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 let your project go unseen. This is especially true during the developmental stages. You can speak about your project all you want, but it won't be nearly as effective if it lacks visual aids. If you're creating a game, for example, you might want to show off some character art or demo screenshots, both of which can raise awareness and interest for the project in question. When you offer this type of information, crowdfunding becomes more effortless.
DO promote your project as much as you can. There are many channels that you can use to promote your project. Among these are the various social media networks where millions of users gather. You'd be surprised by how much attention you can get on Facebook, Twitter and other such networks. By utilizing these platforms for promotional purposes, you can draw more attention to your crowdfunding efforts.
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 let your project go unseen. This is especially true during the developmental stages. You can speak about your project all you want, but it won't be nearly as effective if it lacks visual aids. If you're creating a game, for example, you might want to show off some character art or demo screenshots, both of which can raise awareness and interest for the project in question. When you offer this type of information, crowdfunding becomes more effortless.
DO promote your project as much as you can. There are many channels that you can use to promote your project. Among these are the various social media networks where millions of users gather. You'd be surprised by how much attention you can get on Facebook, Twitter and other such networks. By utilizing these platforms for promotional purposes, you can draw more attention to your crowdfunding efforts.
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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