Once a quirky financing option for intrepid entrepreneurs, crowdfunding has evolved into a fast, effective way to raise cash for just about any endeavor. Even the producers of the upcoming Charlie Kaufman movie, Anomalisa, raised money this way in order to maintain creative freedom for their project. Crowdfunding’s growing popularity is good news for creative types, who typically don’t have access to bank loans or angel investments that are more readily available to conventional businesses. According to a report from Massolution, arts-oriented projects received about $66 million in 2011 from donation- and reward-based campaigns. That number is likely to keep soaring, as the crowdfunding economy goes from $1.5 billion in 2011 to an estimated $3 billion this year.
Read on to learn how you can claim your share of the windfall.