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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)

 
 
 
Colettebellinghwoman on February 17th, 2014 10:19 pm (UTC)
The problem that I face is that the subscription is in dollars, which means for every payment taken I would get hit with foreign currency transaction fees, which even if the money was only taken once a month, would add up to a substantial sum over 12 months :-(