SellABand has made a name for themselves as crowdsourcing site that enables artists to raise funds to make a record that the fans would have a piece of. They originally operated on the idea that once you reached 50K of funding you would be promoted to the ranks of a funded band and get the royal treatment from the site. Now they have opened up their service to enable a few other options. You can now choose from two plans, Standard and Custom. With the ‘Standard’ program Artists have the freedom to choose:
- Target budget: Starting at $10,000 up to $100,000
- Incentives for the Believers: The minimum incentive is a download
- Percentage of revenues shared between the Artist and the Believers
If Artists go ‘Custom’, they can adapt it all: Budgets, part prices,
incentives, currencies, even use the funds for touring or promotion.
This is good news for artists looking into getting into crowdfunding. For more info go here.