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Keys to Hacking Your
Crowdfunding Campaign
Kate Drane
Senior Director of Midwestern Outreach
drane@indiegogo.com | @katedrane
3
What is crowdfunding?
The collective effort of
individuals who network and
pool their money, usually via the
internet, to support efforts
initiated by other people
or organizations.
4
Who is Indiegogo?
5
Why Crowdfund?
•  Validate market
•  Capture data
•  Interact with
customers
•  Identify influencers
•  Raise money
6
Global
•  200K+ campaigns from
224 countries/territories
•  5 currencies
•  4 languages
•  People: DE, UK, CA, AU
•  Offices: NY, SF, LA
Open
•  Entrepreneurial,
creative and cause
campaigns
•  No application/
approval
•  Merit-based
Customer Focused
•  Customer Happiness 24-
hour response time
•  Numerous educational
materials
•  Flexible & Fixed funding
Why Indiegogo?
7
Why crowdfund hardware with Indiegogo?
•  Open to all categories – not afraid of security, health tech, baby or
even adult; and the rules don’t change!
•  Test market early (or late) – CAD designs not required so less
competitive information shared; post-production campaigns welcome
•  Capture loads of data – our dashboard shows you where your activity
comes from so you can tailor accordingly
•  Interact with customers – contributions, not pledges means you know
who is contributing (referrals); and money can be in the bank today
(PayPal)
•  Have flexibility – Come from nearly anywhere in the world, flexible
funding option, add/hide perks, offer multiple units, etc.
•  Raise more money – we give you the tools to be successful, and then
we use our resources to amplify your campaign
8
Keys to running a
successful campaign:
•  Pitch
•  Perks
•  Promotion
Let’s do this!
Pitch
10
“Green Bar Effect”
People want to give to
successful projects.
…“Who eats in empty restaurants?”
Goal: Higher Goal Doesn’t Mean More Money!
11
And they keep on giving!
•  87% of campaigns
that hit their goal
exceed it – by 30%+
12
13
•  Answer the who, what, when,
where, why, and how
•  Keep it under 3 minutes
•  Include a strong call to action
•  Show use use cases
•  Show off your team
Honesty, Transparency,
Authenticity….Brevity!!
Pitch Video: Quickey
14
Pitch Text: Luuv
•  Plan your real estate
•  Show your project/product
•  Tell more, sell more
•  Use infographics
•  Address any doubt upfront
Perks
16
Perks
•  What are perks?
•  Do I need them?
•  Do they matter?
17
Perks
•  Physical goods
•  Digital goods
•  Experiences
•  Access
•  Recognition
18
Perks can create:
•  Passion
•  Pride
•  Participation
•  Campaigns with perks raise
143% more money!
•  70% of successful campaigns
offer 5-8 perks
•  $25 is the most popular price!
•  Limited quantities create
demand
•  Perks launched later build
excitement
19
Personal Focus Group
•  Price Point
•  Bundling
•  Features
•  Market reach
•  Brand evangelists
20
Do you want
an activity
tracker?
How would
you use it?
Misfit Shine
21
$846,675
7,957 funders from 85 countries
…30% wanted a bracelet
or a necklace	
  
22
Perk Tactics
•  Targeted Discounts
•  Upselling
•  Partial Buys
•  Participation
•  Referrals
23
Perk Fulfillment
•  Do the math on perk
pricing
(your time counts)
•  Know how you’ll fulfill
10 and 10,000 units
•  Research international
shipping
Promotion
25
•  Team
Campaigns with a team raise
339% more than campaigns that
run solo
•  Inner Circle
Friends, family, people
passionate about the project
Pre-Launch
26
•  Only one chance at a first
impression
•  Utilize a soft launch, 30%
inner circle
•  Build out a team
•  Have a schedule; wait on
press!
Don’t leave your
campaign to chance!
Pre-Launch
27
Launch
•  Run your campaign 21-45 days
•  Launch on a Monday or Tuesday
•  Email brings 20% more $$ than other channel
•  Social media accounts for 22% of contributions
•  Reach out to press, bloggers and do live events
28
Live: Don’t Get Discouraged
Almost always a “dumbbell effect” – contributions weighted
heavily at beginning and end of campaign.
29
Live
•  Send updates
•  Celebrate milestones
•  B-roll from video
•  New perks
•  Maximize social media
•  Tweetchats, Thunderclap
•  Contests
•  Referral
30
Campaigns that send at
least 3 updates raise 239%
more than those that post
fewer
But don’t spam your
friends!
Live
31
Campaign Completion
Finishing Strong
•  Update frequently until deadline
After deadline
•  Customer Service
•  Use your campaign for
marketing
•  Thank your contributors
•  Become part of the Indiegogo
community!
32
Indiegogo is here for YOU!
Hardware Handbook: Specialized tips
http://landing.indiegogo.com/hardwarehandbook/
Blog: Insights, tips and ideas:
https:/go.indiegogo.com/blog/
Indiegogo.com: View successful campaigns:
http://indiegogo.com/explore/
Help Center: answers to specific questions:
http://support.indiegogo.com/hc/en-us
Additional Questions?
Customer Happiness Team is here!
support@indiegogo.com
33
Together Do Anything.
Name Kate Drane
Senior Director of Chicago Outreach
drane@indiegogo.com | @katedrane

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Keys to hacking crowdfunding

  • 1. © Copyright Indiegogo. All rights reserved... Keys to Hacking Your Crowdfunding Campaign Kate Drane Senior Director of Midwestern Outreach drane@indiegogo.com | @katedrane
  • 2.
  • 3. 3 What is crowdfunding? The collective effort of individuals who network and pool their money, usually via the internet, to support efforts initiated by other people or organizations.
  • 5. 5 Why Crowdfund? •  Validate market •  Capture data •  Interact with customers •  Identify influencers •  Raise money
  • 6. 6 Global •  200K+ campaigns from 224 countries/territories •  5 currencies •  4 languages •  People: DE, UK, CA, AU •  Offices: NY, SF, LA Open •  Entrepreneurial, creative and cause campaigns •  No application/ approval •  Merit-based Customer Focused •  Customer Happiness 24- hour response time •  Numerous educational materials •  Flexible & Fixed funding Why Indiegogo?
  • 7. 7 Why crowdfund hardware with Indiegogo? •  Open to all categories – not afraid of security, health tech, baby or even adult; and the rules don’t change! •  Test market early (or late) – CAD designs not required so less competitive information shared; post-production campaigns welcome •  Capture loads of data – our dashboard shows you where your activity comes from so you can tailor accordingly •  Interact with customers – contributions, not pledges means you know who is contributing (referrals); and money can be in the bank today (PayPal) •  Have flexibility – Come from nearly anywhere in the world, flexible funding option, add/hide perks, offer multiple units, etc. •  Raise more money – we give you the tools to be successful, and then we use our resources to amplify your campaign
  • 8. 8 Keys to running a successful campaign: •  Pitch •  Perks •  Promotion Let’s do this!
  • 10. 10 “Green Bar Effect” People want to give to successful projects. …“Who eats in empty restaurants?” Goal: Higher Goal Doesn’t Mean More Money!
  • 11. 11 And they keep on giving! •  87% of campaigns that hit their goal exceed it – by 30%+
  • 12. 12
  • 13. 13 •  Answer the who, what, when, where, why, and how •  Keep it under 3 minutes •  Include a strong call to action •  Show use use cases •  Show off your team Honesty, Transparency, Authenticity….Brevity!! Pitch Video: Quickey
  • 14. 14 Pitch Text: Luuv •  Plan your real estate •  Show your project/product •  Tell more, sell more •  Use infographics •  Address any doubt upfront
  • 15. Perks
  • 16. 16 Perks •  What are perks? •  Do I need them? •  Do they matter?
  • 17. 17 Perks •  Physical goods •  Digital goods •  Experiences •  Access •  Recognition
  • 18. 18 Perks can create: •  Passion •  Pride •  Participation •  Campaigns with perks raise 143% more money! •  70% of successful campaigns offer 5-8 perks •  $25 is the most popular price! •  Limited quantities create demand •  Perks launched later build excitement
  • 19. 19 Personal Focus Group •  Price Point •  Bundling •  Features •  Market reach •  Brand evangelists
  • 20. 20 Do you want an activity tracker? How would you use it? Misfit Shine
  • 21. 21 $846,675 7,957 funders from 85 countries …30% wanted a bracelet or a necklace  
  • 22. 22 Perk Tactics •  Targeted Discounts •  Upselling •  Partial Buys •  Participation •  Referrals
  • 23. 23 Perk Fulfillment •  Do the math on perk pricing (your time counts) •  Know how you’ll fulfill 10 and 10,000 units •  Research international shipping
  • 25. 25 •  Team Campaigns with a team raise 339% more than campaigns that run solo •  Inner Circle Friends, family, people passionate about the project Pre-Launch
  • 26. 26 •  Only one chance at a first impression •  Utilize a soft launch, 30% inner circle •  Build out a team •  Have a schedule; wait on press! Don’t leave your campaign to chance! Pre-Launch
  • 27. 27 Launch •  Run your campaign 21-45 days •  Launch on a Monday or Tuesday •  Email brings 20% more $$ than other channel •  Social media accounts for 22% of contributions •  Reach out to press, bloggers and do live events
  • 28. 28 Live: Don’t Get Discouraged Almost always a “dumbbell effect” – contributions weighted heavily at beginning and end of campaign.
  • 29. 29 Live •  Send updates •  Celebrate milestones •  B-roll from video •  New perks •  Maximize social media •  Tweetchats, Thunderclap •  Contests •  Referral
  • 30. 30 Campaigns that send at least 3 updates raise 239% more than those that post fewer But don’t spam your friends! Live
  • 31. 31 Campaign Completion Finishing Strong •  Update frequently until deadline After deadline •  Customer Service •  Use your campaign for marketing •  Thank your contributors •  Become part of the Indiegogo community!
  • 32. 32 Indiegogo is here for YOU! Hardware Handbook: Specialized tips http://landing.indiegogo.com/hardwarehandbook/ Blog: Insights, tips and ideas: https:/go.indiegogo.com/blog/ Indiegogo.com: View successful campaigns: http://indiegogo.com/explore/ Help Center: answers to specific questions: http://support.indiegogo.com/hc/en-us Additional Questions? Customer Happiness Team is here! support@indiegogo.com
  • 33. 33 Together Do Anything. Name Kate Drane Senior Director of Chicago Outreach drane@indiegogo.com | @katedrane