Let’s face it… recording a CD is expensive. I know the costs have come down dramatically in the last 10 years, but when you don’t have any money, it doesn’t matter if the cost is $10,000 or $100,000. One of the goals of the project I am currently working on is to significantly raise the bar on quality, the quality of the songs, the quality of the recording, the quality of the packaging, all of it. And that means money. And money means fund raising…
I imagine there are as many ways of doing this as there are people, but this is how we did it…
First, we set a budget. A detailed budget, taking into consideration all the costs associated with the CD from the pre-production, to the Producer, the studio time, additional musicians, mixing, duping to the (often forgotten piece) marketing for the CD once it is out. In my opinion, it also doesn’t hurt to add a little on top to cover things you didn’t plan on. Then we wrote it all out in a detailed proposal, outlining the purpose of the CD, the theme, the need for a higher level of quality, etc. We also outlined the budget, where it would be spent, the credentials of the people we hoped to bring on board and finally what we would be doing with the CD once it was released. This part of the process was the hardest, in my opinion.
Second, we needed to find Partners. My management team and I decided to seek out Partners on three levels – Corporate, Personal and General. The Corporate entities we approached had to have some reason to be interested in the theme and concept of the CD. Everyday With You is a CD based around the theme of the whole motion of marriage so approaching churches with active marriage ministries, for example, makes good sense on both sides. We also approached companies that while not directly connected to ‘marriage’ could certainly appreciate the concept of the CD and wanted to be a part. The people we approached on a Personal level were people that I know who have, for a long time, supported not only my music, but also my family and myself. Not just a catch all of folks, but a very specific list that we sent the proposal to, and then followed up on a couple of occasions… persistent but not pushy. Finally, we did make the opportunity available to the General public via e-Newsletter and website.
Finally – Keep At It! Like anything, raising a budget is a time consuming process. I was hoping that I could send out the proposals and then just count the money, but obviously, that is not how it works. It takes follow up and the fine line of ‘persistent and not pushy.’ Especially with the Corporate folks, I found I needed to set appointments for conference calls, email correspondence and regularly following up. With the Personal folks, I sent the initial proposal and then followed up with a couple of specific emails. In regards to the General folks, that was mentioned in e-Newsletters, blogs, and on my website. No follow up needed there. I also got good at jokingly inserting my need for budget into almost every conversation imaginable… not a bad idea.
Along with that, I also set up multiple levels of Partnership. That way there was a place for everyone to participate. And giving folks the feeling of ‘ownership,’ of having a stake in the outcome really gives tem more of a reason to be involved.
The two things I found hardest about the process were these… first, being thankful for the amount raised when I was still worried about the amount left to raise. I remember a specific conversation with a friend of mine about halfway through the process – he was thrilled about how far I had come and I was worried about how far I had yet to go. Forgetting the thankfulness, really impairs finishing the race, I think. And secondly, conveying the idea (primarily to the folks in the Personal category) that any level of partnership was great. I know several folks who felt their available funds at the moment were too small to be of consequence, but once they knew that even what they felt was small, I knew was huge because it all adds up, both from the financial perspective as well as the spiritual and support perspective, they really wanted to get on board.