Sunday, December 24, 2017

Writers & Reviewers

In 2018 I will finally have my finely crafted life.  Why don't you come along with me and get yours at the same time?

For more than a few PEN members, writing some books is an important component of their finely crafted life.  That's convenient because Polymathicans read them.

Ultimately we will have about 6 million Polymathicans and they read about 20 books per year.  That means that at an average of 100,000 copies sold, Polymathicans can support 1,200 authors.  With an average e-book price of $10 and a 70% royalty, the average income will be $700,000.

However, Pareto applies.  80% will be like me, not full time writers, but having a few books in them.  Of the 240 who primarily write books to monetize their finely crafted lives, they will generally earn $500,000 to $10,000,000 per year.

You can self publish to Amazon.  They will take 30% and they will only do very incidental promotion.  The PEN system also takes 30% but it very aggressively promotes each title through about 100 Leonardo book reviewers.

Leonardo reviewers find 24 or so titles per year and publish reviews. All 100 reviewers have on their page a link to all past titles.  They receive 15% on all sales.  50,000×24×$1.50=$1.8 million.

There is one last small number of PEN members who will start one or more bookbinders for those who want a hardcopy of ebooks.  This is a substantial improvement over the old system.  Customers can choose size, color, paper quality, etc.

So, in total, around 300 PEN Members will be engaged in this productive activity as their primary monetizing strategy and perhaps another 2,000 will engage in it intermittently.

We can succeed, create our finely crafted life, if we work together.  We all need the same tools and foremost among them is this subscriber list to The Polymath.  They are our investors, patrons, research funders, readers, customers, audience, etc.  They fit our 1.2σ Simonton Gap.  As remediation for the Inappropriately Excluded, they are the first, and most important, step.

If tomorrow is to be better than today it is because you did something to make it so.  Become a Founding Member of The Polymathic Institute and become involved in PEN.



Monday, December 18, 2017

The Polymathic Institute in 500 Words

Between 60K and 120K people will join the Polymathic Institute (PI) and have their lives profoundly transformed for the better.  Members will have a mean D15IQ of 150 with a 7 point standard deviation.  They will be from the Inappropriately Excluded and while their intellectual ability is at the 99.97%'ile, neither their professional attainment nor their income is even remotely close to that.
 
We are going to fix that.  With our Plan for Development and just a little effort, you can go from zero to your wildest dreams in under two years.
 
First you will,
1) join CWoM and use some of the proceeds to join the Polymathic Institute or
2) hit your warm market for a reward crowdfunding and use some of the proceeds to join PI or
 3) pay the $300 membership fee.
 
Then hit your warm market to subscribe to The Polymath.
 
That's it.  You are now ready to build and monetize your finely crafted life.  But that is a different topic for a different day.  But, it's pretty damn cool.
 
In less than one year we will build The Polymath subscriber list to about 4 million.  These readers will come from the top 5% of the population in intellectual sophistication.  That perfectly matches the D. K. Simonton gap for PI  members, i.e., you.  They will become your investors, 'true fans', patrons, donors, grant funders, readers, customers, etc.  Whatever monetizing strategies you need to fund your finely crafted life, they will provide you with a sufficient resource and, according to Simonton, you will be persuasive.
 
Our Plan for Development is feasible and we have already successfully started it.  It works like this.
 
In The Pareto of Virality, we see that just 4% of meme recipients decide, with their behavior, if it goes viral.  So, pointed at them, we have a compensated word of mouth campaign (CWoM).  Our assumptions are that the average CWoM participant will create 140 subscribers and, of those, 3 will become CWoM participants.
 
This tells us that our new subscribers will be 3ⁿ×140 in each generation of CWoM participant.  The math works out that we exceed 4,000,000 subscribers in the 9th generation.  Based upon our current experience, a generation should average a month.  So, we are currently projected to reach the inflection point of our growth curve in under one year.

For members of the Inappropriately Excluded, this resource is sufficient for remediation.  We're smart.  We should all understand the dynamic.  And, we should understand that the only thing standing between us and the monetization of our finely crafted life is our own behavior.  So, you most certainly should get involved.

There, less than 500 words...as promised.

First, if you have not, subscribe to The Polymath.  It is our primary mode of communication.  Your referral code is 032950

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 If you are already familiar with The Polymathic Institute and the Polymathica Enterprise Network, its time to make a decision.  If you join right now, your first year membership fee will provide you with lifetime membership.

You can join to the left.


Or, you can become a participant in CWoM and get your lifetime membership with sweat equity.  Just send a blank email to TPSubscribers@gmail.com


Tuesday, December 12, 2017

The Polymath Prepaid Ads. Bitcoin Level Returns?

Imagine you could go back and buy Bitcoin at $50 or that you had bought and held Microsoft's IPO.  Certainly it's too late for these now.  Bitcoin would need to go to $3,000,000 to get the same return now.  Microsoft is so huge it can't grow very much more than 5% or 10% per year.  Yes, your hindsight is 20/20.  But how good is your foresight?  Do you or will you make the right decision when and if you are presented with the next Bitcoin?  Or will you pass on it again?
The Polymath prepaid ad program is, perhaps, such an opportunity.  They are $50 each.  With our compensated word of mouth campaign we are shooting for 4,000,000 subscribers within 2 years.  If we are successful, your ad will likely be worth 12,000 USD.  $50 to $12,000 in two years is definitely Bitcoin territory.
We have one purchaser who is holding 16 ads.  He stands to turn his $800 investment into $192,000.  He understands its a risk.  In what world are 240X gains in two years not risky?  But he believes in the Polymath and, as an entrepreneur, he's a risk taker.
We are only selling 500 of these and right now (Dec. 18, 2017) 94 of them are gone.  Very soon they likely will all be gone.  So, their market value may actually increase faster than their current value as an ad.  Through The Polymath we will provide an exchange which will provide early liquidity.

Securities laws will not allow us to warrant this, but if you think about it, it very likely will be in our best interest to offer equity in The Polymath in exchange for the prepaid ads.  As ads are redeemed they will depress our cash flow and equity will not.  So, while we cannot warrant it, you may want to consider the possibility that prepaid ads may be a route to an equity position.
Lastly, you could use the ads at some point.  You may already have a reason to talk to four million of the most intellectually sophisticated people in the world.  Or at some point you may start or join a PEN enterprise and your ads are contributed capital, increasing your equity share.
Both Microsoft and Bitcoin are huge and hundreds of thousands of investors stood to reap huge capital gains.  While the percent gains could be comparable, the scale of prepaid ads is tiny by comparison.  We have sold 94 ads to 19 people for an average of about 5 each.  If that average holds, the remaining 406 ads will go to just 81 people.  In the end perhaps only 100 people may hold them all. 
We all take risks in life.  Casinos and State Lotteries make huge money pedalling minus sum games to people who are hoping that they will be the exception who wins.  It does, in fact, happen, though that isn't the way to bet. The stock market offers opportunities that in total experience reasonable gains.  Some stocks can realize enormous gains.  The stock price in one of the first companies I worked for increased 160X in the seven years I worked there.
The Polymath prepaid ad campaign offers the potential for similar gains and that should be part of the attraction.  However, like the fellow with 16 ads, we hope that the purchasers will also be motivated by a belief in The Polymath.  There should be a magazine without bias and not dumbed down in an effort to gain readers.
Below is a PayPal button to the ads purchase page.  You will receive an e-voucher attesting to your ownership.  Once all ads are sold out we will create a secondary market and publish the current bid and ask in The Polymath.
Regards,
Michael Ferguson

Simply fill out your Referral Code and click buy now. If you don't remember your referral code, simply type subscriber and we will get your code from the subscriber list.  If you never received a referral code, use 032950.  If you are interested in purchasing a quantity that is not listed, choose the highest quantity that doesn't exceed your purchase quantity, then return to the button and buy a second time.

Number of Ads
Referral Code




Tuesday, November 28, 2017

Polymathic Academies

In The Inappropriately Excluded we looked at the impact of traditional educational institutions on gifted children and their contribution to a lifetime of underachievement.  From the very beginning we have recognized the need to create better educational environments for our Polymathican kids.
While the need and interest has certainly been there, there has been no practical route to implementation.  Now with The Polymath, there is.
 
The first business model will likely be providing question first, autonomous learning modules for home schooled gifted children.  Over time as both the Polymathic Academies and the market matures, bricks and mortar Academies can be opened as well.
 
There are four conditions that must be met in order for the Polymathic Academies  to be successful.  They are:
1) Sufficient funds must be raised in order to create an inventory of modules sufficiently large to satisfy initial market requirements.
2) A sufficiently large team of module authors must be recruited and mobilized.
3) Cost effective marketing channels must be created
4) A qualified scientific team must be created that can demonstrate a) traditional educational environments are suboptimal for gifted children, and b) the Polymathic Academies are effective remediation.

In the past none of the four conditions could be satisfied.  However, a robust Leonardo and The Polymath changes that.
1) 4.2 million subscribers to the Polymath should easily meet the $1,070,000 limit on CF Crowdfunding and this should be sufficient to field an initial set of modules.
2) At this time PEN should have about 60,000 members which should be sufficient to recruit enough module authors.
3) The Polymath, Leonardo and Polymathic a, when its built will create marvelous adverting media.
4) Scientific study of the efficacy of the Polymathic Academies can be funded, staffed, executed and reported with PEN, The Polymathic Institute, The Polymath, Leonardo and Polymathica.
 
PEN members who are interested in participating in the Polymathic Academies Work Group will be given the opportunity in the regular PEN communications.  For non-PEN members who want to join for the sake of joining the Polymathic Academies Work Group, join PEN by clicking below.  Because we do not yet have 150 members, your membership fee will be for a lifetime membership.
 
When you join The Polymathic Institute, you also are a member of Polymathica Enterprise Network.  This sign up is a one time payment for a lifetime membership.

Membership E-mail




More Details
Self Paced and Autonomous Learning
Most children need to be taught.  However, gifted children, actually 125 IQ and above, do not.  In Garth Zietsman's words, 'This category and all those above them don't require assistance to learn. They can find the information and master the methods themselves.'  Actually, our experience is that above an IQ of about 140, children prefer autonomous learning.  It is a basic assumption of The Polymathic Academies. 

An advantage of this approach is that learning is also self paced.  This is important since Marica Gross found that children with IQs over 160 must be radically accelerated or their life prognosis is very poor.  She actually found that gifted children learn faster than the implied rate from their ratio IQ.  A deviation IQ of 160 is a ratio IQ of 178.

So, if a child begins formal education at 5 and has a ratio IQ of 178, one would expect him or her to graduate from high school at 12/1.78+5=11.74 years.  Gross found that they actually learn faster than that and that the greater learning speed can be applied to broader knowledge.  This is our model, though, whatever the learning speed, the distinguishing factor is a facility in and proclivity toward self-paced autonomous learning.


Question First Learning
After the first few years of basic skills learning, similar to Kumon but updated for computer, drill or game options, children will begin a course of education based upon modules that ask a question and expect the child to answer the question through self-study.  A question might be, 'Why did the large dinosaurs go extinct 65 million years ago?'  The child will google, study, go to the library, watch videos.  The module will periodically prompt the child with subquestions, such as 'How often would we expect a asteroid or comet of the size that hit the Earth 65 million years ago to hit the Earth?'

As they work through the module, the students will come to understand the late Cretaceous fauna and flora, paleoclimatology, the asteroid theory, the behavior of ecosystems, etc. and then prepare a final report.  This will be reviewed by an educational specialist.  The purpose is to encourage the child to consider questions without specific reference to a subject.  This is what makes it The Polymath Academies.

Dovetailing with the Current Educational System
Nearly all jurisdictions require that home schooled children have local school district oversight which is usually minor if the jurisdiction requires annual testing.  If the child is appropriate for The Polymath Academies, they will usually advance well ahead of the state requirements.  Still, a general test should be given to the child well in advance of the state requirement to check for significant gaps in the child's knowledge.

Conclusion
This is a preliminary outline for the Polymathic Academies.  As the PEN workgroup forms, it will flesh out a much more detailed description of the educational and business plans.  Some aspects may change significantly.  However, for those who would like to contribute to gifted education, especially for polymathic children, the goal will stay the same.



Saturday, September 23, 2017

The Polymath Prepaid Ad Program

Target:   $50,000
Raised:    $ 4,500

In our first crowdfunding, by far, the most money was raised with the prepaid footer ad and the Lifetime PEN memberships.  So, in this round, it is what we're offering
in total we will sell up to 500 prepaid ads. We've sold 90 so far.

It works like this.  Crowd funders will fund in 50 USD increments, each of which will receive a 'forever footer ad'These ads can be held for any length of time and then used or sold at the then current ad rate.  Presumably as circulation increases the value of the ad will increase proportionately.

We are planning to launch The Polymath on May 12, 2018 to coincide with the First Annual Polymathica Gathering in Marbella, Spain.  We our forecasting that, through the Compensated Word of Mouth program, we will launch with about 200,000 subscribers.  That translates into an ad value of 600 USD.

Our circulation goal at one year is 1,000,000 which translates to a footer ad value of 3,000 USD.  Our two year goal is 4,000,000 which translates to an ad value of 12,000 USD.  $50 to $12,000 in two years.  That makes this more like a high return investment than a reward.  That is why we aren't using a crowdfunding platform.

When you purchase one or more prepaid ads, you will receive an email certificate.  For those who have already purchased, one will be arriving in your inbox this week.  Also I will publish a list of owners by customer number with the quantity owned.  Once the Polymath is launched and the cost of a footer ad exceeds $50, I will publish the current rate and provide a mechanism for bringing buyers and sellers together.

Of course any purchase with the potential to appreciate 240 times in two years should be considered speculative.  But that's OK; the cost of entry is low. While we are confident in our plan for development there is no assurance that either the circulation or CPM targets will be reached.

The Polymath is an extraordinary vision that will promote and enable polymathic research, education, careers and lifestyles.  It will also facilitate remediation for the inappropriately excluded.  

By providing initial funding for these visions, in addition to the potential for substantial gains,vyou will be doing something of profound value to society and yourself.

We understand that many of those people who have already crowdfunded The Polymath have done so out of a belief in the vision.  Still, it is only proper that they be amply rewarded upon success.

Our goal is to sell170 ads per month for three months.  That means you can come back and buy more in subsequent months.  However, keep in mind that we could sell out early.

Click here to be taken to our PayPal funding page.

Saturday, July 22, 2017

The Polymathica Book Club Workgroup

Polymathicans are voracious readers, often reading more than fifty books per year. Furthermore, because of their high degree of intellectual sophistication, their book selection is well outside of the mainstream.  Many appropriate titles are resident on Amazon, but they are buried too deep to find easily and the 'reader reviews' often cannot be trusted.  Consequently, a Polymathica Book Club is one of the earliest opportunities for members of the Polymathic Institute's Enterprise Network (PIEN).
Strictly speaking, the bookclub is actually a network of book review newsletters, cross linked through exchanged banner ads.  Subscribers to a newsletter can download the book with a single click, and they can choose to store it in their 'cloud library' provided by the book club.    The author will receive 75% (5% more than through Amazon), the reviewer 15% and the 'book club' 10% for download, cloud storage and payment processing.
At first, book reviewers will scour the low volume titles on Amazon looking for titles that they feel comfortable recommending.  However, over time Institute Members, who write books, will submit their work directly to the book club.  Over time, reviewers will either build trust with their readers or not.  Some reviewers may attempt a personality based newsletter, covering several genres and relying upon their reputation for good taste, but most will choose a specialty, egs. Archeology, Hard Science Fiction etc.  
Reviewers with large mailing lists may earn substantial income while expressing a portion of their specific interpretation of a finely crafted life.  Suppose a reviewer explores titles, reading one per week and reviewing one per month.  If the title costs $10 and is purchased by 5% of their 500,000 subscribers, they will earn 37,500USD per month from a fraction of their time, doing something that, for the most part, they want to do anyway.  This can provide a base income while the Institute Member pursues other activities, such as Microstates or Polymathica TV, that will  likely take a longer time to create income.
If we assume that, at maturity, 6,000,000 Polymathicans buy 6 titles per year at an average price of $10, total reviewer income will be 3,000,000 × 1.50USD=4,500,000USD per month.  That will support 120 reviewers at the aforementioned 37,500USD per month income.  Because this represents an opportunity with high income, few hours, and fast maturation, the slots will likely fill up quickly.
There also needs to be a central project team that will provide shared services to the reviewers.  This is the book club, itself. It will build traffic, process payments, download titles, and provide cloud storage.  It will retain 10% of the purchase price of which profit will be about 4%. At market maturity, this is 6,000,000 × 6 × 10USD × 10% = 36,000,000USD revenue and 14,400,000USD.  At 18X PE, this is a market cap of about 260 million USD.  If an initial 1,000,000USD equity crowdfunding is given 20% of the equity, this constitutes a 52X capital appreciation.  At 100% per year ROI, market maturity needs to be reached in a little under 5 years.  With the Enterprise Network model, this is a reasonable goal.  
The central project team can be successfully undertaken with 5 members, with an average equity stake of 16%.  This translates to an annual income of 2.4 million USD and will likely require 80% of their productive energies.  They will be nearly full time, while reviewers and authors will be only dedicating a portion of their productive energies to this activity.
At market maturity there will be 36,000,000 unit sales.  And 120 reviewers will review about 1,440 titles for 25,000 unit sales and author income of 187,500USD.  Actually, for both reviewers and authors something like a Pareto function will apply.  This means that about 24 reviewers and 288 authors will have high six figure (USD) or even low seven figure income.  For these members, the book club will be their primary income source, while, for the remainder, it will be a source of supplemental income.
The Polymathica Book Club will be one of the first workgroups to generate significant revenue and participants should start searching for titles immediately.  From the very beginning, the Book Club Project Team should form and start creating a business plan for presentation to crowd funders.  The initial crowdfunding will be for about 20,000USD and will be a rewards funding.  That will be followed in about six months with a 1,000,000USD equity funding, probably reported in the U.S. with a Regulation D, Rule 504 exemption and similar exemptions where available.  It is probably the case that this project team will be created from Founding Members and will not be available for those who come after.
Members interested in publishing a book review newsletter should start searching Amazon and other e-book sellers for appropriate titles.  They also should interact with other Work Group Members to start building a list of potential banner exchange newsletters.  While the Book Club will create a lot of traffic, the reviewers can start adding subscribers as well.  While this will not be very significant, when it is multiplied by 120 reviewers doing the same thing and then exchanging banners, it can be a good initial source of revenue.
Aspiring authors may choose to join the workgroup as well which will give them an opportunity to start building relationships with reviewers.
Lastly, there are download sources of free, out of copyright books, the largest of which is Project Gutenberg.  Some workgroup members may choose to create collections that can be downloaded all at once, for a fee.  This is a good future opportunity because over time nearly all Polymathicans will want such a library resident on the cloud storage that will be available through the Book Club.  It may be marketed through the Book Club or through The Polymath or Polymathica.  Most likely the success will come from collections that follow a particular theme, egs. Victorian Novels, Enlightenment Philosophers, etc.
If you want to become involved in this Work Group, you may do so by becoming a Founding Member of the Polymathic Institute.  As a Founding Member, your first year membership will grant you lifetime membership.  You will be able to join two other work groups.  All you need to do is use the form the left column.  Be sure to include the e-mail address that you want to use for Institute Membership communications.  Once your payment has cleared, we will contact you, via your provided e-mail to find out which Work Groups you wish to join.
We look forward to your participation.