Monday, May 2, 2011

Comic Books for Entrepreneurs

via Inc.com by Kasey Wehrum on 5/1/11

<b>Long Tails, Short Tales </b>Chris AndersonThe Long Tail, one of six business books retold as comics'>

Faster than a speeding bullet. Able to breeze through the densest business jargon in a single sitting. It's not a bird or a plane but a new concept that has taken best-selling business books and transformed them into fully illustrated comic books. Though you won't find any superheroes in their pages, for entrepreneurs short on time but eager to make a dent in their reading list, these comics may just save the day.

The books are the brainchild of Corey Michael Blake, president of Round Table Companies, a Mundelein, Illinois–based media company. Blake partnered with another business, SmarterComics, to produce a line of comic books based on six popular business titles, including The Long Tail, by Chris Anderson; How to Master the Art of Selling, by Tom Hopkins; and the longtime favorite The Art of War, by Sun Tzu. The comic books will be sold this spring in traditional comic book shops as well as at national retail outlets like Barnes & Noble and Hudson News airport bookstores across the country. Digital versions for iPads, iPhones, and Android devices will also be available.

Almost like illustrated versions of CliffsNotes, the comic books condense each original title to about 50 pages of drawings and dialogue in bubble blurbs. "They're great cocktail party books," says Blake. "For someone who doesn't have the time to commit to reading the original book, these allow them to grasp the main concepts quickly and have an informed conversation."

In the comic book version of The Long Tail, an illustrated Anderson, with the help of a long-tailed brontosaurus, explains the book's thesis—that technology and the Web have transformed the consumer marketplace and created countless niche markets that, when combined, account for a huge amount of business. "I think they did a good job of making the book fun without dumbing it down," says Anderson. "Visual language is a great way to communicate and get complicated ideas across."

That's not to say that Anderson, whose hairline is more Lex Luthor than Superman, doesn't have any complaints about his comic book debut. "I now have to deal with my children mocking me, because I'm not as heroic as they expect their comic book characters to be," he says. "But I can get over that."

With North American sales estimated to be close to $680 million in 2009, the comic book and graphic novel sector is serious business. The concept of a comic book adaptation of a business title is new, but the past 10 years have seen a growth in the popularity of nonfiction graphic novels, according to Milton Griepp, publisher of ICv2, a website that provides analysis of the comic book industry. The burgeoning popularity of the genre was most notably demonstrated in 2006, when a graphic novel version of the 9/11 Commission Report made The New York Times's bestseller's list. "That was a watershed moment for graphic novels in the U.S.," says Griepp.

Traditional stereotypes dictate that comic books are the domain of kids and sci-fi geeks, while business books are of interest only to M.B.A.'s and executives. In fact, the two markets may not be that far apart. "In Manhattan, walk into a Midtown Comics or a Forbidden Planet, and you might be surprised to see the types of people who are shopping there," says Griepp. "The demographic for graphic novels is certainly teens and young adults, but the right side of the curve extends out through adulthood."

Anderson also sees this as an opportunity to lure hard-core comic book fans to the business section of the bookstore. "The whole point of recontextualizing these books in graphic form is to reach an audience that might not otherwise be reading business books," he says. Will that turn a bunch of comic book geeks into entrepreneurs? Perhaps. After all, every good superhero needs a day job.

How To Get Media Attention For Your Startup

via War Room Contributors by Sprouter on 5/2/11

When you work at a startup or start your own business you need to employ inexpensive tactics to get the word out. It’s not enough to just build a great product or service – if no one knows about it then you’re back at square one. While social media is the tactic du jour for getting your name out there (hello Launchrock landing pages), you can’t forget about the power of traditional media. Whether a well-read blog, a national newspaper or a community publication, traditional media still have the power to capture eyeballs and establish credibility. Here are some ways you can grab the attention of the media, and build relationships with key journalists in your industry.  

Survey the landscape. You can’t expect to get attention from the media if you don’t know who’s writing about what for which publications. Sounds like a mouthful, but it’s simple – make a list of the top 20 publications you want to be in, and for each publication make a list of the journalists/bloggers that write about your industry. Continually update this media list with relevant contact info and notes so you’ll always have an up-to-date reference tool.

Go beyond your launch. A lot of people think that you can just write a press release, put it out over the wire, and you’ve done your job. While launching your company or debuting a new feature can be newsworthy, it’s not enough to grab the attention of journalists. They see a ton of launches every day, so what makes yours different? Whether it’s that you’re the first in your industry, or your launch comes on the heels of a controversial piece of legislation, find a unique angle that makes your news stand out.

Find story angles. You don’t want to just rely on product launches and releases to sustain your media presence. You’re in a unique position as an entrepreneur – you have an interesting story about why you decided to start your own company. Use your personal story as an article idea. You can also create story angles by commenting on relevant current events or holding seasonal campaigns (Christmas gift guides if you’re a product-based company, for example). Also consider using a customer or client success story as an idea – it takes the focus off of you while showing how you can help.

Do your research. Before you reach out to a journalist it’s really important to do your research. The days of sending a generic e-mail to a massive list of people is over, and personalization is the key to success. Before you reach out to a journalist you should know the topics they cover, a rough idea of what they’ve written about lately, and any other important info (did they just accept a position at another publication? Do they prefer to receive e-mails over phone calls?). A quick Google search should provide many of these details. Trust me – it’s better to research these simple details than to pitch a story idea to a journalist who just wrote about the exact same topic.

Take a multimedia approach. Reporters these days don’t have to wait by a rotary phone for a source to call back – today they get their news, sources and story ideas from any number of media including Twitter and blogs. The way they conduct interviews has also changed. You may interact with one reporter over e-mail, and find another one prefers to use Twitter. Be open to interacting wherever reporters hang out – whether that’s conducting an interview over Skype or taping a video interview with your iPhone

Become an expert in your field. While acting as a source for an article is great, it’s often not a recurring role. If you want to be a constant presence think about how you can become an expert contributor. Whether it’s writing a weekly column for your favorite industry blog, or hosting a segment on a morning TV news show, many outlets accept applications or submissions. Think about segment or story ideas you’d feel comfortable producing, and then visit the outlet’s website to find out how you can get in touch with them. But don’t forget, you do need the expertise to back it up.

Don’t do it alone. You have to make a big decision when you start a company – do you want to do your PR in-house or do you want to outsource to an agency or consultant? There are pluses to both sides – while a PR agency or consultant often has the existing relationships with the media they can’t devote as much time as someone you bring in-house. Regardless of what you decide, there are additional resources that can help you get started – one is HARO, or Help a Reporter Out. This online service sends daily e-mails with requests from reporters looking for sources – we've used it several times with great results.

Public relations is a free way to get the word out about your startup – but remember, it takes an investment of time if you’re doing it yourself, and a salary if you’re bringing someone in to handle it. Think about incorporating it into a larger marketing/communications role. And if you outsource to an outside expert make sure you communicate your goals clearly from the get-go, and continue to keep an eye on news in your industry. Most of all remember that you have a great story to tell – take the time to make sure you get it out there.

For the latest career news, visit War Room. Follow us on Twitter and Facebook.

Join the conversation about this story »

What is Hybrid Entrepreneurship? (And Why You Should Consider It)

via BLACK ENTERPRISE by LaToya M. Smith on 5/2/11

 

Felicia Joy finds happiness in hybrid entrepreneurship (Image: Subject)

Before the age of 30, Felicia Joy was a high-powered executive in Corporate America making $167,000 a year. For most, that would signal success; but Joy, who was Director of Corporate Communications at the Mirant Corp, wasn’t quite fulfilled. “I felt I wasn’t using my full set of talents,” she says. “I was getting bored and I just felt like there was so much more that I could do.”

Always driven to start her own business, Joy left her position and, with her former business partner, launched a seminar company offering daylong seminars in hotel conference centers. Unfortunately, six months later, the businesses failed. “That experience shook me to my core, but it also gave me strength. It was not that I could not pursue it, but I needed to be smart about it.” Second time around, Joy decided to keep her regular paycheck while pursuing her business--becoming what she has dubbed as a “Hybrid Entrepreneur.” Since then she has been able to own and represent a diverse portfolio of companies, including Ms. CEO Media, Inc., a fast-growing media enterprise that creates actionable, inspirational content to enable women entrepreneurs to achieve their greatest potential.

In her new book Hybrid Entrepreneurship: How the Middle Class Can Beat the Slow Economy, Earn Extra Income and Reclaim the American Dream ($20, Joy Group Press), Joy shows readers how to overcome fear and self-doubt and how to get additional income that gives you the confidence in your ability to thrive through various economic conditions. Here, she offers a few tips on how you can walk the line effectively.

BLACK ENTERPRISE: What is hybrid entrepreneurship?

 Felicia Joy: Hybrid Entrepreneurship is the act of working a full time job while building a business part-time. The philosophy is that you’re going to leverage your job in a way that helps you in your business but will also help you at your job.

 How so?

Being entrepreneurial on your job (also called an intraprenuer) will help you create the skills that will help you grow your business and will help you get further in your job because you stand out as a leader. A lot of people spend a lot of time at work talking and socializing. [Instead] do your work quickly and do it well and ask for more responsibility. We are often fearful of our supervisors, our bosses, CEO’s, the leaders but they’re looking for good people, they need help thinking through those problems. A lot of times we wait to be given direction but leaders are looking for people who can help them think and strategize. For example, my natural talents and gifting are in the space of communications and more verbal so I shied away from working with numbers,  but you have to run a business by the numbers. So I also started asking for more budget responsibility and once I started managing those budgets it gave me experience in crunching the numbers; a skill-set I also used to run my business.

What does it take to be successful at hybrid entrepreneurship?

There are four steps to success. 1. Start: The world is full of people talking about what they want to do, what they should do, what they could have done, all the ideas they have but there is never any action. Just make a decision and get started. 2.  Struggle: There may be some tough times but if you commit yourself to becoming a student of your business and if you’ll commit yourself to a strong work ethic then you can get through the struggle. 3. Wise up: Learn from your mistake and do better. 4. Win: Not everyone will everyone be successful because not everyone will go all the way through the struggle. That was me the first time. I got to the struggle and felt like I couldn’t do it anymore. I quit, but it was temporarily. I recovered and went back stronger and better.

That takes a certain type of mindset.

Yes, the mentality of person who will be successful in this business is one that in the mist of turbulence and stress and what seems to be a disaster they see opportunity; that’s what I call the OOO mindset. You look for Options, Opportunity and know that you can always Overcome. Whereas a person when as soon as anything comes against them they fold and don’t see a way around or over the obstacle has an X mindset. It is important to develop within yourself that OOO mindset because even when the economy was tanking  people who were skilled entrepreneurs started looking at other options and opportunities.

How do you find those opportunities? Should you follow your passion?

No, no, no. People make the mistake of thinking that your business has to be your passion. You just need passion to build the business. Passion is definitely necessary but what passion does is gives you energy and you defiantly need energy to build a business. You have to research the trends and learn about the area that you want to start your business in. If you do want to start with what you’re passionate about write a list and research is those areas of passion are trending upward? If they are not trending upward is there a way you can put a unique spin on it and create a new opportunity? Sometimes you won’t have a unique spin on it and it just won’t fly.

Once you choose a business, what are some creative ways to fund your enterprise?

There has been an explosion of ways to be able to invest in other people’s businesses or loan to other people. This is what I refer to as being a Samaritan in the book. You can go on sites such as prosper.com and loan money to entrepreneurs in any small increment that you want or as much as $25,000.  If you know someone who wants to start a business and you want to loan them some money but you don’t just want to loan it to them directly and then have to follow up on it you can do it through prosper.com. They even have a collections function if that becomes necessary.

Looking for more tips on launching your business?  Join us at Black Enterprise's annual Entrepreneurs Conference, taking place May 22-25, 2011 in Atlanta, Georgia. Visit blackenterprise.com/ec for more details. As an incentive BE is offering you a discount on early registration: Just enter code BEDG295 and receive $200 off.

Sunday, May 1, 2011

Five Techniques To Rebound from Startup Failure

via War Room Contributors by Martin Zwilling on 5/1/11

If your first startup fails, you are about average. Most entrepreneurs fail on at least one attempt. Investors agree that an entrepreneur who has never failed probably hasn’t pushed the limits. What investors look for is not that you never fail, but that you learn from the failure, maintain a positive attitude, and work with integrity on the next one.

According to Harvey Mackay in his book “Use Your Head to Get Your Foot in the Door,” how to rebound from failure or rejection is an essential skill to acquire for success. His bullets are about job hunting, but I believe the principles apply equally well to starting a business:

  1. Analyze every failure, but never wallow in one. Failure is a condition that all of us experience. It’s our reaction to our failures that distinguishes winners from losers. A great entrepreneur is like a great racehorse. There’s no quit in them. Defeats are temporary. Heart and class are permanent.

  2. Don’t rationalize away the hurt. Don’t kid yourself and try to cover up the hurt with “My idea is just ahead of it’s time.” Don’t let your worth be defined by others. Point your head in the right direction and get back in the game. Do rethink the path, but don’t abandon the goal.

  3. Don’t walk around as if you’re wearing a scarlet letter. Whatever you do, don’t take a startup failure personally. It may indeed have nothing to do with you. We have just been through a recession, and big customers do change their mind. Self-pity has no positive applications.

  4. Start worrying when they stop considering you as a contender. Thomas Edison tried over ten thousand different experiments before he finally demonstrated the first incandescent light bulb. Henry Ford’s first two companies failed, and Bill Gates' first company, Traf-O-Data, was a failure. Failure is staying down, not falling down.

  5. Don’t give in on your values. Everyone sees themselves as honest, fair, and caring. Don’t sacrifice these values when the going gets tough to impress investors, creditors, partners, and clients. They will be disappointed, and likely not support you on your next opportunity, when you need them most.

The right approach is to focus on what you can learn from your startup failure. Here are some obvious things that should give you a competitive advantage the next time around:

  • You gain insight into the real market. Maybe there wasn’t a market. Or now you know what customers will pay (or won’t pay), and who the competitors really are. You finally understand what usability really means, or how important customer service really is.
  • You become an experienced entrepreneur. Now you know what has to be done first. You understand all the expenses that don’t get shown in a typical business plan. You understand the importance of relationships and effective communication.
  • You have built a network of key people. You know the service providers who can help you, and you know the investors that work in your territory. Most investors agree, by the way, that entrepreneurs learn more from failures than from successes. Use that in a positive way the second time around.

Overall you become a better person when you have been humbled by failure. Now it’s likely you will be more understanding, supportive, sympathetic, wise, and accepting than someone who hasn’t been there yet. Be a great entrepreneur, and move from average to your best, when things are at their worst.

Marty Zwilling

Read more posts on Startup Professionals Musings »

For the latest career news, visit War Room. Follow us on Twitter and Facebook.

Join the conversation about this story »

How To Source Quality Raw Materials For Physical Products


Sourcing is finding and evaluating the components and parts needed for goods and services. With a product based company such as my handbag company, sourcing materials would consume a lot of time, energy and funds. Raw materials would account for almost 50-70% of our costs. We spent a lot of time searching for our materials, especially leather. Because of the complexity of our designs, at times it was like looking for a needle under a haystack.

How To Source & Why Bother?

If you have a business with physical items it might not be necessary for you to source yourself. You could potentially contract with a full-service company that could source for you.  Additionally, these full-service companies negotiate with the supplier the minimums, terms of payment and make sure that the product received is exactly what was ordered.

QUICK TIP: When ordering for production, I would always ask for a TOP (top of production sample) before they started production. With a TOP sample, I wanted to make sure that the sample that I ordered for production was the same quality and consistency of the sample that I fell in love with and wanted for our line. It is a good idea to specify in your purchase order that a TOP sample must be approved by you before production starts. This may add a week or two to your schedule, but it is better to be safe than sorry.

Recently, I was consulting with a handbag company who would just purchase the leather from her factory. A production factory is not a tannery, so besides the factory charging an additional fee for sourcing leather for her, it boggled my mind because I couldn’t imagine a factory manager being the decision maker for the leather on a handbag.

She asked me how my company would source our materials and I told her that we would travel to the shows in Italy or in Asia to see the newest fabrics or leathers ourselves. It was critical for us to be on the cutting-edge of the latest trends and also we would meet with the leather vendors ourselves to establish a relationship. This was very important because in our business we could not have another competitor have the same leather we were using. So by meeting with the vendors, we were able to negotiate certain terms with them, and one of the terms we always negotiated was that if we committed to buying a large amount, we wanted that leather article to not be sold to any other handbag companies.

When raw materials are sourced, it is imperative that you look at the:

  • Selection
  • Content
  • Construction
  • Colors as well as prints and other options
  • Performance characteristics

Negotiate The Minimum

When purchasing directly from vendors you will need to negotiate with them the minimum that they expect you to buy (often just called minimums), lead times (production time), cost, delivery options and their return policies.

If there are a lot of suppliers which provide what you need, you may want to consider if you want to purchase domestically or foreign. If you are purchasing domestically, you will pay more because the product is already in your country and you will not have to worry about transportation costs or duties. With foreign sourcing, you will need to worry about those things as well as language barriers and cultural and different business practices. However, I always preferred to source overseas as I found much more selection that way.

Of course, your choice of materials will be different based on aesthetic and functional characteristics of your product, price point, expected sales volume and your business model.

Trade Shows

Instead of having to travel internationally to visit vendors if you live close to a metropolitan area, there are often trade shows at your local convention centers. There are trade shows for a variety of different industries such as textiles, apparel, home furnishing, electronics, children’s items, beauty, health and nutrition, and outdoor sports.

When shopping a trade show, the vendors expect for customers to be well-versed in the wholesale environment. I have worked trade shows and worked with customers who seemed to be newbies or didn’t seem to know the lingo of our industry. Sadly, those were customers I did not spend much time with as they would often cancel their orders next door or would just waste too much of my time on the trade show floor.

Online & Local Sourcing

If it is not convenient for you to attend a trade show, start doing your research online. There are many companies which are online now and many have uploaded their catalogs online. Of course, this does not replace seeing the actual parts in front of you, but it is a close second. If you find the pieces that you need, then you can order a sample to review. When the sample arrives and if it is not what you wanted, try again with another company. In the past when I have been unable to find what I need, I would call the vendors up and ask them if they knew where I could find a part like I needed.

Another option to source is in your hometown. Depending on the product you are making, you can often purchase from a local supplier and be able to pay a lower price or maybe even their cost price provided you purchase in volume.

In closing, I think of sourcing as cooking the perfect Italian meal. First, I have to go to the market and pick up the freshest ingredients – fresh pasta, beautiful vegetables and herbs, fresh bread and a wonderful bottle of wine. I would not send someone else to do it. I personally want to make sure the quality is amazing and that I have chosen the very best the market has to offer.

With my handbag line, I felt that we found the most unique materials consistently season after season. We sourced everywhere to bring our customers the best. If you have a product-driven company, you can either shop yourself or send someone to do it for you. It all depends on what you are having for dinner.

Christine Syquia



How To Start An Internet Business & Make Your First $1,000 Online

Get your bonus copy of my book
"How To Start An Internet Business
& Make Your First $1,000 Online"

Download Here


A Guide to Starting Your Small Business Blog

via Inc.com by on 4/29/11

You may have thought about blogging but then asked yourself, "What would I write about?" "Who would read it?" Or, "Is this the best use of my time?" If you're a business owner who already wears a hundred hats, the latter may be what keeps you from starting.

While only you can decide if it's the best use of time, there are some benefits to consider, such as demonstrating your industry expertise, putting a human face to your business, and engaging with your customers. It may even help you gain some perspective, as Slate's Matt Rodela describes in his article, "Four Ways Blogging Helped Me Start My Business."

So, if you've decided to start blogging, here are some tips.

How to Start a Small Business Blog: Find Your Voice

Before thinking about what to write, think about who you are. Even if the goal is to drive awareness for your business, your blog doesn't have to be all about your business—and it shouldn't sound like an advertisement. Whereas writing about your own company may be too limiting, writing about an industry or topic you follow might work best. You'll be writing on an ongoing basis, so make sure the theme is one that excites you and can produce more than a few posts. Make a list of the topics for your first 10 blog posts to see how quickly the ideas flow.

Once you choose a theme, think about the unique perspective you can bring to it. In her "5 Tips for How to Start and Grow a Successful Blog," Jill Fehrenbacher, CEO and founder of Inhabitat, recommends studying other blogs. Review blogs you admire, want to emulate, and/or compete against. What works? What doesn't? As she says, "The more you know what works and why, the more you can tweak your blog and shape it into an ultimate success story."

How to Start a Small Business Blog: Develop Your Style

One challenge many new bloggers face is developing a consistent style. One word to keep in mind? Authenticity. Write in a voice that's your own, and it will be both more authentic to your readers and easier for you to write.

Also, blogging isn't writing a white paper, press release, or a piece of direct mail; it's more conversational. In his article, "Top 5 Business Blogging Mistakes and How to Avoid Them," Josh Catone, features editor at Mashable, includes treating your blog like a press center, not blogging regularly, and not being conversational. He says, "It's true that blog comments can open you up to criticism, but blogging is an unparalleled opportunity to connect with your customers. You'll get a lot more out of blogging if you enable—and even encourage—your customers to respond to what you write."

Where you can, make your post "scannable." Readers want to absorb content quickly and move on. So make copy concise and break it up with subheads and bulleted or numbered lists. In terms of length, though, there is no hard and fast rule. While some writers say a lot in fewer words; others need more to cover a complex topic. Write enough to make a clear and informative point. Then wherever you can cut, do. (For more tips on style, see Guy Kawasaki's article, "British Blogging: The Elements of Guyle.")

How to Start a Small Business Blog: Choose a Format

Ever notice on blogs you read that not every post is the same? One way to keep up the ideas—and the interest—is to create some variety, which may also help you get started. Here are a few suggestions:

How To: Offer the reader simple instruction on a topic, like "How to Get Free Publicity."Lists: Present the top five, seven, or [insert number here] things the reader needs to do—or avoid, as in "3 Surprising Don'ts for Better Productivity."Point of View: Offer your opinion on recent news, or present your view on what action your readers should take, as in "3 Big Changes to Facebook: What You Need to Do."Review: Review a new book, product, or service, like this review of Guy Kawasaki's book in "Guru Review: Enchantment."Predictions: Offer your look at the year ahead or current trends, as in "What's the Future of E-mail?"Tips: Share your business insights and experiences, as in "Seek Out Less Traveled Roads." Catone, in "5 Winning Post Ideas for Your Small Business Blog," says, "It may seem counterintuitive to share your business acumen with readers who might also be your competitors, but in the long run, establishing yourself as a leader in your field among your peers will help you sell more of your product or service and lead to opportunities in the press..."Behind-the-Scenes: Letting readers know what's going on within your company can help them connect with your brand. Ben Lerer of Thrillist does this in "How I Hire and Why I Suck at It Less These Days."Case Studies: Write about a problem and how it was resolved, like Jean Chatzky does in "When Tweets Go Wrong—And How to Do It Right."Profiles or Interviews: Interview someone of interest—a mentor, another entrepreneur, a customer, an employee, or an expert—as in "Seth Godin Wants You to Poke the Box."

There are other types, of course, and not all blog posts fit squarely into one type or another. Take "6 Social Media Tips from a Smart Lawyer," which obviously offers tips, but is also a profile. Use what works best for you; don't feel restricted to one format. Your readers will appreciate the variety.

How to Start a Small Business Blog: Edit Yourself

As you get comfortable with your topics and style, you can look for ways to continue to improve your blog and build your audience. Here's a look at a few.

Headlines: These are the first impression you make, and, generally, they should be short and to the point. Give a clear idea of what the post is about or what the benefit will be for reading, such as "5 Ways to Make Review Sites Your New Best Friend." If possible, include keywords or a key phrase that will make it more likely someone will find your post with a search.

The Opening: Again, early impressions matter most, so reinforce what's in it for the reader. Your first sentence or paragraph may appear in sharing and search, so make it work. Establish your premise or credibility and how this article will help them. When Chris Brogan says in the first line of "Presentation Tune-Ups," "I've given close to a thousand presentations," you know you're getting tips from an expert. And include the keywords or phrase that sums up the point.

Make a Point: Three "Es" that help drive readership: 1. Education, 2. Entertainment, and 3. Engagement. Readers want to feel informed, amused, or connected to a topic. And in each case, your post needs to make a point, whether it's presenting a way to accomplish a task, a humorous look at a situation (done well, humor makes a point), or an argument that others can discuss and debate. Re-read your post and see if you can easily identify the point.

One last thing to keep in mind: Give it time. Don't set expectations too high, too soon. It can take a while to build your audience, so be patient. And, again, you might find that writing helps clarify your thinking around what you're trying to do. So even if you're the main reader at first, it could be worth it.

On Kickstarter, Film & Music Beat All Other Projects Put Together

via Mashable! by Brenna Ehrlich on 4/29/11


To celebrate turning two, Kickstarter has released a slew of stats detailing which projects attracted the most pledges. Film and music, it seems, are the most popular when it comes to pulling dollars.

As you can see from the above chart (via Kickstarter’s blog), film reigns supreme when it comes to raising cash (fashion and comics — not so much), garnering $19,717,790 in pledges in two years. That revelation makes sense, considering Kickstarter recently partnered with Sundance to fund up-and-coming filmmakers.

The interest in funding music is also worthy of note at $13,094,547. Kickstarter seems to have inspired a legion of fan-funded record labels and startups (such as My Major Company) that expand upon the Kickstarter model, appealing more directly to music fans.

Note: A total of $53 million was pledged, but not collected (if you’re unfamiliar with Kickstarter, campaigns only get money if they reach a set goal). Forty million dollars have been collected by successfully funded projects, and $6 million are still live (meaning pledged to still-running campaigns). So the above numbers reflect pledges, not all the distributed cash.

Do any of these stats surprise you?

Photo by Calvin Knight

More About: Film, kickstarter, music

For more Media coverage: