There are several key decisions that you need to make, when setting up a car racing sports magazine.
Firstly, you need to figure out whether the car racing sports magazine will run entirely online, or whether there will be a print edition of it.
Secondly, you need to figure out whether you will be using full-time staff writers for the car racing sports magazine – or if you will be using part-time writers. If you opt for full-time staff writers, you have to be ready to pay them full-time salaries and benefits. If you opt for part-time writers, you will get to save some money — but you will have to deal with the unreliability associated with part-time workers. If you are really open-minded, there is yet the other option of using freelance writers.
Thirdly, you need to figure out how exactly you will be making money from the car racing sports magazine: whether you will be relying on sales revenues from print editions or on subscription payments or on advertising revenue. Here, you need to be open-minded: like if, for instance, you opt to rely on advertising revenue, you need to go beyond thinking of advertising revenue from the automobile vendors. That is because with this sort of magazine, you can get advertising revenue even from household appliances vendors, business supplies, exercise equipment vendors… and so on. It may be possible, for instance, for you to run ads for the best elliptical machines vendors on the car racing sports magazine. In that regard, for instance, you could have the exercise equipment vendors run ads for, say, the best rated treadmills on the magazine. The readers won’t care what ads are run on the magazine, as long as the actual content in the magazine is good enough for their needs.