6 Top Crowdfunding Sites for Artists and Bands
This article was written by Salvador Briggman
1. PledgeMusic is London-based quasi all or nothing crowdfunding model in which the company “releases the funds in three payments (on funding, release, and fulfillment).” In order to receive all of the money, bands must meet their fundraising goal. This site also allows artists to create pre-order campaigns in which PledgeMusic disburses the money immediately when the campaign is released and fulfilled. This second type of campaign is designed for labels and artists who already have a recording and are looking for marketing help. There is a “15% commission for every successful pledge received, after the target is reached.”
2. Sell A Band is a European site that has had over $4 M pledged since 2006. Record labels, sponsors, artists, and more can use this site as a crowdfunding platform. The goal amount must be tween €3,000 and €250,000. Artists can also offer a revenue share as a reward so that their “believers” will benefit from the sale of the proposed album or song. Sell A Band takes 15% of the total money raised if the project is successfully funded.
3. TuneFund is a US crowdfunding site that lets artists raise money from their fan-base for career-related projects and expenses. Artists must be US citizens. The company takes 10% of funds raised and allows contributions to be refunded after the 10% fee. The sites only allows artists to upload 3 songs per campaign, but artists can still link to their Bandcamp page or other music sharing websites. (No longer active)
4. ArtistShare is an established platform that was started in 2003 and is powered by FanFunded. Their projects have received countless awards and accolades including 5 Grammy awards and 18 Grammy nominations.
5. Kickstarter is a well-known American crowdfunding site with a music category where artists and bands can post their music project and offer donation-based rewards. At the time of writing, 18,623 music projects have been launched and raised $61.43 M with a 54% success rate. This is one of the largest categories on Kickstarter.
6. Indiegogo is the largest international crowdfunding platform that also has a music category. For individuals without an American citizenship or residence, this is a good alternative to Kickstarter.
More Sites for Creative Projects
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