Tag Archives: the artist’s partner

campaign troubleshooting

Troubleshooting Your Campaign: Small Outreach

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If you need 100 backers, you need an audience of 1,000. What if you don’t have that kind of outreach?

Adam's Creation, Michelangelo
Adam’s Creation, Michelangelo

When most of our clients crunch the numbers, they find their communication networks don’t match their needs (or wants). Since climbing stairs is easier than cliff, we recommend taking multiple small steps towards closing the gap.

  • Consider the pared-down version of your project that matches the audience you do have. It’s easier to build your network when you have more than just an idea. Start with a more modest project and use that to help attract your audience.
  • Make a 7-part plan to build your communication networks. Effective Frequency applies to building your network, too!
  • Work with an extroverted buddy. Enthusiasm can be contagious. Get some help from someone who actually enjoys marketing.
  • Brainstorm networks you can borrow. You always want to have a working list of Influencers – people already talking to your audience who can share your work with them. Build those relationships.
  • Construct tiers of Stretch Goals. Momentum builds on success. Figure out how to break your campaign down into small bites that you and crowd can tackle one at a time.

Remember, it’s not whether a restaurant is big or small that makes it feel lively – it’s how packed it is. Ultimately, you’ll want to right-size the launch of your campaign to fit the crowd you can draw, and expand from there.

If you would like a free  personalized diagnostic of your crowdfunding idea – a $125 value! – please fill out our Artist Questionnaire. We typically respond within two weeks.

campaign troubleshooting

Troubleshooting Your Campaign: Weak Video

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Even if your project has nothing to do with moving pictures, you will still need a decent video that won’t actively scare prospective backers away. (If your project is a film or video game, you will need a professional level video.)

broken-video-cassettes

You don’t need to go overboard, and you don’t need to spend a lot of money. But with your video, craftsmanship counts as much as the concept. These are some common video problem areas, and some suggestions on how to turn a poor video into a functioning one.

  1. Too long. If your video is over 59 seconds, cut it.  Your video is, essentially, an ad. Long is bad. (Again, this does not apply to films or video games – full length feature trailers can be up to 3 minutes long. It may not apply to music albums, if your promo is a full-length music video.)
  2. Poor sound quality. It is much better to have a simple slideshow with a good quality musical soundtrack than poor quality sound of anything else. Even if you are just shooting your video on your phone, it is worth an under $100 investment in a microphone that can plug into your phone or laptop. (If your project is a film or album, you will need professional level sound recording and editing.)
  3. Endcards, credits, and cuts. We are trained to expect information at the beginning and the end of a trailer about a project, and we are accustomed to certain kinds of video cuts and transitions. The simple, free video software that came with your phone, laptop, or tablet should suffice to give your video that little bit of polish that helps to orient the viewer.
  4. Soundtrack. There is rights-free digital music available on the internet. Be very careful here: if you run afoul of copyright, your platform has the right to just delete your campaign. Use good judgement and pick some fitting tunes.

Pay attention to the details, and take the time to get them right. A good concept alone will not make your viewer feel comfortable pulling out their wallet for you. A minimum level of professionalism is required.

For a free analysis of your crowdfunding idea, please fill out our questionnaire. We send a personalized diagnostic of your idea’s strengths and weaknesses – a $125 value! – within 2 weeks.

campaign troubleshooting

Troubleshooting Your Campaign: Your Marketing Plan Turned Into Spam

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Sometimes our clients’ marketing plans spiral into spam.

spam_wall

For some it’s enthusiasm; for others, it’s anxiety; sometimes, it’s the high from the instant feedback that’s available online. Whatever the reason for taking their feet off the brakes, the result is the same: their marketing plans turn into a big mess of spam. Needless to say, this is not effective marketing.

If you find yourself posting, tweeting, blogging, updating, and/or emailing more and faster and from the hip, while simultaneously the response – likes, comments, replies – is tanking, your campaign is spiraling into spam.

STOP!

Force yourself to put a 24 hour moratorium on any form of electronic communication. If necessary, turn off all of your devices.

Take a deep breath. Look around at the beauty of the real world.

THEN go back and look at your marketing strategy. (As a reminder, Effective Frequency is the marketing golden rule that an audience needs to hear a message seven times to act on it.) Where did your marketing plan go off the rails?

  • Did you just have the idea “seven” but no real plan?
  • Did you have a rough outline, but incomplete content or dates?
  • Did you have a clear plan, but then emotions overruled it?

If you never really had a complete plan to begin with, make one now. A good seven-part marketing plan tells your key message in seven different ways, building momentum first towards campaign launch, and then towards its deadline (e,g., crowdfunding campaigns actually have two seven-part marketing plans back-to-back). It has not just words, but pictures (including faces), is brief, engaging, branded, and ideally, each piece stands alone but ties into a bigger arc. If that sounds like a lot, it is! Coming up with a good marketing strategy takes some time and work, but it’s necessary because this is the work that pays off with audience engagement.

If you had a good plan, but then strayed away from it, you’ll need to develop some self-awareness and discipline around the things that trigger you to derail. For some of our clients, this has meant no social media after midnight. For others, it means they need to bring in a second set of eyes – no posting without coach approval first. If this sounds easy, don’t be fooled: breaking bad habits and developing good ones is very hard.

For whatever reason, if you’ve accidentally started spamming your audience: stop. Take a step back. Regroup, plan, and get back on message. You can do it!

If you would like a free  personalized diagnostic of your crowdfunding idea – a $125 value! – please fill out our Artist Questionnaire. We typically respond within two weeks.

campaign troubleshooting

Troubleshooting Your Campaign: Orphan Perks

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Sometimes campaigns offer a perk that nobody buys.

Even with advance planning, market research, and the best of intentions, it can still happen to you: you’ll offer a perk that sounded great on paper but that no one actually buys.

The Pittsburgh Cultural Trust's "Annie"
The Pittsburgh Cultural Trust’s “Annie”

Since the number zero is unwelcome anywhere on your campaign, it’s worth considering proactively addressing any “orphan” perks within the first few days of launch.

  1. Is the perk central to your project? If people are just not buying your project, you have some work to do. You may wish to make this your “featured perk” at the top of the menu (an option on Indiegogo), update your campaign “story” with some attractive images of the perk, declutter your perk menu, or otherwise make an important perk stand out.
  2. Doublecheck the pricing. Have you accidentally priced yourself out of the market? Or have you failed to describe an important element of the perk that justifies its price? Make sure your campaign visitors understand they value they will get for their money.
  3. Is the perk not central to your project? If not, you may wish to simply remove it to declutter your perk menu. From a crowd psychology point of view, it is much better to have a smaller, well-subscribed perk menu than a longer list with low participation.
  4. Especially for smaller-ticket items, is there anyone you can invite to specifically purchase the orphan perk? Sometimes people are afraid to be the first to do something, unless they are individually asked. If your perk menu is not long and you can’t find a good reason for no-one buying a particular perk, you may just need to give it nudge to get the ball rolling.
  5. For larger-ticket items, check with your Benefactors. If your Benefactors are committed to the project but haven’t shown up within the first few days of your campaign launch, it’s worthwhile having a polite, timely conversation with them.
  6. If you don’t have Benefactors lined up, you should take orphan big-ticket items down. They make you look delusional and may scare prospective backers away. As a reminder, it is extremely unlikely that strangers will emerge with $500+ pledges to your campaign. These “Benefactor” relationships are cultivated in the months leading up to launch. However, if a Benefactor does get on board during the month of your campaign, you can always add a perk for them, or they can simply make a financial contribution and you can work out the details with them privately, without wording it as a public perk.

You can’t control everything when it comes to crowdfunding – but you can control whether or not the number zero is making your campaign look like a loser. It is worthwhile being aggressive in the early days of your campaign to make sure any zeros are eliminated.

If you would like a free  personalized diagnostic of your crowdfunding idea – a $125 value! – please fill out our Artist Questionnaire. We typically respond within two weeks.

campaign troubleshooting

Troubleshooting Your Campaign: Talking About Money

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Most of our clients say they hate “asking for money”.

It’s a common refrain from our clients: “I don’t like asking for money.” We remind them that crowdfunding for an artistic project or small business start-up is not “asking for money”. Crowdfunding is the mechanism for people to buy their book, film, album – their project. This reminder rarely gets them over the hump, because…

"Sales Reluctance" image from LinkedIn
“Sales Reluctance” image from LinkedIn

 What most of our clients actually hate is selling their project.

This is a fundamental problem. Crowdfunding is selling your project. It sets up the means for a transaction to take place: backers send you money, and in exchange, you send them what you’ve been working on. If you’re not comfortable with that – and in fact, most of our clients are not comfortable with it at all – some strategies are going to be required to get over that hump, or your campaign is unlikely to fund.

This requires identifying the source of your discomfort, and addressing it directly. Here are some common reasons our clients balk at sales, and the post-it note mantras that combat them:

  1. I will know which friends and family don’t support my project. The majority of people you invite to buy your project will decline. It’s not personal. You can choose whether to be insulted by the friends and family who don’t financially back your project, or let it go with grace. Post this on your bathroom mirror: I love my friends and family, and I love my project, and those are separate things.
  2. I am afraid that when I actually do market research, my work won’t measure up. To understand how to sell your work, you will need to know what is currently attracting your audience, and how. Comparison easily sows the seeds of discontent. Here it’s important to affirm your internal process: I am proud of doing my best work.
  3. I am discouraged by how low the market price for my genre of work is. We live in a mass-production world, which means the market price of a book, album, or DVD is low, and profit margins are slim. It may feel unfair, but pricing yourself out of the market is not going to help you generate sales. Remind yourself: I am pricing my work to sell it, but price and value are not the same.
  4. I am afraid to fail at crowdfunding because it is public. Crowdfunding ties directly into our number one fear: public speaking. We are terribly afraid of being judged and rejected, so we hide. It’s not possible to run a hidden crowdfunding campaign, though. The only real salve for the fear of external reaction is internal affirmation. Make a list of the things you do for yourself that make you your own best friend, and commit to doing at least three things on that list every day for the duration of your campaign. Tell the judge in your brain to take an extended vacation until after the campaign is over. 
  5. I am afraid of success and what it might do to my status quo. Most of us fear the unknown, and the truth is that running a crowdfunding campaign is likely to produce changes you can’t predict. The fear of success is often actually the fear of change and potential loss. Do you trust yourself to handle whatever comes up? Remind yourself of a time you are proud of yourself for how you handled unexpected changes. Come up with a codeword for that experience and post it where you’ll see it.
  6. This is the first time I am publicly identifying as an artist or entrepreneur. Many of our clients are afraid of being found out as a “fraud” or not being a “real artist” or a “real entrepreneur”. But you get to decide who you are and what you do, unless you choose to relinquish that power to other people. Take that power back. Fake it til you make it. Post it on your mirror. I am an artist. or I am an entrepreneur.
  7. I am afraid my work is not ready to go public and I am rushing to get it over with. Sometimes, we’re just afraid of the work it will take to get something ready. We’re tired and we want to move on. If you think your discomfort at sales may be because your work is simply not ready to sell, get a second opinion. Talk to someone with experience in your field who will be honest with you. If your work is not ready to go to market, embrace the joy that comes with the discipline of work well done. Don’t overdo it, just take the time to do it right.
  8. I am new to sales and it is hard to practice something new in the public eye. We are afraid to fail, especially when others might see us make mistakes. Unfortunately, sales is something that we can’t really practice in the privacy of our homes. You WILL make mistakes at sales that other people see. There’s no preparation that will prevent this. Embrace it now. I tell myself, if I just get one task out of three right, that would be enough to put me in the baseball Hall of Fame. Post it on your mirror. I’ll make mistakes most of the time, and that’s ok.
  9. I need immediate validation on message 1 to continue through messages 2-7 of an effective marketing plan. The hardest part about marketing is that it feels like shouting into the wind until it doesn’t. The marketing principle of Effective Frequency states that an audience must hear a message 7 times to act on it. By the time you’ve shared your message 2 or 3 times, you may start to feel like a bleating idiot. It is exhausting, and it is extremely tempting to give up. Here, you just have to trust the process. There is no short cut. I will make a 7-part communication plan, and stick to it, no matter what.
  10. I am not good at time management and fear deadlines. Time management is a skill that can be learned. If you don’t know where to start, a good place is: I will set my timer for 30 minutes each day to tell people about my crowdfunding campaign. You don’t need to commit to an outcome – commit to a process.
  11. I am just doing this crowdfunding campaign because I need the money. If you don’t actually want to sell your work – if you do not want your art to also be a business enterprise – you will not succeed at making money on it. There are other ways to make money. Crowdfunding is cost-effective marketing, not a paying job.
  12. I am doing crowdfunding to get rich. Less than 0.1% of crowdfunding campaigns raise millions – and those that do typically need millions to produce the project (e.g., a major film or game). If you want a chance to get rich quick, try a casino. Crowdfunding is hard work, and the payoff is the satisfaction of funding the production of the project.

This is only a limited list. If you find yourself struggling with sales, you will need to set aside a decent block of time in a safe space, take a deep breath, and do some hard internal work to find why, exactly, sales and marketing makes you uncomfortable. Then you will need to develop a message to yourself that you can post on your bathroom mirror and put in your wallet that gives you power over that fear or frustration.

Crowdfunding is hard. It is hard because the path to success is almost certainly paved with a lot of rejection, disappointment, and embarrassment. There is no path to success that will prevent these feelings. Develop a plan now, not to prevent these feelings, but to rebound from them.

If you would like a personalized analysis of your crowdfunding plan, please fill out our questionnaire. A detailed report – a $125 value! – will be delivered for free in two weeks.

campaign troubleshooting

Troubleshooting Your Campaign: Weak Tagline

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It’s very hard to boil a project down to a good tweet, but that’s exactly what you have to do.

Most crowdfunding platforms prominently feature taglines. They show up in two ways: at the top of the campaign, and as an element of a campaign’s “snapshot” in the platform’s search function. Along with your key campaign image and the funding meter, the tagline is part of your first impression to potential backers, so it’s important to get it right.

tag-line-2

It is difficult for our clients to distill what is often years of work down to one sentence (hardly surprising!). Here are a few common pitfalls, and how to fix them:

  1. Ambiguous tagline. Something along the lines of “A thrilling story continues” is a common early tagline contender. But this tells us nothing about the project. It’s important to be specific – details sell. “Armed guards return Zack to the troubled teen compound” tells the visitor what the project is actually about.
  2. Dry tagline. Sometimes, in the effort to distill down the project, the artist is left with just the facts and not the heart of the work. An example was “Charlotte Salomon, a young Jewish woman in exile, makes the choice to use art as her weapon against racial violence, the family illness and time itself – Water or Glass is a multi-media play that follows one family’s women through 3 generations and 2 world wars.” After lots of revisions, this became: “A multimedia play about Charlotte Salomon, the painter who found her voice amid the Nazi nightmare.”
  3. Complicated tagline. Pruning down to the central message of the project is hard. In the example above, the early blurb lacks focus. It took months to pare away everything unnecessary. Writing a good tagline cannot be done in a day. Leave yourself lots of time, and try the Rule of 10 – start by writing the first thing that comes to your mind, and then write 9 more taglines without reusing any words. Sleep on it. Come back the next day, pick the best elements, and do it again. Simplify, and be ruthless.
  4. Pleading tagline. It’s a trap to avoid anywhere in a crowdfunding campaign: sounding desperate. This chases backers away. It’s especially important to avoid taglines like “Help! I need money!” That is NOT what your project is about. You are funding an amazing work. That is what the tagline is about.

Because the tagline is only a few words, it seems like writing it will be easy and fast, but it is not. Start early and revise often. Get lots of feedback. Remember to be specific, and pick one or two key details that reveal the heart of the work. This will strike the emotional chord that will help to get prospective backers on board.

tagline

Above to the left is the Crowdfunding for Authors campaign homepage, and to the right is the “snapshot” that comes up when “crowdfunding for authors” is entered into the Indiegogo search function. The tagline, “A step-by-step guide to crowdfunding your book”, appears prominently in both (along with the book cover, and the funding meter).

For a free analysis of your crowdfunding idea, please fill out our questionnaire. We send a personalized diagnostic of your idea’s strengths and weaknesses – a $125 value! – within 2 weeks.

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Troubleshooting Your Campaign: You’re Not Going To Hit Your Target

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Even with advance planning, it’s possible that your campaign won’t fund. Commitments may not materialize, the goal may have been too ambitious, and your campaign deadline may pass without the target being reached.

missing-the-mark_hp1

What to do? Part of the answer depends on the funding mechanism of your platform. Some, like Kickstarter, are “all-or-nothing” – either you hit your target, or you receive $0. Others, like Indiegogo, have a “flexible funding” option*, whereby you keep any funds raised, even if your target is not hit.

*It’s important to note that many platforms that have a flexible funding option, like Indiegogo, require you select it before launch – meaning you can’t switch to flexible funding at the last minute if it looks like you are not going to hit your target.

All-Or-Nothing Platform (e.g., Kickstarter)

Clearly, it would be highly disappointing to do all the work of preparing for a campaign and then end up with nothing. There are a few options in this case:

  • If you are close to your target, you may want to self-fund. This is a little tricky, because Kickstarter and some other platforms don’t let you pledge to your own campaign. But, you could have a trusted person – a spouse, sibling, friend – pledge on your behalf, and then refund them.
  • If you aren’t close to your target , you may wish to relaunch your campaign with a lower target immediately after your first campaign closes. You’ll need clear messages here: what the revised project is with a lower budget, when and where to find the new campaign, a way to get reenergized. You also need to recognize that not everyone who pledged the first time around will come back. They may be discouraged or lose interest.
  • Or, you may wish to go back to the drawing board, enlist new backers, and run the campaign again – with an exciting new message – another 3-12 months down the road.

Flexible Funding Option (e.g., Indiegogo)

  • If it’s an available option, you may want to extend your deadline. Some platforms, like Indiegogo, may offer you a one-time deadline extension. If it looks like you need it, take it. Then get excited about it. Share how thrilled you are that the campaign has done so well, and that you’re so glad to continue for another month. The temptation here is to apologize or whine. Don’t do that. Repeat: DO NOT APOLOGIZE FOR EXTENDING THE DEADLINE. Be proud and excited. Whiners don’t get backers.
  • If you are close to your target, you may want to self-fund. Although you’ll get the money anyway, there are some features, like Indiegogo’s “InDemand”, that only switch on if you reach your target before the deadline. There’s also a crowd psychology boost that happens at 100% funded that may help you to attract the additional outside funds you need.
  • If you aren’t close, update the campaign message to a lower target. Visitors to your campaign will be discouraged by the fact that the deadline is close and you’re not at 100% – help overcome this by explaining what funds to a smaller target will go towards. Make sure this is right at the top of the page – don’t expect visitors to read all the way down to the bottom.

In either case, you’ll also want to review the campaign experience after it is over to examine exactly why it didn’t reach its target. Crowdfunding is marketing, and this intel will help you market your project when it is released.

  • Did the VIP Soft Launch not get the campaign to 40%+ funded before it went public? If so, why?
  • Did Benefactors not honor their commitments, or were the amounts smaller than expected? If so, why?
  • Was the Rule of 7 not applied well prior to launch, and/or prior to deadline? If so, what prevented excellent execution?
  • Was the campaign poorly timed? Were your potential backers distracted? If so, what would have been a better time of year? Does this influence your project launch in any way?
  • Did your prospective buyers not understand how to shop online on a crowdfunding platform? If so, how will you sell your project?
  • Were your perks and rewards overpriced, or otherwise unattractive? If so, how can you improve your perks?
  • Did your campaign not have the right “look”? If so, how can you improve your brand to attract your audience?
  • Did your email / social media response rates not match your projections? If so, why? How can engagement be improved?
  • Were other projections not realistic? If so, what would have been realistic figures to use?
  • Did your attitude about the crowdfunding process sour at a certain point? If so, why? What could be done to keep a positive attitude when marketing your project?

Remember, crowdfunding is just one potential step to producing your project, and hitting your target is not a requirement for your project’s success. We have had clients whose campaigns did not fund, but who went on to great success because of the valuable lessons learned. We have also talked to many prospects who realized crowdfunding was not for them, and they went on to find other creative ways to produce their projects. So, if you run a campaign that doesn’t fund, acknowledge that it hurts – and then move forward.

If you would like a free  personalized diagnostic of your crowdfunding idea – a $125 value! – please fill out our Artist Questionnaire. We typically respond within two weeks.

campaign troubleshooting

Troubleshooting Your Campaign: Funding Gap

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It’s the second most common challenge* our clients face: the analysis shows their likely funds raised is less than their budget. So, what to do if you need $10,000 to produce your project, but the projections only indicate you have the capacity to raise $5,000?

man-with-an-empty-piggybank_1133-68

  1. Set a target you can hit. The biggest mistake our clients make is setting a target higher than they project they can hit.  It may be counterintuitive, but The Bandwagon Effect means that setting a low target and then building with Stretch Goals is enormously more effective than setting a high target and struggling to get there.
  2. Adjust your project to match a target you can hit. If you’re publishing a book, start with the eBook. If you’re recording an album, start with the “unplugged” version. If you’re shooting a film, simplify your shooting schedule and locations. Whatever your project, get creative about finding ways you can produce a simpler, more cost-effective version of it. Then parse out the costs between the pared-down and full versions. These become your Stretch Goals.
  3. Or give yourself time to build the relationships that can get you to your full budget. If there’s no way to cut your budget and still match your vision, then what you need is time. Time to court Benefactors, time to grow your email list and social media following, and time to develop Influencer relationships. Don’t set your launch date until you know you can get to at least 40% funded during your VIP Soft Launch, and you know where the rest of the funds will be coming from during the month of your campaign.
  4. Don’t forget Stretch Goals. We’re not sure why our clients resist the idea so strongly, but Stretch Goals are much more effective at raising more money than setting a high initial target. You can always raise more money than your target, and in fact, once your campaign is perceived as a “winner”, that is usually exactly what happens. Develop clear Stretch Goals messages well in advance of your campaign. As we like to say, ‘it’s easier to climb stairs than a cliff’.

*The most common – almost universal – challenge our clients face is that they do not realize how much time they need to adequately prepare, typically 6-12 months.

So, if you find yourself with a funding gap, don’t despair. Just find ways to improve your projections, reduce your budget, or meet halfway.

If you would like a personalized analysis of your crowdfunding plan, please fill out our questionnaire. A detailed report – a $125 value! – will be delivered for free in two weeks.

 

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Troubleshooting Your Campaign: Platform Glitches

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About half of our clients’ campaigns experience some sort of platform glitch.

technical-difficulties

Sometimes these arise prior to launch, and sometimes during or even after the campaign. It can be pretty stressful. Some examples include:

  1. A required form in the “Payments” section that wouldn’t save the correct campaign owner birthdate, which interfered with funding
  2. Accidentally putting the wrong checking account information in, and then not being able to change it, which led to a delay in payments after the campaign
  3. Accidentally launching the campaign several days too early, and then being unable to “un-launch” it
  4. Delays in the platform’s campaign review process, which led to a delay in launch
  5. Being unable to reconcile the reports from the platform and the payments processor until two weeks after campaign close
  6. An erroneously generated platform email that bombarded the campaign owner’s inbox every time a pledge was made

Adding to the stress is the fact that neither major platform (Kickstarter nor Indiegogo) have a phone or chat help line. Problems are addressed via email. Our observation is that getting a problem resolved typically takes 24-72 hours, M-F. The pattern is:

  • Client submits help request through online form
  • Platform immediately sends autoresponse email with help ticket number
  • Platform sends generic response email within 24 hours, with the same information that is in the “help” section on their website, which invariably is not helpful
  • Client replies to that email, saying thank you, but that does not solve my problem, which is [x]
  • Finally, platform actually solves problem within another 24-48 hours and an actual person sends email to Client to that effect.

In over three years we have so far not had a problem come up that was not ultimately solved. But the solution has never been instantaneous. Both Indiegogo and Kickstarter update their interfaces regularly, meaning there is a constant source of new glitches. It can be pretty harrowing. It’s tough advice to follow, but if you are in the midst of a glitch, don’t panic.

Finally, here are a few pointers to avoid some common glitch issues altogether:

  • Some core information, like payment and identity information, is locked once submitted. Enter this information early, when you are clear-headed, not in a rush, and have a level-headed person with you to doublecheck your entries before you hit “submit”.
  • Be very careful any time your mouse approaches the “launch” button. Don’t click through dialogue windows on autopilot. Don’t launch when you mean to “save draft”.
  • Remember that Kickstarter and some other platforms will need to approve your campaign before it is eligible for launch. Submit your campaign for review 3+ days before you plan to launch so there is time to get their approval or correct any issues.
  • Generally speaking, enter core information early so that if there are issues, you have plenty of time to resolve them.

If you would like a free  personalized diagnostic of your crowdfunding idea – a $125 value! – please fill out our Artist Questionnaire. We typically respond within two weeks.

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Troubleshooting Your Campaign: Stalling Out Midway

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Crowdfunding is a marathon, and most of our clients hit the wall halfway through.

Actually, crowdfunding is more like two back-to-back marathons, one leading to launch, and one leading up to the deadline. Executing a sustained 7-step marketing strategy is very hard work, and halfway through, it can feel exhausting – even futile.

This is exacerbated during marathon two – the month of the campaign – because backer behavior makes the middle of the month feel like even more of a slump. This data from Kickstarter shows that most pledges are made at launch and deadline, leaving an anxiety-inducing doldrums in the middle.

pledge pattern graph

There is no fighting human behavior. So our advice to our clients if they hit the mid-campaign stall-out is simple:

Go ahead and take a vacation from your campaign when few people are likely to be pledging to it anyway.

Stop the incessant hitting of the refresh button on the browser window showing your campaign. Turn off social media. Log out of your email. Put all electronic devices down, and go do something that fills your heart up. Two or three days away is not going to sink your campaign. In fact, your buoyed spirits are far more likely to propel your campaign forward than frantic, exhausted tweeting ever could. Walk away and come back refreshed – and potentially, with some fresh ideas.

If you would like a personalized analysis of your crowdfunding plan, please fill out our questionnaire. A detailed report – a $125 value! – will be delivered for free in two weeks.