How to Improve your Crowdfunding Campaign

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Crowdfunding has become a widely popular tool for nonprofits and startups to utilize in raising capital for their organizations. Through online marketing, many of these individuals are able to leverage social media platforms in order to build a strong and collective support through family members, friends, businesses, and other people willing to help you reach your financial goals. Unlike traditional approaches where you would need to pitch an overall business plan and strategies to a limited yet wealthy pool of investors and institutions, crowdfunding sites allows organizations to meet their financial goals in an easy and timely manner.  

As great as these sites are, it is important that you are able to create a strong and marketable platform for your users. Just creating a site and writing a few sentences is not enough to gain traction, let alone for a nonprofit organization. Think about the brand of your organization. Ask yourself what you want them to take away when they see your organization’s profile page. These overarching questions will allow you frame your crowdfunding site in a more engaging way. Just because you are not meeting with these people does not mean you cannot engage with them on an emotional level.

To help you with this, I have tailored four vital tips in improving your crowdfunding campaigns. Be sure to optimize these areas.

Image Friendly and Interface Layout

When it comes to the landing page of your crowdfunding site, you want to make sure you have a combination of strong and attractive images and background color that brands the mission and identity of your nonprofit organization. Make sure your images are high quality and representative of what you want to showcase. In addition, be cautious of using extreme colors. You want to make sure the overall interface with your crowdfunding profile is easy on the eye. This will keep potential donors more on your page.

Featured Media

To establish a stronger emotional appeal, try creating a multimedia video presentation. Stay between the two-to-five minute marker. This will allow your viewers to understand your nonprofits goals and what they can do to help. In addition, try and play to the emotional side of your organization. People tend to donate mostly because of sentiment and connection than to the overall program itself.

The Balance of Information

On your page, you want to make sure you meet a balance of the amount of content you are putting on your page. First and foremost, you are still selling a pitch. Make sure your language is tailored in having your visitors ‘donate.’ Also provide a strong background of your organization and its mission. Lastly, make sure they understand where the money is going. Many donors have a sense of pride knowing they are giving to an organization that can help benefit the lives of other people. Showcase what you plan to do and how their efforts will help impact an individual. This type of emotional appeal can make a huge difference later on in reaching your fundraising goals.

Social Media Marketing

Remember, these campaigns require a strong amount of marketing effort on your end. Make sure you feature your crowdfunding campaign throughout a variety of social media platforms. Understand that some will allow for better viewing and traffic. Try and leverage Facebook and Twitter since both have a high concentration of engagement for these particular campaigns. Lastly, make sure you schedule this multiple times with a new message. The more organic and sincere you are, the better.

Crowdfunding: Leveraging the Digital World

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One of the biggest hurdles many people find themselves when starting a project or fundraising for an idea is the financial capital to get them on the right path. Financial funding plays a large portion in the life and death of certain products. It is essentially how the world operates. But how can you find the funding if everything you had was invested in your product? How can you possibly establish yourself if you can’t even find the capital to finance your goals? The answer is simple; try crowdfunding.

Crowdfunding, also known as crowdsourcing, has become incredibly popular in the news and social media. Many startup companies, inventions, and even non-profit organizations have utilized this strategy to help increase their capital for their business. But what exactly is it?

By definition, crowdfunding is the practice of financially funding a project or venture through small amounts of donations from a large number of people, typically through the Internet. Think of this as online fundraising. For crowdfunding, there are two basic models. The first model is known as the rewards-based crowdfunding model. Rewards-based crowdfunding is where people can pre-purchase a product, buy various rewards, or simply donate to the company. For this concept, the donors are simply helping the cause. In comparison to rewards-based crowdfunding, the second model, equity crowdfunding, looks for donors to become shareholders in a company. In equity crowdfunding, a company will often sell ownership takes online to require the necessary funds to make them operational and profitable for the future.

Because of crowdfunding, many industries were able to grow exponentially over the past few years. In addition, crowdfunding sites were able to raise billions of capital for various campaigns such as charities, social impacts, consumer packaged goods, innovative inventions, games, startup companies, and much more. Without these sites, many modern ideas would not have made it to our homes.

Below, you will find some of the best crowdfunding sites to help aid you on your journey. Remember make your presence strong when you’re online. Donors want to know what they are investing in. Tell your story. Be strong and appealing. The best way to succeed with these sites is making your story appeal to people. Be empathetic, strong, and confident.

Kickstarter

Kickstarter is one of the major crowdfunding sites to date. The service itself gets a lot of media attention. Kickstarter helps a variety of people is a range of interest. On this crowdfunding site, you can find artist, musicians, filmmakers, designers, charities, and consumer packaged goods that are trying to establish themselves in their congested markets. The one great thing about Kickstarter is that it is incredibly user friendly. In addition, no financial transactions are changed until time runs out or the project is fully funded. One thing to keep in mind is that Kickstarter takes 5% off the top and the rest goes to the inventor or creator to the campaign.

Indiegogo

Indiegogo is one of the first and largest global fundraising sites that help individuals, businesses, and nonprofits raise money online. It allows people to activate their global community with their user-friendly dashboard. It has been estimated that over nine million people from all around the world visits Indiegogo on a monthly basis. Things to keep in mind are that the site takes 4% off the top of your fundraising if you reach your funding goal. In addition, the site offers reward-base crowdfunding encouraging creators and developers to offer perks for the community to help fundraise their projects.

Quirky

Quirky is a crowdfunding site mainly meant for inventors and gadgets. The site itself has an excellent track record. The one upside to this is that the process of presenting your idea to the Quirky community is a bit more involved than the other sites. For you to create a campaign, you need to submit your idea to the Quirky community so that they can weigh in on whether or not the idea is financially and successfully tangible. The positive is that the Quirky community is incredibly active and engaged to build, develop, and produce ideas. Pricing is also on a sliding scale meaning that people who get in early can get lower prices. Last but not least, Quirky and manufacture the product in-house.

DonorsChoose

For those looking to help aid and donate to the education sector, take a look into DonorsChoose. DonorsChoose is a nonprofit organization that allows individuals to donate directly to teachers and their classrooms. This can vary from classroom projects, class trips or class resources to better aid the future leaders of tomorrow.

Rockethub

Rockethub is another large online crowdfunding platform. It users usually include a variety of people from music, business, science, arts, fashion, startups, and nonprofits. Rockethub combines a traditional crowdfunding site where individuals can promote and raise for financial capital in addition to larger sponsors such as corporate businesses and organizations that want to donate to a specific sector. The service itself takes out a 4% cut from the amount raised and is incredibly user friendly.