Attached to this post is an infographic, showcasing the breakdown of our short-term revenue streams. Notice that magazine sales aren’t included; this is because our first issue is free, and our short-term revenue stream is only planned out up to the publishing of our second issue.
Kickstarter funds will be spent frugally; we’re asking only for what is absolutely necessary. Here are the dollar amounts of what we’re asking for:
- $40 for author payments. Authors will be paid at a rate of 6 cents USD per word, with a cap of $25 USD.
- $70 for staff payments, $10 per staff member (there are nine of us) with $10 left over as an emergency fund.
Assuming that we do not meet our Kickstarter goal, we will likely postpone incorporation. The other funds are more immediate concerns. If we meet a significant fraction of our Kickstarter goal, we will likely incorporate as an LLC for the time being, and later progress to a 501(c)(3).
Patreon funds will be used for recurring purposes; the payment of the magazine staff, website hosting/domain expenses, and an advertising budget. Because we are unsure of how much money we’ll get from Patreon, we’re dividing our monthly earnings by percentages. We will only use Patreon funds to pay staff if we meet our first funding goal, otherwise all Patreon funds will go towards advertising.These percentages are available in the infographic, and posted below.
- 22% for our advertising budget;
- 69% for magazine staff wages
- 9% for website hosting/domain expenses.
Other Short-Term Funds
Not included in the infographic is a plan of ours; recommended reading lists, and short story anthologies. Occasionally, we may publish lists of books we recommend, alongside synopses and interpretations of those works. Below is a breakdown of how these proceeds will be spent.
- 60% will go to a charity of the readership’s choosing. For the time being, and to encourage Patreon donations, we’ve limited the pool of people who can choose the charity to Patreon donors.
- 20% will pay the authors involved in the anthology. If instead the sales come from a recommended reading list, these will be added to our author payments fund.
- 20% will go towards paying our magazine staff and editors.