There has been a new shift in the last year for amateur and professional artists. With the changes in the youtube marketplace, some artists have gone to crowdfunding platforms like Patreon for ongoing support. Not all artists have full time jobs, many look online to find their fans and followers that will support them financially. Patreon and similar services provide a platform for content creators to connect with fans and collect tips that have been pledged every month. There are other crowdfunding methods as well, on top of existing platforms you can also set something up directly off your existing website. Then you can collect tips directly from there. Or even a third party webpage setup for yourself can be used, if you do not have an existing website.
When we talk about artists and the people who will be the content creators. We’re talking about many different occupations for example, painters, musicians, actors, singers etc; All looking to earn an income through their fans online. Finding suitable platforms is critical to their success. A way to reach out to the fans and interact with them, manage the pledges. Fees are important as well, because you want to maximise the earnings and avoid high fees. Potentially you can save a lot more money over time. It is important to evaluate each platform out there and compare it with running a direct campaign. To see what would make sense in your case.
Keep in mind as well that crowdfunding is continuing to evolve as well over time. Now there are possibilities for fans to invest in their favourite artists as well, if that’s an option provided. There recently have been new platforms brought on, which for example, allow fans to invest money in their favourite singer. If the singer or group, end up doing well in the future, the fans will share in the profits. Depending of course on the amount of equity they bought.