[identity profile] ysabetwordsmith.livejournal.com posting in [community profile] crowdfunding
Here is a (rather vulgar, in places) discussion of the "1000 True Fans" model.

I don't think it's necessary to have that many fans contributing that that level to enjoy success. I could live quite comfortably on a quarter of that. Finding 1000 people to give me $25 per year? Maybe not impossible.

So forget the original numbers. To get some use out of this theory, ask yourself: how much would you need to live on comfortably? How much would 1000 people each have to donate to you in order to reach that? Conversely, how many people would each have to donate $100 per year? Do either of those options seem achievable?

Discuss.

(no subject)

Date: 2008-10-28 03:58 pm (UTC)
From: [identity profile] haikujaguar.livejournal.com
I detect a great deal of anger in that post that has little to do with the theory and a lot to do with "I am angry because I don't have money." (I will ignore for now the way it suggests that art is unnecessary and that makers-of-things should have to choose between doing something for adulation and doing it for mercenary cause, as if the two should never ever touch).

I do think there's something to the theory, in that (to be honest) this is how all artists have always made their living: collectors, patrons, and "true fans" who are willing to invest in their creative output over years. Just because the internet gives people a new way to find and maintain artists doesn't mean this is some revolutionary idea. Artists have always had to figure out how to attract and keep long-term collectors/fans if they want to remain viable financially.

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Crowdfunding: Connecting Creators and Patrons

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