Summary
Crowdfunding, which uses the Internet to generate small contributions from a large number of people, has been getting a lot of attention lately among entrepreneurs. It has been primarily used to help raise money to support social causes and to help fund struggling artists.The money that comes in has to be considered a contribution or a donation. In most cases, something nominal is usually offered in return for financial support, such as a free download from a musician.
Description
One instantly legendary crowdfunding campaign was implemented by Eric Migicovsky. He was raising money for his new wrist watch, called Pebble, which pairs with smartphones via Blue - tooth. Contributors were promised they’d get preference to buy a Pebble when the watches were introduced to the market. Although his initial goal was to raise $100,000, Migicovsky was able to raise more than $10 million to help launch Pebble.
I am a singer-songwriter who has been struggling these past 3 years to get my music business off the ground.
I didn't actually have a goal to enter into the (Christian) music industry, but since my new found gift of songwriting isn't going away....I figure I should capitalize on it before I get too old!
I'm 59 years old, with 2 adult children and 3 grandchildren. I raised my children, as a single parent after my husband passed away in 1997. It was difficult most of the time, making ends meet; but through it all I was able to open my home to foster-children for 5 years, visit and encourage troubled youths in group homes and juvenile detention centers, volunteer throughout the community at food pantries, nursing homes and ex-offender prison aftercare ministry, because I have a deep desire to help others... in need....despite my own needs.
If I could develop my songwriting skills and open a music publishing company I could create a revenue stream to support me in my retirement years.
I've tried to raise money through Indiegogo, but that didn't work ($5). I'm currently semi-retired and working part-time to keep myself afloat for the next 7 years and my credit is not good.
I start college in Fall 2012 and will be taking piano & guitar lessons to help me with my music. I've already begun to set up my music publishing company (GMJ Music Publishing Co.) using whatever I can eke out of my small income to finance it. I would be humbled and forever grateful if I could raise at least $25,000 to get my music recorded to build my music catalog; purchase a keyboard and computer and softwarefor school, build a website to showcase and begin selling my music from and finally, help with my school expenses and purchase a used vehicle to get around in.
I hope that Phil Shmerling and others like him will be successful in building their crowdfunding businesses and I pray that one of these can be a source of funding for someone like me.
Glenda Jackson
gmjmpc@yahoo.com
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Posted by Benjamin Fossel
I am a singer-songwriter who has been struggling these past 3 years to get my music business off the ground.
I didn't actually have a goal to enter into the (Christian) music industry, but since my new found gift of songwriting isn't going away....I figure I should capitalize on it before I get too old!
I'm 59 years old, with 2 adult children and 3 grandchildren. I raised my children, as a single parent after my husband passed away in 1997. It was difficult most of the time, making ends meet; but through it all I was able to open my home to foster-children for 5 years, visit and encourage troubled youths in group homes and juvenile detention centers, volunteer throughout the community at food pantries, nursing homes and ex-offender prison aftercare ministry, because I have a deep desire to help others... in need....despite my own needs.
If I could develop my songwriting skills and open a music publishing company I could create a revenue stream to support me in my retirement years.
I've tried to raise money through Indiegogo, but that didn't work ($5). I'm currently semi-retired and working part-time to keep myself afloat for the next 7 years and my credit is not good.
I start college in Fall 2012 and will be taking piano & guitar lessons to help me with my music. I've already begun to set up my music publishing company (GMJ Music Publishing Co.) using whatever I can eke out of my small income to finance it. I would be humbled and forever grateful if I could raise at least $25,000 to get my music recorded to build my music catalog; purchase a keyboard and computer and softwarefor school, build a website to showcase and begin selling my music from and finally, help with my school expenses and purchase a used vehicle to get around in.
I hope that Phil Shmerling and others like him will be successful in building their crowdfunding businesses and I pray that one of these can be a source of funding for someone like me.
Glenda Jackson
gmjmpc@yahoo.com