Several years ago, the idea of “crowdfunding”—creating a project on an online platform and requesting financial support from virtual strangers—was utterly foreign. It’s now a five billion dollar industry. Many authors, self-published or otherwise, have taken to several crowdfunding sites and raised money for their books, from editing to cover design to producing fully colored picture books.
Crowdfunding seems like an accessible goldmine, but is it too good to be true?
Some of the most successful individuals with projects held through crowdfunding sites like Kickstarter and GoFundMe were already well-known, or nearly so—people like Amanda Palmer, frontwoman for the band the Dresden Dolls, who reportedly received $1.2 million on Kickstarter to fund the creation of a new album and book, and comic writer/self-published author Ryan North, whose book “To Be or Not To Be” is still reportedly the highest publishing Kickstarter project ever.
But what about you? Can you also lead a successful crowdfunding campaign to get your book published to the highest-quality imagined?