Non-traditional financing options?
May 2, 2012 12:57 PM Subscribe
Looking for creative ways to finance a project/hobby when funds are low.
Among other expenses, my project requires the purchase and maintenance of working vintage equipment (I already have some, need to buy some more). The gear, and replacement parts when needed, are available - but a bit beyond my budget, and necessary outlay of cash is likely to be somewhat continuous. The project is gaining fans and has the potential to become a business one day...
I don't want to get into debt for this, or be constantly working overtime or not making ends meet in order to fund this project. I plan to look at things like Kickstarter, sponsorship, and networking with local enthusiast groups that might have connections... what other suggestions do you have?
Among other expenses, my project requires the purchase and maintenance of working vintage equipment (I already have some, need to buy some more). The gear, and replacement parts when needed, are available - but a bit beyond my budget, and necessary outlay of cash is likely to be somewhat continuous. The project is gaining fans and has the potential to become a business one day...
I don't want to get into debt for this, or be constantly working overtime or not making ends meet in order to fund this project. I plan to look at things like Kickstarter, sponsorship, and networking with local enthusiast groups that might have connections... what other suggestions do you have?
Response by poster: Sorry, it's a music project, kind of a hybrid performance/recording studio set up.
posted by thrasher at 1:34 PM on May 2, 2012
posted by thrasher at 1:34 PM on May 2, 2012
My husband funds his women's basketball habit by blogging/reporting. He started off with a blog devoted to the local WNBA team (Go Atlanta DREAM!) Then he got invited to cover local WNBA games for a national blog. He parlayed that into a press pass for Georgia Tech basketball. Now he gets free parking, a food voucher and admission to all the home games. He also interviews the coach and players, so he gets access on top of it.
Start with a blog, maybe you'll get sponsors.
posted by Ruthless Bunny at 1:51 PM on May 2, 2012
Start with a blog, maybe you'll get sponsors.
posted by Ruthless Bunny at 1:51 PM on May 2, 2012
Kickstarter?
posted by Soliloquy at 2:51 PM on May 2, 2012 [1 favorite]
posted by Soliloquy at 2:51 PM on May 2, 2012 [1 favorite]
Find a group of people who would also use this equipment, and each pay a share in it, plus share the maintenance costs. Better would be a group of people who already OWN this equipment and are happy to let you use it if you chip in regular contributions to the maintenance. If it's vintage, though, that might be harder to find.
posted by lollusc at 5:33 PM on May 2, 2012
posted by lollusc at 5:33 PM on May 2, 2012
www.PledgeMusic.com are probably a good start. Think of it kinda like kickstarter ... but only for music projects.
Ob. Disclosure ... I work with them.
posted by jannw at 5:15 AM on May 3, 2012
Ob. Disclosure ... I work with them.
posted by jannw at 5:15 AM on May 3, 2012
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posted by EmpressCallipygos at 12:59 PM on May 2, 2012