In this presentation, you will learn about crowdfunding and how it can benefit your business and community.
Suzanne Paschall is Editor in Chief and Owner of Indie Ink Publishing in Saskatoon, has been experimenting with crowdfunding to mitigate risk, improve the cash flow of book production, and to build advanced marketing buzz and audience for indie authors and their books. To date, Indie Ink has launched two campaigns for their Spring 2013 titles: The New Rockstar Philosophy and Eating Myself Crazy.
In this presentation, participants will learn:
* what is crowdfunding and what it can achieve your business or community
* the three most common and legal types of crowdfunding
examples of crowdfunding in Saskatchewan
* lessons learned in launching a crowdfunding campaign
Special guest speaker, Suzanne Paschall is a member of the National Crowdfunding Association of Canada and a local ambassador for the NCFA.
SEDA members can access the full webinar recording here: http://owl.li/ob2n6
4. What is Crowdfunding?
⢠What it ISNâT:
â crowdSOURCING
â Only âdonationsâ
â EASY
â Only for short-term gain
â Only for financial gain
â Only for business
7. Examples of Who CF Can HelpâŚ
Crowdfunding is ideal when youâreâŚ
â˘Entrepreneur
â˘Community organization
â˘Individual artist/inventor
â˘Charity
â˘An individual seeking support for a personal
venture
8. Types of Crowdfunding: Charitable
⢠Registered charities
⢠Broader reach
⢠Ease of show & tell
⢠Transparency
⢠Donation targeting
⢠Tax receipting
⢠Low administrative fees
9. Saskatchewan Charitable
Campaign Example: SES
⢠Production of video on
tar sands development
in Saskatchewan
⢠Touring costs for 4
northern community
presentations
⢠Raised $5K
⢠Found corporate
sponsor
13. Success Components of Campaign
⢠Phases/Steps
⢠Creative/various rewards
⢠Includes content/creative
crowdsourcing (design)
⢠Engages: voting!
⢠Builds for long-term buy-
in: usage!
⢠Creates buzz &
EXPECTATION
⢠Promo for business
14. Types of Crowdfunding:
Rewards-Based
⢠Create products/services to pre-sell
⢠Fulfill after the campaign is over
⢠Cash flow management strategy
⢠Risk mitigation strategy
⢠Fan engagement
⢠Building marketing buzz
16. Rockstar ResultsâŚ
⢠Exceeded Goal
⢠Eliminated our up-front
cash flow/risk issues
⢠Built buzz for launch
⢠Built email list
⢠Created new
products/services
⢠Post-campaign
advertising
⢠Media interest
17. Types of Crowdfunding:
Equity-Based
⢠Has up to recently been illegal in Canada & US
⢠US JOBS Act legislation (1/13) making legal in US
⢠Legislation in Ontario/Saskatchewan this summer
making some forms legal
⢠Will allow individuals to invest in companies, with
some limitations
⢠Will allow companies to offer investment options,
with limitations
⢠Huge growth area in CF
19. Top 10 Lessons Learned orâŚ
Things I Wish Someone Had Told
Me Before My First Campaign
1. PICK PLATFORM CAREFULLY
2. REALLY PLAN
3. HAVE LAUNCH EVENT
4. GET ADVANCE $
5. ENGAGE CORE (and I donât mean abs)
6. DO REGULAR VIDEO UPDATES
7. TAG YOUâRE IT!
8. SET GOAL CAREFULLY
9. SET CAMPAIGN LENGTH CAREFULLY
10. REWARDS VARIETY
20. Crowdfunding Info Resources
GENERAL
â˘National Crowdfunding Asssociation of Canada www.ncfacanada.org
â˘Indiegogo (crowdfunding portal platform) www.indiegogo.com
â˘Kickstarter (crowdfunding portal platform) www.kickstarter.com
EQUITY CROWDFUNDING
â˘FCAA â Saskatchewan Equity CF White Paper
â˘Ontario Securities Commission White Paper
â˘US Equity CF Article
â˘http://www.inc.com/articles/201112/why-the-crowdfunding-legislation-is-good-for-
startups.html
VERTICAL PORTAL EXAMPLES
â˘See the entire current list at the NCFA Canadian Crowdfunding Director
21. Q&A
Please send your questions via the Chat or
Question widget on your dashboard.