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Strategies: 7 keys to crowdfunding success

" 1. Have the right type of product or business.  A large number of people must be able to understand your idea easily. Consumer, food, consumer electronics , and fashion products are particularly well suited to this. 2. Create a compelling video.  Most people will want to hear your story, see who you are and see prototypes of your product. 3. Raise sufficient funds.  On some crowdsourcing platforms, you don’t receive any money until you raise your total goal. This means you want to set an achievable fund-raising target. But you may not be able to go back for additional rounds or raise more than your target, so make sure you set the bar high enough to execute your vision. 4. Choose the right crowdfunding platform.  Make sure the site you choose meets your particular needs, including the right type of product or service, the type of rewards or equity you can give, the amount of money you can raise and the amount you need to raise before receiving anythin...

7 Strategies For Launching A Successful Crowdfunding Campaign

7 Strategies For Launching A Successful Crowdfunding Campaign 1.  Tell your story.  - Critical. 2.  Provide value for value. - Important. Include social value . 3.  Introduce scarcity. - (I disagree.) 4.  Create a marketing event. - This helps... 5.  Highlight examples of social proof.  - show social return..... 6.  Build credibility and legitimacy. - This should be second.... 7.  Interact with your supporters.  - Crowdfunding is all about the crowd... http://www.forbes.com/sites/theyec/2013/04/17/7-strategies-for-launching-a-successful-crowdfunding-campaign/ Related articles Piggybackr Launches Its 'Kickstarter For Kids' To Let Youth Get In On The Crowdfunding Wave Crowdfunding Expected to Drive Alternative Financing Market to More than $150 Billion by End of Year 2015 Bake Sale 2.0: PledgeCents Launches A Crowdfunding Platform To Help Underfunded Schools Raise Money New Crowdfunding Platform Rewards Creative ...