could pay our authors more, and we're still open to ideas. Specifically, if any of you know a publisher out there that might want to partner with us, we'd be interested in hearing from you. On the other hand, we may just stay how we are. We're pretty happy with what we have now, thank you.

2 comments:

Renata Hill said...

Wow, Dave, great find on that article! So much interesting info and so many innovative business models!

It's definitely easier (time wise) to suck it up and pay for everything ourselves, but, gee, if we could actually pay the authors from generated revenue, maybe even garner some attention through award candidates...the mind boggles. Never considered that a solid business model for the humanities could be so much fun. Maybe we should analyze the ideas more seriously.

lesleylsmith said...

I nominate Renata to look analyze it more seriously. :)