lowkey wrote:It only works for low cost campaign.
sockinvaders wrote:lowkey wrote:It only works for low cost campaign.
Hi again. Wow i see you're a veteran member here so undoubtedly you know your stuff. Do you mean projects where there's a low cost/big margin? or just generally low funding goal?
I'm using it now, still only 3 boosters including the main site. Up to 10 boosts through it even on a high 20% incentive.
After looking into the numbers further, i realised that 20% is eating a LOT of margin. However i would still be willing to use it even at 30%, for a few reasons.
1) It gets you a new potential long term customer you couldn't have reached.
2) In my case, more socks sold = significantly lower cost per pair as 200 minimum order is hugely more expensive than 500 moq.
3) It gets you access to their email which can then be a potentially free customer for future projects.
So in the short term, it could eat away all profits if not careful. But on the plus side. there could be long term benefits.
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