Notes from An Alien

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Tag Archives: Crowdsource

#Crowdfunding for #Writers

I have two sources for my report today—I could call this a post or an article; but, because of the way I work here, I can’t help but feel like a reporter, out on my Beat, hunting down stories… 

Crowdfunding for Writers

Image Courtesy of Dominic Morel ~

First, a definition:Crowdfunding (a form of crowdsourcing) is the practice of funding a project or venture by raising monetary contributions from a large number of people, today often performed via Internet-mediated registries, but the concept can also be executed through mail-order subscriptions, benefit events, and other methods.”

For writers, crowdfunding can also be one of the first methods they use to establish a core group of supporters for their books

The first source for this Report is Crowdfund Insider and their article, Kickstarter Reports: $100M Has Been Pledged to Publishing Projects.

Kickstarter is a well-known facilitator of crowdfunding but there are others (as a link in a post I did in May reveals)

I think the information on Crowdfund Insider about Kickstarter is a great source of encouragement for writers who just can’t find any other way to fund the things they need to do—pay editors; cover designers; possibly, book designers; purchase copies of a book for personal distribution

Of course, the numbers for Kickstarter could be seen as somewhat “representative” of other crowdfunding services

Here are Kickstarter’s Stats for Publishing Projects from April 28, 2009, to August 10, 2016:

* Amount pledged: $100,000,000 
* Projects launched: 33,009 
* Projects successfully funded: 9,660 
* Creators who have launched more than one successfully funded Publishing project: 608 
* Successfully funded creators who have backed at least one other project: 6,414 
* Number of backers: 1,226,438 
* Number of countries those backers have come from: 211 
* Number of times they have pledged to a project: 1,673,631 
* Number of publishing projects supported by the backer who has pledged to more publishing projects than anyone else: 364

Here are the various categories of publishing represented in those numbers:

* Academic: 660 projects launched 
* Anthologies: 231 projects launched 
* Art Books: 2,103 projects launched 
* Calendars: 198 projects launched 
* Children’s Books: 5,349 projects launched 
* Fiction: 8,009 projects launched 
* Literary Journals: 195 projects launched 
* Nonfiction: 7,170 projects launched 
* Periodicals: 1,129 projects launched 
* Poetry: 1,189 projects launched 
* Publishing: 5,020 projects launched 
* Radio & Podcasts: 778 projects launched 
* Translations: 116 projects launched 
* Young Adult: 607 projects launched 
* Zines: 255 projects launched

O.K., now that you have some idea of the breadth and depth of crowdfunding for writers, let’s look at the perspectives in source two—author Ben Galley in his article, Top Tips on Crowdfunding for Authors.

And, as I usually do in my reportorial blogging, I encourage you (since you’ve actually read this far...) to go read Ben’s full article

Here are the bullet points for his top four tips:

Confirm: Is your project worth it?

Compel: Make it irresistible

Prepare: Don’t assume your project will fund itself

Reward: Make it worthwhile for your backers 

And, I must finish this post with a fascinating quote from Ben:

“Using the crowd isn’t a new concept – the first edition of the Oxford English Dictionary was heavily ‘crowdsourced’…”

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How To Get The Slush Out of Self-publishing?

I used to call myself a self-published author, primarily since I haven’t tried to use the traditional venue.

Actually I have a “publisher” but are they really a Publisher?

FastPencil doesn’t edit my work, they don’t pay me an advance, they don’t acquire shelf-space in bookstores.

Perhaps they are a Publishing-Aid Company even though they are clearly listed as publisher

So many things in the publishing realm are in flux and the best name for a given activity may take years to resolve itself.

Now Crowdsourcing is being proposed for “self-publishers”.

Jane Friedman recently invited Scott VanKirk to guest post and, A Model for Crowdsourced Publishing, is, along with the fascinating comments, worth a read.

The basic idea for a crowdsourcing publishing site is best explained by my including an excerpt from the post:

“This site would offer membership to anyone who wants one. Any member of this site would have an opportunity to participate in the publishing pipeline in one or more roles. The goal of all these roles is to get a story published. Each person that is involved with a book project will receive some of the revenues from the sale of these books. The roles and their percentage of the revenues from a sale might look something like this:

  • Writer: 65%
  • Website: 15% (to run site, promote books, print books)
  • Critiquer/Collaborator: up to 20% (agreed beforehand, and writer can also grant from their own percentage)
  • Editor: up to 20% (agreed beforehand, and writer can also grant from their own percentage)”

There’s more to the idea and Scott gets a lot of comments that play further with the concepts, but

One of the most important components to Scott’s idea is that the reader is deeply integrated in the site functions, the reader has their say in who is doing their job well, the reader is enabled to find what they want, easily, and benefit from a collective publishing endeavor.

Go check out the full post and don’t forget to read the comments.

If you return here and express your thoughts and feelings about crowdsourced publishing, I’ll have a happier day :-)
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