Concert crowdfunding: “If you come to town, I am in”

You may be wondering when your favorite band is coming to town. The wait could be over, and you may get lucky this time. Fans request their favorite artists to come to town by pledging tickets. If the fans’ request reaches the minimum for cost expenses (flights, venue rental, band fee, hotel, and production), the concert is on.

 Concert crowdfunding comes at the right moment because of the popularity of independent artists, and most importantly, it is cost effective. Independent artists are exposing their talent, and people are actually listening to their music. With all these technological resources and the social media boom, these artists are finally making their way to the music business.

However, when it comes to touring, things start to get difficult. Promoters don’t want to take the risk of putting an artist on stage without proven popularity. Concert crowdfunding mitigates this risk because it could become a presold show. A great explanation of how this method works is shown at Gigfunder.

On the other hand, artists can add more dates to their existing tour with this method. There are a few websites such as Bandastic, Queremos!, and PledgeMe that are offering this service to fans and artists. Sites like Detour by Songkick help artists, fans and promoters by expanding the tour range. Artists play concerts in cities where they have not played before, which translates to more money. For fans, the dream comes true; they can finally see their favorite band playing live in their city. For promoters, it is a safe deal with no risk. Most important of all, if crowdfunded concerts succeed, the new date and venue will be going to be added for the next tour.

Concert crowdfunding is going to keep growing. You can count on that. New artists will keep emerging every day with the hunger of playing gigs anywhere, and the fans will be in the front row waiting for them.