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	<title>Stilgherrian &#187; fundable</title>
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	<description>All publication is a political act. All communication is propaganda. All art is pornography. All business is personal. All hail Eris. Vive les poissons rouges sauvages!</description>
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	<itunes:summary>All publication is a political act. All communication is propaganda. All art is pornography. All business is personal. All hail Eris. Vive les poissons rouges sauvages!</itunes:summary>
	<itunes:author>Stilgherrian</itunes:author>
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		<title>All you need is 1000 True Fans</title>
		<link>http://stilgherrian.com/internet/1000_true_fans/</link>
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		<pubDate>Wed, 05 Mar 2008 21:10:27 +0000</pubDate>
		<dc:creator>Stilgherrian</dc:creator>
				<category><![CDATA[Arts]]></category>
		<category><![CDATA[Blogging]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[bruce schneier]]></category>
		<category><![CDATA[fundable]]></category>
		<category><![CDATA[john kelsey]]></category>
		<category><![CDATA[kevin kelly]]></category>
		<category><![CDATA[lawrence watt-evans]]></category>
		<category><![CDATA[the long tail]]></category>
		<category><![CDATA[wired]]></category>

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		<description><![CDATA[&#8220;A creator, such as an artist, musician, photographer, craftsperson, performer, animator, designer, videomaker, or author &#8212; in other words, anyone producing works of art &#8212; needs to acquire only 1,000 True Fans to make a living.&#8221; So says Kevin Kelly, founder of Wired magazine, in his latest essay 1000 True Fans. It&#8217;s worth reading the [...]]]></description>
			<content:encoded><![CDATA[<p><img src='http://stilgherrian.com/wp-content/uploads/2008/03/1000_true_fans_350w.jpg' alt='Diagram of The Long Tail, showing that you only need the top 1000 true fans to reach your financial target' class="imageright" /></p>
<p><strong>&#8220;A creator, such as an artist, musician, photographer, craftsperson, performer, animator, designer, videomaker, or author &#8212; in other words, anyone producing works of art &#8212; needs to acquire only 1,000 True Fans to make a living.&#8221;</strong></p>
<p>So says Kevin Kelly, founder of <em>Wired</em> magazine, in his latest essay <a href="http://www.kk.org/thetechnium/archives/2008/03/1000_true_fans.php">1000 True Fans</a>.</p>
<p>It&#8217;s worth reading the full essay to completely grok what he&#8217;s on about. But in brief, a &#8220;true fan&#8221; is someone who&#8217;ll purchase anything and everything you produce.</p>
<blockquote><p>They will drive 200 miles to see you sing. They will buy the super deluxe re-issued hi-res box set of your stuff even though they have the low-res version. They have a Google Alert set for your name. They bookmark the eBay page where your out-of-print editions show up. They come to your openings. They have you sign their copies. They buy the t-shirt, and the mug, and the hat. They can&#8217;t wait till you issue your next work. They are true fans&#8230;</p></blockquote>
<p>Kelly&#8217;s point is that the Internet allows you to find and stay in touch with True Fans cheaply and easily &#8212; globally. He gives some useful numbers to help think it through, and opoints to some examples which are already working.</p>
<p><strong>The trick is making <em>direct</em> contact with the fans out there in <a href="http://www.longtail.com/">the long tail</a>, converting a thousand Lesser Fans into a thousand True Fans.</strong></p>
<blockquote><p>Assume conservatively that your True Fans will each spend one day&#8217;s wages per year in support of what you do. That &#8220;one-day-wage&#8221; is an average, because of course your truest fans will spend a lot more than that.  Let&#8217;s peg that <em>per diem</em> each True Fan spends at $100 per year. If you have 1,000 fans that sums up to $100,000 per year, which minus some modest expenses, is a living for most folks.</p>
<p>One thousand is a feasible number. You could count to 1,000. If you added one fan a day, it would take only three years. True Fanship is doable. Pleasing a True Fan is pleasurable, and invigorating&#8230;</p></blockquote>
<p><strong>Of course that magic number might not be 1000 for you. It might be 500 or 5000. But the principle is the same.</strong></p>
<p><a href="http://www.fundable.org/" class="imagelink"><img src='http://stilgherrian.com/wp-content/uploads/2008/03/fundable_350w.jpg' alt='Screenshot from Fundable.org' class="imageright" /></a></p>
<p>Kelly has researched the history of this, too. He&#8217;s discovered a <em>First Monday</em> essay from 1999 where John Kelsey and Bruce Schneier call it the <a href="http://www.firstmonday.org/issues/issue4_6/kelsey/">Street Performer Protocol</a>. And in 2004 author <a href="http://www.ethshar.com/thesprigganexperiment0.html">Lawrence Watt-Evans</a> used this model to publish a novel &#8212; adding a chapter a month through fan subscriptions. There&#8217;s plenty more examples.</p>
<p>He also points to <a href="http://www.fundable.org/">Fundable</a>, a web-based organisation which&#8230;</p>
<blockquote><p>&#8230;allows anyone to raise a fixed amount of money for a project, while reassuring the backers the project will happen. Fundable withholds the money until the full amount is collected. They return the money if the minimum is not reached.</p></blockquote>
<p><strong>Kelly reckons that an artist shouldn&#8217;t find it too hard to nurture 1000 True Fans globally. It certainly beats poverty. And it&#8217;s certainly made an impact upon my thinking!</strong> [<a href="http://www.kk.org/thetechnium/archives/2008/03/1000_true_fans.php">full essay</a>]</p>
<p>[<strong>Update:</strong> By an odd coincidence, this is my 1000th blog post -- and it has "1000" in the title. Is that significant, do ya think?]</p>
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