There is a new way for authors to get help, support and even readers for their projects and it’s called crowdfunding. If you don’t know what it is or not sure how to do it, Book Daily offers some great tips.
In order to be successful in the book market, authors need to not only be good writers, but they need to be business savvy, too. Luckily, there are many tools available that can help an author succeed, and one of the newer options is crowdfunding. Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.
First thing’s first. Publishing costs can accumulate quickly and if an author is self-publishing, they are personally responsible to pay for the costs out of pocket. This is where crowdfunding can become extremely beneficial to the self-publishing author. By providing authors with the means to raise funds before they begin the publishing process, crowdfunding greatly mitigates the risk and financial burden of publishing. Read more here.