Be Well Prepared Before Crowdfunding
In our final guest post highlighting crowdfunding, Radio Free Albemuth producer Elizabeth Karr explains why success all comes down to preparation. We hope you have enjoyed our month devoted to crowdfunding advice and we plan to release a white paper roundup of the best crowdfunding tips in this series in a few weeks.
People donate to Crowdfunding campaigns for three reasons:
1. The People.
2. The Project.
3. The Premiums.
But maximizing your chance of success depends on the fourth P – Preparation. This is crucial and will be the focus of this article.
It’s incumbent on any of us doing a Crowdfunding campaign to make it an enticing, exciting, and well-thought out project that will attract backers. That’s a given. But having a terrific project isn’t a guarantee of success. You need to get the word out and get your campaign in front of as many eyeballs as possible. Particularly if you are trying to raise a substantial sum like writer/director/producer John Alan Simon and I did with Radio Free Albemuth Theatrical Release Kickstarter.
I’ve seen great projects fail because of a lack of organization and so-so projects succeed because there was a targeted effort to reach out beyond family and friends to people who have an interest in their subject matter. Like Blanche DuBois, crowd-funders depend on the kindness – and interest – of strangers.
So when do you start to prepare? Right now. If you are even thinking about crowdfunding in the future, take the time to do the following steps NOW. You’ll be too busy during your campaign to tackle these tasks. Get a jump on them with the added bonus that up-to-date contact lists put you in good standing for marketing and promoting, in general.
1. Clean up your personal email lists. Make sure contacts are up to date. Organize them by category: Family, Close Friend, Acquaintance, Business, Cast, Crew, Science Fiction, Philip K. Dick, etc. Choose categories that make sense to you and your project. During your campaign, this allows you to tailor pitch emails to the recipient.
2. Use Bulk Email Programs. Sign up for and/or build your subscription list on one of the many mass mail programs. We use Constant Contact. There are a lot of bells and whistles to this and other programs. Take the time to familiarize yourself with them now. Create templates for future use. Organize the contacts by category as above. Add a sign-up button to your website for new subscribers. These contacts are invaluable as they are people who have chosen to be kept abreast of what you are doing.
3. Research bloggers and news outlets that cover your subject. Create a contact list (Email, Twitter, Facebook, Tumblr, Google+, Pinterest) so you are ready to go pre-launch and on Day One when you announce your campaign. And don’t wait for the campaign to contact them. Engage with them now. Become part of their community by commenting and sharing information. Presumably, you are already interested in the topics they are writing about, so you’ll increase your knowledge. Plus you are expanding your circle of friends and acquaintances, and possible backers. Crowdfunding is all about community building.
4. Contribute to other’s campaigns. It’s good karma and you get to see how campaigns work from the donor’s side. It also gives you an idea of how much to charge for premiums and you can pick up tips watching others’ pitch videos. Before launching our Kickstarter for Radio Free Albemuth distribution, John Alan Simon and I contributed to over 100 campaigns. Maybe it’s just me, but I’m more likely to donate to a campaign when I see the person has backed others. What goes around comes around…
5. Write a press release. The old-fashioned 5 W’s – Who, What, Where, When, Why – that you will send out to bloggers and media outlets two weeks before launch, and again on Day One. Be sure the contact person (probably you) is someone who responds quickly to each and every request for photos, interviews, additional information, etc. News outlets move fast. You need to be ready when they are.
Phil (Shea Whigham) and Nick Brady (Jonathan Scarfe) interrogation at FAP Headquarters. Radio Free Albemuth
6. Build your team and designate ambassadors. Crowd-funding is a full-time job and you will need help. Enlist members of your outreach effort now. Make it easy for them to help you by giving them clear assignments. For example, we engaged the Philip K. Dick community to share with their friends and followers. Our friend Franceska Lynne, researched sites that were interested in Alanis Morissette, Shea Whigham, Kathryn Winnick and Ashley Greene, who are actors in Radio Free Albemuth. Create a list of tasks to do during the campaign that you can delegate amongst your team and ambassadors. Your cast and crew are likely candidates to help you. Don’t assume they will be there. Chat them up. Get them involved.
7. Create email templates that friends, and family, – and people you meet through social media – will send out to their contacts about your project. Again, make it easy for people to help you. Give them the template and they can tailor it/personalize it.
8. Prepare videos, clips and articles for Updates in advance. In the whirlwind of a campaign, you don’t want to be editing clips from your movie. Have them ready to go. The more prep work you can do ahead of time, the more time you have to focus on building concentric circles of connectivity when your campaign is up and running.
9. Build your social media presence. If you’re reading this, you’re probably already on Twitter and Facebook. If you’re not, do so immediately –- both for you and your project. Be social. Engage. Comment. Share. Retweet. Don’t just jump on the scene with a megaphone for your campaign. Your message is more likely to get across if you’ve proven to be a good listener.
10. Face to Face and telephone conversations are still very valuable. There’s nothing like IRL (In Real Life) interaction. Tell people in advance what you are thinking of doing. Not everyone is on social media or makes decisions by email. Friends and relatives who already believe in you are your most likely early supporters and contributors. For many of us, crowdfunding is not a natural fit, and we have to get used to asking people to support with us with donations and/or time. The more comfortable you get with your role as a Crowdfunder, the more effective you will be as an advocate for your project.
11. Ask for Day One support. Now that you’ve organized your contacts by categories, target 50 that you will send a pre-launch email and ensure their support on day one. Follow that up with an email when your campaign goes live. That way, when you announce your campaign to the world, those clicking on your link will see that you already have backers. It’s a reassuring sign to potential backers that others support the project.
12. Never lose sight that Crowdfunding is as much about building community as raising money. Equally important to the funds raised on our successful Kickstarter is the community of 827 supporters, who are now part of Team RFA. Many of them are actively taking part in the film’s journey beyond their financial contribution. John Alan Simon and I agree that this is the best part of the Crowdfunding experience – the people.
Is this Crowdfunding Prep list exhaustive? No, but it’s a good start. Did John Alan Simon and I do each and every one of these to perfection before we launched? No. Will we next time? Yes.
A few parting words. We continued to get queries from people who wanted to back our project after Kickstarter ended, so we created a Slacker Backer site on our website powered by PayPal that will be live for the next few months. Donations and sharers welcome! All rewards will be delivered the same time as the Kickstarter rewards. All funds go towards Radio Free Albemuth’s theatrical release. To reiterate what I said about Crowdfunding being an important builder of community and resources; this site was created by Kickstarter backer Victor Grippi, who we are proud to have as a new Associate Producer.
Follow Elizabeth Karr on Twitter @elizabethkarr and Radio Free Albemuth @rfamovie. Visit the film’s website for more information http://www.radiofreealbemuth.com
Sheri Candler December 2nd, 2013
Posted In: crowdfunding
Tags: crowdfunding, Elizabeth Karr, email list, independent film, John Alan Simon, Philip K. Dick, Radio Free Albemuth, Slacker Backer, social media, The Film Collaborative
3 lessons in crowdfunding the UK short film Patient 39
A guest post from Lizzie Crouch. Back in December 2012, Writer/Director Dan Clifton sat down with producer Roland Holmes and co-producer Lizzie Crouch to talk about how they might approach a crowdfunding campaign for Dan’s short film, Patient 39. In this article, Lizzie explores the lessons learned from their ultimately successful campaign, raising over $8000 for the film on Indiegogo. Also included are excerpts from the diary Dan kept while fundraising.
Lesson #1 It’s not just about the campaign; it’s about the community
From Dan’s diary:
The first thing is to discuss what to do with the short fundraising appeal film I’ve made… My appeal is under 2 mins and involves me dressing in pyjamas and making a slight fool of myself (a good thing, apparently), although hopefully the tone is appropriately sincere. Thankfully my producers like it.
There’s lot of great advice online about how to build a good crowd funding campaign. Don’t underestimate how long it takes to do thorough research, but don’t be overwhelmed by it either. There is no set way of doing the perfect crowd-funding campaign, each one is unique, so the real trick is working out what’s right for you.
The most important thing is to figure out the target audience for your campaign. For the Patient 39 Indiegogo campaign we identified a number of audiences who might be interested in supporting us, but given the film’s scientific themes, it was a group we called ‘science-y culture-vultures’ – those interested in the crossover between science and art – that we thought had most untapped potential.
Still from Patient 39
Despite this, we knew that other groups would play a part and ultimately become the film’s audience, so we were careful to include a broad range of content about the film to build a larger online community. The content at the heart of the campaign was aimed at short film fans and science culture-vultures, but careful curation of online content allowed a diverse range of audiences to engage with us.
Lesson #2 Building an online community is committing to a long-term relationship
From Dan’s diary:
The evidence from successful campaigns suggests that what people value above all is not material goodies, but a chance to feel involved as part of the team. After much debate we came up with a list of perks that range from Exec Producer credits at the top of the range, to visits to the set and crew T shirts for more modest-level investors.
As Dan identified in his diary, building a community is about making people feel like they are a part of something – and different audiences will respond to different things. Those who want to donate to the campaign may like thoughtful perks while others may simply want to engage with diverse, inspiring content related to the film or to filmmaking.
In recognition of this we set up a website and social media channels to disseminate articles, carefully balancing new content with our call for donations. Spanning science articles on consciousness and the history of medicine, we built our community around themes that would appeal to them; connected with online ‘influencers’ and key contacts; and kept our campaign fresh by updating the video and making announcements about team members that joined us.
But building an online community is like committing to a long-term relationship. Although most people understand who they’re trying to connect with, many don’t realize the amount of work that goes into maintaining it. Never assume a campaign will run itself – sometimes when we weren’t quite as on top of things are we could have been, we saw the consequences.
From Dan’s diary:
What I am learning is that you definitely have to feed the beast. What I mean by that is even though it seems foolish in some ways, like shouting without hearing an echo back, all the content and tweeting etc. does make a difference in reaching potential supporters. I’ve been away for five days on a shoot and consequently not able to be as proactive as I’d have liked, and sure enough we’ve had a noticeable lull in donations.
All this can be hard work, but a well-built community will reward you at every step of the filmmaking process. Don’t assume though that because you’ve finished the film, the community ceases to be – we are still communicating with ours as we build up to an online release in the future!
Lesson #3 Getting to know your community is humbling (and anxiety-inducing)
When you build an online community, you get to know your audience in a whole new way; you learn their names, where they’re from, etc. This is useful not only when it comes to later stages (marketing and distribution), but also for future projects. But it is also a responsibility that you have to carry on your shoulders!
From Dan’s diary:
Four days to go and we have reached our target, a $500 donation late last night lifting us over the line! I feel amazed and humbled by the whole experience. To feel people’s generosity and support in such an immediate way is something I hadn’t expected, but it is wonderful although I feel a great sense of responsibility too. In the last few days we’ve managed to reach out to funders beyond our immediate circle of family and friends, and it’s great to think that our efforts to widen our base of supporter and followers has had some measure of success.
I believe that our campaign was successful to due the hard work of the team to build and maintain an engaged online community, and we are very grateful for the support we received during our campaign.
To find out more about Patient 39 please visit our website, like us on Facebook or follow us on Twitter @Patient39film.
Sheri Candler November 27th, 2013
Posted In: crowdfunding, SHORT FILMS
Tags: crowdfunding, Dan Clifton, fundraising, independent film, indiegogo, Lizzie Crouch, Patient 39, Roland Holmes, short film, The Film Collaborative
Crowdfunding in Canada
A guest post from Richard Bishop of Empty Cup Media based in Oshawa, Ontario. Crowdfunding via Kickstarter has only been available in Canada since September 9, 2013. I asked Richard to share what his team learned in being one of the first projects on the platform and some of his comments on their success seem to defy conventional advice. Further proof that there is NO blueprint for success.
As a small company foraying into the independent film making industry for the first time, we based part of our film fundraising strategy around running a successful crowdfunding campaign. We first heard about the idea while attending a few Hot Docs workshops over the past two years. After committing to the idea, we did our due diligence – reading books, articles and blogs about other projects’ successes and failures- and we opted to go with Kickstarter as our platform as it had launched in Canada only a month earlier. We thought it would be possible to cash in on some of the general media press surrounding their launch.
When we launched the campaign, we had already completed the production of Heal Myself and we planned on using the crowdfunding money to cover post-production costs. We set a fundraising target of $25,000. We knew that this was a large number and success would require dedication and hard work. Throughout the production of the film, we had continually built an e-mail contact list for all participants as well as developed a solid social media following on Facebook. In our minds, we initially looked at it as a mathematical equation – with connections to over 2,500 people we only needed each of them to donate $10 and we’d be done! Well, we quickly found out that this notion was unrealistic.
We launched the campaign on Oct. 4th and watched the film become 20% funded in the first few days, then the initial flare burned out and stagnation set in. Every day a few people would donate, slowly driving us closer to the goal, but it wasn’t enough to drive us up the popularity matrix on the Kickstarter website. By Oct 30th, 4 days before our campaign ended we had climbed to 62% funded, crunch time set in. It was on that day that things started to accelerate and by the end of the campaign we had reached 106% funded. It was time to celebrate with all those who helped us!
There have been a lot of good posts on this blog already about how to build a campaign to maximize your chances at success, but we thought we’d share some of the things that we learned throughout the process (along with some numerical breakdowns) in hopes that it will help some of our Canadian friends who may be new to the concept of crowdfunding.
Here’s what we learned based on our backer reports and analytics:
-80%+ of our pledges came from people who had direct access to the film either by knowing us personally, liking Heal Myself on Facebook, being on our e-mail list etc;
-Posting update videos on Kickstarter and social media outlets is useful, but time consuming. A more effective use of our time was creating posters, such as these for the same purpose;
-Being featured on the Kickstarter documentary homepage isn’t as helpful as one might think. It did increase traffic and Kickstarter video plays (about a 15% increase), but it didn’t generate much in the way of pledges from people who were not connected to the project in any way (less than 1% of funding);
-Our two most successful award tiers were $100 and $200. The reason for this, we believe, is the rewards we offered at these levels were the most engaging for fans of the film. $100 tier included the special features DVD and $200 tier included the special features DVD and a pair of tickets to a private screening. Backers of our project really gravitated to the idea that they could be part of a physical event – we gave away over 88 tickets in this manner!
-Broad spectrum advertising or marketing had very limited success. We had advertisements on a variety of websites (through our personal connections), went on TV and a radio show, but none of these things brought in significant monetary pledges (less than 5% of our goal).
-Niche marketing was highly successful – we posted online on a variety of blogs and websites that were directly related to the subject matter of our film. Theses avenues brought in a fair amount of pledges (more than 15% of our goal).
-There is no substitute for hard work. We were using social media and e-mail all day every day to contact our personal connections. It was these people who spread the word to their contacts, creating a web of support that reached more people than we could have alone. Relying on your friends and family for help is crucial for projects of the size we undertook.
Although running a successful campaign is great in financial terms, after all you now can go ahead with the next stage of your film project. But the community you’ve built around your film is equally important. We are now in the process of thanking the great people who’ve funded our film and shown interest in our project. We believe that they will be our greatest assets when creating a grassroots campaign of screenings and events once Heal Myself is completed. Finding ways to demonstrate our gratitude and keeping these people informed as the project develops is an ongoing process, something we are continuing to experiment with and learn about. We are open to hearing any suggestions about how to keep our backers engaged going forward. If you have suggestions, please email (info @ emptycupmedia.ca) us.
Best of luck with future campaigns, we hope that some of our experiences can be put to good use!
A quick note to Canadians who are using crowdfunding:
As of early October 2013, the Canadian Government has ruled that all money received through crowdfunding is counted as business revenue. This is the case even if you are an individual raising money for a film without any company ties. This is a big deal as it really alters the amount of money you will receive in the end from your campaign as well as create some more paperwork in order to correctly deal with the tax implications.
The money the crowdfunding source takes as their cut is deductable as business expenses. Also the money that you use to fulfill rewards is deductable. I am not fully sure of all the tax implications and I am sure that this will be an evolving issue as time goes on. These tax rules will certainly inflate the initial fundraising goals for projects making successful projects that much harder to run – especially if you are private sector and don’t have non-profit ties so that you can offer tax receipts for donations!
Empty Cup Media is a video/photo company serving clients in and around the Greater Toronto Area. You may follow the progress of Heal Myself by connecting on Twitter, Facebook or joining their email list.
Sheri Candler November 26th, 2013
Posted In: crowdfunding
Tags: Canada, crowdfunding, documentary, Empty Cup Media, Heal Myself, Hot Docs, independent film, Kickstarter, niche marketing, Richard Bishop, Sheri Candler, The Film Collaborative
Crowdfunding: Asking the Hard Questions
Today’s guest post is from Seed&Spark’s CMO, Erica Anderson. Seed and Spark is selective crowdfunding platform. Before Seed&Spark will approve a project for the platform, all components for a successful campaign need to be assembled: a strong team; the seed of a great film; and a compelling purpose behind your proposed film.
One of the hardest things to remember when you’re thinking about taking a film from idea to execution is that raising money is not, in fact, the hardest part of filmmaking, though it may be the most uncomfortable. The most difficult task is getting anyone to see it when it’s finished. It’s not only difficult, it can be really expensive. Studios spend 1-10x production budgets on marketing. Indie filmmakers don’t stand a chance in that environment (although, marketing should ALWAYS factor into your budgets). Enter crowdfunding: a way to raise money while marketing your film.
In this light, Seed&Spark would like filmmakers to start viewing crowdfunding not as a necessary evil (or a mark of a film that simply can’t get financing otherwise), but as a key tool to engage their audiences in the filmmaking process and to grow a devoted fan base. The fact that you also get to raise a chunk of change is important, but it’s the short game. (A devoted fan base will make raising equity So. Much. Easier.) The long game is your career and making sure there are people who want to pay to watch your films for as long as you can make them. That means building in to your preproduction an audience-engagement campaign. Every film is different, and there are as many ways to engage your audience as there are filmmakers. That said, we have identified some guidelines and critical questions every filmmaker should consider if they want to crowdfund (With us, and with anyone else.).
Crowdfunding is not an exact science or a paint by numbers affair, but the wheel does not need to be invented with every campaign. Lists are really helpful. Below is a list of criteria that we look for in project submissions that would like to crowdfund with Seed&Spark. These “guidelines” are largely based on the potential for a filmmaker and project to foster a supportive and engaged audience. We work with all our filmmakers to make sure they’re maximally set up for success – a tactic that has led to a 70% crowdfunding success rate (compared to less than 40% on other platforms).
Pitch video:Your pitch video should either make us fall in love with you or give us a great sense of what the finished film will be like. The best pitch videos will do both. Because this is a campaign for a film, the video has to be great and should exemplify your filmmaking abilities and techniques. Remember, people will invest in you andyour storytelling talent, rather than in a “concept.” You have to demonstrate you’re a good editor: people stop watching pitch videos at 90 seconds.
Story: The story of your project is why YOU need to make THIS film NOW. Film and filmmakers are naturally suited to building their audience using Who are YOU? What is THIS project? And WHY does it need to be made? Give me an arc! Give me Drama! Make me care as much as you do! We ask you to tell us about this project. It should be personal. What are you offering to the community such that they should want to get involved with you?
Audience: The easiest way to start telling this story is to think: who is the actual audience for this film? Where do they hang out online? (So I know where to share the campaign?) What speaks to them? If you’re saying to yourself “Well, it’s men between the ages of 18-25,” you’re doing it wrong. Do you have a sense of who your audience really is? What kinds of music, events, things do they like? This is important not just for your pitch video, but also building your wishlist and incentives. They need to be personal and interesting to your crowd.
Team: The scope and budget of the film can be aspirational, but should match your experience, abilities, and stage in the process. If you’re raising $500,000 for a big period drama, you and your team should reflect that capacity. (Also, don’t run a crowdfunding campaign by yourself. Just don’t do that to yourself.)
Outreach: Take a look at your current social media and personal reach. If 6% of those people give $20 bucks, do you reach your goal? No? Then you have to formulate a plan to reach beyond that circle. Regardless of where you are in the filmmaking process, are you already engaging with your potential audience? Examine what gets people excited when you post. Do more of that. Do you have a social media presence on as many outlets as possible? Have you organized your contact lists on email, Facebook, Twitter, YouTube, Pinterest, Instagram, Tumblr, Reddit etc? Or do you know your audience spends most of their time on just one of these platforms? Focus your efforts on what works, and don’t waste time on what doesn’t. That means you’ll have to run some tests along the way.
A plan for success: Have you thought through how to successfully complete your project and get it to an audience? Your distribution plan could range from “We’re planning to apply to top festivals and get picked up by Magnolia Pictures” to “We’re going to pursue direct-to-audience distribution as soon as the project is complete.” Frankly, since option #1 happens for 0.01% of films, you should probably have a really comprehensive, thoughtful backup distribution plan that involves just as much work as the crowdfunding campaign. Don’t assume you can jump right in to your next project after this one premieres at festivals. 99.9% of the time, you are also responsible for getting that film to market. That is also a plan for success.
Time: Do you have time to run a campaign? Contrary to popular belief, if you just build it, they will NOT come, no matter what platform you use to crowdfund. You will have to capture your audience and then keep engaging them – long after the campaign and film are finished. A crowdfunding campaign should be thought of as time added on to pre- or post- production, not as something that can be run in tandem. In order to maximize the utility of crowdfunding, you’ll want to build in time once or twice a week for your entire career to engage with the folks who have chosen to support you.
While this list is not exhaustive (though possibly exhausting for some), it’s a very good start. These are questions I pose to every filmmaker who is interested in our platform. Submitting a campaign is a process and we don’t expect all of these criteria to be met before accepting a project. However, we find these criteria and questions essential not just to successful campaigns, but successful filmmaking. As our inspiring CEO and my dear friend Emily Best said so eloquently, “Great crowdfunding is the efficient frontier between belief in your idea and the desperation to get it made. If you’re willing to put in the work to make a campaign successful, you’re on your way to a lifetime of truly independent moviemaking.”
Sheri Candler November 25th, 2013
Posted In: crowdfunding
Tags: audience building, crowdfunding, Emily Best, Erica Anderson, fundraising, guidelines, independent film, Seed&Spark, Sheri Candler, The Film Collaborative
Crowdfunding via TV? Yes, and it won’t cost a dime
Today’s guest post is from Emmy winning producer/director Victor Zimet of Home Team Productions who is actively campaigning for finishing funds to complete a new documentary about Croatian/American composer Nenad Bach called Everything is Forever. But did you know campaigns now have a new promotion outlet on a TV show in Buffalo, NY?
It’s taken fifteen years to make our film, EVERYTHING IS FOREVER. But I never expected the crowdfunding process to consume half a year.
For two months, we wrote and re-wrote copy explaining who we were and what the project is about, cutting trailers for the film and a sizzle reel for our company, HOME TEAM PRODUCTIONS, and shooting on camera wrap-arounds for the campaign pitch video.
It’s been an enormous amount of effort, and it was important for us to emerge from the campaign with adequate funds to finish the film. We chose the flex plan of Indiegogo, in which we could keep what we raised even if we didn’t meet our goal.
Two tips from veteran crowdfunders I found useful were put the F-word back in fundraising, that word being fun. This loosened me up enough to stop taking everything so seriously, and sparked a wave of creativity. One example involved shooting a video replete with music, dancing, and a silly party hat, which became the centerpiece of a virtual birthday party and fundraising event posted on Facebook. That stimulated some donations.
The other piece of advice also involved Facebook; the user creates a Facebook Event announcing the campaign on the first day it is launched. Invite all of your friends and ask them to share which we found to be far more effective than just posting an announcement on a timeline.
After thirty hard-fought days of fun (and anxiety, we’re only human!), we raised two thirds of our goal and were at peace with our efforts.
But it wasn’t over yet.
On the eve of the campaign’s conclusion, we were approached by a producer for THE CROWDFUNDER SHOW, which airs on Fox 29 WUTV in Buffalo, NY, inviting us to be a featured segment on the program. Delighted that our ingenuity made an impression, we accepted. THE CROWDFUNDER SHOW is a half hour weekly show that profiles the best, brightest, and most interesting crowdfunding projects looking to make a mark, follow a dream or improve a community.
On December 29th, our campaign will be featured in a four-minute segment packaged in the half-hour show.[ed. To apply for consideration on the show for your project, go HERE].
Having gone through the rigors of a previous campaign, we were able to supply the necessary material to the show quickly and they had our campaign up on the crowdfunding site FundRazr, where they sponsor projects, within 24 hours.
Now, here’s where it gets really interesting. In our original campaign, we offered perks such as downloads of some of our earlier films, including festival favorite RANDOM LUNACY. We also offered exclusive bonus interviews featuring pivotal figures from the films. Another perk provided an opportunity to do a commentary track on the EVERYTHING IS FOREVER DVD.
THE CROWDFUNDER SHOW sponsors projects on the Fundrazr site and they are providing an extra incentive to donors. They reward contributors with sponsored gift cards for the same amount of money they contribute, up to $100. With this crowdfunding model, what you give – you get! Donors receive a gift card that matches their donation, compliments of retailing giants such as Best Buy, Home Depot, Starbucks, The Gap, and more. The result? People can support our campaign and it will not cost them a dime. This model is a win-win. With the holidays coming up, you bet that I myself will be purchasing some gift cards!
It’s a brave new world in fundraising, and if this is the first wave, we’re excited to be part of it. It will be fascinating to see what donations may result from four minutes of TV time.
Victor Zimet is a veteran of the film and television business with over thirty years experience to his credit. Together with partner Stephanie Silber, he founded HOME TEAM PRODUCTIONS, producing and directing award-winning documentary films, television, and not-for-broadcast projects since 1999. For more information or to donate finishing funds for EVERYTHING IS FOREVER, visit their website.
Sheri Candler November 14th, 2013
Posted In: crowdfunding
Tags: Buffalo, crowdfunding, documentary, Everything is Forever, Facebook, Fundrazr, Home Team Productions, independent film, indiegogo, Nenad Bach, Random Lunacy, The Crowd Funder Show, The Film Collaborative, Victor Zimet
Seed & Spark: A Great Place For Filmmakers
Crowdfunding November starts with a guest post by director Pete Chatmon who is using new platform Seed and Spark to fund his feature documentary Click Here: Or How I Learned To Stop Worrying and Love Making Movies
When picking a platform to bare your soul (aka crowdfund), it’s important to consider several factors. Sometimes the most popular platforms may not be the best for you. I remember when we ran the festival circuit for my debut feature Premium there was a lot of internal debate about where we’d premiere the film. Ultimately, I championed the Miami International Film Festival (MIFF) and we went on to secure a distribution deal, limited theatrical run, and Showtime Cable premiere. I chose MIFF because Nicole Guillemet (formerly of Sundance) was at the helm at the time and their team’s commitment to filmmakers was evident.
As we’ve taken to a platform to finish our documentary, the thing that I liked most about Seed & Spark was their team, their passion as filmmakers, and the fact that the site is geared toward the life of the film — not just the fundraising.
The film I’m crowdfunding is called Click Here: Or How I Learned to Stop Worrying and Love Making Movies. We are chronicling the chaotic (r)evolution striking the entertainment industry and using the film to create a path for how more storytellers and audiences can connect. One of the first of 30 interviews I did in NYC was with Emily Best, founder and CEO of Seed & Spark, and over the course of our conversation this was what I learned:
– the site acts as a studio (for crowdfunding) and cinema (for distribution and viewing)
– filmmakers create a “registry” on their studio wishlist so contributors and supporters get a transparent view as to where the funds will go
– filmmakers can also use the site to find crew for their projects (many of the members are filmmakers so this can yield awesome results)
– members gain “currency” on the site in the form of “sparks”, allowing them to take advantage of discounted offers for filmmakers and to watch films in the cinema
– the Seed & Spark team partners in spreading the word via their social media platforms as well as finding press outlets
What was most attractive to me was the ability to engage supporters beyond the finite weeks of a crowdfunding campaign. I also like the level of engagement amongst the community on the site.
At this stage of the game, it’s not a free for all submission process. The team seems to be curating the content across both sides of the site (studio and cinema). It will be exciting to see how the platform grows over time, but I feel confident that the folks behind the site have the filmmakers interests in mind.
Now, as for crowdfunding, that’s been quite the learning experience and our journey will surely be documented in the final film. We raised $520,000 for Premium and now need $50,000 for Click Here. Our campaign ends November 15th. The fact that this film is even possible at this budget is a testament to the changes striking the industry and the opportunities that filmmakers now have.
Which leads to my final point.
Compared to the all or nothing model of Kickstarter or flex funding on Indiegogo, projects in the Seed & Spark studio are given the greenlight at 80% of funding. The thinking here is that the film will be produced on the same level as the filmmakers intended, just with a little more bootstrapping required. The bootstrapping required of any indie filmmaker.
Take a peek and see what you like on the site. There’s a lot to get familiar with and it’s worth joining to get a sense of the community to see whether or not your project may find a good home.
Pete Chatmon
Director, “Click Here: Or How I Learned To Stop Worrying and Love Making Movies”
Sheri Candler November 6th, 2013
Posted In: crowdfunding
Tags: crowdfunding, donations, filmmaker, independent film, Pete Chatmon, Seed and Spark, The Film Collaborative
Crowdfunding November
All this month The Film Collaborative will be taking a look at crowdfunding. Whether it is the latest platform or the latest campaigns, all of the posts this month will take a look at raising funds via fan donation sites. These posts will not be merely calls for donation. Each post will share something valuable to the filmmaker who is planning her own campaign.
If you have experience with crowdfunding and would like to share your insights, whether your campaign is currently running or has just finished, please send an inquiry to me regarding your blog idea.
sheri [@] the filmcollaborative dot org.
Sheri Candler November 4th, 2013
Posted In: crowdfunding
Tags: campaign, crowdfunding, donation, Sheri Candler, The Film Collaborative
Marketing a horror film-the trailer
One of the absolute strongest pieces of marketing you will create for your film is its trailer. The other is the key art. I wish more filmmakers appreciated how important having a kick ass trailer is and stop trying to save money by editing it themselves or having their feature editor do it. A horror film audience is typically younger and very distracted. A trailer that fails to capture attention in less than 5 seconds is easily turned off in the quest to find something more interesting.
I spoke with professional trailer editor Michael Kurthy of Ye Olde Trailer Shoppe, Inc. about what goes into editing film trailers, especially horror trailers.
SC:What is the first thing you do when you sit down to edit? How do you evaluate the film to choose the elements that will go into a compelling trailer?
MK: “If I’m working directly with the producer, we usually collaborate on coming up with a marketing direction for the film. The producer usually has some ideas, but is so close to the film that they don’t see the ‘big’ picture on how to sell the film to a wide audience. Every film is different and requires a different approach. I will do a ‘Break down’ of the film prior to cutting the trailer. This is basically deconstructing the entire film shot by shot/dialog line by dialog line. I try to use the footage and dialog to tell a story, but if that can’t be done, I will write or hire a copy writer to tell the story with narration. The trend these days is NOT to use copy. Sometimes we will be working on a film in the early stages of production and we will indeed use a shot that may not make it into the final cut of the released feature.”
SC: Is there a difference between what goes into cutting a trailer for a horror film and cutting any other kind of narrative film? Are there “rules” or conventions that go into marketing a horror film that you follow? Does it depend on what the trailer is supposed to do (IE, sell the film to industry vs sell the film to the consumer)?
MK:”The only difference is that horror is usually paced slower, more pregnant pauses are used to accentuate a particular moment and we like to use more sound FX. When I cut the trailer for The Wizard of Gore, a remake of a 70’s Vincent Price horror film, I chose to skillfully use music and sound FX that would drive the trailer along in a frenetic manner, with lots of stops. I concluded with a high energy rock cue from the feature soundtrack because it worked so well to pull the whole trailer together at the end.”
SC: How important is music in a horror trailer? Where do you source your music from?
MK: “Music searches are really one of the most important elements in trailer making. The music will set the tone of the piece as well as the mood and what I would like the audience to feel and think. For most of the indy horror film trailers I create, I’m usually handcuffed into using the feature score from the film because of ultra low budgets.This can be a good thing or a bad thing depending on the score.”
SC: Are there certain fonts or motion graphics that can be used to great effect? Should you have text/graphics or should the scenes play out to demonstrate the full effect of the film? What about using festival laurels or critic quotes? What about foreign films, how do subtitles play in trailers?
MK: “The only reason you need text or graphics in a trailer is because you have to convey another story that can’t be accomplished with using dialogue from the film; or the dialogue from the film isn’t enough to tell the story.
When we use the festival laurels or critic quotes in a cut, we are trying to use the accolades of the film to our advantage. Testing shows that people do respond to awards and such. A lot of times we ‘hide’ foreign films by doing a trailer with no dialogue,it’s very difficult to sell a sub-titled foreign language movie here in the States.”
SC: How is trailer editing different from feature editing?
MK: “I almost exclusively cut just trailers. I think it really is necessary to hire a professional trailer editor who is not biased on the film. One who can step back and really see the big picture. I recently edited a feature documentary for the first time, a film called The Sound of the Surf about the origins of ‘Surf’ music. Unlike trailers, this feature’s files were so big and daunting, so many things to keep track of ie: photos, interviews, music,flyers etc. With a trailer, one simply has the 1 ½ hr film to be concerned with plus miscellaneous music, graphics and select pulls. Quite frankly, after completing this feature edit, I wonder if I could still cut a trailer for this film, after being so immersed into it.”
SC: Given the audience for horror is usually young (teens), does this dictate the length and style of the trailer? How about different lengths depending on where it is shown (online vs in theater)?
MK: “Less is more in this case. Attention spans have shrunk in recent years probably due to the obliteration of broadcast material out there.There is no official maximum length, but if your trailer is over 2m 30secs, it probably won’t get played in a theater.”
SC: How do you feel about the accusation that trailers “give away the movie”? Is that true? Are there instances where they have to in order to get bums in seats/streams sold?
MK: “A good trailer should never give away the story or ending. However, today a lot of trailers do just that. A lot of this has to do with creatives in charge at the studios.There is a lot of pressure on them to ‘Open’ a film [ie, provide a successful opening weekend of the release] because if they don’t, it’s their job on the line. Being a creative advertising exec at a studio is a very short lived career.”
SC: Now for the question all of our readers will want to know for budgeting purposes, could you give me a range for how much a professional trailer would cost? Also, how far in advance should a producer plan for trailer edit?
MK: “If you go to a trailer house (large company with many producers, editors, graphics people), you are going to be charged anywhere from $40,000 on up to $75,000. Smaller shops like mine (1 to 5 employees) can bring the price way down. My rate for an indy trailer is around $4000-$5,000.
It’s always a good idea to plan in advance, but unfortunately people wait until the last minute. I have had to cut trailers in ONE DAY!-not fun. Ideally, it takes 1 to 2 weeks to get a great trailer cut that the client likes.”
Michael Kurthy is an award-winning motion picture marketing veteran who, over a 20 year career, has created successful theatrical campaigns for dozens of block-buster hits including: “Independence Day”, “The Matrix”, and “The Lord of the Rings”.
Currently,he owns Ye Olde Trailer Shoppe Inc., a boutique trailer house, for which he creates quality advertising campaigns for major and independent features. Mike has created campaigns for many horror films including, “The Wizard of Gore”, “Cold Storage”, “Friday the 13th Part Vlll”, “Blackout”, “Close Your Eyes” and “Freddy’s Dead” all of which can be seen at www.michaelkurthy.com
Sheri Candler October 24th, 2013
Posted In: Marketing, Publicity, Trailers, Uncategorized
Tags: Black Out, Cold Storage, film marketing, film trailers, horror film, horror trailers, independent film, Michael Kurthy, Sheri Candler, Sound of the Surf, The Film Collaborative, Wizard of Gore, Ye Olde Trailer Shoppe
Want to launch a horror film franchise? Better get onto the festival circuit.
We’ve all heard the stories of the little independent horror films that could; seemingly plucked from nowhere and went on to be mega hits.
Paranormal Activity, a $15,000 film launched at Slamdance 2008, was bought for about $350,000 and became the highest grossing film in the history of the festival. Though it was originally acquired with remake rights in mind, it ended up spawning four subsequent installments.
Sundance 2004 served as the launchpad for Saw (production budget around $1mil) which, like Paranormal Activity, was never supposed to go to movie theaters; it was originally going to go direct to DVD. It spawned 6 sequels. Another Sundance premiere, The Blair Witch Project, was shot for $60,000 and made over $140 Million in theaters.
Insidious was made for $1.5 mil, premiered at the 2010 Toronto International Film Festival and grossed over $90 Mil worldwide. Other films to launch at TIFF include Hostel and Cabin Fever.
Yes, these films are the exceptions to the rule. The rule that says box office success is a result of higher production spends and star names. Such is the potential of the horror genre. It has one of the most loyal audiences who, to a certain degree, ignore critics and don’t care too much about star cast. The catch is the traditional indie release model does not work to get these films out to market.
It is almost impossible for a horror indie to do the slow expansion route. This is why most films either release day/date, go direct to DVD or open wide and place all their marbles on opening weekend. Almost all horror films drop off over 50% after their first weekend. Often dropping even 60 or 70%. Even a film with critical appeal like You’re Next only received middling reactions from the larger fan boy audience and will end its theatrical with less than $20 Million. Notably, it still out-performed all but one TIFF acquisition from last year’s festival.
What makes the films I listed above unique is that they either opened in limited release and immediately garnered major interest (Paranormal Activity) or showed immense staying power per the genre (Insidious).
The commercial potential of horror compared to other arthouse films cannot be ignored. Almost no one I know would consider any of those films ‘arthouse,’ but that’s exactly what they are. They are some of the most commercially successful independent films ever released. This year, all but one of the midnight madness films from TIFF has a US distributor attached and last year’s batch all found distribution deals, making it the only section from the festival to secure domestic distribution for all of its slate.
Even the films that don’t necessarily draw massive box office are usually incredibly successful. Sundance films like The Pact and V/H/S were never about theatrical receipts. Both were profitable via the advance received for their domestic distribution deal alone and both were profitable for the distributor (mainly via home video and foreign sales) hence why they each got sequels. Horror is arguably the only genre I know where a film could be bought for just shy of seven figures (The Pact), gross less than $10k theatrically in the US and still be considered a massive success. Distributors like Anchor Bay (who sometimes finances too), IFC Midnight, and Magnet specialize in this kind of release model and continue to thrive. It’s incredibly rare for any of them to push the theatrical and almost all of their releases are available on demand upwards of 2 months before they even pop up on a screen.
There is also a clear set of time windows when these films do well. You will not see horror films popping up in theaters in the US during November or December and with good reason. Who can compete with the Christmas releases? Many distributors treat horror as filler title for January/February and it has worked well for films like Hostel. Insidious and The Pact were both summer counter programming. When The Sixth Sense set a then record for releasing at the end of summer, it seems to have set a precedent to debut horror in late summer.
I want to be clear though all is not a pot of gold when it comes to the genre. Please contrast this post with the prior blog entry from my colleague Sheri Candler. EVERYTHING there is absolutely true. I received more solicitations for generic horror films from the Cannes, TIFF, and AFM markets than for anything other genre or story. Many of these films will never see the light of day and even at micro budgets will fail to recoup.
Every year, we anoint maybe one or two new voices in the genre and otherwise it’s mostly a rehashing of the same people. Just look at the midnight films from TIFF this year, The Green Inferno and All Cheerleaders Must Die from Lucky McKee. There are fewer spots for new auteurs to breakthrough. The people who are in the horror game are frequently collaborating and backing one another creating a genre power situation where they can squeeze out the very little guys/gals that would have just as easily been considered a few years ago. It’s a giant game of six degrees of separation now that gets one to the inner circle of horror stardom.
As the horror sequels pile on, it is so easy to forget the simplicity of what came first. If horror is your game, I encourage you to go back and watch the original Saw. It’s really a mystery story focusing on two people trapped in a room. The few other traps we see are only in flashback. The bulk of the film is two people talking in a room. As studios continue to struggle to push the boundaries (okay let’s be honest, they struggle to come up with anything even slightly unique or entertaining), they look to the festival circuit for the next film with breakout potential. Every horror franchise to launch in the last few years has come from the festival circuit.
There is still a lot of life left in the genre, but if you’re on a micro-budget, you have to offer something fresh or with minimal star power or have powerful connection in the indie world to get noticed. Horror is one genre where titling and cover art can make or break success with an audience. The attention span of the typical horror fan is very short unless they recognize something they like immediately. It’s no accident that people were talking about Sharknado; an absurd, but definitely different take on horror and sci fi. It lit up Twitter like nobody’s business. The Asylum does very well making those types of films. But the success narrative is skewed; it only attracted a viewing audience slightly better than a typical SyFy Channel movie of the week and its hurried theatrical screenings pulled in less than $200K from 200 cinemas. Still, it has spawned a sequel!
So to recap, the genre is waiting for someone to break out in the midnight section at Sundance, SXSW, Tribeca, and/or TIFF, these films are often the most successful to come out of the festival circuit and almost always receive a deal. However, to get into the festivals at all is incredibly difficult and if you’re not already connected to the “in crowd,” you are probably shit out of luck. While you could do a D grade microbudget film with distribution pre attached through Full Moon, what would that do for you? The best case scenario is you make a whopping $5,000 for all your hard work, they get control of the edit and the film doesn’t see a significant release.
But whatever you do, choose a smart title, a good poster and cut an exciting trailer. They are imperative in horror.
Bryan Glick October 11th, 2013
Posted In: Distribution, Theatrical
Tags: All Cheerleaders Must Die, Bryan Glick, horror films, independent film, Insidious, Lucky McKee, Paranormal Activity, Saw, Sharknado, Sundance, The Film Collaborative, The Green Inferno, The Pact, The Purge, Toronto International Film Festival, V/H/S, You're next
No advance+little marketing commitment=poor results
I used to be the resident regular blogger here at The Film Collaborative, but some of you may know, I’m wrapping up a law degree and I only weigh in on the blog periodically. My colleagues at TFC have been picking up the slack, and doing an awesome job of it, if I do say so. While I am writing only sporadically these days, sometimes I just have ideas that must be written. This post has been brewing in me for a while.
I have something to say and it will not be easy to accept for many of you. I write this out of love and the hope that it will save heartache down the line. Hope is prevalent in the film industry. It can be motivating, but also it can blind filmmakers to the realities they must face in the market. The market is now over saturated with film product and this is only going to continue. Mindsets that once may have worked for the majority now have to give way to a more productive, informed and aggressive one in order to see success.
One big lesson I learned in law school is how legal theories of a claim or case involve classification of law, elements, factors etc. Being precise and persuasive is the difference between winning and losing. I have thought about this lately in terms of filmmakers’ complaints when they have chosen to give their films to traditional distributors and then were unhappy with the results. Perhaps being precise with the production’s goals and persuasive in presenting how the film will sell in the market in order to meet those goals is something that filmmakers should be practicing.
I’m weary of hearing the irrational expectations of filmmakers who did not think about the business side of their film before they made it. I want filmmakers to actively get real about what’s possible in today’s marketplace and assert some ownership of the results of the performance of the film.
You all know me and know I’m the last person to just blindly defend a traditional distributor. But I have noticed a pattern now that I find hard to justify. Many filmmakers (maybe most!) are still wishing, hoping and resorting to making all rights deals with traditional distributors and then, if the release is not handled how the production envisioned, the distributor is blamed. With all the new tools, and by now, not even new discourse about direct distribution and how it gives filmmakers the ability to handle their own releases in the manner they envision, why are so few choosing that route? Is it easier to put the blame on an entity instead of taking the responsibility from the start? Is it easier to think that if a film is chosen for pick up by a distributor, it has merit and then when that merit doesn’t materialize in the market, it must have been the fault of the entity handling it?
Again, I have no issue blaming companies for being in breach because that can definitely happen. Distributors have lots of titles in their catalogs and each will not get the same amount of attention. They will not likely tell you that when signing a deal, but it will happen to some titles. What I do want to address is the filmmaker theory that the distributor screwed up without having any coherent evidence as to how and what would have happened otherwise to making the deal.
I think if a distributor offers you no advance or a small advance for all or even part of your rights, that’s a big vote of little confidence in the title. Doesn’t that sound logical to you? If you are signing that deal, truly believing there is going to be profit that will reach you beyond what the sales agent takes, what the distributor takes, what the platform/store/exhibitor takes, you’re dreaming. Little investment in acquiring the rights to your film means little marketing effort is going to be made, and likely little will result from the release for you. A filmmaker agreeing to that arrangement should be clued in as to how likely the film will succeed. Again, I am not speaking about being in breach of promises in writing such as projections and a marketing plan that is not actualized. If big projections were made based on a clear marketing plan presented in writing outlining all efforts that will be made, then not executed, there is reason for complaint.
I find it increasingly frustrating to talk with filmmakers who have little or no evidence of their own to demonstrate their film’s appeal. Why would a film that is not going to have an impact festival premiere, has low website traffic numbers, low social network following, small or no email list to contact fans be assumed to wildly succeed? If no one on the team has done the proper marketing work and/ or the film is not a hit with the audiences who have seen it (most likely at smaller festival screenings), why do filmmakers insist their film will succeed? The tea leaves are splayed out to be read and it may be a difficult read, but filmmakers cannot just brush them aside. If you choose to give your film away to a distributor for little or no advance and no serious marketing commitment (in writing), you should not be surprised by poor results.
3 pieces of advice you should take from this:
1. Prove your film’s concept with proper marketing preparation and act on its distribution directly, or;
2. Prove your film’s concept to an outside distributor and get all of your expectations and requirements as part of a written agreement so there are no surprises and you get what you bargained for, or;
3. Own the fact that you have no proof of your film’s appeal either directly or to middle man distributors and then, reconcile that if you sign a no or low advance, all rights deal with no serious marketing commitment , you have very low expectations for its success.
Filmmakers make some common business projection mistakes like comparing their films to two totally unrelated or uncomparable films; confuse festival circuit success with an indication that there will be home entertainment success, even though the two classes of distribution are entirely different; or their measurements and requirements of success are decided without knowing the costs associated with that success. I am encouraging more practical and realistic thinking. It’s okay sometimes if films don’t recoup their budgets. Films can be, and in my opinion should be, about art and cultural connection. But if the ultimate goal is to fully recoup and/or profit, a detailed plan from the start describing how that is going to happen and what it will realistically take to make that happen really needs to be in place. The complaining and blaming needs to stop.
Orly Ravid September 26th, 2013
Posted In: Distribution, DIY, Long Tail & Glut of Content
Tags: advance payments, complaining, film release, independent film distribution, Marketing, mindset change, Orly Ravid, success, The Film Collaborative