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17 February 2014 @ 03:50 pm
Patreon update :)  

So I logged into the war room after launching the MAGIC & MANNERS Patreon project and got hit with a bunch of suggestions on how to improve the page, which I’ll be doing, but one of them was “more explaining about how the funding works”, so I’ll do that in a blog post.

So. Funding with Patreon is Not Like Kickstarter. Patreon does not ask for one large donation; it asks for many small ones. And when we say small we can mean “ten or five or even one cent”–micropayments are totally cool with the Patreon model.

Patreon allows you to cap your monthly donation. If it’s a year-long project with 50 chapters (as I anticipate MAGIC & MANNERS being), if you want to cap your monthly payment at $1, so that over the course of the year you pay $12 for the eventual e-book, that’s totally cool.

I’m setting a cap of my own on the number of chapters I’m willing to post: no more than 1 a week. So, for example, if you have opted to donate $1/chapter, over the course of the month the most you can possibly get hit for is $5 (in July & October, I think, which are the months this year with 5 Wednesdays, which is the day I expect to post). But if you’ve set your own cap of $3/month, that’ll be your total donation regardless of the caps on my end of things.

I want to emphasise again that this isn’t like Kickstarter: if you tell Patreon you want to donate $10/chapter, it’s not a one-time donation of $10, it’s $10 every week! And, I mean, don’t get me wrong, if you want to and can afford that, that’s great, but as the project creator, I’m not expecting people to be able to donate at that level! My goal/hope is really to basically get 250 people at $1 each–or, of course, ideally more than that so that editing and whatnot can be part of the whole project process. :)

Basically I’m going to give the Patreon project a month to fund. If we haven’t reached the base level of $250/chapter by the middle of March, I’ll call it a failed experiment and close it down. If we do, of course, then there will be new chapters every week, which would be lots of fun. :)

Questions? Hit me with ‘em!

(x-posted from The Essential Kit)

 
 
 
kitmizkit on February 17th, 2014 06:37 pm (UTC)
No, it runs the thing monthly, so the cap would be--if, for example, $12 is a reasonable amount to spend on an ebook--you'd cap your monthly pledge at $1 for an expected 12 months worth of chapters. I genuinely don't know if that means they take 25 cents a week or what.

It may be that it's not a great model for this kind of project, but I'll try not to leave anybody in the lurch regardless of how it eventually pans out. :)
Lola: Meidancewithlife on February 17th, 2014 06:58 pm (UTC)
Well, the FAQ says:
If your pledges reach this cap you will not be charged for more patron-supported content from that creator for the rest of the month.

So I don't see a mechanism there to automatically stop my pledge after so many months. I can stop pledging before the first of each month, of course, but that means I have to watch it and decide when, or if, to stop pledging.

Also (still trying to figure this out), it says you are the one who initiates a charge. So you don't charge for each chapter until you have enough pledges for that chapter--is that right?
kitmizkit on February 17th, 2014 07:05 pm (UTC)
Oh. Right, no, the only way I can see to stop the pledge after X months is to do it manually, yeah. Sorry. :/

Right. So if this month we hit the pledge amount every week, and then it falls down below $250 for a week, I don't hit the button again until it's been reached again. Ideally, of course, the fundraising goal is reached with enough room to spare that irregular chapter postings/donations won't be an issue--but I honestly have no idea if that'll happen.
Chrysoulachrysoula on February 17th, 2014 08:08 pm (UTC)
I think the best way to do that and make sure funding stays steady is to figure out how much you want to pay in total, then divide that by 40 (or 48) and then pledge that amount per chapter. Say, .25 cents.