Showing posts with label resources. Show all posts
Showing posts with label resources. Show all posts

7.15.2015

"Create Your Own Project" series - Make a Crowdfunding Campaign


I know that my readers have eagerly awaited the next post in my Create Your Own Project series. Well, you are in luck! Today, I am here to write about a very popular fundraising tool that can be both wildly successful and embarrassingly abused. If you look up the definition of crowdsourcing, you will find something along the lines of, "obtain by enlisting the services of a number of people, either paid or unpaid, typically via the Internet." This simple idea eventually grew into crowdfunding, a way to reach out to many people for financial support via service websites. If you haven't heard the term crowdsourcing or crowdfunding, I am sure that you have heard of Kickstarter, Indiegogo, GoFundMe, and RocketHub. These are four very popular sites that any accidental (or quite intentional) entrepreneur can use to raise funds for everything from products to projects or to pay substantial medical bills or salvage financial emergencies. How does one go about running an effective campaign to raise financial resources for a project?

(Please take a moment to look at my own example on RocketHub and consider donating to my global dance storytelling project, "Core-ography," by clicking here)

Should I go the crowdfunding route?
One of the biggest downfalls of crowdfunding is that it quickly became an exhaustively saturated platform to raise money. Thousands of people have innovative thoughts and concepts every single day. Some of these people dream of making these innovations a reality. When the urge to create strikes, one needs to be realistic with themselves. Is this passing inspiration or is it something which you are really prepared to fully commit your energy?

Too often I see people with great (or less than great) ideas who create a Kickstarter campaign on a whim. They've put some amount of thought into their wishes and dreams, but very little preparation or hard work into the process that is necessary to be successful (like a business plan, budget, mission, target market research, audience, donors, etc.). I've seen campaigns seeking complete and total funding to start one's own business from the ground up. I have seen campaigns asking in upwards of $70,000 to fully fund one's new startup. When I see people asking the public to hand them a no-interest, no-effort gift, I feel hints of embarrassment that they assume people like them so much or think their idea brilliant enough that people will just throw money at them. In these cases, I'd suggest going to a bank and asking for a loan.

My best suggestion here is to tell you to take a moment before you go the easy road to success and consider whether you are being rational in jumping into your campaign. Chances are that your integrity and intentions will be put on display in your first foray into crowdfunding. And if you look greedy and lazy in your first campaign, it will be difficult to regain public trust for any future campaigns. Take the time to do your research on your project/product. Are you truly being innovative? Are there better ways to secure financing? Are there multiple avenues to approach funding your project? Have you done any budget research to assure it is realistic? Check all of these items off your list and, only then, see where a crowdfunding site may fit. Perhaps, like me, crowdfunding isn't your initial destination to seek support.

To finish up this section, I feel it is really important to be acutely aware that most people can see right through a crowdfunding campaign. Whether one chooses to be transparent or not, most potential donors can easily determine whether your ask is a well-conceived idea or a lazy approach at getting free money from people. You need to show that you are willing to put out an effort equivalent or greater than the gracious donations of your supporters.

How do I choose which crowdfunding site to use?
So, you've put a lot of thought into whether crowdfunding is the appropriate route and you've decided that all systems are a go. There are a handful of different sites to choose from and, for the most part, there are only minor differences between each individual service.
My "making-a-decision" face?

The most popular site to raise crowd-sourced money is Kickstarter, likely because it was first to break into the mainstream. Here is a great article produced by the Foundation Center (the best place to search for grants of all kinds - thanks Chris Rudd) that shares different criteria to consider when considering the best platform for your project. Each of these sites has a different look and a unique format, so it really comes down to preference when looking at their templates.

What is most important when considering a crowdfunding platform is the fees. There are generally two fee scenarios for a majority of these sites. These companies are providing a service for any entrepreneurial soul to seek funding, so they deserve payment for providing their services and for funneling donations back to you. The two most common fee types that you will find are either an all-or-nothing approach or flexible-funding that allows more leeway if you don't meet your goal.

The all-or nothing setup means that you either reach your goal and receive funding for your ask or fall short and get nothing. Essentially, this system is put in place to encourage fund seekers to project realistic fundraising goals. As I stated earlier in this post, I've seen crowdfunding projects with unrealistic goals fail so badly that I actually felt a hint of embarrassment watching the entrepreneur reach 3%-10% of their goal in the entire month of their campaigns. They had asked for such an exorbitant amount of money that it was clear to everybody except themselves that they weren't being realistic. Beyond that, they had shown no effort on their side other than putting together a project page. The plus-side of using an all-or-nothing approach to your fundraising campaign is that, if you are successful, you get a smaller percentage taken out of the money you raised when it is funneled back to you. For these websites, I have seen fees charged in a general range of 4%-7%. In other words, if you raise $100, the service will take $4 to $7 of what you raised.

The second type of fee charged for these services is typically called flexible-funding. This works with two possible outcomes of your campaign. Either you reach your goal or you don't. If you reach your goal, then you are charged a lower percentage similar to the all-or-nothing approach. If you miss the mark, then a larger chunk of the pie is taken out of what you raised. I have seen these charges range anywhere from 8%-12%. These higher fees are used as a deterrent to those setting unrealistic goals. In this situation, you need to determine if it is more important that you receive a larger chunk of the money you raised (and you are absolutely confident you will reach your goal) or if you are comfortable taking the risk of not meeting your goal but still receiving a (smaller) portion of the monetary reward of your efforts. Some platforms force you to make this decision at the launch of your fundraising, while others will wait until the end of your campaign to see whether you met goal or not.

Another item that you must consider when determining your fundraising platform will be your time frame. Some sites only allow you to hold a campaign for one month, while others will allow you to fundraise for anywhere from 30-90 days. If you feel a longer campaign may benefit you, this may be a determining factor. But keep in mind that the longer your campaign runs and the more often you post about your fundraising, the more desensitized and annoyed your audience may be with your ongoing sales pitch.

Lastly, if you want to offer tax-deductible donations as a part of your crowdfunding campaign, you need to check in with your fiscal sponsor to see if they have a required platform, different fee schedule, or approval period. In preparing my fundraising campaign for my upcoming Core-ography project, I was required to use RocketHub's platform. I also had to seek approval from New York Live Arts before RocketHub would allow my project page to go live.

How should I go about creating my project page?

In developing my fundraising campaign, there were many things to consider. I really appreciated the template that RocketHub provided for me to set up the details of my project, my background information, rewards for donating, and further items.

I started putting my project page together by placing and editing the description of Core-ography I had already developed when applying for fiscal sponsorship, grants, and scholarships. From here, I wanted to create a few topics for the body of the project page that felt relevant to share with potential donors. This will be different for each and every person. One thing I have learned is that you need to provide enough details to give a clear picture of your end goal, but be brief enough that those potential donors with limited time don't give up on reading about your project. It's a finely tuned process.

The content that I included in the body of my project page includes a description of my project, a statement explaining "why you should donate to Core-ography," a list of items that donations will be used towards (budget), the Core-Artists who will take part, and my qualifications to make this project a reality. Each of these items offer something unique. Aside from the project description, I am hoping to build trust and purpose in order to build a bond with my audience and make my work relevant to them. Core-ography does matter to more than just me, but I need to cultivate interest and relevancy. I also included some details about my budget. This way donors know where their money is going and trust that I have already planned where funds will go? Lastly, I felt it was important for donors to know the artists that they will be supporting and their qualifications? All of these seemed like questions I would ask somebody before giving them some of my hard-earned money. So, I went ahead and answered these questions ahead of time.

Perhaps, the most taxing part of creating my page was determining the scaling of donation levels and the rewards that would be offered for giving to our campaign. The challenge was in finding perks that were realistic and affordable, yet meaningful and worth their value. I suggest opening options for people of all walks of life to donate. I find simple delineations at $10, $25, $50, $100, $250, $500, $1000, $2000, etc., are the best way to go. For my campaign, I decided to add one more category at $175 to allow a smoother jump from $100 to $250. Having this many options allows for those that want to give but have little expendable income, as well as those that are more secure in their finances. Unless you are capable of providing rewards where you can pay for shipping, travel, or products, it is best to keep your offerings reasonable. For instance, I am offering recognition in credits of our videos and a personalized thank-you for lower level contributions and Skype sessions or signed shoes from our Core-Artists for higher level giving, among many other options.

Now, if you have ever taken a look at any crowdfunding project, you know that the one necessity for any campaign is a quality video speaking about what you are creating and your intent for the funds you are seeking. It is important to put a face to your campaign. I found that putting together my ask video was the most fun, yet tedious aspect of producing the project page. If you don't have high-quality film equipment, do your best or ask a friend for help. I filmed my speech using Photobooth on my Macbook Pro and spoke right into my computer screen. I found that it was easier for me to speak each paragraph and then edit them together, instead of trying to nail the whole speech in one fell swoop. Plus, giving this speech in my city apartment presented many challenges with noise being recorded from the streets outside my window. Also, an audience doesn't want to stare at a talking head for a few minutes. So, be sure to add images and footage into your videos. This will also help with the edits you will need to make inbetween your transitions of your speech. If you do choose to go ahead and use some music in the background make sure it is either extremely relevant or quiet and lacking any acoustic distractions.



Who should I ask to donate to my campaign?
The best thing about crowdfunding campaigns is that you can ask anybody you know to donate, from personal contacts to acquaintances on your social networks. Previously, I mentioned a range of monetary amounts to ask for and the appeal to donors of all walks of life. So, at this point, you can send out your campaign to whomever you feel comfortable. Send out personalized emails to those that you think can make a larger donation. Post on your social media pages. Ask your friends and colleagues to share your campaign.

Do whatever you feel is necessary to meet your final fundraising goal. Don't be shy, but be conscious of your campaign. Keep in mind that there is a fine line between getting people's attention and reminding them versus trolling your contacts and ignoring any social protocol whatsoever. Scrutinize the response that you get to your campaign and fine-tune your approach on a daily basis (don't be afraid to lay off selling your campaign for a few days). Personally, if you ask me to donate to your crowdfunding campaign once, I will consider it. If you check in with me a week later, I may welcome the reminder. But if you check in with updates every other day, I will probably ask you to take me off your list. Be socially conscious in this greatly over-saturated market.



Jackie McConnel in "Basic Disaster" - National Choreographers Initiative 2014 (Photo: Dave Friedman)
Now that you have the tools to start your own crowdfunding campaign, go ahead and start building a foundation to produce something that you love. That is exactly what I am doing right now. I have never done this before, and I don't plan on doing it again at any point in the near future, but I am going to ask my audience at Life of a Freelance Dancer to consider making a donation to my Core-ography project. For the past three years, I have written over 130 posts and received nearly 100,000 views from over 50 countries across the globe. I love writing and am so happy to offer my insights and share my passion for dance, choreography, and writing with all of you on the regular. If you appreciate my writing and believe in my project, please take a moment to consider making a donation of any amount to my global dance storytelling project (or, if that isn't feasible, a share of my project page). You can view my RocketHub campaign by clicking here. Every little bit helps!

Thank you for reading and for the support I feel from you all with every post that I write and share! Cheers!

6.10.2013

Get in "Contact" with your community - 6/25/13

Co-host Bennyroyce Royon getting the crowds attention at our last Contact event
One of the hardest things that I have had to adjust to since beginning my career as a freelance dance artist has been the absence of a regular community in my every day work life. While dancing with Pacific Northwest Ballet, I was constantly surrounded by co-workers and friends. I woke up in the morning and took class, rehearsed, and, much of the time, relaxed outside of work with members of the company. It is not common for freelancers to have much regularity in communication within the vast network of dancers our community holds.

In response to the absence of support, Bennyroyce Royon and myself held our first event for freelance dance artists back in October. Not only was this event a great success in bringing our community together. In reaching out to plan the event, we came to realize that the greater dance community agrees that there is a lack of support network and resources for freelancers. We were overwhelmed by the strong support for this venture.

Christian Serrano & Jacline Henrichs at our last Contact event
With that said, we are very happy to announce that we will be holding our second edition of Contact: A Networking Event for Freelance Dance Artists on June 25th in New York City. We have already received support and donations from Dance Magazine, Sansha, Dance/USA, Lyquid Talent, and a variety of practitioners that specialize in physical and emotional maintenance of dancers' health. It is understood that freelance dancers often have limited means and have to forgo many important aspects of their health and enjoyment just to make ends meet. Beyond creating a platform for dancers to network, our goal is to offer resources to freelance dance artists at little to no cost. In the long-term, we hope to assist dancers in our community who may not otherwise have the financial ability to take care of their bodies, stay in top condition, and enjoy the finer things in life.

If you will be in the New York area on June 25 and are interested in attending, please contact me at contactfreelanceartists@gmail.com with your name and professional experience. We require at least 1 year of professional experience as a freelance dance artist to attend this event. Contact is being held at a lounge, therefore nobody under the age of 21 will be admitted. We hope that all professional freelance dancers will come out and connect with your community!

(Photo credit: Karsten Staiger)

4.24.2012

How do I get work?

One of the scariest things for me was learning how to find work on my own. Throughout a dancer's training, especially in the field of ballet, we are taught verbally and by example that one should never be outwardly expressive about their talents and successes. Perhaps, it goes back to the ideals of ballet being a generally silent art form. The culture of most companies impresses a sense of humility upon dancers. This can be a beautiful quality to have as a person, but this mentality can make it quite difficult to promote oneself to potential employers.

I myself struggled throughout my career within a major company with this mentality. I was "only" a corps members. Why would somebody want to hire me to perform leading roles, when my main job was to dance lesser roles. When I left that company to join a smaller company, I really had no choice but to look for freelance work since my contract was merely 22 weeks long. That is unless I wanted to get a side job that had nothing to do with ballet, which I didn't want to do. I wanted to create a plan, but how does one find out who to contact or how to get in contact with possible employers?

I lucked out since I was required to perform 3 work searches a week to maintain certain benefits when I left my previous company. Essentially, this broke the barrier of me being too "humble" to unabashedly email companies and schools to tell them how great I was. So, I first set forth with what I knew. What are the major companies in the country? ABT, NYCB, SFB, PNB, Houston, Boston. Sent. "Greetings. My name is Barry Kerollis. I am a freelance dancer based out of Philadelphia. I recently left 'insert company name' after 7 seasons with the company and have danced with numerous other companies on a freelance basis. I am sending you my information in the event that you need a dancer for any of your company's upcoming productions." That said, most of those companies didn't respond, or already knew me previously, or knew that I was just performing a work search. So, my next step was to email a handful of other companies that I had auditioned for in the past, heard of, knew friends that danced there, or had read about in a magazine. Some companies told me that they would keep my information on file, while others told me that they only hire dancers for a full season.

Once, I had exhausted the resources of my own knowledge, I started looking at materials that were readily available to me. Every month, I check Pointe, Dance Magazine, and Dance Spirit. I don't just look at the informative articles, but I also look at the ads. If a company sounds interesting to me, I find a way to email them. If their website doesn't offer a specific email to send information to for auditions or employment, I will send my information to their general email account and ask that my information be forwarded to the artistic director.

Another great resource is the world wide web. I have found numerous websites that either give audition information, allow dancers to list themselves in a database, or that offer information about companies that I had never thought of. Websites that post audition information include Pointe Magazine, Dance Magazine, Dance Plug, Network Dance, and Dance.net. Some of these websites are more reliable than others. At the same time, some offer varied work in different fields. For instance, Pointe magazine's audition section will be more valuable to a dancer who's focus is in ballet. While most of the auditions/jobs that are listed are for full-time contracts, it doesn't necessarily mean that the company wouldn't be interested in picking up a dancer for a program or need someone to replace an injured dancer for a period of time.

Other websites that can be useful allow you to list yourself in a database. You can do that on Network Dance and Dance Plug, but I haven't had the opportunity to test them out yet. The two websites that are strictly available to market yourself to employers are Need Dancers and Got Prince. On these websites, (sometimes dependent on whether you pay a fee or not), you can list anything from your basic information to a variety of things, including posting multiple photos and a dance reel.

A final internet option for me is a website that I check daily and for which I have been made fun of by my colleagues for years. This is because there tends to be a lot of gossip and it is a public message board where anybody can post. The name of this board is Ballet Talk. Information on this site ranges from personal reviews of performances and opinions on different aspects of ballet, all the way to gossip about dancers and angry interactions between crazed ballet fans. It can be quite amusing or quite mortifying (especially if you find yourself the target of somebody's rant). Every morning, I wake up and read through the links section like its the daily newspaper and drink my coffee. This part of the board has posts with links to newspaper articles and reviews about what is happening in ballet today. This is how I keep updated on the current state of the ballet world. And I have been known to see an article about a company and email them to see if they need a dancer for anything.

Another option for getting work would be to find an agent. I am not very well versed in the world of agencies, but I am currently listed with DManagement. In order to obtain an agent, a dancer either needs to audition for the agency or have some reference that knows the agent personally to vouch for them. The agent will then send out listings of work that they think may be right for a dancer. They will also take a cut of the deal when they get you work. You can read more about this here: http://pointemagazine.com/issues/aprilmay-2012/company-life-middleman.

Lastly and, in my opinion, most importantly, a freelance dancer can find work through networking and friends involved in the dance world. Honestly, I have gotten the largest percentage of my work through word of mouth from friends and colleagues. This approach, unfortunately, is one that comes with time and experience. But the networking can begin as early as your professional level training. In high level training programs, some of your peers will eventually become professionals. After school, your colleagues can be great advocates. For me, personally, other dancing friends have become lifelines. I have had friends that are unable to do a gig, and they called me up and offered me the opportunity to take that work. When this happens, I am likely to think of that person first when it comes to work that I can't do. It is a greatly reciprocal field. So, be sure to build great connections, maintain them, and help one another. Freelancers know how hard this career can be. There tends to be less competition amongst one another and better level of support amongst one another.

Once you get past the initial phase of developing a system to look for work, there are many other things that need to be taken into consideration. Like what information do you send, who do you market yourself to be, how to build your profile, and much more. Stay tuned for the answers to these question, as well as some personal accounts of my life as a freelance dancer.