Explore Your Creative Side with Kickstarter.com

Posted by in Articles, personal finance | 23 comments

Kickstarter.com  - Get your creative juices flowing

Kickstarter.com - Get your creative juices flowing

Visiting family and friends I haven’t seen in a while always broadens my knowledge bank and gives me new ideas to write about, one such idea is Kickstarter.com. I had never heard of this site until my stepbrother casually mentioned that his wife used it to fund an album she wanted to produce. Of course the moment he mentioned this website, my curiosity was piqued; I probed for more information and looked up Kickstarter.com for myself. Here’s the skinny:

Kickstarter.com is a website where you post your creative projects and ask for donations to fund it. They accept projects that primarily focus on the arts, but also have a few other categories to choose from. Their categories include:

  • Art / Photography
  • Comics / Design
  • Fashion
  • Film & Video
  • Food
  • Games / Technology
  • Music
  • Theater / Dance
  • Writing & Publishing

The project creator determines a budget for their project and if they meet their monetary goal,Β  the donors credit cards are charged. However, if they do not meet their goal by their selected due date, the project is terminated. It’s an all or nothing scenario.

Browsing the up and coming projects a few of them caught my eye such as in the writing and publishing category, Cooking to Get Laid. The title obviously caught my attention! This book project is already 103% funded since there is no limit on the funding amount, just a minimum that must be met set by the project creator. Another project that looked interesting was listed in the food category, Bartertown Diner. An attempt at a vegetarian/vegan diner in Grand Rapids, MI; 91% funded. The snappy names of these projects seem to help draw more attention to them.

Pledge amounts and increments appear to be set by the project creator, but most projects ask for a minimum of $10 and increase by increments of $10, $20, $50 and $100.

Researching this site has inspired my own creativity and made me realize that maybe I want to tackle a few of my ongoing ideas. This could be a terrific platform that could inspire me to get them done!

Do you have projects that could be made possible by Kickstarter.com?

This week I’m part of The College Investor’s Carnival.


Join the conversation and post a comment.

  1. krantcents

    It sounds like venture capital on a grass roots level. It is also a way of forecasting success. If you cannot raise enough funds, you need to rethink your idea. It may be a good way to test ideas.

  2. retirebyforty

    This sounds like a great idea! Maybe I can put my Kung Fu restaurant idea on and see what kind of reception it gets. πŸ˜€ This site is great for young people with a lot of ideas, but little resources. love it!

  3. Jared

    What does the website charge? Is it free? I just heard about it from a friend as well and then saw your post. Sounds interesting. I’ll need to check this out.

  4. Miss T @ Prairie Eco-Thrifter

    This sounds really cool. I am seriously going to look into this. I have a few ideas in my head that I haven’t had a chance to explore yet.

  5. Sam

    Do you know what Kickstarter’s business model is? Ie how do they make money?

    Thx! It’s a good idea.

  6. Little House

    Your definition fits perfectly. And you’re right, if a project doesn’t meet their funding requirements, then the creator might need to go back to the drawing board. πŸ˜‰

  7. Little House

    I love the idea of a Kung Fu restaurant! I was really impressed with the variety of projects meeting their funding requirement. It’s a great platform to get started on a project you’ve been putting off.

  8. Little House

    It’s free to list your project. Kickstarter.com takes 5% of the total funding if the project meeting its funding goal. Amazon also charges 3-5% for each credit card processing fee. If the project doesn’t meet it’s funding goal, it’s terminated and it doesn’t cost anyone a penny.

  9. Little House

    Kickstarter.com takes 5% of the total funding a project collects (but only if the project meets its funding goal. If it doesn’t, the project is terminated and no one gets charged.) On top of that, Amazon charges 3-5% to process the credit card charges. But this isn’t part of the Kickstarter.com commission, it’s just a processing fee similar to PayPal. I’m not sure of the actual business model terminology, but based on this description I would guess it’s some kind of finder’s fee or commission based model. Too bad I didn’t think of this idea!

  10. Little House

    @Miss T @ Prairie Eco-Thrifter
    I love this idea myself. I have a few ideas I’ve been bouncing around and eventually want to try out. When I finish school in December, I might get serious about them using Kickstarter.com as my platform. πŸ˜‰

  11. The Saved Quarter

    What an interesting way to gain the capital to start a project! I’ve seen a similar site, The Point, but it’s more general and not as specific to the creative aspects. Love the creative names for projects!

  12. Moneycone

    Kickstarter was popularized by Diaspora – a safer alternative to Facebook. At least that’s how I heard about it!

    Great concept!

    • Little House

      @MoneyCone -That’s interesting. I realized that they must have been around for a while based on their Alexa ranking (under 3K) but didn’t know people had been promoting it on another social networking platform. Thanks for that info!

  13. Marie at familymoneyvalues

    I wonder if the donors get a tax break?

    • Little House

      @Marie- That’s a good question but I don’t think so. Unless the project creator completed a 501 c3 making the pledge tax-exempt, I don’t think it’s seen as a true donation.

  14. Money Reasons

    Okay, this sounds way to cool not to check out! Thanks for bringing it to our attention! Great find!

    • Little House

      @Money Reasons – I was so excited when I came across this site as well. I have some ideas I’d like to tackle at a later date and this would be a perfect platform for funding them!

  15. Jennifer Barry

    I think Kickstarter is a great way to market test your business idea without any pain. If not enough people fund it, your business would likely crash and burn in real life. I do have plans to use it, but it’s for my husband’s secret business, so I can’t say how. :)

    • Little House

      @Jennifer Barry -I think so too. At least the creator knows if it’s a project worth committing to or if they need to revise it to get people interested in it!

  16. 354riverlaw

    Thanks for the tip about Kickstart. I’ll post here, then check it.

    I have an ebook which shows people (who are already reasonable writers) how to become ghostwriters for people who are too busy/lazy/unable to write their own life story. Usally they are big ego people with bags of money. They just want to TALK and let someone else craft their spoken stories into a book. It’s easy work with a big payday.
    If you feel confident, or merely inquisitive, check my site ebookofKnowledge dot com Click on GHOSTWRITER

  17. Maggie@SquarePennies

    What a great idea! This could be just the motivation for some people to get their projects going! I’m passing this info on to some of the artists I know. Thanks so much!

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