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MenuWhat are the best practices for promotion offers on Kickstarter?
I have a Kickstarter Project and now people are messaging me about proportions. Should I work with them?
https://www.kickstarter.com/projects/274279410/the-easy-shmeezy-guide-to-spanish
Answers
Yea, not really a great option. Most of them want real money for "sharing" your project with "this list or that group, etc." and really aren't promising cash on the barrelhead.
Crowdfunding is hard work. Period. The bigger the email list you have of people that "KNOW, LIKE & TRUST YOU" the better you will do, if you can muster the gumption to reach out to them. Did I mention it is hard work? {grin}
Having said that, I built a planner from my efforts based on a number of successes (going back 5+ years starting with raising $2K for a startup idea) and of course a few failures. I am willing to share of my insights.
Schedule a call and let us chat.
P.S. My latest effort (last month) raised 250% of goal: $25K.
Absolutely yes, you should work with active campaigns on both Kickstarter and Indiegogo to cross promote each other. Cross promotions were one of the best ways to expose our project to new audiences (we did two campaigns totalling $1.2 million across Kickstarter, Indiegogo, and BackerKit). For our most recent campaign, we raised an additional $1800 that we wouldn't have raised otherwise. We only worked with campaigns who were willing to promote our campaign as well, and agreed to do it for free. For the best results, we only partnered with campaigns that had a similar level of funding and quantity of backers. For example, if we had $100K in funding and 800 backers, we didn't work with anyone with less than $10K in funding and <50 backers. You want to be picky with the campaigns you promote to your backers list; you've earned the trust of your backers since they've paid money to your campaign, and you don't want to refer them to projects that are not fully funded, or look sketchy.
Email marketing is a great way to tease your upcoming launch to new and existing contacts who have shown interest in your product. Be sure to email your contacts with important campaign milestones too. Bitly provides great stats, including how many clicks your link gets and where they are coming from. Create your profile on the top networks.
You can read more here: https://enventyspartners.com/blog/10-ways-to-maximize-your-kickstarter-marketing-strategy/
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
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For a company in its beta phase, what advice / tactics would you suggest to launch a successful crowdfunding campaign?
Starting crowdfunding while in beta is good - you already passed part of the way. So for backers it is less risky to support you. When I've started my project - the only real option was KickStarter. Now it is the same because only KickStarter has "blockbuster" effect - huge paying audience. On KickStarter you'll collect at least ten times more if to compare to #2 IndieGoGo. Sure if your project will pass KickStarter moderation. But it is worth trying. Giveaways, in my opinion, is always better: you test your production chain & keep full control over your business. Also the product is the core of your business and improving your product will lead to higher valuation. If you have community - try to make it bigger & tell your followers about your crowdfunding plans so they prepare to back you when funding starts. If there is no community - start to build one. Also prepair press kits & at least 10 updates (when 30-50-75-100-150-200% of goal reached, explaining functions of your product etc.), make spreadsheet with press (also include communities related to your project) contact details, check your project category on the selected crowdfunding platform for projects related with yours (for future cross promotion). Hiring expert is pretty useless, I think. Calls on clarity.fm will work better as you not tied to one person and may get more opinions, probably, for the same price. And it is not so much information in the net about crowdfunding to lost in it. All you need (considering you already have great product) is: 1. good project page (which means video + photos + text) 2. good work with press (not so much may be done: press kit + send it over the contacts you have - the result is related to kit quality and amount of contacts) 3. some ways to utilize KickStarter organic traffic (that's "30% rule" & crosspromotion - these ways generally don't cost a penny and both work great for me and 2 more projects I've mentored). Call me for details - I'll be happy to help.SK
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Any opinions on raising money on Indiegogo for an app?
Apps are difficult to fund on IndieGoGo as few are successful, and we rarely take them on as clients. Websites like http://appsfunder.com/ are made for that very reason, but again, difficult to build enough of a following willing to pay top dollar for an app that could very well be free, already existing in the marketplace. A site that is gaining more traction you may want to look into would be http://appsplit.com/. Again, Appsplit Is Crowdfunding For Apps specifically.RM
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I'd need to understand a bit more about your business, but I suspect one answer is to work toward getting an accounts receivable-based credit line. Amazon is a good company that pays it's bills. Lenders will either loan against the Amazon receivables or buy them from you at a discount. This approach is expensive but if cash flow is your issue, worth exploring.CY
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Is it foolish to post a Kickstarter campaign for a SaaS that is primarily for businesses (not consumer oriented)?
It's not foolish, but it's going to be extremely hard to pull it off. I would consider starting with a beta program so you can have some paid clients to pay for the company's expenses. After you have some traction, you can raise a seed round.RD
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