What is it?
Crowdfunding is the process of getting a personal or group project (album) funded by a group of people. Anyone can be involved in funding your project. Incentives are usually offered for funders depending on how much they donate.What might musicians raise money for?
- Studio time
- Post Production on your album
- A New Music Video
- Touring Resources
- Anything related to your music that has an outcome!
What are the benefits?
- You get your music made
- You're building a fanbase
- Generating contacts as the crowdfunding site will usually provide you an email contact of a contributor.
The above is summarised from here https://www.musicindustryhowto.com/crowdfunding-for-musicians-the-ultimate-guide-part-1/
Another article on the benefit of crowdfunding for artists and audiences. http://www.hypebot.com/hypebot/2012/08/music-crowdfunding-benefits-go-beyond-show-me-the-money.html
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