Sites like Kickstarter and Indiegogo have changed the way some projects get funding by using contributions from individuals on a large scale. There have been many art projects and products that have come into existence thanks to this new trend in crowdfunding.
Todd Aalgaard has wondered if crowdfunding can be used to encourage progressive politics. His insights into what crowdfunding can mean to political movements is a good read.
Expanding on the social remedy to this crisis that crowdfunding provides, the white paper goes on. “Besides the obvious benefit of increased fundraising potential,” it reads, “crowdfunding also offers a creative and engaging approach to raising awareness of your mission and, ultimately, growing your brand.”
“Think about it like this. It’s what we like to call the Rule of 10,” it reads. “First, imagine your organization has a donor list of 100 people. Now imagine your organization builds a crowdfunding campaign, and 10 of your supporters participate. Those 10 people create personal fundraising pages and then broadcast these pages to their social networks on a site like Facebook.”
The knock-on result, it suggests, is that the ripple-effect outreach brings a message, political, humanitarian, or otherwise, to roughly 10 times your initial donor base. In an emerging reality where democracy is influenced by a select and very powerful few, fundraising working in tandem with outreach—a basic strategy in both of Barack Obama’s successful presidential campaigns—is a way to resist the forces working against the public at every turn.
Read more at the Bankless Times.