CrowdFunding- Why crowd do not love my campaign and my fantastic idea ? where did I fail ?

posted Oct 21, 2012, 9:11 AM by David Khorram   [ updated Oct 24, 2012, 11:11 AM ]


CROWD FUNDING PORTALS SUCK
So. Two months of indiegogo has failed. I took the time to register ,to write the description and to record a pitch video. I wasted time and I have nothing to show for it. Basically the people from igg give you a platform to get funded, but they don't offer exposure. The indiegogo business model is simple. People try to raise funds, if they are willing to give a percentage to igg they can raise the funds through the igg website. igg don't help you with the promotion of your project unless it is already popular, but if the project is popular then I don't see a reason to use igg. They give you some tips that can be boiled down to "Promote your project!", which you should be able to figure out yourself. So basically after two months of igg I came to the realization that you are better off just placing a donate button on your website and selling swag. There is an exception of course, non technical social projects that aren't associated with a product. Funding for education or medical needs or charity projects.

I don't want to hate on igg just because I didn't get a dime. It really isn't their fault. If you read the funding tips they do say that your best bet is to promote to people you know ( family, friends, other personally interested people ), and they say that it takes about 3 visits to the project page before a person makes a donation. So nag and spam a wide audience repeatedly, igg is an e-begging platform. E-begging is when you ask for money from people through the internet, but in this context don't think about the beggar on the street with just his hand out. This is more a guitar case tips type deal, but still begging. And begging fits better because it is an active process of asking, and if you don't ask you don't get.

So if it isn't igg's fault that I didn't get a single dollar then who's fault is it? It is my fault! And if your project fails it will be yours. For something to get funded it needs to be popular. So you need a good fan base for the project that are already engaged with it, and then you start asking for money. Another thing is that social media may seem like a good way to market such a thing, but even if you have a high Klout score and you have a ton of friends on Facebook and G+ you need to evaluate that resource realistically. On different projects the percentage of visitors that donate varies, for mine it was 0% for some it's 50%, but for the sake of easy math we will take 10%. So lets see what that means. I have 200 people in the social networks, 25% are geeks and would click on a link about Linux, so 50 people visit the campaign page. 10% are 5 people, if everyone donates 5$ you get 25$. What if you want to raise 4000$ dollars. You need 800 people to donate, so 8000 people need to visit the page so I need 32000 friends on Facebook. Do you have 32000 friends on Facebook?




Response :

Well, We agree with you, However, If you want to do a CrowdFunding campaign  because you think the Internet and Crowd will find  ,love, back you up and invest in your dream and project, stop right now.The Internet and crowd  does not care about you

However, if you can reach out to the right crowd of people, in the right way, before time runs out, you just might get lucky. 

For past two years my team  ( expert sourcedwww.crowdfundingmentors.com ) and I have researched  the CrowdFunding " best practices " on daily bases . We also field tested our discoveries to see does the research matches the findings.

Our Philosophy is based on " pay it forward " . We will be more than happy to look at your Campaign and your soft and and actual  Launch  and give you our review for free. We also can show you  how to  " try , try again" and assist you with your promotions world wide... in order for your crowd to finds  you .  http://www.crowdfundingplanning.com   
What is CrowdFunding? What are Donation, Pre order, Reward, Equity models & how does it work?

Just think how did we find you? Right place ( Google plus - the private club ) and right crowd like +David Drake ( CF conferences ) , +David Khorram (CF best practices ) an other experts and fund raisers like you... CrowdFunding is more than 2.8 billion this year and 6.7 Billion next year .. Trust me, it works.

*Now about Luck " - This for you from our Mentor  Mr. Plato ( 250 BC ) 

.....So far we may be willing to go: We know what to expect. But, no further, for beyond that boundary we are afraid. Our experience makes coward of us. We want its security  even if it limits us. We know that many  who strike out beyond this boundary are lost. But not all. Some manage it and when we envy them we forget the risk they took. We think that their boundaries have always been so  broad and limitless. We forget that they took  the effort of pushing them outwards: 
Effort  and Risk. Instead, we talk of luck......

http://www.crowdfundingplanning.com

We offer Free with no obligation :
  • CrowdFunding campaign /  project  assessment
  • CrowdFunding campaign pre launch / Soft launch consultation
  • Crowdfunding campaign  post  launch  review / assessment / recomendation 
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Follow up:

When the web became popular the consultants crawled out of the sewers to consult businesses about their web presence. Then social media came along and again the consultants came out to consult about social network leverage. And now crowd funding is here and the same assholes came out to help entreprenewbies and startups navigate the maze of marketing. I don't want to be rude but it is obvious why some projects fail and some succeed, your input is most likely useless. But ok, I will give you a chance. Let's have a hypothetical everyman who has interests in a very niche market but has no presence in it. And he wants to enter that market but needs funding. What would be your advice? And don't go for the obvious, we all know the obvious.
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David Khorram11:03 AMEdit
You see attitude is everything . We offered all our knowledge and experiences for  ---Free  --- and you are kind enough to use foul language.  Our advise is in term of a process . CrowdFunding is a campaign ( road map with time lines ) and not a project . This is what we advise 

http://www.crowdfundingplanning.com/consulting#TOC-Our-process- 

A CrowdFunding  without a written plan and detail process is just a wish ! 

Our interest is CrowdFunding education since we believe we can win as a nation if we accelerate innovation through CrowdFunding  since we can not compete with overseas labor  ( at $2.5 an hour )  .

See one of our techniques on  how to  raise our own  crowd in our " niche market "    What is CrowdFunding? What are Donation, Pre order, Reward, Equity models & how does it work?  

look at our viewers since Schumpeter 28th. In average if we raise 10 dollars  from each  , we have about 110K now ( possiablity ) . We are at our soft launch mode to CrowdFund our own product called  http://www.CrowdFundingnavigators.com   . Our challenge is simple but hard . Not many people (our crowd or  our backers  ) really know what is "CrowdFunding " and also do not know how  to CF ?

To make it more interesting  is our  Crowd 's Crowd ( the investors , your investor )  do not know what is CrowdFunding and its advantages .

No you see we have started our soft launch using Google fabrics
Google apps
Google sites ( website)
Google search
Google video ( YouTube)
Google blog
Google apps market place
Google plus 
....
....
...

Please let me know in less than 140 character what is your campaign is all about ? is your idea refined enough . Have you used BI ( Google search -Boolean-Operands ) to find is there anyone in the planet with similar idea  and experiences ?
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