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How Can You Get Others to Invest in Your Comic? (Part II)

By gamalhennessyCommunity • Oct 8, 2020 0


Last week, we started talking about finding outside investment for your comic (See How Can You Get Others to Invest in Your Comic?) I’m going to finish off the list of different types of outside investment this week, but keep in mind we’ll go more in-depth in on this list during our free comic book financing webinar on October 29th.

1. HELOC
a. Description: A Home Equity Line of Credit Loans (HELOC) is a loan that provides a line of credit using your home as collateral . The amount of money available to you depends on the amount of equity you have in your home and your credit rating.

b. Advantages:
i. HELOCs are similar to credit cards in that you only pay interest on...

How Can You Get Others to Invest in Your Comic?

By gamalhennessyCommunity • Oct 1, 2020 0


After you figure out how much you can invest in your comic (See my earlier posts on self-financing), you may find that you don’t have enough to fully fund your publishing based on your initial budget. That’s when it’s time to go out into the world and find more money.

Before we go into details about getting investors and the different types of investment, we should understand that in many cases, it is very difficult to convince anyone to invest money in an untested comic book idea. The three economic realities of comic publishing we discussed earlier reduce the risk tolerance of most potential investors to the point where your offer isn’t attractive to them. From...

What Factors Should You Consider When Investing Your Money in Your Comic?

By gamalhennessyCommunity • Sep 25, 2020 2


Tony Stark money isn’t the same as Peter Parker money. Different people have access to different levels and sources of personal finances. Each circumstance has unique advantages, disadvantages, and factors to think about in relation to your comic. As you review these self-financing options, keeping mind that these are broad overviews of complex financial instruments and they shouldn’t be used without understanding the risks and rewards. (See What are the Risks and Rewards of Financing Your Own Comic?)

1. Savings
a. Description: This is the money you already have in the bank. It could come from money you save over time, tax refunds, or selling Vibranium on the black...
Owl

Owl 1 year ago

The first line is perfect. You made me smile.

gamalhennessy

gamalhennessy admin 1 year ago

It's an analogy that comic creators understand intuitively. ;-)

What Are the Risks and Rewards of Financing Your Own Comic Book Publishing?

By gamalhennessyCommunity • Sep 17, 2020 0


So far this month, we’ve taken a look at the three economic realities of comic book publishing and the basics for creating a comic book budget. Now that you have an idea of how much money your comic needs before the idea can become a reality, the next logical question is “where will the money come from?”

In general, there are two sources of money: your money and someone else’s money. Let’s look at your potential as an investment source first, before we go reaching into someone else’s pocket.

What Are the Advantages of Investing Your Money to Make a Comic?

It is not unusual for an independent publisher to dip into their own pockets to publish their comic....

What Are the Economic Realities of Publishing Your Comic?

By gamalhennessyCommunity • Sep 3, 2020 0

Now that the summer is over, we’re going to shift gears away from marketing and discuss another facet of comic book publishing that doesn’t get much attention. We’re going to spend the next few weeks discussing how you can pay to get your comic out into the world. But any discussion about financing comic book publishing has to begin with a disclaimer:

What you are going to read in the next few weeks isn’t financial advice and or legal advice. These are concepts you can consider when deciding if and how to fund your project, but before you do anything concerning money, consult your financial advisor. You should also speak to anyone in your life who might be relying...