Thursday, July 15, 2010

Crowdfunding app launches on iPhone

Ioumusic: New Artist Crowdfunding App Launches

How Does It Compare To Other Fan Funding Sites?

IOUmusic, in a similar vein as other grassroots, crowdfunding applications such as Kickstarter and RocketHub, is a new donation website that's focused on assisting musicians and providing them with alternative means to fund their creative projects.

As well, they are positioning themselves as a way for fans to pay artists for music that they have obtained for free. The founders of the company state that while this is their first incarnation, as a crowdfunding app, they are open to evolution of the site as the needs and wishes of artists change. From the payments to the artist, garnered from their fans, IOUmusic takes a 10% cut.

Two Alternatives

According to Maria Popova at Brain Pickings, “Kickstarter charges a flat fee of 5%, but also passes along the Amazon Payments transactional fees (3%-5%) to the artists who use the platform, for a total fee anywhere between 8% and 10%. RocketHub charges a flat total fee of 8%." Thus, depending on your goals, there are the fees to consider, but sometimes one site just feels better than the other.
To Learn More Click Here
ioumusic.com
Bookmark and Share


No comments:

Post a Comment