Advice & Tips (24)

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Crowdfunding campaigns, when run well, can seem effortless, almost magical, if you’re watching from afar. Seeing the money and backers pile up, especially in the last phase of a campaign, can be breathtaking, when everyone is hugging and high-fiving.

However, crowdfunding is not a walk in the park. Unless that park is covered with broken glass. And a lion ate your shoes at the entrance gate. And he is now chasing you.

There is anxiety, especially during that famous mid-campaign plateau. There are sleepless nights, when instead of counting fluffy sheep you’re counting all of your Facebook friends who haven’t contributed yet. And don’t forget about the obsessive-compulsive “refreshing” of your campaign page to see if there are any new backers. Yes, crowdfunding can be stressful, but if you do the proper prep work — and create the right relationships on social media — crowdfunding can be full of great joy and excitement.

Below are some important tips before kicking off your crowdfunding campiagn.

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Tips From Indiegogo’s CEO On How To Succeed When Crowdfunding

I love huntin’ through data to find the weird little trends; it’s how you learn how things actually work. I also really, really dig the concept of crowdfunding. Put the two together, and you’ve got my attention.

During a chat with John Biggs at last years at Disrupt Europe, Indiegogo CEO Slava Rubin dropped a rapid fire stream of knowledge. If you’re considering doing any sort of crowdsourcing campaign, this is probably stuff you should know.

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Successful Crowdfunding is there a way to learn how to do it right? Hundreds of campaigners have approached us for advice, so here are three important lessons for success with crowdfunding.

1. Do your research

We put a tremendous amount of time into researching best practices for successful crowdfunding. We read articles on websites and eBooks by successful campaigners, listen to podcasts and interviews from successful crowdfunding campaigners.

Friday, 09 May 2014 00:00

8 Top Tips for Crowdfunding - fundedflow

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Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money.

Until recently, financing a business, project or venture involved asking a few people for large sums of money. Crowdfunding switches this idea around, using the internet to talk to thousands – if not millions – of potential funders. Typically, those seeking funds will set up a profile of their project on a website such as those run by our members. They can then use social media, alongside traditional networks of friends, family and work aquaintances, to raise money. There are three different types of crowdfunding: donation, debt and equity.

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Do you need to raise funds to get your idea off the ground?

You’ve got a brilliant business idea, but your bank lacks your vision. (Or perhaps you lack the collateral.)

Maybe you reached out to friends and family, but you know they lost their shirts when your brother-in-law’s salmon-flavored energy drink flopped. Is this the death of your nascent business?

Wednesday, 23 April 2014 00:00

How Much Should Startup Founders Pay Themselves?

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When a startup gets handed that first big check, how much of that can they dedicate to their own livelihoods?
From the media you would belive that founders of every tech startup thats been funded are all millionaires and billionaires. But thats not allways true.

Wednesday, 16 April 2014 00:00

7 Tips To Bootstrap Your Startup

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Most entrepreneurs dream of taking an idea and turning it into a successful company, but that takes time and capital investment. Most startups don’t get funded by venture capital or angel investors; the money often comes from your savings, credit cards or friends. Because initial cash flow may be tight, you need to keep your budget realistic in order to stretch every dollar. That's where bootstrapping comes in.

Sunday, 13 April 2014 00:00

Top Tips For Using Video In Crowdfunding

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Crowdfunding campaigns with video are more likely to attract and raise funds than campaigns without video. People are conditioned to respond to television commercials and stories they can relate to emotionally and from a multimedia perspective.

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1. Set Aside Enough Time

Campaigns can be very short (as short as a day!) or stretch out over two or three months, but fundedflow, Kickstarter and other crowdfunding platforms suggests that 30-90 days is the perfect length for a campaign.

That said, for a considerably-sized campaign of $30,000 and above, you might want to plan to spend at least one month ahead of time preparing. Then, once the campaign begins, set aside four to five hours a day to run and manage it. The biggest mistake you could make is to go live expecting money to pour in on its own. Fundraising takes time, and effort to make it work.

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Starting up a new venture and crowdfunding campign means you are going to need to make some noize in the market! To do this as a startup you also need to let the media know about your new venture. We've gathered 20+ sites that will help you with getting your press release out in the world for free and help promote your crowdfunding project!

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