Use Kickstarter to fund project idea

Published May 24, 2010 | By Phyllis Erck

: Kickstarter Project – Edgar, Emperor of Snow Hill Island” children’s book

Here’s an excerpt from the Kickstarter FAQs

What is Kickstarter?

Kickstarter is a new way to fund creative ideas and ambitious endeavors. We believe that… • A good idea, communicated well, can spread fast and wide.
• A large group of people can be a tremendous source of money and encouragement.Kickstarter is powered by a unique all-or-nothing funding method where projects must be fully-funded or no money changes hands.

All-or-nothing funding?

Every Kickstarter project must be fully funded before its time expires or no money changes hands.

Why?

It’s less risk for everyone. If you need $5,000, it’s tough having $2,000 and a bunch of people expecting you to complete a $5,000 project.
It allows people to test concepts (or conditionally sell stuff) without risk. If you don’t receive the support you want, you’re not compelled to follow through. This is huge!
It motivates. If people want to see a project come to life, they’re going to spread the word.

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