Business Idea

Start A Poetry Business

About

Starting a poetry business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell poetry, or selling poetry online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$126B
revenue (monthly)
$35K
starting costs
$22.6K
gross margin
65%
time to build
7 months
growth
Word of mouth
business model
Software
time investment
Side project
work from home?
Yes

About

Starting a poetry business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell poetry, or selling poetry online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$126B
revenue (monthly)
$35K
starting costs
$22.6K
gross margin
65%
time to build
7 months

 

growth
Word of mouth
business model
Software
time investment
Side project
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Employee & Freelancer Expenses $151 $352
Website Costs $303 $7,215
Business Formation Fees $5,600 $20,400
Software Expenses $162 $3,094
Total Startup Costs $6,966 $38,061

Successful Businesses

Business URL Rank
Poetry Foundation poetryfoundation.org #7,275
PoemHunter.com: Poems poemhunter.com #34,984
ksdk.com ksdk.com #42,962
Poem Analysis poemanalysis.com #65,354
Homepage slcl.org #177,008
News Glenwood Springs Colorado postindependent.com #330,409
Inlander inlander.com #339,505
My Must Reads mymustreads.com #621,683
David Whyte & Many Rivers davidwhyte.com #708,885
Writing Workshops writingworkshops.com #730,446
Australian Poetry Library poetrylibrary.edu.au #982,271

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.