1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Two Stage Fundraising Kickstarter and Indiegogo

Discussion in 'Making Money' started by steelballs, Jul 17, 2012.

  1. steelballs

    steelballs BANNED BANNED

    Joined:
    Dec 5, 2008
    Messages:
    1,832
    Likes Received:
    4,562
    Fundraising is a hugely successful modern way of attracting donations to finance a mind boggling selection of concept ideas like ? Filmmaking - Web Projects ? Art - et al

    We have been evaluating a number of projects in this sector and the study has confirmed that one of the best fail safe ways to execute a fundraising program is take a two tier approach

    Seed Funding from Kickstarter aka 1st Round Funding
    Kickstarter.com

    Start Up and Commissioning Funding from Indiegogo aka 2nd Round Funding
    Indiegogo.com

    Why do it this way?

    Easy if donations come up short on Kickstarter you get another ?Bite of the Cherry? to finish the project with Indiegogo funding!

    We have one project in progress and will provide updates here on progress

    Comments welcome this sector has a learning curve and moves at very fast pace of development, you need to be very active to keep apace of progress in the Fundraising sector.

    Two Stage Fundraising Kickstarter and Indiegogo?

    Thanks :)
     
    • Thanks Thanks x 3
  2. Falian

    Falian Junior Member

    Joined:
    Feb 1, 2010
    Messages:
    127
    Likes Received:
    91
    Never head of Indiegogo, thanks for sharing this. I really need to look into funding opportunities with these websites.
     
    • Thanks Thanks x 1
  3. steelballs

    steelballs BANNED BANNED

    Joined:
    Dec 5, 2008
    Messages:
    1,832
    Likes Received:
    4,562

    Indiegogo is very flexible with PayPal as a pay out option and unlike Kickstarter who are US only

    Indiegogo accept projects from outside the US which is very attractive to millions of international clients
     
  4. John.

    John. Power Member

    Joined:
    Feb 9, 2008
    Messages:
    555
    Likes Received:
    118
    This could turn out to be a very interesting thread :)
     
    • Thanks Thanks x 1
  5. appache

    appache Regular Member

    Joined:
    Apr 6, 2010
    Messages:
    380
    Likes Received:
    128
    Occupation:
    Video editor
    Location:
    Montreal
    So what happened?
     
  6. unclemike

    unclemike BANNED BANNED

    Joined:
    Nov 6, 2012
    Messages:
    827
    Likes Received:
    984
    This is really nice and I appreciate you sharing it with the community. So if I get this right a guy
    can find funding for his IM projects by doing this?
     
  7. steelballs

    steelballs BANNED BANNED

    Joined:
    Dec 5, 2008
    Messages:
    1,832
    Likes Received:
    4,562
    Yes but the profile that you launch on the fundraising site has to be - Slick - Informative and Professional et al...

    A cheapskate profile will not attract donors!
     
  8. arousso

    arousso Registered Member

    Joined:
    Jan 11, 2012
    Messages:
    55
    Likes Received:
    10
    Any updates on your Kickstarter project?
     
  9. Mr Stark

    Mr Stark Regular Member

    Joined:
    Mar 11, 2012
    Messages:
    202
    Likes Received:
    170
    Location:
    Stark Industries
    What are your obligations to the investigators if your projects succeeds or if it doesn't ??
     
  10. albaniax

    albaniax Elite Member

    Joined:
    Aug 5, 2008
    Messages:
    1,586
    Likes Received:
    823
    Location:
    GER - ALB
    Nice idea!

    Regarding Indiegogo, I know that they use a particular Algorithm about which project get's featured on the frontpage, and that's the place you want to be!

    One of the main points needed is to invest yourself for example 50% of your complete budget that you want to get financed!
    Furthermore, you shouldn't spent all with 1-2 accounts. Rather, give/tell your friends to support your project with 10-100$ or whatever, until your project is 50% financed.

    This way, the more different kind of people has financed your project, the better ranking you get on indiegogo, as supposed to 1-3 people financing half of the budget.

    Also, you might tell your friends/partners to add comments to the project, after they have added their chunk to the project.

    Think also about the "social proof" that you get. Not much people would want to help your project, if you only have reached 5% of your final goal. Unless when you have 80% and a few day's are left, more people are willing to help to reach your goal.

    Last but not least, consider to add Social signals aswell, as they might aswell be integrated in the ranking-process.

    In the end it come's further down to of course have a nice idea, which people like!
     
  11. arousso

    arousso Registered Member

    Joined:
    Jan 11, 2012
    Messages:
    55
    Likes Received:
    10
    FYI - great Kickstarter advice - fourhourworkweek.com/blog/2012/12/18/hacking-kickstarter-how-to-raise-100000-in-10-days-includes-successful-templates-e-mails-etc
     
    • Thanks Thanks x 1
  12. hateandbreak

    hateandbreak Supreme Member

    Joined:
    Apr 17, 2010
    Messages:
    1,394
    Likes Received:
    1,528
    Gender:
    Male
    Location:
    Amidst the INTL Traffic
    Looks really great. I am considering doing this, as me and a colleague have an idea that can do well. Will definitely have to tune into the quality and detail of what I want to be funded. That's the most important part.

    You don't see projects getting funded that aren't clear and don't have a high end video detailing the project. Great read, thanks for information, didn't know about the second site.