Crowdfunding has been seeing the news more and more in the past few months because of all the positive developments in the industry. There are government entities that are trying to find a way to incorporate the platform into their economic plans and looking how to balance oversight while giving out the flexibility and freedom to project initiators to spread their wings and be creative with the campaigns they are putting out.
There are also a lot of people who finding it useful to solicit the help of the media to get their projects out there for people to read about and consider supporting. There are business owners trying to open up a brick and mortar shop for an online business that they have. There are some entrepreneurs who are looking for ways to get their online business started as well. In all these, there is another industry that is slowly starting to put crowdfunding into their list of options.
Artists and creative people add color, vibrancy, and art into what could only be a mundane life for the rest of us. From printed materials you see every day to art pieces that are meticulously curated in museums are just some of their work. The music you are listening to at the moment is also a product of the artists that at one point, would need financial backing to get their craft out to people who could appreciate it more.
Crowdfunding can help artists
Social funding is not an entirely new concept but one that takes advantage of technology to help spread the project out to a lot more people more efficiently. The idea is that the more people who get to notice the project, the more funds can come into the campaign. Here are a few more ways the platform can help artists with their craft.
- Crowdfunding reaches out to a lot of people. One of the early struggles successful artists encountered in the past is getting their craft to as many people as possible. Singers could belt out their best tunes but when they just do it within the confines of their bedroom, there is not much growth from there. The same with painters and other creative people. Putting up a crowdfunding project helps them get noticed by a lot more people all while being able to accept funding for their craft.
- The funding that comes in can help stage shows. The money that is raised by these artists can be used to set up solo exhibits or even produce an album. It can even get an aspiring cartoonist or game developer a shot at producing more of their work with the money they get. The important thing is to be straightforward with the investors and let them know very clearly where the money is going.
- The followers that develop can start with social funding. The people that support the crowdfunding project would most likely be the ones that will follow the artist’s work long before the campaign has ended. This is because they believed in the talent so much that they were willing to put out money to invest in their creative ideas.
This article is written by the Crowdfunders Editorial Team. In Asia, Crowdfunders.Asia is a leading portal on providing news related to crowdfunding, start-up, property and business. It is operated by CoAssets.com. CoAssets is South East Asia’s first listed and largest real estate crowdfunding platform. If you have any Crowdfunding news or stories to share, please email [email protected]