B-Sides: Crowdfunding 101
In this episode of B-SIDES we talk about getting started with crowdfunding; how to decide how much to ask for, what you should offer your backers as rewards for their support, and how to ask for help.
Highlights:
- We talk about how to decide how much you need to raise in your crowdfunding campaign
- Knowing how much you need to make your project happen is so important as it will help to set your initial crowdfunding targets
- On setting targets: “how much do I need vs how much can I actually raise?”
- We talk about the additional costs that you’ll need to factor into a crowdfunding campaign eg marketing / printing costs etc
- We talk about how crowdfunding doesn’t provide you with an audience who will support you – you need to bring that audience with you
- “Be realistic with the audience you already have, and think about how much you could expect them to contribute”
- We compare different crowdfunding platforms and Marcio shares his experience of the ones he’s used
- We talk about the different types of crowdfunding campaigns that are available, and the pros/cons of both
- We talk about what you can offer to your audience in exchange for their support and some examples of what other artists have offered
- “With your rewards you can be creative and offer something exclusive people can’t get anywhere else”
- We talk about getting your audience involved and asking them what rewards they would like from you
- “Make your audience feel involved and that they are getting something in return, rather than you simply asking for money”
- “It has to be a two way relationship, it’s not all about asking – you have to give back”
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