Crowdfunding can be a great way to fund your next project, but if you do it wrong it can be a huge waste of time. Here are 3 tips to make your future project a crowdfunding success:
1) Pick the right goal. It’s better to choose a reachable goal and succeed than to fall short of a high goal. Some platforms won’t let you keep any money if you fall short. Don’t set your goal too low, most of the funding will come on the final stretch before the time runs out.
2) Have distinct prize tiers. Most donors will donate between $1 and $5, so the reward for the $10 donation should be attractive enough for people to donate more, and so on for each tier value.
3) Send targeted emails to your backers. Keep your fans engaged and hyped to spread the news or donate more money. Send them simple thank you messages, a notification of new prizes, or a reminder that your campaign is coming to an end and how close you are.
Promoting a crowdsourcing campaign is a lot like promoting an album. The more hype you build around its release, the better will do. Crowdfunding, on the other hand, makes it easy for you to promote your campaign with its own built in functions.
Learn more about promoting your music here at www.promolta.com
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