Through all the benefits of self-publishing, working to publish on your own can not only be a difficult, but also an expensive task. Here’s two great new platforms for self-publishing authors can check out for a little crowdfunding help:
Kickstarter is the most popular crowdfunding platform. Via Kickstarter’s user-friendly interface, an author creates a profile for her proposed book that includes a short description, how much she wants to raise, and what exactly she plans to do with the funds. This can cover everything from printing and shipping costs, layout and design fees, ISBN registration, photography expenses, the hiring of an illustrator, or editing and proofreading expenditures. Authors can upload images and post a personal video to add interest to their listing. The site offers helpful tips for creating the best page possible to showcase your idea. Authors should follows these guidelines to ensure that their pages are as engaging as possible.
If the project is fully funded by Kickstarter’s deadline (30 days is the recommended length of time for a project) the author receives the money minus the company’s 5% fee, as well as a 3 to 5% processing fee that goes to Amazon Payments. Contributors can receive rewards from the author based on their level of funding. Authors should think of creative rewards to offer potential funders — such as a Skype chat for a book club, a bookmark, or signed copies of the finished book.
Check out the guidelines on https://www.kickstarter.com/ for further info!
Indiegogo is a popular crowdfunding site that’s available to anyone in the world with a bank account, making it an option for authors based outside the U.S. Unlike Kickstarter, Indiegogo allows users to keep the funds they raise even if they don’t make their funding goal with a program called Flexible Funding. The site takes a fee which is 4% of the money raised if an author’s funding goal is met or 9% if it’s not met. Authors are also charged 3% for credit card processing, plus a $25 wire fee for campaigns outside the U.S.
Indiegogo also offers something called the Gogofactor, which measures the activity of an author’s campaign with an algorithm, rewarding active authors with newsletter or blog mentions and better search rankings.
Kickstarter and Indiegogo descriptions taken from www.PublishersWeekly.com.