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What is the target audience for this and how would you monetize it?
Writers/readers - sales (that's not yet)

Educational institutions - writing software

That monetization strategy makes sense, though I'd find out what such institutions are looking for in writing software before going too far.

I'd suggest refining who your target audience is. Writers and readers is far too broad. Having a better sense of who would use this will help you develop and position the product much better. As it stands, when I hit the site I can't tell if it's for adults or children. The answer is probably both but when you go to start marketing this you'll have to choose one.

You hit the nail on the head - I've been thinking about it for a while and I still can't decide if it's for adults or children.
In that case my pragmatic side says to approach some educational institutions and see which they'd be more likely to buy.