Crowdfunding is the process by which money is earned due to the support of numerous individuals. While this practice has been done in many venues, it's most common online these days, as evidenced by such sites as Kickstarter and Patreon. If you're going to crowdfund for an upcoming project, there are a few things to be aware of. Here are some useful do's & don'ts that Robert Jain can provide.
DO have a solid idea in mind. Before you even begin raising money, you have to establish what you're raising money for. Are you trying to create a new invention that will benefit the lives of others? Is your goal to develop a video game that others can support early on? These are just a few examples, but an idea is imperative to the crowdfunding process. Names like Bob Jain would be hard-pressed to disagree.
DON'T forget that visual aids matter. Let's say that, for the sake of argument, that your goal is to create a novel. You don't want to simply speak about the novel in question; you'll want to offer visuals so that people know what they're supporting. Showcasing the cover art or illustrations can go a long way in terms of creating interest. The more that you offer, in terms of visuals, the better your crowdfunding campaign will perform.
DO advertise your project on different platforms. There are quite a few ways to draw attention to your crowdfunding project, but the truth remains that advertising is vital. Social media platforms like Twitter and Facebook are ideal. You may also want to use traditional methods if your project has more of a local focus in mind. If you advertise your project early on, you'll be able to maximize the amount of support that you ultimately benefit from.
DON'T become impatient if growth is slow. Despite some of the success stories on the Internet, not all crowdfunding efforts generate overnight success. For most people, it can take a number of weeks until the financial goal is met. Don't let slow results bring you down, as these are normal in the world of crowdfunding. Patience goes a long way, so continue to work hard and don't stray from the goal in front of you.
DO have a solid idea in mind. Before you even begin raising money, you have to establish what you're raising money for. Are you trying to create a new invention that will benefit the lives of others? Is your goal to develop a video game that others can support early on? These are just a few examples, but an idea is imperative to the crowdfunding process. Names like Bob Jain would be hard-pressed to disagree.
DON'T forget that visual aids matter. Let's say that, for the sake of argument, that your goal is to create a novel. You don't want to simply speak about the novel in question; you'll want to offer visuals so that people know what they're supporting. Showcasing the cover art or illustrations can go a long way in terms of creating interest. The more that you offer, in terms of visuals, the better your crowdfunding campaign will perform.
DO advertise your project on different platforms. There are quite a few ways to draw attention to your crowdfunding project, but the truth remains that advertising is vital. Social media platforms like Twitter and Facebook are ideal. You may also want to use traditional methods if your project has more of a local focus in mind. If you advertise your project early on, you'll be able to maximize the amount of support that you ultimately benefit from.
DON'T become impatient if growth is slow. Despite some of the success stories on the Internet, not all crowdfunding efforts generate overnight success. For most people, it can take a number of weeks until the financial goal is met. Don't let slow results bring you down, as these are normal in the world of crowdfunding. Patience goes a long way, so continue to work hard and don't stray from the goal in front of you.
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