For any independent hip-hop artist, one of the most powerful tools you have at your disposal is the internet. In the past, artists had to rely on music sales, royalties, touring, merchandise and a bit of good luck to make a living.
Now, you can do it all passively with the power of the internet. With websites that allow for easy crowdfunding to take your recording career to the next level, opportunities exist today that simply would never have existed in the past.
For that reason, many people can find that turning to crowdfunding is the catalyst they needed to begin making a consistent living. One of the newer crowdfunding sites that has appeared, though, is called Patreon.
An exciting and easy to work with business proposition, the ability to handle crowdfunding with Patreon is pretty huge. When used accordingly, crowdfunding with Patreon can be an exceptional way to fund yourself. Already, more than $100m has been put into Patreon accounts just for musicians.
It allows for you to bring in a monthly wage from the site, essentially. By having a consistent income rather than a one-hit-wonder like most crowdfunding sites, you can make sure that every month is secure, not just one.
It also allows you to be a bit more diverse, as all Patreon accounts can have special gifts and exclusive features the higher up the pay ladder people go.
For this reason, Patreon crowdfunding is one of the smartest ad most innovative ways to look after and enhance your businesses credentials. It allows you to easily start to build up a nice little side income that you can then use monthly to:
- Handle the cost of living and put more time into your music. With living costs secured through your Patreon account, you make it so incredibly easy for your business to grow organically as you can sink more time into that rather than trying to earn enough to live on.
- Buy new equipment and slowly upgrade. Asking for a few hundred across lots of people per month is more realistic than looking to get four-five figures in a large crowdfunding venture. With this, you get to make sure you are gradually bringing in the money to upgrade your business.
It’s super simple to do, too. All you need to do is make an account and ensure that you list yourself as a musician. From the quick and simple posting to easy distribution of rewards by easily looking at all your contributors, you can make sure that you efficiently manage your Patreon account using the features they provide.
This can be so useful for making sure that your business is going to continue to grow and improve at the rate you would have expected.
Your music business needs to get some kind of financial life about it if you want to survive and succeed, so using Patreon can be a better alternative to make sure you cover yourself for the months to come, not just for one month.
In terms of crowdfunding, few options can be as useful to turn to when you want to use Patreon.
By empowering fans by giving them extras that they can show off to others, hopefully convincing them to sign up, you are creating a mini industry for yourself that is bound to bring you success and selection in the years to come.
Out of all the crowdfunding tools for independent artists, you might struggle to find one better aligned to your success than Patreon!