Monday, August 25, 2014

Crowdfund Correctly

Crowdfunding has become an exceptionally useful tool for bands/musicians who are being held back by financial woes (so…pretty much everyone). But before you get carried away with daydreams of recording your opus on the dimes of your fans, you need to give seriously pragmatic thought to how many dimes you ask for. Don’t ask for the exact amount that you think you’ll need because other expenses are always going to come up. Maybe you’ll have to go back and fix some backing vocals that didn’t come out quite right, maybe you have a lot of fans in Europe and sending them the album once completed will cost you what should be your first couple hundred bucks in revenue. Your best bet is to aim for an amount roughly in the middle of the bare minimum and the worst-case scenario maximum. 

No comments:

Post a Comment