As we’ve been writing our book and this blog, I’ve heard more and more about artists attempting to fundraise their recording fees online. So, I did some digging around to find some sites that may help you out if you’re an artist thinking about this.
You set a money goal and a deadline and you only get paid out if you meet that. If you don’t meet it, no one is charged. That’s a good thing, because a deadline forces you to hussle and raise that money.
The company takes 10% of whatever you end up making if you meet/exceed your goal. You don’t get charged anything if you don’t. You can also lower your goal if you don’t think you’re going to meet your deadline.
It’s a pretty good deal.
Remember, just asking for money cause you want to record something is weak. Get creative and offer people more. Name drop contributors on your website, credit them as executive producers, etc… Check out the Elihu Project for inspiration on artist fundraising.
I leave with you “Money” by the most excellent Pink Floyd….[youtube=http://www.youtube.com/watch?v=Xl6NfQyNLto]