Month: April 2016

Crowdfunding for artists

Crowdfunding for artists – Helping them Progress

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Crowdfunding for artists is one of the very preliminary crowdfunding topics of the world. Artist are the very creative persons, this creativity can be reflected in diverse field like painting, music, architecture etc. The challenge is in making an artistic capability a way not only to earn for a living but also to dream big and be exceptionally successful. Financing has to play a really big role in securing this dream. Artist have nothing but talent which is not considered by financing institutions such as banks to provide loan to them. Crowdfunding for artists, which demands only the show of talent has brought in a ray of smile in the lives of aspiring artists. Crowdfunding for artists has brought in a way for artist without any contacts to get their talent stamped by the public.

Success stories of crowdfunding for artists

Most of the artist spend their life time for the love of art, but a very few could reach the summit. Also amongst them rare are the ones who do so in early ages. Success to the Arlington base Karin Ringheim came at the age of 69. She was in to writing for nearly 30 years until her work was accepted by a famous theatre of New York. With this selection came a burden of $20,000 which was the estimated cost of rendering her writing into a stage act. She was in a fix with the most viable option of raising funds visualised by her was selling things on eBay. However,Karin only found solace in this regard only in the concept of crowdfunding for artists and eventually showcased her project on the KickStarter. Crowdfunding for artists helped Karin to raise $20,142 in just three days, thereby leading to realisation of her dreams.

Another success story is of Sean Chyun and his band. Sean, 30 and his band has successfully got financial backing via crowdfunding for artists again on the platform KickStarter. The band was successful in collecting an amount greater than $10K and hence paving way for their maiden professional studio sessions. Ultimately they were able to launch first album of nine songs, all thanks to crowdfunding for artists.

Crowdfunding websites are paving smooth way for crowdfunding for artist

Crowdfunding platforms like Kickstarter and MyEfunder are pioneer in the field for crowdfunding for artists. Alone KickStarter has raised $251 million while crowdfunding for artists in the year 2014. This amount is far greater than the money raised for artists by the National Endowment for arts. These websites are an easy way to promote the art and reach the masses in every nook and corner of the world. This leads to a broader search of people interested in the art and hence a greater chance of success. Crowdfunding for artists on these platforms is also facilitated by the fact that under the art tab these sites also provide sub-categories like music, dance, painting etc.

Crowdfunding for artists have brought major breakthrough in making artists successful and the trend seems to go on with percentage of success increasing every year.

crowdfunding for start-ups

Crowdfunding for start-ups: Taking the correct turn

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Entrepreneurship has evolved with much pace and aura in the recent years. The only thing that an individual with a strong innovative idea has to worry about in the inflow of cash while kick starting his start-up. Experienced entrepreneurs are too openly backing up the idea of crowdfunding for start-ups in this regard. Although crowdfunding has been in the society since ages but crowdfunding for start-ups has become a fonder choice in the recent years. Slowly and gradually crowdfunding experts have evolved in the field of crowdfunding for start-ups. Theoretically crowdfunding for start-ups is more than an easy concept to understand but practically it takes much more than that.

Knowing the unknown about Crowdfunding for start-ups

  1. When we talk about financing any start-up the very first kind of investment option which crowds our minds are banks. Others like venture capitalist and angel investors follow the former option of finance.But a closed inspection to these options find a lot of gate levels by which the money is bounded. Above all this entrepreneurs find crowdfunding for start-ups a cheesecake which can be easily digested. Crowd funding for start-ups are bringing the desired change in the thought process of the society and is enabling people from all sects to dream for better.
  2. There are basically three types of crowdfunding for start-ups namely, rewards based, debt based and equity based. The first one gives a promise of product or services in return to the finance, the other two are investment in the form of debt or equity. Famous crowdfunding platforms run almost all kinds of crowd funding for start-ups The debt kind is similar to loan from a bank while equity crowdfunding gives the investors a share in the start-up.
  3. Preparation before the launch of crowd funding for start-ups is a must to do. Before starting online one has to make sure that in person there are at least a few people who find interest in the start-up. This makes sure that these individuals will be there to back up when the campaign of crowdfunding for start-ups goes online. Launching online might surely give an extra push to the incoming funds but to make sure it works well one has to work hard on regular basis. These works include regular feedback, follow-ups and updates about the work in progress.
  4. Crowdfunding is a layer by layer process and every step takes the individual closer to the goal. Crowdfunding for start-ups educates the public about a brewing innovative idea which could make the society a better place. It also gives an idea of acceptance of the project to the people involved in crowdfunding for start-ups. Other perks which come with crowdfunding for start-ups are judging the feel of the market and building market strategy
  5. Choosing the correct crowdfunding platform is an essential part of crowdfunding. Of various online platforms available in the market one must choose the one which suit ones crowdfunding for start-ups the best. Sufficient time must be taken while making this choice so that after everything the choice won’t be regretful.