5 Tips for Raising Funds From Crowdfunding

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If you’re starting a crowdfunding campaign, you may wonder how quickly you can raise money. In this article, we are going to talk about some crowdfunding tips that can help you raise more funds for your startup. Depending on the platform and campaign type, you can tweak and adjust these recommendations. Read on to find out more.

Tip #1: Do Your Homework

This strategy can work for you only if you have enough time to prepare for these campaigns. Generally, it takes about 11 days to do the homework and get ready to start this campaign. Depending on your fundraising needs and campaign type, your time requirement may vary. Below are some tips that can help you get ready:

• Get the best fundraising advice from the Internet

• Choose the Best Crowdfunding Platform

• Consider other successful campaigns

• Learn how to ask for donations

• Decide whether you should host an event

Tip #2: Ask for Money Early

If you think you just need to launch a campaign page and the money will start rolling in, then you need to think again. In the US, there are over 200 crowdfunding platforms. So, what are the chances of your campaign being found?

So, what you should do is promote the campaign the same day you launched it, which will help you stand out from the crowd. According to statistics, around 50% of startups collect most of their funding during the first and last 3 days of the campaign period.

You can use the in-built sharing mechanism of your crowdfunding platform to let people know about your startup. This can include Twitter, Facebook, and email, to name a few.

Tip #3: Seek out potential investors

Seek out investors who may be willing to provide funding for a certain cause. For example, if you know a relative, neighbor or colleague who has lost a family member to cancer, it is likely that they would be willing to provide funding for a cancer research campaign.

Tip #4: Be clear about where the money will go

If you want your potential investors to trust your crowdfunding campaign, we suggest that you be clear about where the money will go. It’s even better if you can be as specific as possible. By informing your investors about your campaign, you can build their confidence and they will continue to invest more money in your startup.

Tip #5: Offer Incentives

For investors, incentives work like a charm but they work for a specific type of campaign. The good news is that crowdfunding campaigns tend to be more successful when it comes to creative projects and adventures. Listed below are some popular incentives that you can provide to your potential investors:

• Free tickets to a game, concert or show

• Media noise

• Handmade Crafts

• Hats and Caps

• T-shirt

In short, if you follow these crowdfunding tips, your start-up will be more likely to raise a lot of money.

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