The Latest in Fund Raising: IndieGoGo and Kickstarter
I recently attended Morrie Warshawski’s Shaking the Money Tree workshop hosted by IDA. It was a day long seminar filled with A LOT of information on distribution, grant monies and soliciting individual donors. Surely, I can’t pass on Morrie’s trade secrets. Read the book Shaking The Money Tree. I can tell you about two new online fund raising sites.
Kickstarter.com
Post your film’s trailer and set a goal of monies to raise and an end date. Your friends, family and hopefully their friends will sign on and pledge. If you don’t meet the goal by the due date, kickstarter keeps the funds. Consider it motivation.
IndieGoGo.com
“Let those who love your idea the most get behind you early.” Here you keep all the money you raise regardless of meeting the goal. Also, here you’re awarded a 5% bonus for every dollar you raise if you meet your goal.
It’s common for filmmakers to combine these online methods with traditional fund raising from investors and grant funding. Use everything in your arsenal!
I am an aspiring producer and writer who currently has gone back to school to sharpen my production and writing skills. Thanks for the tips and I look forward to attending some of the screenings being offered at this website.
JM
Perfect…especially for beginners. Now, I understand.
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