Passionate team transitioning from a successful fan translation group to a full-fledged online novel business. We've been building a dedicated reader base by providing engaging translated stories, even without marketing. Now, we're ready to take the next step and create a leading platform for original and translated online novels.
1. Opportunity.
The demand for online novels is booming. People are looking for engaging stories they can easily access on their phones and computers. However, many existing platforms face challenges:
- High costs for readers: Many platforms can be expensive for readers to keep up with their favorite stories.
- Unfair terms for authors: Authors often don’t receive the best royalties or support on existing platforms.
- Limited content variety: Readers want diverse stories from around the world, but many platforms focus on a narrow range of genres or languages.
This creates a huge opportunity to build a platform that is better for both readers and authors.
2. Our solution: A reader & author-focused platform.
Our platform will be a website and app where readers can discover and enjoy a wide variety of online novels at affordable prices. We will stand out by:
- Cost-effective content: Offering competitive pricing to make reading accessible to more people.
- Diverse content library: Featuring original novels across all genres, along with high-quality translations from multiple languages.
- Author-centric approach: Providing better royalties and incentives to original authors, creating a supportive platform for talented writers.
- User-friendly platform: Ensuring a smooth reading experience with excellent UI/UX, accessibility features, multi-language support, and audiobooks.
- Engaging community: Encouraging reader and author interaction through features like fan sessions and merchandise.
3. Business model & revenue streams.
Our platform will generate revenue through multiple streams:
- Chapter sales: Readers will purchase novel chapters using in-app currency.
- Sponsorships: We will collaborate with relevant brands for platform sponsorships without intrusive ads.
- Merchandise: We will launch branded merchandise related to popular novels and characters.
- Fan sessions: Hosting online and offline fan sessions with authors, either paid or sponsored.
- Author donations: Readers will have the option to donate directly to their favorite authors.
4. Market & competition.
The online novel market is large and growing rapidly. While we will compete with established players, our key advantages will help us capture a significant share:
- Cost advantage: More affordable content to attract budget-conscious readers.
- Author focus: Better terms and incentives to attract top talent and high-quality original content.
- Experience & community: With extensive experience in fan translation and an existing reader base, we have a deep understanding of market needs.
- Quality & innovation: A superior user experience with innovative features like multi-language support and audiobooks.
Our team has been building a community and gaining deep insights into the online novel industry. We are now fully committed to scaling into a global platform.
5. Financial projections & investment highlights.
We are seeking an investment of ₹5 crore in exchange for a 15% equity stake. This investment will be allocated strategically to:
- Technology development: Building a robust mobile app and enhancing our website.
- Content acquisition: Securing copyrights for translated works and commissioning original novels.
- Author payments & incentives: Attracting and retaining talented authors with competitive royalties and support.
- Marketing & user acquisition: Expanding our reach through targeted campaigns.
- Team expansion: Hiring key personnel, including editors, designers, and tech developers.
- Operational expenses & contingency: Covering initial costs with a buffer for unforeseen expenses.
With this investment, we will rapidly grow our user base, content library, and revenue, establishing ourselves as a major player in the online novel industry. Offering a 15% stake at this early stage presents an exciting opportunity for investors to join a high-growth venture with significant future potential.
6. Vision & future goals.
Our vision is to become the leading global platform for online novels, connecting readers with diverse and captivating stories from around the world.
In the next 1-2 years, we aim to:
- Launch our mobile app and enhance our website features.
- Build a library of hundreds of original and translated novels.
- Reach 20,000 paid monthly users.
- Establish strong relationships with authors and translators.
Within five years, we aspire to be a recognized and respected brand in the online entertainment industry, known for quality content, author support, and a thriving reader community.
