With Chelsea Wilson Miss. Wilson returns to the topic of crowdfunding, highlighting the importance of being money savvy, organised and communicative. She also explains the fundamental necessity of, wait for it, *cringe*, networking. Take into account postage costs, fees and manufacturing costs in your budget. Kick starter, Pozible etc all have fees for hosting your campaign. Make sure you take those fees into account. For example if you need $15k for your project but pozible will take 5% plus other fees (including bank fees) for hosting the project, your bankable amount will only be 14k. Postage is also a consideration; make sure you add up how much postage is going to cost in advance. If you need 10k for your project but postage will cost you $1200, you should set your target higher to take those costs into account. Also consider international postage — for my album campaign there were a few international pledges for vinyl records, which was great. However the post amount cost more than what the pledger paid for the record so essentially I gave these copies away! (doh!). Consider manufacturing costs too. T-shirts/tea towels etc are great, but if you need $10k for your album and … Continue reading THIS POPULAR PHENOMENON CALLED CROWDFUNDING, PART 2.