3 myths of starting a crowdfunding campaign

Crowdfunding isn't as simple as you imagine


BEAM Team

6 Nov, 2017

3 myths of starting a crowdfunding campaign | BEAMSTART News

- From our Sponsors -

Crowdfunding has unlocked the entrance for many new ventures that would not usually have the opportunity to kickstart at all. What many individuals fail to understand is that a successful campaign does not simply get lucky or "go viral".

Related: Get your business noticed today 

To see any signs of growth, many of us invest months, and at times, years establishing the groundwork for a major campaign. Listed below are a few crowdfunding misconceptions that should be crushed:


1. You don't need capital to start. 

Unfortunately, this is misleading. The old belief still proves to be true "you have to spend money to make money." The usual project expenditure would typically include things like photography, videography, marketing, PR and advertising and many other marketing tools and efforts.


2. You need to get press coverage by all news channels. 

Media and press wants to write about you because you have successfully raised X amount for your campaign. They could give you lots of visitor traffic but not always lots of subscribers. On the other hand, you should always make the effort to collaborate with bloggers and influencer within your niche as they have more targeted following hence increasing the number of subscribers and not only visitor traffic.


3. "It's a fantastic idea, it will do great!" 

Wrong! The best ideas need a solid game plan in order to get the word out, thus that strategy involves a lot of effort and laser targeting. You have to first determine the diverse types of subscribers who you assume will support and endorse your campaign and after that you have to find out ways to educate these people about your project.


And that's it! We hope these tips could help with kickstarting your project.

Related:

- From our Sponsors -

Latest Jobs

Principal Oil & Gas Carbon Emissions Analyst

CarbonChain

London, United Kingdom, United States

Full Time

Salary Undisclosed

Customer Success Manager

Akiflow

Padua, Italy, United States

Full Time

USD 500 — USD 1500 yearly

Entrepreneur in Residence - Singapore

Strive Math

Singapore, Singapore, United States

Internship

USD 800 — USD 1499 yearly

Head of Lending Operations

Prospa

Lagos, Nigeria, United States

Full Time

Salary Undisclosed

Software Engineer - Communications Suite

arketa

Los Angeles, CA, United States

Full Time

USD 140000 — USD 180000 yearly

Sr. DSP Engineer (Radar)

Array Labs

Palo Alto, United States

Full Time

USD 123 — USD 215 yearly

Account Executive

Boostly

Orem, UT, United States

Full Time

USD 125000 yearly

Engineering Manager

Momence

San Francisco, United States

Full Time

USD 180000 — USD 280000 yearly

Customer Success Manager

MixRank

San Francisco, United States

Full Time

Salary Undisclosed

iOS Engineer

Substack

San Francisco, United States

Full Time

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).