Welcome To The Age Of True Fans And Niche Markets

by Phillip Rhoades on October 24, 2009

Kevin Kelly over at The Technium points out that it’s totally possible to make a living as a creator if you can find your niche. Kevin points out in 1000 True Fans:

Assume conservatively that your True Fans will each spend one day’s wages per year in support of what you do. That “one-day-wage” is an average, because of course your truest fans will spend a lot more than that. Let’s peg that per diem 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.

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. It rewards the artist to remain true, to focus on the unique aspects of their work, the qualities that True Fans appreciate.

The key challenge is that you have to maintain direct contact with your 1,000 True Fans. They are giving you their support directly. Maybe they come to your house concerts, or they are buying your DVDs from your website, or they order your prints from Pictopia. As much as possible you retain the full amount of their support. You also benefit from the direct feedback and love.

He’s completely right, the age of social media has brought with it a far more profitable niche market. It’s time to find your fans, and if they are true, die hard fans then you won’t need that many of them. Do what you love, be loved, and even keep your apartment.

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