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Wednesday, July 18, 2012

How Can Recording Artist and Bands Fund Their Own Projects?


I am currently working with an artist now who is looking to fund a tour with his band. They performed in various venues and college campuses and have received funds for there performances. The big issue now is how can they raise money to go on a tour? It is daunting for an artist to have this on their minds and keep remaining creative in the process. While talking to this artist he stated his concern about having upfront money to start the tour.
You need money for transportation, which includes gas and rental fee of a vehicle if required.  This is where the management team comes in and brainstorms ideas for the artist. There are a variety of ways online that help artist fund their projects. The first one I would like to discuss is Kickstarter. This website gives people with a variety of projects from film, food, photography, publishing music etc. to setup an account where their team or fans can go and help them fund projects. This article on INC.com explains in detail on the best ways to get the most out of the Kickstarter website. This website could be very beneficial to an individual in the entertainment industry who wants to get start-up funding for a project. 
            The next project funding website is Indiegogo.  This website allows people from different industries to raise money, start a campaign and global exposure all at the same time. Talk about an online project manager that keeps getting results 24/7. This is a great way for bands and recording artist to create awareness about their projects and gain a fan base that supports the project. This blog on Indiegogo’s blog site gives great insight on 5 Ways to Use Indiegogo Beyond Crowdfunding. Happy project funding!

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