If you’d love to write a book, but have no money, just a dream, maybe others can help you to achieve your dream by funding you.
Author Greg Banks set up a Indiegogo page to fund his dream, and at the moment, he’s almost halfway to his $5,000 goal, with seven days left on the campaign. Consider backing Greg, even if you’re not a zombie fan.
Basically, crowdfunding is a way of funding a project with micro-payments from people who are willing to invest in your project. Authors use crowdfunding as a way to finance their work on a book project. The author’s goal is to get funds for editing, cover design and promotions; or, the goal may be funds for living expenses while he writes a book.
Mediashift looked at the three platforms, and the differences between them:
Funding on Kickstarter is all-or-nothing — projects must reach their funding goals to receive any money. To date, nearly 44 percent of projects have reached their funding goals
You get all your money from Pubslush, as long your project wins $500. Indiegogo is appealing, because it doesn’t demand that you reach a specific funding goal before it releases the funds to you.
(Make sure that you read the terms carefully on any platform you’re considering.)
Can your crowdfund your next book?
If you’ve got a great idea for a book, or have written a book but it needs effort to make it ready for publication, or you want to promote a worthwhile book, crowdfunding is an option.
The benefits are enormous, aside from the money. You receive inspiration and support from the people who fund you, AND you commit to writing and publishing your book. It’s a way of ensuring that you take action on your dreams… you don’t want to let people down.
There’s a pitfall too. Developing a crowdfunding campaign takes time and energy. You need to promote your campaign, so that it gets and maintains visibility for the length of the campaign.
What kinds of book projects are funded?
Browse the “writing” category on Indiegogo. Your book can be nonfiction, or fiction. Click the tabs for the Popular Now, and Most Funded sections of the writing category to see which projects are popular.
Explore the other two main crowdfunding platforms for authors too.
If you decide to set up a crowdfunding campaign, make sure that you reach out to other writers for support, either on their blogs, or on social media. Many will help you to get the word out. I’m certainly more than happy to give you a boost on one of my blogs, or on Twitter, so do get in touch.
Crowdfunding offers you wonderful opportunities to achieve your writing dreams, so keep writing.
Need help with your book? Consider book coaching.
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