« Discussion

SURVEY: Have You Ever Supported a Crowdfunded Book?

“People are beginning to wonder if some Kickstarter creatives are actually just out to steal money.”

By Edward Nawotka, Editor-in-Chief

Today’s feature story looks at publishing startup Crowdscribed.com. The company promises an evolution of the current crowdfunded and crowdsourced publishing models offered by Kickstarter and other similar platforms. Instead of asking a reader to donate money to a book, it asks them to subscribe to it. The model is based on the syndication model for publishing that was once popular in the 18th century.

Over the past few years we’ve written several times about crowdfunded publishing and its popularity is only increasing. Yet there is also a growing wariness among people who have donated to projects that have taken too long to come to fruition or never delivered on their promises. The issue can sometimes be the slow pace of book production or that the campaign was inundated with so much money that the stress of living up to expectations and delivering a larger than expected quantity of product was simply overwhelming.

The wariness has become so acute that, as Crowdscribe’s Scott Klososky notes, “People are beginning to wonder if some Kickstarter creatives are actually just out to steal money.”

I myself have donated to several Kickstarter campaigns for books, but only for projects to which I have a personal connection to the author or creator. And I can’t say my donations have gone past $50 or so. I think of it more like lending a friend money — which as we all know means you’ll never see it again…That said, there are many of you out there who have donated far more.

Tell us, have you supported a crowdfunding campaign for a book? Were you satisfied with the results? And would you do it again? Let us know what you think in the comments.

Have You Ever Supported a Crowdfunded Book?

  • No, I have never been enticed to support a crowdfunded book (47%, 14 Votes)
  • Yes, I supported a crowdfunded book and was satisfied (40%, 12 Votes)
  • Yes, I supported a crowdfunded book but was dissatisfied (7%, 2 Votes)
  • No, I would never support a crowdfunded book, on principle (6%, 2 Votes)

Total Voters: 30

Loading ... Loading ...
This entry was posted in Discussion and tagged , , , . Bookmark the permalink. Both comments and trackbacks are currently closed.

One Comment

  1. Posted September 7, 2012 at 10:53 am | Permalink

    What are your thoughts on crowdfunding reprints?

    My book is out of print (and almost out of contract with the publisher) and I believe there is still a demand for it (at least in Australia). I have enough raised from sales of the initial print run to print about 1000-1500 but the per unit cost is significantly reduced if I print 2000-3000. I am considering attempting a kickstarter or pozible campaign to try and make up the difference.

    I figure I can offer backers value by offering the books at cost plus shipping with higher levels of backing for more copies or I donate a copy to a school as well. My real motivation with the book has always been to get it into libraries and schools. I like the idea of crowdfunding that might support this initiative.

    Liam

  • Get Publishing Perspectives in your inbox each day and stay up-to-date on international publishing.