funding your project through crowdfunding v1.0

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Funding Your Project Through Crowdfunding

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Page 1: Funding Your Project Through Crowdfunding v1.0

Funding Your

Project Through

Crowdfunding

Page 2: Funding Your Project Through Crowdfunding v1.0
Page 3: Funding Your Project Through Crowdfunding v1.0

What is

Crowdfunding?

Page 4: Funding Your Project Through Crowdfunding v1.0
Page 5: Funding Your Project Through Crowdfunding v1.0

Types of Crowdfunding

1. Equity Based Crowdfunding

2. Property / Real Estate Crowdfunding

3. Donation Based Crowdfunding

4. Lending Based Crowdfunding

5. Reward Based Crowdfunding

Page 6: Funding Your Project Through Crowdfunding v1.0

Stats, Stats, and More Stats

• It takes 2.84 weeks to raise the first 25% of

the funding goal and 3.18 weeks for the last

25%

• Campaigns that have 4 or more external

links raise 103% more in funds

• Most commonly pledged amount is $50

• Most common time for making a pledge is

11 am

Page 7: Funding Your Project Through Crowdfunding v1.0

Success Rate Stats …

• 50% (or lower) of all projects listed are successfully funded

• Once a campaign raises over 20% of the initial funding goal, the project has an 80% chance of successfully reaching its total funding goal

• once a campaign hits 30% of its funding goal the success rate climbs to 90% (compared to only 50% after a campaign reaches the 5% mark).

• The faster the momentum is gained the better• campaigns that reach the 30% mark within the first week

have a higher rate of success.

• Campaigns that hit 30% of their target get fully funded 90% of the time

Page 8: Funding Your Project Through Crowdfunding v1.0

Crowdfunding is

storytelling with a goal.

Page 10: Funding Your Project Through Crowdfunding v1.0
Page 11: Funding Your Project Through Crowdfunding v1.0

What Size Projects Can be Funded?

Page 12: Funding Your Project Through Crowdfunding v1.0

Amount of funding pledged for projects on Kickstarter.com as of June 2015, by project category (in million U.S. dollars)

Page 13: Funding Your Project Through Crowdfunding v1.0

Why People Pledge ...

• They like you

• They’re passionate about the cause or like your story

• They are after the cool rewards

• They are spurred on by social kudos

Page 14: Funding Your Project Through Crowdfunding v1.0

Commercial World Applications

• NOT for general running costs (Must be project-based)

• Suggestions• Start-ups• Implementation of new initiatives• Leverage for grants• Lodgement of IP• Prototyping• Proof of concept trials• External skills and knowledge• Tools and equipment• App Development and Games• Marketing collateral (e.g., website) and initiatives (e.g.,

product launch)

Page 15: Funding Your Project Through Crowdfunding v1.0

Creative / Artistic Applications

• Publishing

• Recording

• Film making

• External services (e.g., editing, etc.)

• Documentaries

• Photography

• Dance

• Drama and performing arts

• Launch, exhibition and marketing

Page 17: Funding Your Project Through Crowdfunding v1.0

Charities

• Leverage off limited resources

• A point of difference – stand out

• Leverage for grants and CSR

• Newsworthiness

• Never forget the passion

• Be mindful of ‘all or nothing’

Page 19: Funding Your Project Through Crowdfunding v1.0

Community Groups

• Rotary, etc. – paying it forward

• Local sporting clubs• Equipment

• Events

• Tours and travel

• Promotion and exposure

• Local action groups

• Schools

Page 21: Funding Your Project Through Crowdfunding v1.0

Planning Your Project

1. Build your Crowd

2. Project Name

3. Tag Line

4. Project Description

5. Link to your YouTube Video

6. Logo

7. Photo Gallery

8. Funding Target

9. Funding Timeframe

10.Rewards

Page 22: Funding Your Project Through Crowdfunding v1.0

Breaking down bigger projects

• Size of campaign is relevant to your networks

• Bite sizes pieces are more likely to ‘get up’

• Success breeds success!

Page 23: Funding Your Project Through Crowdfunding v1.0

Things in Common of Successful Projects

• An existing audience

• A solid idea and sellable vision for the product or service

• Careful pre-planning and preparation, including budget

• A strong presentation, ideally coupled with high production videos

• An appealing reward structure to the project’s audience

• Ongoing outreach to backers

• Effective social media, marketing and PR strategies

Page 25: Funding Your Project Through Crowdfunding v1.0

Getting the

Best Results

Page 26: Funding Your Project Through Crowdfunding v1.0

Here’s a Dramatic

Question for You …

Page 27: Funding Your Project Through Crowdfunding v1.0

Create

Emotional Content

Appeal to Human Emotions

Page 29: Funding Your Project Through Crowdfunding v1.0

Create

CREDIBILITY &

TRUST

Trust is built on Credibility.

Page 30: Funding Your Project Through Crowdfunding v1.0

Sell the Sizzle!

Page 32: Funding Your Project Through Crowdfunding v1.0

Be Consistent

across all platforms.

Page 33: Funding Your Project Through Crowdfunding v1.0

Join us

in developing

this project

with a contribution

so together

we can make

something

magnificent.

Page 34: Funding Your Project Through Crowdfunding v1.0

Thank You

Any Questions ???

Please share a

video testimonial.