Music Crowdfunding Without A Fanbase
There are thousands of ways you can invest your time and money these days; all of them could fail and lead you to be broke in the process. The safe way of investing almost always begins with a large chunk of money that is just sitting in a bank account waiting to be invested. One can choose to invest these in mutual funds and securities – but they could also take a much bigger risk investing in dot com startups hoping to make huge profits on an idea that is not yet popular. From an investors’ point of view, would you be willing to invest in a band? It hardly seems like a profitable route, considering just how many of these bands tend to fail at what they do.
When a band asks for thousands if not tens of thousands of dollars in order to start their new album or campaign, what is the payback for the investors that put in their money? Do they get to make profit off of them later? Do they get their name on the CD as an executive producer of the music? It is very troubling when you find that bands have single investors that seem to donate their entire paycheck to make their dreams a possibility.