Here's what the Poynter team learned from their first crowdfunding campaign
As newsroom budgets are increasingly stretched, crowdfunding can be one way for journalists to raise money to finance larger-scale reporting projects.
Some notable international crowdfunding successes such as El Espanol or De Correspondent may paint this method of fundraising as a guarantee, but a crowdfunding campaign is a tough project to take on, and the possibility of failure is never too far away.
Poynter recently ran its first crowdfunding campaign, 40 Better Hours - it reached its goal, raising over $10,000, and the team wrote down their takeaways from the project in a piece on the website.
The lessons learned in the process include the importance of getting honest feedback from third parties early on, making the benefits and the goals of the project clear, and using your network. "Of our 166 total backers, 104 were personal friends or family," wrote producer Ren LaForme.
If you like our news and feature articles, you can sign up to receive our free daily (Mon-Fri) email newsletter (mobile friendly).
Sign up to receive job alerts of your choice by email, or manage your subscription
Featured recruiter: click to view its vacancies
Regional news publication seeks a news editor who can build on its online growth and ensure that its printed paper is of the highest quality
Subscribe to our newsletter for latest news, tips, jobs and more
End that deadline stress today and find help in our freelance directory
Kindred Forest partners with Volker Lehmann and local families to bring Wild Beniano Cacao from the Amazon direct to the UK for first time. The Wild Chocolate bar blends rare flavours and sustainability: 20 per cent of profits go to rainforest conservation
Our next Newsrewired conference will be in May 2025, London.
Conferences and study weeks are fantastic opportunities to get the latest updates on the industry and network with your peers
Awards are a great way to have your hard work recognised by industry experts and celebrate your teams. Here is where you can apply
If you find your social feeds a tad too heavy on men's voices, follow and connect with these fantastic women experts on indie media
How do you move print readers to digital? Are there other ways to hold on to subscribers besides a last-ditch deal?