Successful Crowdfunding Campaigns
Not sure how to succeed with rewards-based crowdfunding?
While for some entrepreneurs crowdfunding can be a viable option, but you do need to do your due diligence so you can decide if this business funding strategy is best suited for your business.
I’m sure you’ll agree there’s no shortage of sites on the internet for raising money, but the reality is none of them tell you how to actually do it so you can be successful.
Well, the good news is the mystery of crowdfunding success ends today. In this post you will learn how to prepare for success with rewards-based crowdfunding BEFORE you actually launch a campaign.
Whether you use rewards-based crowdfunding platforms such as Kickstarter, Indiegogo, or RocketHub; if you’re looking for investors, you need to first prepare and perfect your campaign before you use one of those crowdfunding platforms.
The only platform built specifically for testing crowdfunding campaigns is by a company called Wazgo. Wazgo is a platform that’s free to use where you can practice your pitch, get your goals right, and test your rewards.
So how does it work? It’s simple, Wazgo enables you to:
Perfect Your Pitch – create your pitch and put it on Wazgo so your friends and family can view it and give you feedback. An awesome pitch is crucial to landing investors so concentrate on your value proposition. Picking your target audience and successfully communicating your value specifically to them is half the battle.
Test the Market – a key part of any successful crowdfunding campaign is the rewards offered to investors. Wazgo allow you to get feedback from your friends and family so you can perfect your rewards package before going live.
Get Your Initial Backers – at Wazgo you can line up your initial funding (pre pledges), so you can jump start your campaign on launch day. Having a surge of investors on day one is a great way to create momentum for your campaign.
So why do you need to do this?
I’m sure you’ve seen all the buzz and hype about crowdfunding and some of the incredible success stories but it’s not as easy as throwing a campaign together, launching it and getting funded. Of approximately 60,000 unsuccessful crowdfunding projects, close to 40,000 failed to reach even 20% of their funding goal.
Did you know successful crowdfunding campaigns that met their funding goals had 30% of their funding lined up BEFORE going live on a crowdfunding site? Wazgo is where you can practice your pitch with your close friends and family, line up your 20-30% in pre pledges, and test the market before going live on a crowdfunding site.
With the help of a crowdfunding expert like Wazgo, entrepreneurs can create their campaign, test it, gather support, and quickly get to the business of making their dream become a reality.
Remember, preparation is the key, so why not prepare and learn from the crowdfunding experts at Wazgo.
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To Your Success In Business and in Life!
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About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’,’American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’.