[dropcap]I[/dropcap]f you’re looking for a way to make money online, or perhaps add to the bottom line with your existing business, perhaps a digital publication is what you need.
According to Magazine publisher Future, its [highlight]tablet magazines are earning it $1 million per month in gross revenue. [/highlight]Yep, you read right. $1 million a month, that from an announcement from CEO Mark Wood.
“Around 90 percent of our digital edition sales are to new customers and 40 percent are outside our core UK and US markets.
More than 60 percent of new customers sign up for subscriptions and the renewal rate is running at over 60 percent.”
For some comparison on Future’s figures — rival publisher Dennis clocked 2.4 million issue downloads for its The Week tablet edition in its first year in the U.K. and U.S.
According to a Paid Content article, the magazine “… is now selling 239,000 tablet magazines per month, led by T3 in the UK (30,000) and MacLife in the States (65,000), plus dozens of other mostly replica editions amongst its more than 100 tablet titles.”
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