How to succeed at crowdfunding: Closing Day

Sprint across your crowdfunding campaign’s finish line (even though you’ll be tired!). Campaign funding tends to be U-shaped, with the greatest amount of activity on the first and last days, as illustrated by this data from Kickstarter.

pledge pattern graph

You’ll want to maximize that final day and gather up as many of the procrastinators in your crowd as you can. Our recommendations mirror those for Launch Day:

  1. Dedicated “Last Chance!” email. This email should be short and sweet. Your network has by now heard from you many times, so this is a short, fun reminder with images and most importantly the link to your campaign, with one simple message: the campaign closes at midnight tomorrow, and this is their last chance for special pre-order opportunities. (As a reminder – email and social media are not created equal. Social media is not useless, but email prompts action. Don’t neglect your email list!)
  2. Deadline phone campaign. Especially for those people you’ve expected to get on board and have yet to show up, it’s worthwhile giving them a ring and talking to them in person. They may have questions on how to pledge, what the money is going towards, or how else they can get involved. Be upbeat and remind them that this is their last chance to get in early on your exciting new project.
  3. Influencer synchronization. Your Influencers deserve a little one-on-one time, too. Ask them to repost or resend what they’ve already sent to their networks, with the “Last Chance!” message.
  4. Deadline event. Just think of the ball dropping in Times Square – people love a count-down. Have a little party and make sure to have your laptop connected to your TV screen so that partygoers can watch the %-funded tick up live. Have samples of your rewards and invite people to pledge, auction style. Food, beverages, and music get folks in a festive mood.
  5. Social Media blasts. Update your profile picture with your key campaign image and the “Last Chance!” message. It’s a good idea to hit your Facebook, Twitter, Pinterest, Instagram and/or other feeds multiple times during the final 24 hours.
  6. “Last Chance!” campaign update. And, don’t forget your backers! Publish a campaign update (like the blog on your campaign), thanking your faithful backers and reminding them this is their last chance to invite their friends and family before time runs out. This is a good time to hype any special rewards, stretch goals, or other last-minute news.

For a free crowdfunding analysis of your project, please fill out our Artist Questionnaire. We typically respond within two weeks. We look forward to hearing about your project!

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How to succeed at crowdfunding: Live Events

Moving your crowdfunding campaign from the intangible internet into the real world encourages backers to get on board. Even though the average person spends 23 hours a week online, there’s still no substitute for meeting up face to face. Our clients have used live events in a variety of ways to boost their campaigns’ success.

  1. VIP Launch Party. What better way to announce to everyone you know that your project is getting real than to invite them all to a party? This can be a free or paid event (with ticket sales through your campaign), a way to preview your work, and a chance to show off some of your perks/rewards.
  2. Mid-campaign doldrums event. Campaign pledges tend to be U-shaped – major activity on the first and last days, with an anxiety-inducing dead zone in the middle. As one Artist’s Partner client lamented, “The hardest part of our crowdfunding campaign was the two weeks in the middle, when donations just dried up.” Inject some life into your campaign with a concert, party, or other activity to re-energize your crowd.
  3. Rehearsal invite. People love to see the artist at work. So why not invite them to your studio, to a dress rehearsal, a sound check, private screening of a rough cut, or other venue to showcase your work? Ideally, the best salesperson for your work is the work itself. Give your crowd the chance to see it come together.
  4. Conference piggyback. This isn’t always possible, but sometimes you happen to be writing eco-fiction and running your campaign during April – when there are Earth Day events galore. It’s worth checking to see if the audience for your work already happens to be conveniently clustering and receptive to your message – and then getting involved.
  5. Countdown Party. Whether it’s a trip to the moon or dropping the ball on New Year’s Eve, people love a countdown. Have a party on the last evening of your campaign, have a meter showing pledges going up, and take advantage of auction psychology to give your campaign an 11th hour boost.

It’s also worth noting that several clients have used Skype, Google Hangout, or another video service to invite out-of-towners to the live event. They pick a designated 20 minutes or so where those far away can tune in and say hi and participate in the fun.

For a free crowdfunding analysis of your project, please fill out our Artist Questionnaire. We typically respond within two weeks. We look forward to hearing about your project!

How to succeed at crowdfunding: Stretch Goals

You can always raise more money than your target. Set your public crowdfunding $ goal as low as reasonably possible to increase your chances of success, but aim high behind the scenes. It’s a good idea to have some preplanned ideas to keep up the momentum if/when your campaign surpasses the 100% mark.

But first, a note on why we generally recommend our clients start with a conservative $ goal. When we do the network analysis, the likely fundraising range is wide. Let’s say it comes out at $5,000-$20,000. We set the initial public target at the low end – in this case, $5,000. This is for a few important reasons:

  1. On Kickstarter, you can always raise more money than your target, but you can’t raise less. If you fail to hit your target (and you CANNOT change the target after the campaign is launched), your backers’ credit cards don’t get charged, you don’t get any money, and no-one gets any rewards. Game over.
  2. The same does not apply to Indiegogo (which has an option called “flexible funding” for campaigns that fail to hit their targets), but it might as well. Let’s say you need at least $5,000 to produce your project, but you don’t raise that much. Now you’ve committed to sending your backers copies of your book or album, but you don’t have sufficient funds to actually create it. This is not a quandary you want to find yourself in post-campaign.
  3. There’s a psychological positive to the %-funded bar (which is prominently displayed at the top of every campaign) sprinting rather than moseying towards 100%. The lower the $ target, the faster you approach 100%. Speed excites people.
  4. There are more joiners than pioneers in the world. In other words, the more success your campaign is perceived as having, the more positively it will be received, and the more likely people – especially prior strangers to you – will be willing to put their credit card information on the internet for you. Success breeds success. Campaign momentum is typically boosted, not halted, by surpassing the 100% funded mark.

So, we’re aiming to have your campaign surpass 100% funded as quickly as possible. Sometimes this happens in the first week – or even on the first day. We also want to keep up the momentum post-100% and keep aiming for the high end of the range. Enter: Stretch Goals!

Sample Project: Princesses Only Wear Putta Puttas

Princesses Only Wear Putta Puttas is a children’s picture book by Charlottesville chef and author Priya Mahadevan. We ran her campaign in May of 2015 to fund the professional production of her book. Priya wanted to raise $12,500 to cover the costs of publishing ebook, paperback, and hard cover versions of her manuscript, and cover book promotion. When we did her network analysis, $8,500 came in at the low end, so that is where the public target was set.

This $8,500 goal was surpassed in only two days of campaign launch! So, we updated her campaign with the following image. An additional $2,000 would cover doing a full color hard cover print run of the book. As an added incentive to keep up the momentum, we promised those who pledged early to the campaign the opportunity to upgrade to the hardback if the target were passed.

ks image - stretch goal 1

In fact, the first stretch goal was reached! So we updated the campaign again. This time, another additional $2,000 would be used to promote the book in Priya’s home country, India. Again, we created an additional incentive: ALL backers would receive the ebook version in addition to the other rewards.

ks image - stretch goal 2

This second Stretch Goal was also surpassed before the end of the campaign!

There are a few important lessons here, in addition to the central message that Stretch Goals work.

  1. Add Stretch Goals in bite-size chunks. A realistic objective is more exciting and enticing than an implausible one.
  2. Thank your early backers. It’s important to recognize those people who helped you in the beginning, before you met your original target. They were the believers before others jumped on the bandwagon.
  3. But make your thank-you’s doable. In this sample project, we already knew how many people had pledged to the paperback version of the book, so we were not opening a black hole of expensive hard covers to deliver at the end of the campaign by allowing this limited number of people the option of an upgrade. And, once the ebook version of the book is created, it’s easy to email or Dropbox to backers. Creating a whole new perk – say, a t-shirt customized in each backer’s size – is not efficient; in a worst-case scenario, a poorly thought-out thank-you could even bankrupt your campaign.
  4. Let people know what the additional money is for. Transparency is key to trust. Trust is key to getting people to enter their credit card information onto the internet for you. Being clear about why you are raising the additional money, and what it will go towards, is essential.

For a free crowdfunding analysis of your project, please fill out our Artist Questionnaire. We typically respond within two weeks. We look forward to hearing about your project!

 

How to succeed at crowdfunding: Communication During Your Campaign

Regular communication with your prospective backers is the difference between success and failure for your crowdfunding campaign. Follow up on your pre-launch communiques with a fun, consistent communication program during your campaign to maximize your chances of success.

Many of our clients find it hard to share their message more than once – or even just once. But it’s important to stick to the discipline. It’s based on one of the central tenets of marketing: effective frequency, or “the rule of seven.” Most people need to hear a message 7 times to act on it.

blog images- effective frequency

The typical communication program during a client’s crowdfunding campaign looks like this:

  1. 6 Weeks of Monday Drafts. Starting the Monday before launch, and continuing each Monday through the week after the campaign closes, we craft the draft communiques for the week. These include:
  2. 6 Weeks of Tuesday Social Media Posts. People respond to images – and especially faces. We usually do a combination of the key campaign image, and photos of the artist at work and on location. We consider milestones (e.g., “Already half funded!”) and relevant events. All posts contain a caption of 100 words or less (tweetable, with room for the retweeter to add comments), and ALWAYS contain the link to the crowdfunding campaign. We aim for at least one and up to three posts per week. The best times to post are Tuesday, Wednesday, and Thursday, at breakfast, lunch, and bedtime. Here’s an example from a children’s book campaign by Marc Boston:
  3. 6 Weeks of Wednesday Email Newsletters. It’s easy to write a long email, and hard to write a short one. But we try to keep emails short enough that they can be read without scrolling. These are often expanded versions of the Social Media Posts, complete with images, event invitations, and fun milestones. We include the campaign link at least three times: at the top, in the middle, and at the close. The newsletters also contain two additional pieces of information:
    1. How else to help the campaign. We invite readers to share the link on social media, forward the email to friends, and send us good luck wishes.
    2. What crowdfunding is, and how it works. Lots of people know what Kickstarter and Indiegogo are – but lots don’t. We provide a short sentence of background (these platforms have been around for years and have raised over a billion dollars), and then step-by-step instructions on how to pledge, complete with images.
  4. 6 Weeks of Thursday Campaign Updates and Social Media Posts. Both Indiegogo and Kickstarter have a blog function, where you can periodically post new information and other fun tidbits for your backers and visitors to your campaign. This is usually a remixed version of the Wednesday email. Updates get their own unique web address, so we usually post the update to social media as well.
  5. 6 Weeks of Friday Phone Calls. Each week we identify a key group of people to contact. These can be your Day 1 Backers, Influencers, and Benefactors; but we also reach out to the less tech-savvy people in your network to see if they need help navigating the pledging process, and we try to get in at least one phone call to everyone in your network.

Every campaign is different, but there is a fairly reliable pattern to what we are communicating by week.

  1. Week 1: Countdown, LIVE!, and 24-Hour Thank Yous! Launch Day is the most important day of the campaign. We remind your Day 1 Backers and Benefactors that they are invited to the exclusive VIP Soft Launch the day before the official launch, we do a public social media countdown for launch day, and after the first 0fficial 24 hours, we do a big Thank You message (which doubles as a nudge to anyone who planned to pledge on launch day, but didn’t get around to it). We craft a special series of images to use on social media, in emails, and in the campaign update. blog images - launch countdown
  2. Week 2: Event Invitation. We shouldn’t just say the same thing over and over, so this is a great time to focus on a mid-campaign event in the real world (dedicated post coming soon).
  3. Week 3: Event Recap. And, one of the great things about an event is that it gives all kinds of great new photos and video to share.
  4. Week 4: Milestones, Previews, and Stretch Goals. This can be an ideal time to share progress, and preview what’s coming next. Often, this is a good time to share a sneak preview of another chapter, a new song, a film scene, or anything else that makes it feel like this campaign is propelling your project to success. If the campaign is fortunate enough to have surpassed its initial target, this is also a perfect opportunity to show off stretch goals (dedicated post coming soon).
  5. Week 5: LAST CHANCE! We mirror the Week 1 countdown to launch with a countdown to the deadline. Campaign funding tends to be U-shaped, with most pledges coming in on the first day and the last day (deadlines motivate people!). This is another opportunity for serial social media posts that remind prospective backers of the approaching last chance to participate.  blog images - deadline countdown
  6. Week 6: Thank You! and What’s Next? Finally, we follow up after the campaign is closed to thank backers profusely, let people who didn’t get on board in time know what they can still do to get involved, and let everyone know what to expect next from the project – further steps until completion, when to expect the finished product, and when their perks will be delivered.

It bears repeating: our clients find this hard. The key to making it work is picking a discipline, and sticking with it. You know your prospective backers need to hear your message 7 times to act on it. Use all the tools at your disposal and when the going gets tough – and it almost certainly will – dig deep, hang in there, and keep up the good work. Your campaign depends on it.

For a free crowdfunding analysis of your project, please fill out our Artist Questionnaire. We typically respond within two weeks. We look forward to hearing about your project!

How to succeed at crowdfunding: Launch Day

You want to make a big splash on your crowdfunding campaign’s Launch Day – it’s the biggest day for pledges. Here is some data from Kickstarter, showing the typical U-shaped pledge pattern for a campaign:

pledge pattern graph
Pledge pattern data from Kickstarter.com

Backers do pledge throughout, but most activity happens right at the beginning and the very end. Early birds and procrastinators!

Because success breeds success, we recommend our clients take every measure to maximize Day 1 of their campaign. In fact, we have an entire post dedicated to one group of your campaign VIPs, Day 1 Backers. These are approximately a dozen people you’ve been having one-on-one communication with in the months leading up to Launch Day, so they are primed to jump right in as soon as your campaign goes live.

However, we want to encourage people beyond this privileged dozen to take the plunge on Launch Day. Here is how we do it:

  1. Dedicated Launch Day email*. We craft a short email with an irresistible subject line that communicates one topic: an invitation to visit Kickstarter (or Indiegogo) and pre-order a copy of [project] today! While pre-launch communication has focused on VIPs for months, this email goes to everyone on the project’s mailing list. We typically include at least three links to the campaign sprinkled throughout the email, the key project image, and suggestions on how else to help (forward the email, share the campaign on social media, and wish us luck). In the post-script, we include detailed instructions on what crowdfunding is and how to do it – not everyone is familiar with Kickstarter and Indiegogo. Yet.
  2. Launch Day phone campaign. Plain and simple, people respond to individual attention. Follow up on the email with as many phone calls as you can muster on Launch Day.
  3. Influencer synchronization. Your Influencers are people with an audience and a mechanism to communicate – we have an entire post dedicated to them. Ideally, your conversations with them over the months leading up to Launch Day mean their article, podcast, radio interview, or other press hits near the beginning of your campaign. (But not before – potential backers give up easily if they try to find your campaign and can’t because it is not yet public. They won’t come back.)
  4. Limited edition Early Bird rewards. Anything that creates urgency and prevents a potential backer from putting off pledging is a plus. Having a great deal on special rewards for a limited number of backers can prompt visitors to your campaign to pledge on Day 1.
  5. Social media blasts. Normally more than 2 or 3 social media posts a week is overkill – but not today! Have great images ready to roll for breakfast, lunch, and bedtime posts. Give updates like “wow! already 10% funded!” throughout the day. Ask people to like, comment, and share. And always, always, always, include the link to your campaign – and check to make sure it’s working.
  6. Launch Day event. It’s a lot of extra work, but several of our clients have had success planning a party on launch day. It could be cocktails, a concert, a picnic, an art opening, a murder mystery dinner, a house party, or any other kind of soiree – what matters most is that you have the chance to announce several times at the event that this is the launch party for the crowdfunding campaign, hand out postcards with enticements and instructions on how to pledge, and celebrate passing funding milestones. Bringing the campaign from the intangible world of the internet to the real world can be very effective in boosting participation.
  7. First 24 hours Thank Yous. Once the first official 24 hours are up, it’s a great time to post a “Thank You” campaign update and share it on social media, contact your early backers individually with a thank you, and spread thank yous around on social media. Not only is this good manners, it’s a good way to encourage backers to continue supporting you, and in the case of email and social media, a gentle way to remind people who have yet to back to come on and join in!

*Many of our clients start under the misconception that social media and email are interchangeable. This is not the case. Exact numbers vary, but you can safely assume that, if you have a mailing list of people who want to be on it, a double-digit percentage of them will read the email, and a significant number of those will click through to your campaign. Only a single-digit percentage will see a Facebook post, and only a small number of those will click through. You may get 25 pledges from an email to 100 people, but only 1 pledge from 100 Facebook followers. This is why email comes first.

For a free crowdfunding analysis of your project, please fill out our Artist Questionnaire. We typically respond within two weeks. We look forward to hearing about your project!

How to succeed at crowdfunding: VIP Soft Launch

It’s polite – and it’s good business – to invite your VIPs to your crowdfunding campaign prior to the official launch. Restaurants call it a soft opening, filmmakers call it a test screening, publishers call it an ARC. We call the exclusive sneak peek of your campaign your “VIP Soft Launch.” If your plan is to run your campaign during the month of May, launch it quietly on April 30. Don’t tell anyone – except your Day 1 Backers and Benefactors. Invite them individually and personally. It’s that simple.

The sobering truth of the matter is that an almost unbelievable one in eight crowdfunding campaigns – over 27,000 projects – close never raising dollar one. You don’t want the public to see the number zero headlining your campaign. “$0 raised / 0% towards goal” gives your campaign a negative tone from the start, and for you, the artist, it looks downright depressing. This is the way that every campaign begins, of course, but you want to eliminate that negative billboard as quickly as possible.

blog images - zero zero

This private launch gives the people most supportive of and excited about your project the chance to order exclusive rewards first. But it is also good business. The public never need be stared down by those discouraging zeroes.

For a free crowdfunding analysis of your project, please fill out our Artist Questionnaire. We typically respond within two weeks. We look forward to hearing about your project!

How to succeed at crowdfunding: Perks & Rewards

Successful campaigns have great stuff for backers to buy. Kickstarter calls them “rewards“, Indiegogo calls them “perks“. Whatever you call them, do this: offer stuff that people want, at a price they’re willing to pay. Crowdfunding is not money-for-nothing, it’s money-for-something, and you’ll want to offer a variety of somethings that people find valuable at four key price points.

blog images - reward categories

<$20 Rewards

Campaigns that don’t have an enticing reward under $20 fail 72% of the time. Your book or album, or tickets to your film or show, are the perfect perk at this price. Some people are willing to pay above market value to help you out – but many are not. You’ll want to make the basic, no-frills version of your project available at market price.

$20-$100 Rewards

Approximately three quarters of the people who back your campaign are likely to back at $100 or below. All kinds of things can fall into this category! Here are a few typical rewards our clients have offered:

  1. Autographed version of the project. If the book goes for $15, the signed copy goes for $25.
  2. Give one, get one. One for you, one for a friend! If the signed copy goes for $25, two go for $40.
  3. Artist catalog. Signed copies of not just the new book or album, but the prior two, too.
  4. Swag. Put your album cover or show poster on a t-shirt, tote, or mug. (Read on below for what not to do.)
  5. Something commemorative. A signed, limited edition art print of the book cover, show poster, or illustration makes a nice option at the higher end. Plus a signed copy of your book, album, or playbill!
  6. Earmarked funds. Some people want to support you financially but don’t want anything physical in return. So, $25 for a costume hat, $50 for a set piece, or $75 for an illustration can help give your backers direct influence on the success of your project. Offer to give these backers credit on your webpage or in the liner notes.

pledge breakdown by backer count

$100-$500 Rewards

Approximately 20% of the people who back your campaign are likely to back at the $100-$500 level – but this is also likely to be about a third of your funds raised. It’s important to start being thoughtful at this level about who, specifically, is likely to pledge – and what they will want. These are almost always limited-edition items (more on this below) that you’ll be looking to sell out. Some typical rewards at this level include:

  1. VIP Events. Host a brunch, dinner or cocktail party. VIP tickets to the premiere. A private concert or screening. A lecture and reading at a related organization.
  2. One-on-one consulting. A voice lesson, a manuscript review, photography clinic, or other consultation in your area of expertise that can be delivered in-person or via Skype.
  3. One-of-a-kind items. The original art from your book or album cover. A signed version of the script. A key set piece from the production.

$500+ Rewards

Only about 5% of your backers will go the extra mile and pledge $500+ (we call them Benefactors). But this handful of VIPs will likely account for 40% of your funds raised, so their rewards require special, individualized attention. Some examples of good rewards at this level include:

  1. Producer credit. Backers at this level should receive thanks on the title page, liner notes, or playbill. Offer them space to commemorate a person or organization, promote their own project, or say a few other words.
  2. VIP treatment. Automatic red carpet entrance to premieres, parties, and events. Backstage passes and set visits. Signed copies of your project. Thanks on your webpage.
  3. Personalized rewards. A special, one-of-a-kind recording or video, or limited edition of your book.
  4. Project participation. Invite them on set or onstage. Offer a background part. Name a character after them. Get creative incorporating them into your work!

pledge breakdown by money raised

Featured Rewards

Most campaigns have 10-20 reward options. For some people, that’s just too much to read. There are a couple ways to help your campaign visitors pick a reward:

  1. On Indiegogo, you can select a “Featured Perk“. Typically, the perks go in numerical order by price. But you can pick any reward to be highlighted at the top! It’s usually a good idea to pick one over $20 and below $100 – perhaps the autographed version of your project.
  2. On both Indiegogo and Kickstarter, you should pick 1-3 rewards at varying price points that you highlight in the body of the campaign with pictures and descriptions. Check out RED’s Custom Jewelry for a great example of this.

Early Bird Rewards

Anything that can help drive early momentum in your campaign is a big plus. Consider offering a limited number of “final drafts” of your project at an attractive price as an Early Bird reward. Rough cuts, test screenings, ARCs, and dress rehearsals make great rewards for Early Birds. Since the goal here is early momentum, not necessarily profit, these Early Birds should also get the finished version of your project as well.

This is a great reward to feature early in your campaign – and also to feature as Sold Out when they’re gone! This helps to create the urgency for potential backers to “act now”, not put off pledging until the last day of the campaign.

sold out reward

Limited Edition Rewards

At the basic, no-frills level, you’ll probably not want to set a limit on the number of backers. But, it always looks great for a few rewards to sell out over the course of the campaign. Early Bird rewards (above) are a good example of this. Larger ticket items should almost always be limited edition, as that gives them the air of exclusivity. On both Kickstarter and Indiegogo, you can set quantity limits on any of your perks or rewards.

You may also want to consider limiting the number of autographed versions of your project – how many of your books do you actually want to sit down and sign? If you are offering swag, what quantities are reasonable to manufacture and ship? Anything that will be a pain to fulfill in large quantities should have a cap.

Multiple Rewards

Neither Kickstarter nor Indiegogo offer a “shopping cart” for backers to easily purchase multiple items. It is set up for backers to pick just one. However, there are a few ways around this to make it possible for your backers to buy as much as they want.

  1. Bundled rewards. Offering a book at $15 and a t-shirt at $35? Make a book + t-shirt reward priced at $45 or $50.
  2. Show them how to do the math and message you. Both Kickstarter and Indiegogo allow a backer to pledge any amount and then pick the reward they want. So, give instructions on your campaign along the lines of: “Want both the $15 book and the $35 t-shirt? Just pledge $50 and shoot me a message letting me know – I’ll be happy to send you both!”

Stretch Goal Bonus Rewards & Fulfillment Treats

It’s always a good idea to have a little something up your sleeve to over-deliver to your backers. If you surpass your original target and start reaching for stretch goals (a link on this subject to come) consider offering an easy-to-produce-and-ship bonus to the people who helped get you there, such as:

  1. A bonus track for the album
  2. A well-formatted short story
  3. Digital photo gallery or video
  4. Digital version of the project that may be emailed or Dropboxed easily

It’s also a good idea to have a little treat to include when you fulfill the rewards. Printer services can easily make up a magnet, pen, or stickers with your project images. For rewards you are fulfilling digitally, a set of computer wallpapers, photo gallery, or a little video or audio link can make a nice surprise thank-you. It’s always best to give your backers positive surprises along the way when you can!

Fulfillment Costs

You can’t add in fulfillment costs after the fact, and you can’t change anything – price, description, delivery date – about perks or rewards after someone has pledged towards it. So it’s very important to make sure your price points cover manufacture, packaging, and shipping. Crowdfunding campaigns have gone broke because of poor planning in this regard.

This probably goes without saying, but you need to know your per-unit cost on your book, album, show seat, or good. If you are offering swag, you need to know your bulk costs and per-unit costs on those as well. While swag is fun, we generally dissuade our clients from overdoing it, as you typically need to order in bulk and will need high turnover to cover your costs.

  • Kickstarter offers the option to add shipping costs by country. If you are shipping anything larger than a letter, it’s a good idea to take samples to the post office and get firm figures on shipping costs to countries where your backers are likely to reside.
  • Indiegogo does NOT offer the option for customized shipping costs. You’ll still want to visit the post office, but then you’ll need to back those costs into the price of the perk.

Fulfillment Dates

Kickstarter and Indiegogo ask you to input your estimated delivery date. We usually advise our clients to give themselves an extra month or two. There are often delays in production. And fulfillment itself can take longer than expected – you’ll have to collect all your backers’ shipping information – so it’s better to under-promise and over-deliver.

What’s Not Allowed

  • Kickstarter has the strictest rules. Investments, charities, contests, coupons, raffles, lotteries, alcohol, and other prohibited items may not be offered as rewards.
  • Indiegogo has laxer rules (please see our post on Kickstarter vs. Indiegogo for more). In particular, in contrast to Kickstarter, charities and non-profits are welcome. However, investments, contests, raffles, lotteries, alcohol, and other items are prohibited.

What Not To Do

Because you are committed to deliver exactly what you offered, at the price you offered it, and on the timeline you advertised, it’s very important to think your rewards and perks all the way through to fulfillment well before you launch. Once someone has pledged towards a perk, you can’t change anything about it – the price, description, or estimated delivery date. So writing up your rewards is not a last-minute activity. Do not:

  • Offer rewards for less than the cost of manufacture, packaging, and shipping (in particular, beware of swag).
  • Offer unlimited quantities of rewards for which realistically there is only a limited number you can fulfill.
  • Back yourself into a corner on your timeline for delivery.
  • Leave out key price points. Have something great at <$20, $20-$100, $100-$500, and $500+.
  • Assume everyone will be willing to pay over market value to support your project.
  • Assume no one will be willing to pay over market value to support your project.
  • Offer rewards that distract from your campaign.
  • Violate Kickstarter or Indiegogo policies on what can be offered.

If you would like a free crowdfunding analysis of your project, please fill out our Artist Questionnaire. We typically respond within two weeks. We look forward to hearing from you!