Recommended Best Practices for NonDē Finance-Thinking
- Expand the realm of your fundraising/distribution ideas beyond the individual film to include:
- Your long term career
- Beyond your career into bettering the collective ecosystem
- General Rules Ted has tried to follow:
- Pay it forward
- Protect the ecosystem
- Do no harm
- Provide transparency
- Always have a bias for action — try things out and see how they work
- Momentum is one of your greatest gifts/assets that you have
- You will benefit from having strong plans, you’ll also harm yourself by delaying to get things right, so have a bias for action rather than perfection.
Generating the Audience (& Investors, Donors, etc.)
- CREATIVE GENERATION is key to generating the audience and will play into your financing strategy
- If you have a consistent cadence of production, it gives the audience confidence and trust in you as an artist/entrepreneur
- A consistence cadence of release helps you in your fundraising
- The general question “What are you working on next?” is almost impossible to answer quickly enough as an individual filmmaker, but something you can meet with a coalition
- ie. NonDē 50 Films Project!
- In this era of creating audiences — to transition them into your community/collaborators, the work you release to them and how you release it can help generate trust & confidence in you. Everything you release is adding to the overall story you’re telling.
How to Generate Trust/Confidence in Your Audience
- Remember, you’re in the culture industry
- Audiences want to see the artist, present yourself as yourself
- A newsletter is a record of who you are — this can help grow trust/confidence over time
- Everyone has a tell, if you’re being inauthentic to yourself, we know
- During distribution, the beating heart of it is the combination of two things that serve each other —
- Ask “How do I keep this conversation going?” after someone watches the film;
- Recognize/embrace the goal of growing the community at large
- During fundraising: include the goal into your financing to recognize/embrace growing community
- When someone hears that you’re attuned to their needs and you’re trying to provide for that, that’s how you grow their investment.
The Wisdom of Slow and Long
- The wisdom of slow and long (true in financing and in distribution): when you have an opportunity to slow it down and stay engaged, it has lifted the quality of the work and increased opportunities
- Slow and long is actually conducive to life management!!
- Also more conducive to allowing for the unexpected