5 Ways to Fund an Art Project

Too often we put aside our greatest project ideas due to lack of funding. We shelve them “for another day.” However, one to many other days can become never days. Now is the time to act on your greatest creative passions; you only have one wondrous life, it’s time to start living it.Raising money for your artistic

Raising money for your artistic endeavours takes a lot of time and devotion. It’s not something you can start and just expect results without constant effort. Therefore, start your search for funding by picking from one, or several, of these platforms.

Your Wallet

Before asking others for money, see if you can earn all or some of it on your own. Find a second source of income. Combine this source with your usual full-time work; try to find as many ways (complex and simple) to generate revenue. Along with making money, work on cutting back on some of your monthly expenses.Use discount codes and coupons whenever you go shopping. Grab some Groupon codes before

Use discount codes and coupons whenever you go shopping. Grab some Groupon codes before heading out to Old Navy, or when ordering a new camera for work. Unsubscribe to streaming services, drop your gym membership, and cut out weekly massages to save more money to fund your project.

Grants

Art grants are very competitive, but it never hurts to try. Research the grant as much as possible (learn about past winners, requirements, fees, and application tips). Pay close attention to patterns and themes with past winners. Next, work on making yourself stand out in your application. Think of uniquely you ways to express why you need this grant, and how your art will further the world of creativity.

Apply to all the grants that meet your criteria. Read every rejection letter to see if it gives any suggestions on how to improve your application. These suggestions will help you get better at writing grant proposals.

Crowdsourcing

New crowdsourcing platforms emerge every couple of years. Therefore, it isn’t hard to find one that works with your project. Also know the different policies which each company. For example, Go Fund Me allows individuals to keep any money they make from their campaign- even if they don’t reach their goals. Kickstarter, on the other hand, only let’s campaign organizers receive money if they meet their goal.

Each platform also has a different incentive system. Make sure you prepare and research the dos and don’t of crowdsourcing before launching a campaign. These crowdsourcing sites are also a good way to start developing a following for your product.

Contests

Find contests that offer project funding or a cash prize. Follow the same guidelines as applying for a grant: research past winners, follow required procedures, and make your entry stand out. Enter as many contests as possible. Even winning one or two prizes could make a huge impact on helping you reach your monetary goals.

Private Investors

Search for millionaires and billionaires who donate a lot of money to funding the arts. Also look for companies that fund individual projects. Compose a long list, and then begin making cold calls, sending letters and emails to potential investors. Develop an entire pitch for your calls, and a separate one for your letters and emails. Make sure to include past work, a listing of past awards, a business card, and an explanation of your project and why you want to work with them.

Aim to find out at least one or two major factors about each private investor so you can cater your pitch to them. Be proactive, don’t get discourage, and continue to contact potential private investors until one of them agrees to help.

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