julee wrote:What's the point of running a crowdfunding campaign if you're going to have 35% to a marketing agency? (unless 1. you are running on purely marketing purposes, and 2. you have set enough profit margin higher than that).. so I passed. I'm glad I have passed, because even if I had succeeded with them, my campaign would have been a deficit.
TiMe22 wrote:julee wrote:What's the point of running a crowdfunding campaign if you're going to have 35% to a marketing agency? (unless 1. you are running on purely marketing purposes, and 2. you have set enough profit margin higher than that).. so I passed. I'm glad I have passed, because even if I had succeeded with them, my campaign would have been a deficit.
Yes, if you blow up your prices before your Kickstarter +35% it might work (that is if their reach brings enough people for your higher priced product). And then you also have to earn back the USD5000, because that is not discounted from the 35% (which in my opinion it should).
If you have a reward that is priced USD100 they need to bring at least 715 backers only to recover the 5K (8% Kickstarter fee + 35% Funded Today + 50% to pay for your reward and shipping and tax leaves USD7 to recover the 5K upfront = 715 pledges just to break even.
RavenX86 wrote:35% Sound ridiculous though ... you sure they ask that much ? I assumed would be scaled to your own profit margin .... like 35% of your own margin and taking into consideration paying the researchers designers and manufacturer that should be more funded today's share should be probably about 3-10% of the sales that come through their referral. In my own opinion .. if your profit margin is bigger than 25 on the actual product means you ain't giving much to the backers in the first place. Is my logic wrong?
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