Some thoughts on a new direction in crowdfunding

Oct 20, 2012 16:00


After a hectic summer working in the breathtakingly beautiful California wilderness, living with no reliable internet, and then a lengthy hospital stay and major surgery, I have finally been getting myself back into the game artistically.  I have yet to dip back into the crowdfunding, though, and I'm afraid it has more to do with a lack of ( Read more... )

cyberspace theory, cyberfunded creativity, how to, art

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shadows_gallery October 21 2012, 23:07:34 UTC
Thank you! It's good to be getting back in the game. Hope all's been well with you!

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Thoughts ysabetwordsmith October 21 2012, 06:47:29 UTC
>> I have yet to dip back into the crowdfunding, though, and I'm afraid it has more to do with a lack of confidence than a lack of desire or need. <<

Then it might help to start small and low-pressure. If that works, you can build up to something more complex.

>>I desperately need to raise prices<<

Be honest about your costs in time, material, and other factors. I recommend comparing what you make to an hourly rate. Also, read " The Three Micahs on Pricing."

You need to look for a balance between how much you need to charge, and how much your patrons are willing and able to pay. Right now the economy sucks, so a lot of people just don't have any money to spend. But some do. It helps if you can offer a range of items at different price levels.

>>For one, I'm considering hosting weekly $5 Sketch Days, rather than Free Sketch Days as I've done previously, but taking the first five prompts for free.... )

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Re: Thoughts shadows_gallery October 21 2012, 23:08:13 UTC
Thank you as always for a well-thought-out reply. :) You've given me some good ideas.

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Re: Thoughts ysabetwordsmith October 21 2012, 23:16:38 UTC
*bow, flourish* Happy to be of service. I try to collate information about crowdfunding and share it so more folks can make this business model work.

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