Monday, July 26, 2010

The Profit Equation

The final lecture of So You Want to Start a Magazine was devoted to the steps necessary to determine a magazine’s potential for profitability. As I have suggested, the utility of the class for me was diminished by the fact that my neo-socialist literary magazine—despite all its certain dash and drive—is unlikely to be supported by Lexus, Tag Heuer, and Ketel One ads. And when I told “Steve” the instructor (who had graciously agreed to take phone calls) that my four-year subscription goals were 2000 copies, I could tell from the descending lilt in his voice that he agreed. Though I should say that Steve is not only very successful in the field but also a truly supportive instructor. Ultimately, the class was valuable for the insight it provided into the practical realities and processes that must attend the impulse to start a magazine (profitable or otherwise) and for the business plan template that was essentially the superstructure of the lesson plan. And, on the upside, I have spared myself a fortune in market-testing and branding consulting fees.

The only downside to the experience was that it revivified my long-dormant school-related anxiety and its attendant dreams. I had one the second week of class that I had returned to my alma mater the University of Wisconsin to attend a reunion of the cast of the Rodney Dangerfield vehicle Back to School that was filmed in Madison while I was going there. The dream-event was held in a crowded lecture hall and had been going on for less than a minute before I remembered not only that I had hated the movie and been annoyed at having to walk around all the cameras and crowds as I went about my self-important way, but also that I was missing a math class I had registered for but hadn’t gone to since the first week. A school anxiety dream within a school anxiety dream, and all this while I was actually doing the online work for the class as it was assigned—unlike some virtual students I could name.

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