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Quickfire Tips On Successful Crowdfunding - Investment - Nairaland

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Quickfire Tips On Successful Crowdfunding by prodfit: 9:35am On Oct 17, 2016
#1 Timing is everything
Make sure ALL of your friends, family and press contacts support you fully in the first week so you reach your 30% psychological tipping point with ease. People are more like to donate to a project that already has some donations!

#2 Use personal rewards
One of the top ways to make people excited is giving them status or lasting fame as a reward in return for their donation. For example, featuring their name on the credits of a behind the scenes document or on a poster with complimenting art, or tweeting a thank you message with their name.

#3 Use influencers
Having an expert or ‘influencer’ in your field, who isn’t on your crowdfunding team, talk about your campaign (either in your campaign video or on social media) can help launch your project in a positive and meaningful way is sure to have a major impact.

#4 Use the correct social media channel
Use social media to determine where you should spread your marketing efforts in regards to your audience demographic: If your target is millennials, use Instagram and Snapchat. For women over 30, Pinterest is a key target. Or if it’s the news-hungry, workaholics, use Facebook & Linkedin.

#5 Be credible
If you can get any advocates who are well known and respected in the field of your crowdfunding campaign – have a short interview with them on the video

#6 Speak to successful crowdfunders
Speak to people who have done it before. Check any campaigns similar to your industry and send them a friendly email or follow people who followed/donated to their cause.

#7 Send weekly project updates
Create new content updates every week of the campaign. Eg videos, artwork, music, meetup, wrap party, competitions keep the energy high.

#8 Collect feedback
Collect feedback as you go along – page views, donor demographics, video playbacks – this can help shape how you promote your campaign

#9 Use short descriptions
Use short & snappy text descriptions in your pitch; make your pitch page as visual as possible

#10 Use logic & emotion
Sell with Emotion, Justify with Logic appeal to both sides of the brain!

#11 Attend A Crowdfunding Event
Attending an event with people who have successfully crowdfunded is a great opportunity to hear tips face-to-face.

Source: Hubbub

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