In the interest of transparency, we are sharing our financials for each year we’ve been making money with Spiral Nature Magazine. This is our third year attempting to make money, and we’ve published our financials for 2015 and 2014.
In 2016, we hired three assistant editors, and two new staff members, including a new weekly astrology column, Hidden Insights.
Spiral Nature also launched a premium membership program, but as yet we haven’t had any takers. Our premium members have access to exclusive content, and we’d love suggestions for what you’d like to see.
We published a record 228 articles and reviews in 2016, and paid 30 different writers for their work, and offered 24 ads in trade.
Of these articles, 72 were written and published by the editor-in-chief, who received no payment for their work either writing or editing for the site. All funds either went to our writers and editors.
Though our income increased slightly, our expenses rose significantly, and we had a shortfall of $1,070.
In 2016, we had more people writing and editing for the site than ever before, which has greatly helped to increase our ability to publish awesome content, but we seem to have reached peak advertising with the magazine.
In order to raise more money to do more things, in 2016 we launched a premium membership program for Spiral Nature, which will allow access to exclusive content. We also now offer courses, and look to offer a (free) podcast, and other perks as we grow.