Data Analysis - Chances of Selling & How Much You Can Make
Posted: Mon Jun 30, 2014 9:32 am
It's back to my beloved spreadsheets, for what I hope is some more insightful data on sales here, how much writers can make, inventories and more. This follows on from the previous threads that I put together on data from analysis of CC information, which you can find elsewhere in this forum.
In this post, I have attempted to bring together lots of information from various areas to answer the big question - How much can we actually *make* on CC by regularly submitting articles?
A few points to note:
- This is based on around 30 days of sampling data in late May and June only, so there *are* bound to be seasonable variations
- I have made a few assumptions about the data
- The data listed here on selling articles is based on all else being equal - In other words, it doesn't take account of individual writer's pricing, client relationships, styles or anything like that; it is based on data from the site as a whole
- There is no guarantee of future performance or sales here, this is purely based on historic information
- This is only based on 'Public', Catalog sales
- This is a snapshot at a single point in time
- Because of the (relatively) few number of data points (< 1,000), there are skews and fluctuations, but I am working with what I have!
I have divided this post into two main parts:
- Part One - Details of inventory, number of articles sold and percentage of articles sold
- Part Two - What this means to writers in terms of how much we need to produce to earn money
OK, let's take a look at the data.
Part One - Details of inventory, number of articles sold and percentage of articles sold
Total Inventory
One of the most important areas is the total inventory of articles that customers have to buy from, since that's the overall catalog that we are submitting to, this looks as follows (largest to smallest):
Health & Lifestyles: 9,573
Home: 7,291
Business: 6,099
Relationships: 3,408
Recreation : 3,172
Technology: 2,935
Society: 2,519
Arts & Culture: 2,031
Merchandise: 1,136
Science: 827
Regional: 791
Sports: 596
General: 509
Total : 40,887
And here it is in graph form.
Total Number of Articles Sold per Month
So, we know how many articles are in the inventory, but how many of those are actually selling? Glad you asked, here's a snapshot of sales over the last thirty days in terms of number of articles sold:
Health & Lifestyles: 219
Business: 188
Home: 103
Relationships: 100
Technology: 67
Recreation : 61
Merchandise: 38
Arts & Culture: 35
Society: 35
Regional: 14
Science: 14
General: 10
Sports: 5
And in graph form
Percent of Inventory Sold per Month
Using the figures above, we can calculate the total percentage of articles by area that are sold in a month, this looks like the following (largest to smallest):
Merchandise: 3.1%
Relationships: 2.9%
Home: 2.6%
Health & Lifestyles: 2.3%
Recreation : 2.1%
Technology: 2.1%
Regional: 1.8%
Arts & Culture: 1.7%
Science: 1.7%
Business: 1.7%
Sports: 1.7%
Society: 1.5%
General: 1.0%
And in graph form
Comparing Total Inventory and Percent of Inventory Sold
We can bring all of this together in the following graph, which shows the total number of articles available and the percentage of them that sell per month.
Individual Catalog Areas with the Highest Percentage of Sales
Previously, we've just looked at high level areas, here are the details of the top twenty areas with the highest percentage of catalog sales (filtered for at least ten sales a month)
Part Two - What this means to writers in terms of how much we need to produce to earn money
OK, so we can take all of that lovely data analysis and apply it to what we need to do as writers and what we can expect as a result.
How many articles do I need to produce to sell?
Based on all of the above (and other) data, we can extrapolate how many articles writers should submit per month by area to have a chance of one of them being sold. In the graph below I have shown:
- Number of articles to submit per month for 'Reasonable' chance of sale
- Number of articles to submit per month for 'Good' chance of sale
- Number of articles to submit per month for 'Excellent' chance of sale
You can see from this that 'Business', 'Relationships' and 'Merchandise' require the fewest submissions for sales.
All of the following data and graphs are based on a writer submitting 30 articles a month (one per day, 7.5 a week), since that seems to be a reasonable number, within the reach of most of us. Clearly, some writers will submit more articles and some fewer, in which cases these chances and numbers would increase or decrease relatively. All of this data is based on submitting 30 articles into one individual area
Submitting 30 Articles a Month - Chance by Area, Per Month of One Sale
This graph shows the likelihood of making at least one sale a month, based on submitting 30 articles, split by area.
Submitting 30 Articles a Month - Likely Number of Sales by Area, Per Month
Based on submitting 30 articles a month, this is the likely number you will sell per month by area.
Submitting 30 Articles a Month - Likely Value of Sales by Area, Per Month in Dollars
Based on the previous work looking at licensing costs ( https://www.constant-content.com/forum/ ... =2&t=76728 ), we can calculate the total potential earnings per month by area, as follows:
Cumulative Value of Sales
This data only represents how much a writer will earn in one month, based on submitting 30 articles, however we can also look at their likely sales per month based on a continuous submission of 30 articles (Since all of their back catalog will be available to buy as well). This looks like the following:
Conclusion
So, what does this all tell us? Here are some of the key points that I think the data shows:
- You have to keep writing to earn decent money here; 30 articles a month feels like a minimum to have any guarantee of ongoing success, and if you can submit more high-quality articles, so much the better
- Having a decent back catalog is really important - It takes time to build up momentum on CC, but more articles *significantly* improves your chances of getting one purchased
- There are clearly some areas that perform much better than others (at least in the data that I analyzed); in terms of percent of inventory, that was: Merchandise, Relationships, Home; in terms of number of sales it was: Health, Business, Home; in terms of chance of sales it was: Merchandise, Business, Home
- You have to pay attention to pricing to sell, more information here: https://www.constant-content.com/forum/ ... =2&t=76728
I hope that all of this is useful information and that it guides you in future writing for the site. I am grateful for any feedback.
Thanks,
Paul.
In this post, I have attempted to bring together lots of information from various areas to answer the big question - How much can we actually *make* on CC by regularly submitting articles?
A few points to note:
- This is based on around 30 days of sampling data in late May and June only, so there *are* bound to be seasonable variations
- I have made a few assumptions about the data
- The data listed here on selling articles is based on all else being equal - In other words, it doesn't take account of individual writer's pricing, client relationships, styles or anything like that; it is based on data from the site as a whole
- There is no guarantee of future performance or sales here, this is purely based on historic information
- This is only based on 'Public', Catalog sales
- This is a snapshot at a single point in time
- Because of the (relatively) few number of data points (< 1,000), there are skews and fluctuations, but I am working with what I have!
I have divided this post into two main parts:
- Part One - Details of inventory, number of articles sold and percentage of articles sold
- Part Two - What this means to writers in terms of how much we need to produce to earn money
OK, let's take a look at the data.
Part One - Details of inventory, number of articles sold and percentage of articles sold
Total Inventory
One of the most important areas is the total inventory of articles that customers have to buy from, since that's the overall catalog that we are submitting to, this looks as follows (largest to smallest):
Health & Lifestyles: 9,573
Home: 7,291
Business: 6,099
Relationships: 3,408
Recreation : 3,172
Technology: 2,935
Society: 2,519
Arts & Culture: 2,031
Merchandise: 1,136
Science: 827
Regional: 791
Sports: 596
General: 509
Total : 40,887
And here it is in graph form.
Total Number of Articles Sold per Month
So, we know how many articles are in the inventory, but how many of those are actually selling? Glad you asked, here's a snapshot of sales over the last thirty days in terms of number of articles sold:
Health & Lifestyles: 219
Business: 188
Home: 103
Relationships: 100
Technology: 67
Recreation : 61
Merchandise: 38
Arts & Culture: 35
Society: 35
Regional: 14
Science: 14
General: 10
Sports: 5
And in graph form
Percent of Inventory Sold per Month
Using the figures above, we can calculate the total percentage of articles by area that are sold in a month, this looks like the following (largest to smallest):
Merchandise: 3.1%
Relationships: 2.9%
Home: 2.6%
Health & Lifestyles: 2.3%
Recreation : 2.1%
Technology: 2.1%
Regional: 1.8%
Arts & Culture: 1.7%
Science: 1.7%
Business: 1.7%
Sports: 1.7%
Society: 1.5%
General: 1.0%
And in graph form
Comparing Total Inventory and Percent of Inventory Sold
We can bring all of this together in the following graph, which shows the total number of articles available and the percentage of them that sell per month.
Individual Catalog Areas with the Highest Percentage of Sales
Previously, we've just looked at high level areas, here are the details of the top twenty areas with the highest percentage of catalog sales (filtered for at least ten sales a month)
Part Two - What this means to writers in terms of how much we need to produce to earn money
OK, so we can take all of that lovely data analysis and apply it to what we need to do as writers and what we can expect as a result.
How many articles do I need to produce to sell?
Based on all of the above (and other) data, we can extrapolate how many articles writers should submit per month by area to have a chance of one of them being sold. In the graph below I have shown:
- Number of articles to submit per month for 'Reasonable' chance of sale
- Number of articles to submit per month for 'Good' chance of sale
- Number of articles to submit per month for 'Excellent' chance of sale
You can see from this that 'Business', 'Relationships' and 'Merchandise' require the fewest submissions for sales.
All of the following data and graphs are based on a writer submitting 30 articles a month (one per day, 7.5 a week), since that seems to be a reasonable number, within the reach of most of us. Clearly, some writers will submit more articles and some fewer, in which cases these chances and numbers would increase or decrease relatively. All of this data is based on submitting 30 articles into one individual area
Submitting 30 Articles a Month - Chance by Area, Per Month of One Sale
This graph shows the likelihood of making at least one sale a month, based on submitting 30 articles, split by area.
Submitting 30 Articles a Month - Likely Number of Sales by Area, Per Month
Based on submitting 30 articles a month, this is the likely number you will sell per month by area.
Submitting 30 Articles a Month - Likely Value of Sales by Area, Per Month in Dollars
Based on the previous work looking at licensing costs ( https://www.constant-content.com/forum/ ... =2&t=76728 ), we can calculate the total potential earnings per month by area, as follows:
Cumulative Value of Sales
This data only represents how much a writer will earn in one month, based on submitting 30 articles, however we can also look at their likely sales per month based on a continuous submission of 30 articles (Since all of their back catalog will be available to buy as well). This looks like the following:
Conclusion
So, what does this all tell us? Here are some of the key points that I think the data shows:
- You have to keep writing to earn decent money here; 30 articles a month feels like a minimum to have any guarantee of ongoing success, and if you can submit more high-quality articles, so much the better
- Having a decent back catalog is really important - It takes time to build up momentum on CC, but more articles *significantly* improves your chances of getting one purchased
- There are clearly some areas that perform much better than others (at least in the data that I analyzed); in terms of percent of inventory, that was: Merchandise, Relationships, Home; in terms of number of sales it was: Health, Business, Home; in terms of chance of sales it was: Merchandise, Business, Home
- You have to pay attention to pricing to sell, more information here: https://www.constant-content.com/forum/ ... =2&t=76728
I hope that all of this is useful information and that it guides you in future writing for the site. I am grateful for any feedback.
Thanks,
Paul.