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Five Common Kickstarter Mistakes (Podcast)

Posted: Fri Dec 05, 2014 11:23 pm
by sbriggman
Read the full article here: http://www.crowdcrux.com/five-common-ki ... s-podcast/

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Today, I’m going to be covering some the top Kickstarter crowdfunding mistakes I’ve witnessed in the past two years from helping creators launch Kickstarter projects.

This segment is part of a larger talk that I gave at Harvard to a graduate student group at the beginning of the week. It’s amazing to see how quickly crowdfunding is growing and how more and more entrepreneurs are using Kickstarter as a financial tool to get their passion projects off the ground.

I hope you enjoy it and let me know what you think in the comments section below!


Download the podcast here: https://itunes.apple.com/us/podcast/cro ... 20432?mt=2

Re: Five Common Kickstarter Mistakes (Podcast)

Posted: Sat Dec 06, 2014 4:22 pm
by israbatista
thank you so much!

Re: Five Common Kickstarter Mistakes (Podcast)

Posted: Mon Dec 08, 2014 4:58 pm
by johnnie smith
AWESOME!

Took Notes while hearing. Here they are:

1. They won't come just because you've built it. You need marketing and/or networking.

2. First couple of days (and last few days) are honeymoon. First week is crucial ! [early bird rewards may help]

3. If you had a successful campaign, there's no rest afterwards. Fulfilling is no easy or free task. Include shipping costs in your budget. Consult with an attorney for tax purposes. Average profit of 5-10% is taxable.

4. Research 10 to 20+ similar projects in the same category. Use kicktraq or google search, filter with time to find who promoted them. Adding + to the URL will show bit.ly breakdown and locations of clicks.

5. Rocket-ship Cruising vs Car Driving. The first has it's specific formulas and instructions. The latter is an art with no specifics. Running a KS is like car driving. Trial and Error is key. Leave a buffer for the errors so you remain profitable.

Even if you fail once, even if you fail twice, your third try should be successful.