Have you ever utilized a fundraising site to raise money for a project (e.g. sel

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  1. UMHiram profile image74
    UMHiramposted 5 years ago

    Have you ever utilized a fundraising site to raise money for a project (e.g. self-published book)?

    If so, did you use Go Fund Me or Kickstarter? Where they effective in reaching your goal(s)?

    https://usercontent1.hubstatic.com/7457446_f260.jpg

  2. Wesley Meacham profile image90
    Wesley Meachamposted 5 years ago

    Before reading your question I'd never heard of these sites so in answer to your original question, no.... however some thoughts. These may seem contridictory but they're just my initial thoughts.

    First, this reminds me of the Help Karen site back in the early 90s where this woman set up a website asking for donations to help her pay her credit card debt. If memory serves I believe that she helped a few other people in the same way after paying off her own debt.

    Second... You give the example of a self-published book. I have to ask the question, why raise money for this project? Why not just write the book and publish it? If you publish your book as an ebook through a company like Smashwords, Amazon, or Scribed then it wont cost you anything to publish it. I plan to have my first novel published by the end of March, most likely through Smashwords. The only thing that it has cost me up to this point is time in writing the damned thing which I enjoyed anyway. The only other reason that I would feel a NEED to raise money first is if you needed cash for research purposes or for paying a professional editor. My book is a novel so there has been no expenses. If yours is non-fiction or if your looking for money to use to promote the book I can kind of understand. Or if it absolutely needs to be a physical book...

    Third... having said that... Both of these sites look cool and I can see how they would be helpful in many different endebors. If it doesn't cost anything to set up the accounts then I feel that you SHOULD do it. There is no sense in turning down free money. If it doesn't work, you've lost nothing. If it does, awesome. I have about 30k in student loans... I may do this myself.

    1. UMHiram profile image74
      UMHiramposted 5 years agoin reply to this

      Hi Wesley, I appreciate your response & have felt a little leary about these sites until I started doing a little research. I already have a published poetry book through a company; however, I want my next books to be pubbed under my own entity.

  3. Richi8 profile image60
    Richi8posted 5 years ago

    I believed you are referring to the crowdfunding platform like Kickstarter? I never been involved in any of such but it seems to be gaining huge attention recently...

    All the best in your venture (project).

    Cheers!

    1. UMHiram profile image74
      UMHiramposted 5 years agoin reply to this

      Thanks Richi8 and I was referred to Kickstarter by a FB friend of mine as well. Just trying to decide which road to take especially with my next two projects. Have a great one!

  4. profile image0
    Larry Wallposted 5 years ago

    If you want to write a book--write the book. If you want to find someone to sponsor your efforts so you can take time off from work, with the understanding that he will be paid back if you book is a success, then go ahead. Just asking the general public through a fundraising site to give you money to write a book, just does not sound right to me. If people have money to give, there are many worthwhile causes they can give too.

    I want to write a book, but have not done so yet. When I do, I will write it. If I chose traditional publishing that will be great. If I am unsuccessful at that I will try self-publishing or e-book. However, I will not ask for donations and no I am not rich. Not poor, but certainly not rich.

    1. UMHiram profile image74
      UMHiramposted 5 years agoin reply to this

      Larry, I have written a poetry book and it has been published. I am trying to find out info about fundraising to possibly create a publishing company not just writing a book which is a big difference. Appreciate your response, have a great one!

    2. profile image0
      Larry Wallposted 5 years agoin reply to this

      If you are seeking investors, that is a very different venture.  If you are going to try to establish a profitable business, then the investors are entitled to a return on their investment. I wish you well

  5. ThePrincessMC profile image58
    ThePrincessMCposted 5 years ago

    Actually, I have used GoFundMe and I would say it was fairly effective. It started out really great, I was amazed at the initial response. I didn't reach the goal, but the funds I raised were very helpful in getting started.

    1. UMHiram profile image74
      UMHiramposted 5 years agoin reply to this

      Good to know, thanks for sharing ThePrincessMC

    2. ThePrincessMC profile image58
      ThePrincessMCposted 5 years agoin reply to this

      Try createspace.com

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