Crowd sourcing is a great idea for those with a committed fanbase. It doesn’t always work perfectly but when it does it can be quite amazing. Typically crowd sourcing has been used to fund an album, a trip, a big project, but what about an individual concert?
Promoters, bands, clubs all take a big risk when they book a band, guarantee them money and then hope to God people show up. But now with EventTilt you can mitigate those risk by having your fans buy tickets in advance and “Tilt” the concert into happening.
EventTilt guarantees successful events by eliminating 100% of the risk for event organizers. Ticket buyers are given an opportunity to purchase tickets for events with the complete understanding that a predetermined number of discounted tickets need to be purchased for the event in order for it to occur. If the event doesn’t ‘tilt,’ ticket buyers’ money is returned to them in full without penalty.
… Event promoters select a break-even date (30 days or less), and if the predetermined number of tickets aren’t sold, sales are stopped, and funds are returned in full to buyers. If the predetermined number of tickets are sold, the event ‘tilts,’ and ticket sales continue.
…Unlike competitor, Eventbrite, Picatic guarantees the success of events through a crowdfunding model with the added perk of an exclusive offer. These incentives create relevancy for event promoters as they will know if their event is successful before putting in time, money, and sweat equity. (via Picatic)
EventTilt could be a huge opportunity for those who’ve ever dreamed of putting on show but were worried that they’d lose money on the affair. Plus EventTilt is a brand new venture so they’re ready for all promoters to sign up and give it a try. Check it out here.