Today, let’s talk about crowdfunding.
I’m sure most, if not all of you are familiar with what crowdfunding is. Over the past few years, several sites have appeared, giving variety and choice to anyone looking to raise funds through the generosity of the public at large.
Simply put, crowdfunding consists of an idea that is posted on a crowdfunding site with the intention of raising funds through connections, connections of connections, and the public at large. Sounds simple, right?
In theory, yes it is. However, just like every other form of marketing, planning and appropriate strategy around the delivery of your project is crucial to your success or your failure.
I actually had a different topic plan for today, but was asked to check out a crowdfunding venture for a friend of mine on Indigogo. At first glance, the project seemed to have followed a plan for execution. But, unfortunately, I believe the project has executed itself before it really got off the ground. Read more