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5 best crowdfunding platforms for writers

If you dream of publishing a book of your own, but you don’t have enough money for executing the project, you can take advantage of crowdfunding or “help of the crowd”.

Nowadays Internet is full of useful platforms for different categories of users for those people who search for the best online courses or lanl.arXiv.org providing users with the access to articles on physics, mathematics, computer science, etc. And young writers can find support on WWW provided they’ll know where to look for it.

Crowdfunding is considered to become the main method of financing book publishing in the future, enabling authors to feel independent of publishers. It works quite simply: you create a project on a crowdfunding platform, tell other users about what you are going to do, offer your donors a reward (for example, an autograph copy of your book) and get money for publishing the book.

The most important point is that you need to decide on the amount of money which will be sufficient to cover all costs while avoiding asking too much (in this case, you may not collect the required amount).

There are the most popular and useful crowdfunding platforms that will help you to raise money.

1) Kickstarter is the father of all crowdfunding platforms. It was the first and it has remained the most famous and popular among such resources up to the present day. But there is one problem with Kickstarter - if you don’t raise the complete amount of money you requested, then you’ll get nothing. For example, if you raised $ 3,500 (which is good), but $ 4000 was requested, then the project would be considered a failure and you wouldn’t get any money at all. Therefore, for beginners who haven’t become known yet and can’t boast a lot of fans who are ready to support them, this platform can’t be considered the best option.

2) IndieGogo is rather similar to Kickstarter, but differs in the fact that on this platform you get all the raised money regardless of whether you reached the intended amount. But note that if you don’t reach the goal, you’ll pay IndieGogo a higher percentage of the collected funds (9%). Still, it’s better than nothing. 3) Pubslush is a crowdfunding platform specializing in literature. In addition, it has a peculiar feature: each user, who created a project here, can donate a percentage of the raised funds to The Cause as a way of eradication of illiteracy.

4) A distinctive feature of Authr is that authors can arrange pre-sale of their books in order to fund the publishing. Also, when the required amount of money is raised, the project page becomes a link to the online stores where readers can buy this book.

5) Unglue it is a platform with an unusual approach. The project aims to make books free of charge. There are three ways offered for you:

- you can write a book and make it free, then asking readers to thank you for it in cash;

- you can write a book, ask readers to buy it, and when a sufficient number of purchases is collected, the book will become free automatically;

- also, you can ask to finance your first book, then write it and make it free.

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This was posted in Bdaily's Members' News section by Annie Chest .