I decided to go with $108 as a way of putting my faith into you my backers to support this project free of limitations or restrictions and to help me define what is possible.
In my last campaign, my goal was $22,000 and we raised about $24,000 which is remarkable. During that project I had hired producers, engineers, musicians, etc. and the budget was above $50,000 for that completed album project.
For this album project I am self producing and recording the instruments and musicians in my own studio. The overhead cost of this is really my own time plus the actual cost of printing the CDs and marketing the album. Obviously, my time as a music producer/engineer and musician is valuable the same way your time is valuable. I have estimated the hours it will take to complete the project together with the hard costs and that is why my proposed budget is $20,000.
The more we raise the more opportunities we will have to produce and promote this album project to the world.