Have You Considered Crowdfunding?

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.

 

Crowd at Fair

Crowd at Fair (Photo credit: RaeAllen)

 

Crowdfunding: The Newest Step In The Publishing Process

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.

 

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Kickstarter: A Good Tool For Writers?

kickstarter logo

kickstarter logo (Photo credit: AslanMedia)

I was approached by a family member who thought I might be interested in Kickstarter.  If you’ve never heard of this project, they basically give authors, film makers,  entrepreneurs and anyone else who has an idea or dream, an opportunity to promote their project and ask for money to fund it. It’s an excellent idea and provides lots of support for anyone who would like to generate a following  which encompasses not only financial support but just support in regards to like minded individuals who may share the same idea.

Over at Litreactor, lots of reasons why Kickstarter can be good for writers. They’ve listed prime examples of how it could be a benefit and also a few that show why it may not work for everyone. If you have had an experience with Kickstarter or are considering it, I would love to hear all about it.

Is Kickstarter A Viable Tool For Writers?

It used to be that if you wanted to record an album or write a book, you had to beg your parents for money or get a job flipping burgers, just to keep the lights on and the booze flowing while you toiled at your art.

That paradigm has shifted, thanks to crowdfunding websites like Kickstarter, where you can post a work-in-progress, request funding by enticing people with exclusives and rewards, and ultimately fund your dream without the indignity of filing out an application at the local Starbucks.

It’s like a public endowment for the arts. It democratizes the process; the people choose what they want to hear or see or read. Sounds cool, right?

But the site and the process aren’t without criticisms. Some people regard it as little more than digital panhandling, and Kickstarter has been accused of not policing its own back yard; allowing projects that never come to fruition, and not protecting customers when money disappears.

Quick aside: Last night, on my commute home, I sat on the subway next a couple in their mid-30s. The guy was telling the girl about Kickstarter, and said they should figure out some way to get people to give them $10,000. Read more here.