cinephile GS-Yarn
As a filmmaker, you must be aware of the fact that filmmaking requires a lot of funds. Especially if you don’t have money flooding from your own pockets, raising funds from other sources is an arduous task. However, asking for money from others is something which nobody likes to do!
That’s why film crowdfunding has emerged as a new way of collecting funds. However, it requires a well-planned approach. Here is a quick step-by-step guide on how to boost your film crowdfunding success.
- Get a team onboard
Just like film production, successful film crowdfunding needs teamwork. So, get a team of creative and talented professionals on board to proceed with the project.
2. Create a small preview
People pay for quality. Yes, it’s time to portray the quality of your work by releasing a teaser to give people an idea about what they are funding for. If the final movie does not live up to expectations, people are less likely to invest in your future products.
3. The right reward
Everyone loves to get rewarded, but you need to act wisely. For example- promising a photo book for everyone contributing merely $10 each is quite lame because a single photo book can cost triple the amount being funded.
4. Choose an appropriate target
Aim bigger when you have a bigger base. For example- if you are two people aiming for $100,000 but you’ve got a limited fan base, then it’s nearly impossible.
5. Choose a suitable window
Keep your campaign from anywhere between 1-60 days. Anything longer than that can result in a loss of momentum.
6. Don’t spam!
Constantly update your content as people might want to see how the current funds are being utilised. Gain trust by showing how credible you are.
At last, be grateful to fund donors, communicate with them and come up with a great film.
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