July 01, 2013 02:45pm
Crowdfunding for Adult Entertainment
Source: Vegas 411
by: Company Press Release
(LAS VEGAS, NV) -- The masterminds behind the Social Media Powerhouse, PornStarTweet.com, announced today the official launch of their new crowdfunding website FanFund.XXX (http://fanfund.XXX). FanFund.XXX is an Adult Entertainment focused Crowdfunding platform specifically designed for use within the industry, with the active participation of fans, to fund projects from personal appearances to big-budget productions.
Fan-funded projects typically occur in conjunction with direct-to-fan marketing. Fans of adult entertainment have the option to donate and collectively raise money with the goal of jump-starting a project. Contributing fans are typically given rewards based on their monetary contributions. FanFund.XXX is officially accepting applications for Fan Funded campaigns from established or would-be Porn Stars, Directors, Producers, Toy Manufacturers and Production companies. Fanfund.XXX was developed for newcomers and veterans to source financial capital to fund development and production of imaginative new ideas and concepts -- all from fans.
FanFund.XXX costs nothing to submit a campaign for approval and has some unique features including the option for "All or Nothing" or "Flexible" campaigns allowing projects to get off the ground even if they miss their funding target by a little. FanFund.XXX receives a mere 7% of funded projects (plus credit card processing fee of 2.9%). "All or Nothing" campaigns falling short of their target funding have zero cost.
As part of the launch, the first 10 approved campaigns submitted, approved and funded will be only be charged for credit card processing fee.
"Like many start-up companies we have had some amazing ideas over the years; but not the capital to develop them," said Pete Housley CEO of Porn Star Tweet. "Adult Entertainment has been swiftly been 'shown the door' in the Crowdfunding arena because of the narrow minded thinking of companies like Kickstarter. FanFund.XXX is designed to 'Kick Start' newcomers or provide capital to industry veterans to expand and grow. What's more is this is an awesome opportunity for fans to get involved and fund projects that they want to see."
A key component to successful crowdfunding platforms is Social Media. Most fan funding services require the campaign owner to exclusively leverage their own fan base, but FanFund.XXX through a tight integration with Porn Star Tweet, and the other 16 sites in the Naughty Tweet Network,will expose projects to more than 750,000 of the most engaged consumers in the adult entertainment industry.
As a first example and model project Porn Star Tweet has put forth the first approved campaign entitled "Restore the 1962 Porn Star Tweet Trailer" (http://fanfund.XXX/campaigns/restore-the-porn-star-tweet-trailer/) the goal of which is a restoration of the now landmark Porn Star Tweet Trailer. Also underway is a campaign for Streamate #1 Cam Model, Paige Little, looking to expand her technical infrastructure to include a new HD multi-cam function from Streamate (http://fanfund.XXX/campaigns/HD-multi-cam-with-paige-little/).
"Our 15 Billion Dollar a year business needs an infusion of new ideas to continue to thrive and we developed and priced FanFund.XXX to the benefit of the industry as a whole," said TJ Little (@TJ_Little), Coo for Naughty Tweet, who will lead the FanFund.XXX project. "If you're part of the Adult Entertainment industry and looking for funding, even if it's five hundred dollars to get a plane ticket to Exxxotica, or the entire budget for film production -- FanFund.XXX is a resource that is at your disposal at no cost if the project doesn't get funded -- so you can only gain exposure and capital."
To submit a campaign: http://fanfund.XXX/start-a-campaign/
About the Naughty Tweet Network
The Naughty Tweet Network operates a series of websites focused on Social Media in the Adult Industry it boasts more than 750,000 followers on Twitter and follows the daily lives of more than 5000 real life Adult Stars through all aspects of Social Media. The Naughty Tweet Network also owns and operates newly acquired News and Gossip site Tattle.XXX. Unique sponsorship and advertising opportunities are available throughout the Naughty Tweet Network, for more information contact Denise Kraft firstname.lastname@example.org