5 Proven Ways to Attract More Contributions to Your Crowdfunding Campaign | Entrepreneur (2024)

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So, you have taken the bold step of crowdfunding your project. You may be an artist who wants to fund a project that's important to you personally but not supported by traditional sources of distribution. Or maybe you're an entrepreneur with a product you believe can be the next Pebble SmartWatch or Flow Hive that hasn't yet been endorsed by angel investors or venture capitalists.

Related: Crowdfunding Nearly Tripled Last Year, Becoming a $16 Billion Industry

How do you take your idea from the drawing board to your audience and enlist support to turn your project into reality?

Here are five proven ways to attract more contributions to your crowdfunding campaign on any platform:

1. Figure out who your audience will be, prior to launch.

This might sound obvious, but you'd be surprised at how little people know about their ideal contributor. Most people advise you to start off by asking friends and family and connections on social media sites. However, to be effective, you have to go way beyond that.

The number of people you know is extremely limited. So, your first task for obtaining the contributions your project needs to succeed is to identify whom this project matters to and the best way to communicate with those people. If your category is specialized, find out which online blog, magazine and/or trade publications the industry is reading. These can give you insight into how your potential contributors consume information..

2. Nail down an emotional message and stick to it.

Focus on provoking an emotional response and drill away. Emotional messaging goes far beyond asking for money. You are providing your potential contributors with an opportunity to participate in a unique journey that will result in the success of a project important to both of you.

If you succeed in getting your audience to trust you as a leader in producing what they want and are already passionate about, you'll be on the road to a successful campaign. Pinpoint the proper messaging for your "call to action" and rally your audience behind you. Then, create the proper rewards and experience to foster loyalty and passion.

Related: 4 Tips to Set You Up for Crowdfunding Success

3. Develop the best content possible and constantly update your community about it.

Buzzfeed's Jonathan Perelman said it best: "Content is king, but distribution is queen and she wears the pants." Of course your platform of choice will help distribute the contents of your campaign, but what's the point if it's not worth consuming? Make your campaign as entertaining as possible and you will find that people are much more likely to contribute. They are also more likely to contribute if you involve them.

Make sure all contributors know that they are with you on this journey, from idea to completion. Create a recursive feedback loop that provides input for product innovation and further rewards. Offer an incentive for audience members to share this content with their friends so that more people hear about what you are doing and why it is important for them to support the project.

4. Identify any "super-fans" and harness their power.

Fifty percent of the funding dollars contributed to most campaigns come from this small group of people. This is the group that cares about the campaign's outcome the most and will support it with their dollars as well as their personal social networks, on and offline. Let them be your evangelists, but be prepared to reward them for their unyielding support.

5. Focus on backers, not dollars.

This means staying away from talking about money, and focusing on telling backers how the success of your campaign is going to benefit them. The dollars will come if you focus on helping this group understand what they're getting out of the completed project and how they can help build the community that will result in you reaching your goal.

Remember, these are the people behind evangelizing the campaign. They believe in you and are proud of the project. They will vote with their dollars. But, more importantly, they will communicate the importance of your campaign to their personal networks, which will result in the other half of the contributions you receive. Offer special incentives/rewards each time a backer milestone has been exceeded.

Related: Why Venture Capitalists Are Turning to Crowdfunding

5 Proven Ways to Attract More Contributions to Your Crowdfunding Campaign | Entrepreneur (2024)

FAQs

5 Proven Ways to Attract More Contributions to Your Crowdfunding Campaign | Entrepreneur? ›

By understanding your audience, crafting compelling stories, leveraging social media, collaborating with influencers, incorporating gamification, and engaging supporters, you pave the way for your online fundraising platform to go viral.

How do you get people to donate to your crowdfunding campaign? ›

Crowdfunding: 11 Elements of a Successful Crowdfunding Campaign
  1. Frontload your campaign. ...
  2. Tell a great story. ...
  3. Make a great video. ...
  4. Look professional from all angles. ...
  5. Be detailed and specific. ...
  6. Reward your backers for the risk they are taking. ...
  7. Offer multiple price points. ...
  8. Spread the word.

How to reach more people with crowdfunding? ›

Bring Out the Crowd in Crowdfunding: A Guide to Growing Your Campaign Audience
  1. Leverage your network. Never underestimate the power of the people you already know. ...
  2. Build a landing page. Every campaign has a story — this is where you tell yours. ...
  3. Reach out over email. ...
  4. Use social media. ...
  5. Contact the press. ...
  6. Host events.

How to plan a successful crowdfunding campaign? ›

12 tips on running a successful crowdfunding campaign
  1. Choose the right crowdfunding platform. ...
  2. Include your LinkedIn and social media. ...
  3. Get backers before your campaign goes live. ...
  4. Leverage your network. ...
  5. Eliminate potential risks. ...
  6. Tell about yourself. ...
  7. Support other projects. ...
  8. Create a great story and accompany it with a video.
Nov 21, 2023

How to make a crowdfunding campaign go viral? ›

By understanding your audience, crafting compelling stories, leveraging social media, collaborating with influencers, incorporating gamification, and engaging supporters, you pave the way for your online fundraising platform to go viral.

How to convince people for crowdfunding? ›

Tell a story

So, make sure that your pitch is different. Start your pitch with a story. For example, if you are raising funds to build a school for the underprivileged girls, you can describe the hardships faced by the girls. Tell the donors how their contributions can empower them to pursue their dreams.

How to market your crowdfunding campaign? ›

  1. First things first and that's funding. ...
  2. Use a reservation funnel to build your pre-launch email list. ...
  3. Connect with Influencers. ...
  4. Build an incentive program using Kickbooster. ...
  5. Consistently post organic content on scroll-feed social platforms. ...
  6. Use paid advertising to drive traffic to the campaign.
Mar 28, 2023

What is an example of a successful crowdfunding campaign? ›

Doorvest is the homeownership investment platform that ran one of the most successful equity crowdfunding campaigns on Wefunder in 2023. With over $5 mln raised from 574 investors, the platform has demonstrated that the interest of people in purchasing a share in real estate is growing.

What was the most successful crowdfunding campaign of all time? ›

This article uses bare URLs, which are uninformative and vulnerable to link rot.
RankProjectAmount raised
1EOS$4,100,000,000 (7.12 million ETH)
2Star Citizen$714,097,952+
3Filecoin$257,000,000
4Tezos$232,000,000
46 more rows

What is the biggest challenge in creating a successful crowdfunding campaign? ›

The most significant challenge in creating a successful crowdfunding campaign is generating genuine interest and building trust with potential backers.

How to get crowd funded? ›

Describe your project or idea, why you want funds, and how much you're hoping to raise. If it's a rewards-based platform, list what backers will get. For an equity-based platform you'll need to state what the equity stake is and the share price – if it can be determined. The pitch phase can require a lot of work.

What are the success factors of crowdfunding? ›

Our results have shown that crowdfunding success depends on a collection of significant factors, which include fundraiser's human capital, project location, team size, investor's experience, project quality and the interactivity on the crowdfunding platform.

What are the elements of successful crowdfunding campaigns? ›

7 Must-Have Elements for a Successful Crowdfunding Campaign
  • A Solid Prototype. It's an unwritten rule: ...
  • An Engaging Pitch Video. ...
  • A Compelling Story. ...
  • Clear, Detailed Product Description. ...
  • Credible Team Presentation. ...
  • Realistic Goals and Timelines. ...
  • Attractive Rewards and Pledge Levels.
Oct 26, 2023

How to successfully kickstart? ›

The Anatomy of a Winning Kickstarter Campaign
  1. A clear and concise project description. ...
  2. A realistic and achievable funding goal. ...
  3. An engaging and visually appealing campaign page: ...
  4. A well-structured and persuasive rewards system: ...
  5. An effective marketing and promotion strategy:
Mar 19, 2024

How do you get people to donate to your GoFundMe? ›

Aside from telling people about your fundraiser by word-of-mouth, you can copy and paste your fundraiser link to people via text or email. Take advantage of social media platforms like TikTok, Nextdoor, and Instagram to promote your fundraiser. Create a fundraiser hashtag so others can easily follow your story.

How to get crowd source funding? ›

Describe your project or idea, why you want funds, and how much you're hoping to raise. If it's a rewards-based platform, list what backers will get. For an equity-based platform you'll need to state what the equity stake is and the share price – if it can be determined. The pitch phase can require a lot of work.

How do you get people to give you money for charity? ›

But these 10 steps will help you make lots of small improvements to your charity supporter journey.
  1. Tell compelling stories. ...
  2. Present impact clearly. ...
  3. Run campaigns. ...
  4. Use real images. ...
  5. Provide social proof. ...
  6. Make a prominent donate link. ...
  7. Branded donation process. ...
  8. Donation packaging.

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