I'm an academic and would like to start a scholarly journal. My reasons are manyfold: primarily I want an open access journal, and think that my field needs an own journal.
How do I start a new open access journal?
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You shouldn't do this alone if you want to have a respectable open access (OA) journal in your field. The first time after launching a journal is critical: You need a good editorial board and a sustained amount of good submissions until you achieve a good impact factor. This is pretty much impossible without the help of an organization or a professional publisher.
You are probably a member of some kind of scientific society which is active in your field. I suggest that you get some other members on board with this idea and lobby for the society starting an OA journal. There are quite a few OA journals that have been started like this. An example from my field are the EGU's open access journals, which are a huge success.
Starting an open access journal will require a significant amount of time from a dedicated group of people with expertise in diverse areas. A great resource I found that explains this process in detail is "Starting an Open Access Journal, a step-by-step guide". In addition, there are many books on the topic as well, and online resources which I will list at the end.
Why do you want to start an open access journal? To promote scholarly research in your field, to allow dissemination of knowledge, or to increase your own prestige within the scientific community? It may be possible that you will find your efforts more rewarding and fruitful if you are able to contribute to an open access journal. I have listed a few resources below:
ArXiv.org - "e-paper" of scientific papers in math, physics, computational finance, computer finance. De Facto publishing platform for many fields.
oatd.org - Fantastic collection of Open Access Theses and Dissertations, free to search, download. Great resource for any open access researcher.
Wikipedia Directory of Open Access Journals - Before you begin further development on a new open access journal, be sure to check that a journal with your current focus is not already in existence. In addition performing this research will help you to form your open access journal if you decide to pursue starting an open access journal.
See the list of "OA journal launch services" maintained by the Open Access Directory. http://oad.simmons.edu/oadwiki/OA_journal_launch_services
If you learn about other, similar services not on the OAD list, you could help others by adding them. OAD is a wiki open to public edits.
I am not having enough reputation to just post comment on topic. http://megamozg.ru/post/7612/ — This article, written in russian, covers topic of creating scientific journal from technical side (software, typesetting, registering in things like DOI and ISSN).
Here's a book:
Developing open access journals : a practical guide.
Solomon, David J. https://books.google.com/books?id=sbIVAQAAIAAJ&source=gbs_ViewAPI