How to get funding for your book + The 6 best crowdfunding sites for writers

You’ve had another idea for putting pen to paper and a creative journey is beginning to crystallize. Whether you’re a first time author or a veteran writing machine (writer’s block aside!), ensuring that you have the resources and support for a new literary endeavor is vital. The team at PufferPrint is here to guide you on the way to funding your book, from self made pathways to crowdfunding initiatives. We believe in the creative value of each of our artists and writers, and want to make sure you succeed every step of the way. Without further ado, here is our expert advice for successfully funding your next book, and ensuring all that hard work pays off. 

Self Funding 

1.Invest in Yourself 

We all know that a little can go a long way, especially when it comes to pragmatically committing to a future dream and vision. Making the conscious decision to invest in yourself, your creativity, and your talent can be the first step to funding the process. Whether it’s from savings you set aside each month, rainy day money, or choosing to budget in order to free up time and energy to put toward your next masterpiece, self funding directly is a viable option. In fact, what better way to hold yourself accountable to deadlines and goals than to put your own skin in the game?! Start small with a small percentage of your current income put aside each month and see how it grows into a large sum. You can also consider cutting back on unnecessary expenses in order to free up funds for your book. Every little bit helps and shows your commitment to making your writing dreams a reality.

2.Business Loan 

Hello, entrepreneur! Many people look to take out business loans every day to fund their dreams, so why should you be any different? Many aspiring authors look to business loans to fund their first book or next project. By researching your personal finances, potential lenders, and interest rates, you can apply for a loan specifically for writing your book. Include a clear timeline and goals in your loan application to demonstrate how the funds will be used productively. While business loans come with repayment obligations, they can provide the capital needed to cover expenses like editing, cover design, and printing costs. Just be sure you have a solid plan for repaying the loan so you don’t end up in debt. Business loans are a viable option for authors who need a larger sum of money upfront.

3.Use Your Support System 

Those closest to you – friends, family, colleagues – can provide invaluable support beyond just words of encouragement. They may be willing to help fund your book in small or large ways. They may be willing to help fund your book in small or large ways. Ask if anyone would be willing to make a financial contribution, no matter how small. Even $20 or $50 from multiple people can add up. Your loved ones may also be willing to take on more responsibilities in your absence so you have more time and energy to write. Whether they are able to contribute by taking over more of your daily tasks or offering an extra shift with the kids, or financially by allowing you to cut back work hours, those we love most can also help us achieve our goals. Don’t be afraid to honestly share your needs and dreams – you may be surprised by how willing people are to help you achieve them. Tap into your existing support network – they are likely rooting for your success!

Crowdfunding

Resources and financial support aren’t always in easy reach for authors, especially those just starting off. By utilizing crowdfunding sites and sharing your story, you can inspire others to feel a part of the worlds you craft with direct contributions. People can be involved in the journey and see the incredible outcomes of supporting up and coming writers. When choosing to crowdfund, make sure to be specific about your goals, share your story and make it relatable and personal, and know the audience you are trying to communicate to. Below are the top author crowdfunding sites to take the necessary steps: 

1.Unbound 

Operating as the premiere crowdfunding platform for authors who aim to self publish, specializing in books of fiction and non-fiction. The gateway to a full plethora of book services, getting your pitch perfect is key to gaining entry. Their rigorous selection process means you’ll have to craft a compelling pitch that demonstrates your book’s uniqueness and market potential. After approval, Unbound can assist in everything from setting up your campaign to promoting it and helping to raise funds. An added bonus is editing services to polish up before publication, as well as high profile partners like Bloomsbury and Cambridge University Press for publicity. The hard work you put into Unbound will undoubtedly pay off. While selective, their high standards mean they are committed to helping the books they select succeed.

2. Indiegogo

Indiegogo offers various models of funding that suit different projects. By initiating a campaign for your book, you draw backers in to fund it. You can either go for a fixed goal amount, and must reach or exceed this threshold to keep the money. The other option is flexible funding which pays you even if you don’t reach your goal if you can still deliver promised perks. Whichever you choose, Indiegogo allows you to get creative with your campaign page design, videos, and rewards to attract backers. You can also relaunch campaigns that don’t reach their initial goals. Slightly more malleable, Indiegogo is great for having a wide selection and design for your specific campaign. Whether you decide to attempt a fixed goal or stay flexible, the possibilities are endless. 

3.Kickstarter

One of the frontrunners of crowdfunding, Kickstarter includes writers with a publishing section that makes room for all types of authors. It is up to creators to make a campaign and let the magic happen- the platform’s backers determine the value of each project, so the power of your story is the engine of your success. Authors must convince backers that their project is worthwhile and that they have what it takes to deliver on their promises. The community of backers on Kickstarter is passionate about the projects they support, so a successful campaign shows that authors have created something readers truly want. Make sure to also be as thoughtful as possible with description and rewards for your campaign to make objectives as clear as can be, as incentives tied to pledges can often make or break a Kickstarter project.

4.Patreon

The classic crowdfunding platform connecting creators to their audience, Patreon is a popular and widely regarded way to fund your passion project. Create a profile about what you do, and in this case divulge details about the book or story you are writing, and set a crowdfunding goal if needed. Patreon allows authors to build sustainable income streams by connecting them directly with monthly patrons. Attract fans to your Patreon page with teaser excerpts, videos, and tiered rewards that unlock more content. Over time, a loyal patron base that is invested in an author’s long-term success can be built. With the support of a community with you on your writing journey, and with stakes to match, you’ll be well on your way to successful publication.  

5.Publishizer

A new face to this industry, Publishizer has ample experience in the space and perks for authors, offering authors a hybrid model that combines crowdfunding with traditional publishing. Authors submit book proposals and launch crowdfunding campaigns to test audience interest and generate buzz. If campaigns are successful, Publishizer then helps secure traditional publishing deals by querying their network of agents and publishers on authors’ behalf. From gaining advice on next steps to potentially securing major publishing deals, Publishizer is an amazing tool to use! Remember that most of the planning and promotion for book submission is in your very capable hands- all you have to do is go for it. 

6.GoFundMe

GoFundMe, often used for charitable causes, can also be a great resource for personal projects, especially those that inspire and resonate with people. If you’re writing a memoir or a book that has a significant historical or social impact, GoFundMe could be the perfect platform for you. The user experience on GoFundMe is more about mutual support than transactional rewards, making it a pleasant and less complicated platform to use. However, it’s still crucial to set up a compelling campaign that clearly communicates what your project is about and why people should invest in it.

Authors who value a sense of community and write with a purpose may find that GoFundMe is the perfect way to gather resources and reach the right audiences.

7.Personal Website or Landing Page

Don’t underestimate the power of your own personal website or blog. If you have a strong online presence and a dedicated following, you can leverage this to fund your book. You can set up a donation page or a pre-order system for your upcoming book. This not only helps you raise funds but also builds anticipation and excitement among your readers.

8.Grants and Fellowships

There are numerous grants and fellowships available for writers. These are funds that are given to support a writer’s work, and they don’t need to be paid back. Research and apply for grants and fellowships that are relevant to your genre or topic. Highlight how your writing and book project fit the specific goals and criteria of the grant or fellowship, and explain how the funding will help advance your work. Showing qualifications the potential impact of your work can make all the difference. This can be an opportunity to learn more about grant and fellowship writing for the future, help you to discern your true project goals, and the payoff can be substantial.

9.Social Media Campaigns

Social media platforms like Facebook, Instagram, and Twitter can be powerful tools for raising funds for your book. You can create a campaign, share updates about your writing process, and engage with your followers. Even just posting 3-5 times a week can make a big difference and hone your writing and communication skills- treat it as a light warmup exercise! You can also use these platforms to direct your followers to your crowdfunding page (like one of the above!) or your personal website where they can make a donation or pre-order your book.

10.Writing Contests

Many writing contests offer cash prizes, which can be used to fund your book. Winning a writing contest can also boost your credibility as a writer and attract more readers to your work. From national contests to state level submissions, this can be a great way to get creative juices and ideas flowing in preparation of crafting the big story.  

Funding your book doesn’t have to be a daunting task. There are numerous avenues you can explore, from self-funding to crowdfunding, to grants and writing contests. The key is to be proactive, do your research, and choose the method that best suits your needs and circumstances. Remember, every successful book started as an idea in an author’s mind. With determination, creativity, and the right funding strategy, your book can become a reality. Whether you’re a first-time author or a seasoned writer, don’t let financial constraints hinder your creative journey. Use these funding strategies to turn your literary dreams into a published reality. At PufferPrint, we believe in the creative value of each of our artists and writers, and we’re here to support you every step of the way. So go ahead, start writing, start funding, and let the world discover your story.