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Entries in philputnam (2)

Friday
Aug272010

The Crowdfunding Quandry: Sales Vs. Art Vs. The Little Voice Inside Your Head

Here we are at WEEK 9(ish):  60 days in, with 15 days remaining.  Phil has $3,888 raised (39% of the $10,000 goal), and $6,112 needed to get to his goal. It’s been a journey to have a front row seat during this process.  As you may know I believe that crowd funding is a vital tool that artists will be using for the foreseeable future and I have been blogging a series here on MTT called in Defense of 1,000 True Fans, where I have been interviewing artists who are proving the model and creating sustainable livings from their music.  Phil points out that 200,000 people have been exposed in some way to his campaign and that 0.0003% people engaged.  I would like to point out a few other things.

First of all I want to commend Phil: To have 60 True Fans or “Super Fans” (the amount of people who have contributed to his campaign so far) is no mean feat.  Especially since Phil very rarely performs live and he has not had a mass exposure event (such as a placement on a major TV show).  These are two factors that seem to make major impact for artists, according to the interviews I have conducted so far.

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Friday
Jul022010

Interested In Crowdfunding? Watch and Learn! A Play By Play Series For You

I spend a lot of time thinking about how artists can make money and writing about how artosts can make money.  One of the newer topics I am covering in my talks at music conferences and on my vlog series Sound Advice is crowdfunding.

Many artists that I speak to seem interested in crowdfunding but many seem hesitant because they don’t think its OK to ask their fans for money or can’t figure out what exactly to offer them. 

This week artist Phil Putnam (who is also the sales director at Ariel Publicity and a Cyber PR artist) and Brian Meece the founder of Rockethub.com have started a new blog series called “The In-Crowd”  which is insiders look at crowdfunding, and will answer these questions and many more that you may have about this topic.

Each Monday, the boys are giving us an honest look at a crowdfunding project in action and dish on how things are going. Phil is not only talented and a fantastic sales director, he is also hilarious and this blog series promises to be informative and fun.

I will be cross posting here with my two cents and I would very much love to hear about your journeys with crowdfunding.  This first post will give you the 411 on crowdfunding a well as some solid advice from Phil on what you need to have in place before you attempt to launch your own project.

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