Well it has been a long time since I started exploring crowdfunding ideas as I myself was hoping to inspire or rather, inspire OTHERS about my journey through a successful crowdfunding campaign to help get me into New York Film School. Well, guess what? It finally happened! I used the simple crowdfunding campaign called GoFundMe to help secure the funds I needed! 3380 Euros were raised in just a month!
From my mum to my friends, to all their friends and beyond. This is how viral social media marketing works at its best, in order to help somebody pursue their dreams! You cannot imagine all of the success stories of families trying to get medical bills covered they could not before, or a business startup idea that needed just a little bit of leverage to get going, to MY DREAM OF FILM SCHOOL!
One of the neatest stories that came out recently had some New Zealand ties and it is one that means you better get your tissue out. Infertility or adoption fees are now a big push in the crowdfunding arena, and you can read about this couples amazing journey here
The funds I have received are in order to covers my flight costs, a deposit on the flat I am sharing with another new student, and just enough funds to get my through the first month until I get a job while studying! Never give up on your dreams and follow my blog to see how things go for me and I will also keep sharing insights into crowdfunding around the world!.
I’ve been going on and on about crowdfunding in my previous posts, so I thought I should just advice you that even though crowd funding is a super way to raise much needed capital needed for your start up, it will require some thought like knowing which type of crowdfunding will be suited to your project. Certainly if your company’s resources are stretched to the limit, crowdsourcing and play an important role with your content marketing for instance. It is important to research some projects similar to yours and look at the platforms they did well on. For instance we all know that Kickstarter is a popular crowdfunding sites, but you need to discover that there are drawbacks to using it such as their being no marketing help.
Crowdfunding opens up a new world of opportunity to startups, opening up chances for capital to flow into a startups. This has benefits all round as new companies mean new job opportunities. If you’re a start up in New Zealand, there are open-format websites which educate the public on the topic of crowdsourcing, offering plenty of crowdsourcing resources and guides. I’ll say it again – creative crowdsourcing is a very useful tool and because content marketing is about people increasingly sharing online, it is important, if not critical to maintain fresh content to maintain sharing of ideas
Its the fact that so many businesses are battling to stay afloat that has made crowdfunding being seen as a lifeline. Some businesses are unfamiliar to crowdfunding and are not yet aware of the benefits. The way it works for a small business is that the business creates a profile of their products and services for instance, and through a video they reach hosts of readers. On the video they will offer a reward for a donation. The thing with crowdfunding is that its actually not all about funding, though that is the most important part.
Your business can also gain some visibility, more so if you consider some media coverage such as a including a feature on your business in a popular local newspaper for instance. Crowdsourcing- or funding shouldn’t just be seen as a means for asking for handouts. You’ll need to make use of email distribution lists and social media to reach your goals.
You can’t forget that you are actually getting funding from your fans around the globe. Your project or product should be so appealing to like minded people that instead of more or less begging for a loan, you’re connecting with people who love what you offer and are forthcoming with donations.
You’ve just got to remember that with crowdfunding you’re actually reducing business risks too because Crowdfunding is actually a way to test the market to see if the product you want to sell has got what it takes and if people are willing to part with their money in exchange for your innovative offerings.
Crowdfunding is becoming popular choice as financial choice. Businesses around the world are following in the footsteps of others. In this post we will try to examine the concept and how it helped build companies which have been sold to social networking giants. Here are a few crowdfunding campaign success stories.
- Ouya – Ideas poured in so did the dollars for this game console company. The open-source company raised an amazing $8.5 million in less than 30 days.
- The Pebble E-Paper watch – The most successful of all the crowdfunding campaigns. Pebble offered a unique offering a smart watch and were able to raise more than $10 million in 37 days. The campaign was also an education as Pebble failed to deliver its promise. They could deliver the product only after 10 months went by.
- Oculus Rift – A crowdfunded company which offers a virtual reality headset for gamers. It was a raging success with great potential. Facebook saw the potential and acquired by Facebook. These famous buyers lend a helping hand to the crowdfunding concept.
- 3Doodler– A 3D printing pen that allows lets you draw in three dimensions. The drawings are stable and solidify later to a real structure. The idea was so popular that break-even was reached in less than a year.
- Scanadu Scout – The device developed monitored vital body signals like temperature, respiration and stress and delivered a report on your smart phone. In a few months major companies were part of the crowdfunding for this technology.
Crowdfunding as a concept has helped the ideas on a large-scale. With the concept coming in great ideas which would have been in hibernation came out in the open.Ferratum also supports few of the crowdfunding campaigns with their simple cash products.You can read about it all here.
After several posts, I thought of again going into the roots of crowdfunding. Every day I get more and more readers, and as well does the blog grow, even more does the popularity of crowdfunding.
Before, even some years ago, when someone needed money to finance a project or idea, the only available options would have been to ask for a credit, sell a property or ask someone to lend him some money. Nowadays, there exist new options to help you afford the creation and beginning of your new project and bring it to life.
Crowdfunding is a new way of externalizing different tasks that were traditionally performed by an employee or contractor. This is now carried out by a group of people, who can know each other or not, and a community. All of this is about an open calling, asking human beings to support and finance a specific cause.
Some of this “Open Source” projects promise their financiers specific goals and/or results. It is by this means that money is raised, under the commitment of getting a specific amount of money to be able to run and execute a project with specific results already planned.
According to one specialist, crowdfunding is based on the idea that wealthy people trust individuals rich in ideas, and they work together and therefore make they come true.
If you’re ever looking for money for a project you’re passionate about or something else you need some serious funding for, crowdfunding via social media is typically a great way to go. With sites like Kickstarter, Patreon and GoFundMe, people can pitch their ideas and find like-minded people who will financially support the project. Here are three reasons to consider crowdfunding.
1: You’re pitching to your peers and not necessarily to a group of investors. While you can add incentives to entice people to donate, you don’t need to promise them a return on the money. These are regular people just like you.
2: It’s easy to reach goals if your project goes viral on social media. If it takes off on platforms like Facebook and YouTube, you’ll not only meet your goals but also exceed them. Anita Sarkeesian was looking for a few thousand dollars to start her FeministFrequency video series and got almost 200k!
3: You’ll pick up fans along the way. You’ll find people who like your project and want to be a part of it, so not only are you gathering initial funding, you’re also building your brand.
These are just three of the many reason to consider crowdfunding.
Well, according to an article I found in New Zealand alone there are thirty-three Kickstarter projects going on right now! This is exciting news for me!
Since I had this dream since I was a young boy, there are loads of my family and mates that would help share the crowdfunding campaign.
But I need to really find out how much money it will require of me to get to New York City and add that to the costs of the air travel, the food, basic other supplies to help me survive the first month before I can for sure find a part-time job!
Oh my goodness, I’m excited just typing this out!
The Kickstarter Economy is a phrase that has been coined by many, and based on how many startups are bypassing venture capital and getting people, REAL PEOPLE, to help buy into and support their dream or vision is amazing!
So with this economic slowdown and banks becoming very leery of lending to anyone, much less a chap like me, technology is allowing anyone in the world with a clear idea of what they want, to RAISE FUNDS!
Next I’ll be working on my budget and let you know if I’ve been accepted, and began the process of seeing how this new economic boon that is “crowdfunding” can help me achieve my dream of being a filmmaker.