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Crowdfunding direction I need help!!!

Discussion in 'Making Money' started by purple42, Feb 19, 2013.

  1. purple42

    purple42 Newbie

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    Ok I'm apologizing in advance. My minds all over the place so bear with me. I purchased a crowd funding website a while back with the intention of using it to allow people anywhere to invest in and own shares of a business. Well the JOBS act didn't go in the direction I thought so now I have a website for crowdfunding that im not to sure how to monetize it. Yes I know you make a profit off the crowdfunding projects but its hard to get people to use a brand new site. Its even harder to get a buzz out of it. So instead of doing business investing I went and focused more on the apparel and accessory side of it. Then I realized you need a huge buzz just to get people to use your crowdfunding website. Im still in the crawling stages and Im trying to figure this out. I was thinking of a few ways to turn this situation around.

    A) Partner with an SEO company and give them 30% of the profit from each successfully crowdfunded project.

    B) Find affiliates and pay them 30% of the profit from each successfully crowdfunded project but im not too sure of how to even go about setting up an affiliate program or getting affiliates.

    C) Finding a partner in sort of a jv sense and pay them a percentage from every successfully funded project that came in.

    I really dont know what direction to go in but usually when I creep around on the pages here I see good advice so I figured I would ask for some. Do any of those sound like good ideas? I'm kinda at my wits end on this one. Any advice or help would be greatly appreciated. Thanks for taking the time out to read this and I look forward to your responses. Any help is good help at this point.
     
  2. SavyCon

    SavyCon Regular Member

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    There are quite a few crowdfunded sites, and several niches to explore. For accessories, I know that Teespring.com has been doing amazing in the crowdfunded t-shirt space. They create custom apparel and don't create any costs until it is all sold (think Kickstarter for T-Shirts) For other niches, the JOBS act allows things such as https://thefundersclub.com/ & https://wefunder.com/ which allows investments into startup companies. Also, Kiva creates crowdfunding for microloans. There are literally thousands of microniches that can be explored. What niche do you love, and where you feel that crowdfunding can disrupt the niche? Are you capable of scaling up the operation once it gains traction? I think if you can answer those questions by going out there and asking them, I think that will help gain traction. If you're interested, TeeSpring did a really interesting article on their growth recently: http://www.readysetstartup.com/it-entrepreneur-teespring/
     
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  3. Casey101

    Casey101 Junior Member Premium Member

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    I may be completely missing the point, or I may not be, but with the growth in the number of crowdfunding sites there are bound to be people looking for consultants who can help people manage listings. If you aren't sure what to do with this site, that might be an angle for you. I hope that helps a bit!
     
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  4. purple42

    purple42 Newbie

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    At savycon I will look into micro niches maybe I need to go back to the drawing board. Because I have the crowdfunding platform website just not too sure what to do with it I guess. At Casey101 that sounds like a good idea too maybe I can add a directory to help others if my site doesn't fit the category there looking for. Thanks for all your help. Advice from someone on the outside looking in can sometimes be the best advice to get.
     
  5. Casey101

    Casey101 Junior Member Premium Member

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    Sure thing! Glad to help! Feel free to PM me if you want to do any more brainstorming.
     
  6. calebmann

    calebmann Power Member Premium Member

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    That type of site only works if you have big money to advertise it
     
  7. purple42

    purple42 Newbie

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    At calebmann yeah im learning the hard way.
     
  8. SavyCon

    SavyCon Regular Member

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    As Casey101 said, feel free to PM if you'd like to brainstorm ideas instead of on a public forum (although I think you might need to up your post count a bit first). Good luck, and look forward to hearing from you.
     
  9. GiftGuru

    GiftGuru Supreme Member

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    If you do a google search for.... "crowd funding promotion"

    I would be... first... baby?
     
  10. unknownn

    unknownn BANNED BANNED

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    purple42 you already recognized it, traffic is king.Maybe you should think about who is going to give his targeted traffic to your website (which is the most important part) for a 30% share.

    Also i would recommend getting unique.There are so many possibilities to be better than indiegogo you just need to use your creavity and IM knowledge how to get automaticly promoted.
     
  11. purple42

    purple42 Newbie

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    Guys I honestly didn't think anyone would respond. Its awesome to actually see people responding to it. At Savycon yes I need to do alot more post before I can pm. I would be there but I try to refrain from BS posting. At Gift guru I thought about doing that but I don't have the money for the promotion hence the reason for the split. At Unknownn I haven't thought about that I thought about posting in the JV section but I don't have enough post. Usually I just lurk around on other post I don't like to post without having anything of value to add to the conversation. So its taking me awhile to get my 15 post every though I was lurking around on here for a while before I finally made an account. So if someone wants to help or chat about it just feel free to pm me. I'm open to suggestions or ideas. Thanks again guys for responding