Hi Mubi friends
I’m working on a script and I’m thinking about crowdfunding to help me budget my project.
Have you ever tried it? And what are your experiences with crowdfunding ?
Let me know,I am interested in your opinions and stories.
do a search, there are several discussions based on it.
No problem. polarisDib is the guy to look for on this
PolarisDib alright,then again thank you!
First thing’s first, finish your script. If you focus your attention on making a great script, you’ll have an easier time funding it later on. Don’t hold back on what you want to do and write it as if your budget was infinite.
Then, once it’s done, you need to break it down and determine its budget. As you are doing so, you can start asking yourself hard questions like, “Can I afford this and is it necessary to the plot?” “Can I achieve this same scene cheaper and simpler than I wrote it?” As you’re breaking it down you’re rewriting it.
What I’ve noticed most filmmakers doing lately, and I think this is a good idea, is creating three budgets for their script: ideal (expensive), reasonable (mid-priced), and do-it-or-die/no budget (minimum).
Quite frankly, and this is hardly ever discussed when ‘crowdfunding’ gets mentioned, but people who’ve been looking into this have discovered that crowdfunding still requires pretty much the same elements that successfully finding an independent investor does. In most cases, success is determined by:
1) A good script
2) A business plan — where is the movie going to be shown? What is it’s key demographic? How will it find it’s audience/be marketed? How much can it expect to make?
3) A ‘star name’ — an actor, usually for the lead character, that is recognizable to the audience and connected to the script, in other words has agreed to do it once it is funded.
4) A distribution deal — already have someone ready to buy the movie when it’s completed, which sounds paradoxical but nevertheless, there you are.
5) A reel/resume — In other words, you will be asked, “What have you done before, and how much money did it make?” In the non-commercial world it means what awards have you received.
All of those things are terrible, horrible, no good very stressful things for people who just want to make art and not be overly concerned with the business side of things, who genuinely have an intellectual and heartfelt connection to what they’re trying to do, but nevertheless those are elements that much closer determine success in matters such as finding investors or crowdfunding.
In crowdfunding specifically, at this point you’re de facto expected to have already shot a trailer for the movie. If the trailer itself is costly to make, then you have to pull together pre-production materials and creating good marketing materials to crowdfund the trailer.
Well a huge thank you to PolarisDiB !