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 know what you're raising money for. In order to successfully crowdfund, you must know what you're doing it for. There are many goals associated with this endeavor, according to the likes of Bob Jain, and some are easier to reach than others. Everything from inventions to games is covered under this umbrella. If you don't have an idea of what you're trying to accomplish, don't expect to see results.
DON'T simply speak about your project. You must be able to offer visuals so that the general public has a better understanding of what you're working toward. For example, if you're developing a game, show the progress. Offer rough sketches or even demo shots so that people have a general understanding of what the final product will look like. The more visual evidence you provide, the better your crowdfunding efforts will become.
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 forget to exercise patience. One of the most notable characteristics of any crowdfunding effort is that it takes time to build interest. What this means is that if you expect to hit your goal overnight, you'll be disappointed. Instead, allow the project to run its course, obtaining funds and support in the process. By being patient, provided your idea is interesting enough to support, your crowdfunding efforts will be nothing short of remarkable.
DO know what you're raising money for. In order to successfully crowdfund, you must know what you're doing it for. There are many goals associated with this endeavor, according to the likes of Bob Jain, and some are easier to reach than others. Everything from inventions to games is covered under this umbrella. If you don't have an idea of what you're trying to accomplish, don't expect to see results.
DON'T simply speak about your project. You must be able to offer visuals so that the general public has a better understanding of what you're working toward. For example, if you're developing a game, show the progress. Offer rough sketches or even demo shots so that people have a general understanding of what the final product will look like. The more visual evidence you provide, the better your crowdfunding efforts will become.
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 forget to exercise patience. One of the most notable characteristics of any crowdfunding effort is that it takes time to build interest. What this means is that if you expect to hit your goal overnight, you'll be disappointed. Instead, allow the project to run its course, obtaining funds and support in the process. By being patient, provided your idea is interesting enough to support, your crowdfunding efforts will be nothing short of remarkable.
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