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Crowdfunding Tips and Strategies

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Our crowdfunding tips will give hope to many people who are struggling to raise money for a certain purpose. It is the process of raising money from the “crowd”. Crowdfunding usually utilizes the internet to solicit financial support for certain initiatives. These initiatives can be non-profit like funding a social or non-government organization, or for a school project. The funds to be raised can also be used in commercial purposes like production, promotion, or sell of new product. Crowdfunding is also used in financing a start-up business.

Today, there are many sites on the web that offer crowdfunding. Each of these sites has its own regulations, specialties, and limitations. The success of your crowdfunding campaign is highly affected by the crowdfunding site you have chosen and using good crowdfunding tips. The sites must offer the most effective crowdfunding plans in order for you to reach your goals. Kickstarter and Indiegogo are offering the best crowdfunding platforms for the success of your campaigns. You can look at successful campaigns for more crowdfunding tips and see what they offered.

What are some good crowdfunding tips to make your campaign successful? Here are some strategies on launching an effective crowdfunding campaign.

  • Choose the right type of product or start-up business- In crowdfunding, the interest of the people or potential investors highly matters. If you want to raise a huge amount of money, make sure that a huge amount of people will also get interested with your product or business. If they are not interested with your business, you can never convince them to invest
  • Target your “Crowd”- Not everyone will be interested with your fundraising goal. As you decide what business to start, it is important that you right away determined your potential investors. You don’t have to win everybody’s support in your campaign because not everyone shares the same interest with you.
  • Pick the right crowdfunding platform- The success of your campaign is highly dependent on the crowdfunding platform you have chosen. Make sure that you platform is suited for your needs and objectives. A good platform must be appropriate for your product or business. Make sure that type of equity and rewards, and the amount of money you want to raise is achievable by the platform. Kickstarter and Indiegogo have launched several successful campaigns on varied products and businesses. These sites are proven to be reliable platform for your crowdfunding campaigns.
  • Crowdfunding is marketing- Always remember that crowdfunding is just like marketing. Plan you campaign meticulously. Make sure your designs are engaging to the public. In order for you to attract investors, your campaign must showcase the best potentials of your products or business. Convince the people that your business or product is worthy of their trust.
  • Award your donors- You owe so much to your investors. No matter how small their investment is, they still deserve a reward from you. Investing on a new product or business is a risk for investors. They deserved better than just a “congratulatory” message. You can reward your investor with a useful reward like a photo or video. You can also offer them an award of discounted price in your products. These simple rewards will mean big to your donors and can probably convince them to invest in your future projects.

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CrowdTimer Team
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