If you’re thinking of starting a crowdfunding campaign, you might be wondering how to raise money quickly. In this article, we will talk about some crowdfunding tips that can help you get more money to start your business.
Depending on the type of platform and campaign, you can modify and adjust these tips. Keep reading to learn more.
TIP NO. 1
DO YOUR HOMEWORK
This tip can only be useful if you have time to prepare for these campaigns. In total, it takes about 11 days to do your homework and prepare for the launch of this campaign. Depending on your fundraising needs and the type of campaign, your time requirements may vary.
Get the best fundraising tips online
• Choose the best crowdfunding platform
• Consider other successful campaigns
• Study how to ask for donations
• Decide if you need to host an event
TIP NO. 2
ASK FOR MONEY EARLY
If you think you just need to launch a campaign page and the money will start rolling in, you need to think again. There are over 200 crowdfunding platforms in the United States. Then what are the chances of your campaign being found?
So, what you need to do is to promote the campaign on the same day it is launched, which will help you stand out from the crowd. According to statistics, around 50% of startups raise the most money in the first three and last three days of the campaign period.
You can use your crowdfunding platform’s built-in sharing mechanism to publicize your startup. This can include Twitter, Facebook and email to name a few.
TIP NO. 3
RESEARCH POTENTIAL INVESTORS
Look for investors who might be willing to donate money to a specific cause. For example, if you know a relative, neighbor or colleague who has lost a loved one to cancer, they are likely to be willing to donate money to a cancer research campaign.
TIP NO. 4
BE PRECISED ABOUT WHERE THE MONEY IS GOING
If you want potential investors to trust your crowdfunding campaign, we recommend being clear about where the money is going. Better yet, be as specific as possible. By letting investors know about your campaign, you can gain their trust and they will continue to invest more money in your startup.
TIP NO. 5
For investors, incentives work like a charm, but they work in specific campaign types. The good news is that crowdfunding campaigns are more successful when it comes to creative and adventurous projects. Below are some common incentives you can offer potential investors:
• free tickets for a game, concert or show
• The cries of the media
• Arts and crafts
• Caps and hats
In short, if you follow these crowdfunding tips, you’re more likely to get huge money to get your business off the ground.