Pozible sets up ongoing subscriptions for musicians and others from supporters

Australian crowdfunding platform Pozible has set up a new revenue service, allowing creators to now accept ongoing subscriptions from supporters in return for rewards.

Says the company, “it makes funding easier for those with open-ended projects, especially the likes of podcasters, musicians and writers.”

The new feature is also an essential tool for games developers.

Creatives can set up their own profile, and run both open-ended and goal-orientated campaigns.

Subscriptions are expected to alleviate the deadline stresses that come from single campaigns, first to reach the target, and then to provide the donation prizes within a set time.

Pozible is holding a workshop on Wednesday, December 5 from 6.30 to 8.30 pm to explain how to get the best out of the subscription feature.

It is at its headquarters at Level 2, 108-112 Langridge Street, Collingwood in Melbourne.

Would-be and current campaigners will also get tips on the best ways to market their campaign, where to aim, the essential need for promotion, and how to approach the project with confidence.

Pozible launched in Sydney in May 2010 under the name Fundbreak by Alan Crabbe and Rick Chen.

The name change came after operations moved to Melbourne.

Pozible now has offices in China, the US and Singapore and helped creators raise over A$62 million in pledges for 14,905 plus projects.

Average campaign length is 42.5 days

The Australian company claims a success rate of 56% while competitors as Kickstarter and IndieGoGo are between 30% to 40%.

Music is the second most popular of campaigns after films.

For more information head to the official website.