On Speed #30dc: "
Don’t Worry, I’m talking speed of business, not the drug.
As I was stirring the porridge this morning and using google reader on my iPhone (don’t try that at home kids, I’m a professional!) I read an item from John Gruber about a magazine created full of photo’s about last weeks crazy dust storms here in Australia.
It went from concept to sale in two days.

Uploaded with plasq’s Skitch!
Here is the story on how it was done
Wow.
Many of you know I have a horrible view of magazine publishing ( I love magazines but a couple of decades ago I was almost made bankrupt in a good intentioned but horribly naive attempt at creating a magazine - turns out I was just 20 years to early!)
How do you create a SMALL fortune?
Start with A LARGE fortune and start a magazine. It will become a small fortune in short order!
BOOM BOOM (Basil Brush reference for the Commonwealth readers!)
Here’s the problem.
I LOVE MAGAZINES!
Seriously, If magazines didn’t exist I’d probably be working at EB games selling the latest Mario Ware on the Wii.
I grew up in Beechworth, Victoria. It’s a small town (population sub 3000). I had the extraordinary luck to live in a town that had an incredible newsagent (think Magazine stand for my American friends) - when I look back it was an incredible fluke - the shop was my lifeline to the world. The Internet was still and academic oddity and would be for another 12 years at that point.
I was able to read about a world of the Sinclair zx80, Tandy TRS 80’s, The Unobtainable and only for super rich kids Atari 400 and be still my beating heart - the Commodore Vic 20.
Now I’m reading this I realised another extraordinary fluke. I had the one part time job in town - delivering medicine after school, which gave me the cash for the magazines (I was living in a trailer park), the other piece of luck was,
Gwyn Morris - the local chemist and my boss - inexplicably in a town of 3000 decided to get a commodore vic 20 dealership and then offered to let me have one and work it off (which I did over two years!!!) I was dead broke but I had a computer. The rest is history.
Thanks Mr. Morris!!!
Back to magazines.
Fast forward today. Magazines are a horrible business. Their lag times (meaning breaking news is just not possible) are prohibitive, all those magazines in the PC area in particular are closing down with a frighting regularity.
Now, some magazines I grant you have it worked out - look at National Geographic, I can see that being published for decades, it’s secret is the articles and the extraordinary images are timeless and it’s built up it membership over decades.
(notice I said membership - the magazine is a function of your membership to the Geographic society - a VERY important distinction)
Starting a magazine is just terrifying to me, the incredible up front cost, the logistics, the delay in payment (this is what killed me - the revenue lag in publishing is horrific - all our costs are upfront/30 days - your lucky to see any revenue from anyone for at least ninety days - the horror!!) just make starting a magazine an insanity`.
Or is it.
This is where speed comes in to it.
Derek Powazek put together this magazine from photos gathered online, laid out the magazine (put it together on the computer) produced a PDF and uploaded it to
Magcloud - an on-demand magazine service.
The only cost - Time and some sort of deal with the photographers.
20 years is a long time and of course we now have “national geographic” quality on-demand printing!
It’s unreal - if your prepared to wait just over a week - for four bucks you get the magazine delivered to your door - plus $6 for the magazine.
This is extraordinary (and thirty day challengers - trust me - there is a big can of “big-forehead slapping opportunity” about to be opened up here.
Let’s just remember - the costs so far to the publisher - two days of time.
Coincidentally - I’m showing you how to do create magazine style PDF docs at www.thirtydaychallengeplus.com - membership is ridiculously cheap. (Iin fact because you read this far - here is a little code to get a discount “30dc” - don’t spread it around please!!!)
I’m not going to bore you with how much this would cost traditionally, Well over $20,000 dollars at least and you pay up front Laddie!
Now, I was speaking to a very clever chap from Manchester last night… and he was telling me about a very short term, seasonal web site that was doing really well. Sure it was short term, but it will do great in the season.
We also talked about some of the issues with affiliate promotions, remember here in Thirty DC land we use affiliate stuff to test the market - you need to develop your own product when you know your on a good market.
That’s when the idea hit me while I was stirring the porridge.
It’s all about Speed.
With the tools in the Thirty Day Challenge, once you have got the practice under your belt, you can have a test market up in a day EASY. (I did say with Practice and the the holy troika of Samurai, Wordpress Direct and Traffic Bug)
There is a huge opportunity here. If you get over your fear of product creation (I did mention Thirty Day Challenge Plus…) you can move quickly to create product to take advantage of an upsurge in interest.
For Example….
The Leica M9 has JUST been released and it has gone off like an atom bomb in the camera world and in my pants. If I wasn’t busy creating compelling content for you lot, I would create a magazine in the style of the Japanese Camera Mags (They are soooo awesome BTW) I reckon it would take me a week and a bit to produce and it would sell like HOTCAKES.
Let’s say I sold 500 at $10 bucks - $5000 bucks for a weeks work is better than a kick in the head! Up Front Cost to me - TIME.
BUT because I know a thing or two about product creation, what if i spent a little bit more time putting together some videos and perhaps some audio interview with photographers using the M9.
All of a sudden, I have a 97 dollar product and selling 500 of them in a month or two is more than 95% of the population make working full-time.
I LOVE THIS BUSINESS.
BUT
Remember the Magnificent Symphony of Four Parts
Market is first - Product is last.
To make this really rock - you want to be able to have your tribe/ your Fan Base/your community already built.
And we might just have an awesome little surprise for you on that front shortly…
Ed

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