The Pros and Cons of Crowdfunding Your Book

Kickstarter and other crowdfunding services have started to gain in popularity in the last few years. As authors the question you are faced with is should you crowdfund your project? If the answer is yes, then that brings with it even more questions.

There are many pros to using crowd funding to help make a writing dream a reality, but there are also some con to consider as well. Listed here are just a few things to get you thinking about crowd funding and if it is the right thing for you and your project.

PROS

* Can help you gain a wider audience than you might reach otherwise.

* Gives you a financial boost so the project doesn’t take as much out of your own pocket

* You can add “extras” to your marketing campaign for people who donate

* You are able to sell directly to those that donate so more profit for you with book sales

CONS

* It is hard to stay relevant on sites where hundreds of projects get posted everyday

* Each platform will take a percentage of what you make as a fee

* The extras you might make to give to donors cost money and cut into our budget

* It is a serious time commitment to promote the project and maintain people’s attention

Each platform is a little different just like each author, so finding the right one can make all the difference in your success if using a crowdfunding service. We hope that this advice is helpful and gives you a place to start when thinking about the different funding options for your project.