Robert C. Osborne, Jr., Principal, The Osborne Group, Inc.
If you go to any crowdfunding platform and search past the featured projects on the home page you’ll see that many, if not most of these projects are well behind in their goals. Sometimes it is because the project
isn’t a very compelling one, sometimes it is because the media associated with project isn’t very well done, and sometimes it’s because the rewards aren’t well thought out. But I would argue that in almost all cases the real underlying reason for lack of success is a lack of planning.
Here are some tips for successful crowdfunding:
If you build it they will NOT come – If you simply throw up a crowd funding project on IndieGoGo or some other crowdfunding website and hope that people will stumble across it and give, you are in for disappointment. This pretty much never happens. You need to drive people to your project and this takes a little thought and planning.
Think through your media – Having good pictures and video for your crowdfunding campaign is critical. Take the time to think through what your messages are. Remember that you want to talk about future impact. What will be different in the world tomorrow because I gave money to your project today? Read more »