Venture Concept No.2
1)
Those who are in need of new reading selections in the market are readers, consumers whose age or preference in genre have them fall in the category of the "young adult genre" target audience. Other people with invested interest are those writers who cannot enter the published industry do to the monopolized domination of the same overused ideas, as well as literary agents and publishing houses who could prosper with introducing some new material into the market. The latter, however, are more of a byproduct or side-effect beneficiary, and thus I will focus on the first. The prototypical customer in this scenario is anyone classified as a young adult (or people who are older than the age bracket and enjoy youth culture... or perhaps more mature children with an evolved reading level). This plagues any and every reader who doesn't even have to be an avid book-enthusiast. In fact, they don't even have to be readers (although those are the most impacted) since movie-goers and people who enjoy other pastimes will be plagues by movie-adaptations of the books or video game renditions and the likes.
I made a new story line that features a diverse ensemble and non-cliche plotlines. Actually 'a story' would be an understatement, seeing as I've already compiled and completed more than one book in the series, which is saying something because they are on the LARGE end of the spectrum size-wise, which could also be something different seeing as most books are quick reads these days that don't need too much energy or time investment from the reader's behalf. As for the content itself, I would love to describe in details but I apparently am not allowed to in fear of copyright infringement upon myself (who knew that was a thing, right?). But at least I've got those two main points listed--something new and not used; and that's what really matters in this offering being different than what's out there. I've got more than a few books already written out, so there's a generous start. I've been pushing my writing's presence out there more and had manuscripts drafted and multiple works either finished or in progress, so half the work's already done.
I think this will solve the issue quite nicely considering nothing good's come out in quite some time. People don't really need to be convinced, considering that they're just as ready for this. Possible competitors could be anyone trying to race to get published first, but honestly I think the customers would just like that more because at least something--now multiple things--are being brought in from this drought. But content can't be copied per se, so it's not like they're offering the SAME thing. I don't really need to start up my own firm or publishing house (but hey, if that's what it takes to get it done, then--ammirite?). Really what most aspiring authors need is an agent, and they'll find them a publisher. Publishers have the necessary equipment to churn our printed pages and distribute them to retailer and places all over the globe. So not exactly a one-person ordeal. Other barriers to this are simply new means of entertainment because people are so fast paced and busy they might not even have time to unwind with books or anything more than a 45-minute television program. Again, there's nothing I can do to sidestep that other than have good faith that those who want to read... will.
I think my most important resource in this is my creativity, meaning the product itself. Sure, luck would be nice, or perhaps superhuman people skills gifting me with favorable connections, but since I don't have those, I guess it's back to the grind for me. I'm going to let my work speak for itself and the content garner its own followers that will market it themselves. I don’t think I can bank on just magically being swept up into the business, so I’m going to keep trying to entice with the product itself because, in the end, that’s what the people will be reading anyways. That’s what matters, because not all of them will see what goes on behind the scenes, so those things won’t really be what garners its success. The work itself is what would determine that.
The next step for me is probably to continue the one I'm stuck on (it's a trick step, okay? One that's unsteady and made of difficult slippery wood and probably has some loose nails sticking out and creaks when you put pressure on it) which is: keep putting myself up there and be accepted by a literary agent or big-name publishing house. More manuscripts, letters, emails, phone calls, research, and (hopefully I won't have to take more) rejections possibly. After I get published, it's all about marketing and PR, which id on't even think will be my job at that point. Once the work is out there, it'll speak for itself.
Honestly, once this takes off, I would love to add the continuation novels to the series and hopefully make some alternative-media adaptations. Like with screens and stuff. In video format. That would be pretty sweet. I’d use the profits and attention nicely. I don't like the idea of being a sellout and giving away creative rights to a greedy bigger corporation ready to exploit and milk something for all its got as much as they can stretch it, so I plan on keeping my franchise close to preserve its dignity and keep my own integrity as an author rather than turn it over for money to ruin the sacredness of something limited. Basically I will not let a bigger company buy me out like how a few (cough, cough) big entertainment companies have been aquiring entire brands that were well off on their own and integrating it into their huge hodgepodge of newly-acquisitioned creative rights to exploit. Instead I'll be engaging in healthy partnerships or sharing responsibility with other companies or people with extraordinary passions or abilities wherever the path takes it: book, film, NON-EXPLOITED franchise, charity benefits, video games, animation, music, audio readings, theater play, (maybe not a tv show), etc etc etc. What I do stick by is my original guarantee that it won't be a cash grab scheme and that it will not be anything overplayed or tiredly overdone. I will keep my new ventures unique as always and not something that floods the retail market and tires the eyes. But rather, i will treat each step as an individual process and use the skills and assets acquired in each to help branch out my voice to those willing to hear it.
2) In my first Venture Concept, I was told it was an interesting choice for me to view other successful published works as competition and that I could make entrepreneurship applicable to being a self-made author. In my "What's Next" post, I received comment on my idea of branching out to other mediums. I was just skimming the surface of potential with my first step of trying to get published.
3) What I changed in reference to the first Venture Concept post was that I added a few more liabilities onto my 'innovation' segment and a LOT more onto my future plans for myself and my path. I think now I have a clearer idea of where I want this to be steered towards instead of just tossing it up in the air.
Opportunity
Those who are in need of new reading selections in the market are readers, consumers whose age or preference in genre have them fall in the category of the "young adult genre" target audience. Other people with invested interest are those writers who cannot enter the published industry do to the monopolized domination of the same overused ideas, as well as literary agents and publishing houses who could prosper with introducing some new material into the market. The latter, however, are more of a byproduct or side-effect beneficiary, and thus I will focus on the first. The prototypical customer in this scenario is anyone classified as a young adult (or people who are older than the age bracket and enjoy youth culture... or perhaps more mature children with an evolved reading level). This plagues any and every reader who doesn't even have to be an avid book-enthusiast. In fact, they don't even have to be readers (although those are the most impacted) since movie-goers and people who enjoy other pastimes will be plagues by movie-adaptations of the books or video game renditions and the likes.
Innovation
I made a new story line that features a diverse ensemble and non-cliche plotlines. Actually 'a story' would be an understatement, seeing as I've already compiled and completed more than one book in the series, which is saying something because they are on the LARGE end of the spectrum size-wise, which could also be something different seeing as most books are quick reads these days that don't need too much energy or time investment from the reader's behalf. As for the content itself, I would love to describe in details but I apparently am not allowed to in fear of copyright infringement upon myself (who knew that was a thing, right?). But at least I've got those two main points listed--something new and not used; and that's what really matters in this offering being different than what's out there. I've got more than a few books already written out, so there's a generous start. I've been pushing my writing's presence out there more and had manuscripts drafted and multiple works either finished or in progress, so half the work's already done.
Venture Concept
I think this will solve the issue quite nicely considering nothing good's come out in quite some time. People don't really need to be convinced, considering that they're just as ready for this. Possible competitors could be anyone trying to race to get published first, but honestly I think the customers would just like that more because at least something--now multiple things--are being brought in from this drought. But content can't be copied per se, so it's not like they're offering the SAME thing. I don't really need to start up my own firm or publishing house (but hey, if that's what it takes to get it done, then--ammirite?). Really what most aspiring authors need is an agent, and they'll find them a publisher. Publishers have the necessary equipment to churn our printed pages and distribute them to retailer and places all over the globe. So not exactly a one-person ordeal. Other barriers to this are simply new means of entertainment because people are so fast paced and busy they might not even have time to unwind with books or anything more than a 45-minute television program. Again, there's nothing I can do to sidestep that other than have good faith that those who want to read... will.
Three Minor Details
I think my most important resource in this is my creativity, meaning the product itself. Sure, luck would be nice, or perhaps superhuman people skills gifting me with favorable connections, but since I don't have those, I guess it's back to the grind for me. I'm going to let my work speak for itself and the content garner its own followers that will market it themselves. I don’t think I can bank on just magically being swept up into the business, so I’m going to keep trying to entice with the product itself because, in the end, that’s what the people will be reading anyways. That’s what matters, because not all of them will see what goes on behind the scenes, so those things won’t really be what garners its success. The work itself is what would determine that.
The next step for me is probably to continue the one I'm stuck on (it's a trick step, okay? One that's unsteady and made of difficult slippery wood and probably has some loose nails sticking out and creaks when you put pressure on it) which is: keep putting myself up there and be accepted by a literary agent or big-name publishing house. More manuscripts, letters, emails, phone calls, research, and (hopefully I won't have to take more) rejections possibly. After I get published, it's all about marketing and PR, which id on't even think will be my job at that point. Once the work is out there, it'll speak for itself.
Honestly, once this takes off, I would love to add the continuation novels to the series and hopefully make some alternative-media adaptations. Like with screens and stuff. In video format. That would be pretty sweet. I’d use the profits and attention nicely. I don't like the idea of being a sellout and giving away creative rights to a greedy bigger corporation ready to exploit and milk something for all its got as much as they can stretch it, so I plan on keeping my franchise close to preserve its dignity and keep my own integrity as an author rather than turn it over for money to ruin the sacredness of something limited. Basically I will not let a bigger company buy me out like how a few (cough, cough) big entertainment companies have been aquiring entire brands that were well off on their own and integrating it into their huge hodgepodge of newly-acquisitioned creative rights to exploit. Instead I'll be engaging in healthy partnerships or sharing responsibility with other companies or people with extraordinary passions or abilities wherever the path takes it: book, film, NON-EXPLOITED franchise, charity benefits, video games, animation, music, audio readings, theater play, (maybe not a tv show), etc etc etc. What I do stick by is my original guarantee that it won't be a cash grab scheme and that it will not be anything overplayed or tiredly overdone. I will keep my new ventures unique as always and not something that floods the retail market and tires the eyes. But rather, i will treat each step as an individual process and use the skills and assets acquired in each to help branch out my voice to those willing to hear it.
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2) In my first Venture Concept, I was told it was an interesting choice for me to view other successful published works as competition and that I could make entrepreneurship applicable to being a self-made author. In my "What's Next" post, I received comment on my idea of branching out to other mediums. I was just skimming the surface of potential with my first step of trying to get published.
____________________________________________________________________
3) What I changed in reference to the first Venture Concept post was that I added a few more liabilities onto my 'innovation' segment and a LOT more onto my future plans for myself and my path. I think now I have a clearer idea of where I want this to be steered towards instead of just tossing it up in the air.
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I am glad that the feedback from your fellow classmates helped you when updating your venture concept. I am sure that as we continued in the course you were also able to gain knew ideas on where to take your venture. I am glad you have a little bit better idea of where you want to go and how you are going to get there. I am sure that is a relief!
ReplyDeleteSimoli, I'm so glad to hear that you were able to narrow down and specify what your end goal was. It makes it seem not so far away and actually achievable!! I know artists can get jobs through their online presence, but does it work the same for writers? I doubt E. L. James was published because of her fanfiction track record, but bloggers and youtubers have gotten book deals. Did you read the reviews for Kendall and Kylie Jenner's YA novel? I think you'd get a real kick out of it. :}
ReplyDeleteSimoli, I'm glad the comments were able to help you figure out things easier and deeper regarding your venture! Im sure that the other things along the way that this course teaches you is going to be a big help and relieving.
ReplyDelete