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How To Launch A Successful Crowdfunding Campaign:
Fund Your Production Run on Your First Try
By Zach Smith: Saturday, May 5th, 2018 @ 10:15 AM
A few preliminaries...
The Story of Our Journey
And NOW TODAY...
Why Crowdfunding and Why Might This
Presentation Matter to You?
Many of you are on Amazon.
How can crowdfunding benefit you?
Here’s Five (5) Reasons...
1. Kickstarter Backers are
Innovators and Early Adopters
Therefore, conversion rates are going to be much better than you’ll experience
on traditional e-commerce websites.
2. Kickstarter Backers are Forgiving...This...vs.
2. Kickstarter Backers are Forgiving...THIS :)
3. You Can “2.0/3.0/4.0” Your Existing Product(s)
4. You Can Validate Before You Manufacture
Fund your first production run with
very little cash upfront.
5. Grow Your Email List & Brand
● People connect with your brand, not Amazon
● An email List is often any company’s #1 asset
● Subsequent Kickstarter & Amazon launches will
be stronger
● Less dependent on Amazon
● An email list that is YOURS, independent of
ANY platform
The 7 P’s For Crowdfunding Success
P #1: PRODUCT
● Why is this product different/special/unique?”
● Is there something about your product, some benefit, that makes it
wholly special?
● Is your product “techy” or cool? How much ubiquity might your new idea have?
● Would you personally buy this product? Will your family and friends (FFF)
actually give you cash for it?
● Will a lot of people need or want this product and its benefits?
P #1 - Product: Example #1 - LunoWear
P #1 - Product: Example #2 - Onsen
http://fnd.to/onsen/
P #2: PLATFORM
The Probability of Raising X Number of
Dollars Through Crowdfunding
P #2: PLATFORM - Example
P #3: PRESENTATION
P #4: PROMOTION
http://fnd.to/juisir/ https://www.Funded.Today/cashback/
Paid Media
Earned Media/Outreach
Cross Collaborations Cashback
P #5: PRICE
P #5: PRICE - Margin Example
If you can’t spend money to make money,
you do NOT have a business!
P #6: PROBABILITY and PERCEPTION
● Everyone thinks their product is better than what’s out there, but, it’s got to be PERCEIVED as better too.
● A note on Perception: Each of our (7) P’s really have two (2) elements to them: The SUBSTANCE of the 7 P’s
and the PERCEPTION of these 7 P’s. You can have a Presentation “P” that conveys your product is $X value.
But you can CHANGE your presentation, and the PERCEPTION of your whole product will change. So, even
though your PRODUCT might not change physically, when you PRESENT it differently, your PRODUCT “P” will
change in the minds of your customers/backers. Onsen Towel - The product has SOME “intrinsic value
perceived” you cannot get elsewhere.
● Think of Apple: Clean, modern-looking product. Is it modern, is it sleek? Can one find/purchase this idea
elsewhere? Availability? Will the product get to the manufacturing stage or is the campaign too far from the
funding goal for people to feel confident in pledging?
● It's not always, "Are you building the better mousetrap?" It's, "Are you building the mousetrap that people
want RIGHT NOW." And this affects your probability.
● What are your chances of making this idea into a reality? Perception is an underlying component to ALL of
our “7 P’s.”
P #7: PEOPLE
Summing Things Up...
The Crowdfunding Success Equation: POTENTIAL + THE 7Ps = PROFIT
Funded Today’s 7 P’s for Crowdfunding Success…
1. Product 2. Platform 3. Presentation 4. Promotion 5. Price 6. Probability 7. People.
“If you’re underutilizing even one “P”, your
chances for success diminish drastically.”
ALL of “The 7 P’s” matter and...
Funded Today + Amazon
QUESTIONS? AND HOW TO GET IN TOUCH WITH US...
● Presentation Slides: http://fnd.to/weber/
● Apply For Our Services: https://www.Funded.today/get-more-pledges/
● Learn More about Crowdfunding: https://www.Funded.Today/blog/
● Zach Smith - CEO and CoFounder: zach@funded.today
Skype: startdoingbusiness
● Thomas Alvord - Chairman and CoFounder: thomas@funded.today Skype: thomasalvord
● For Additional Consulting for Amazon, Crowdfunding,or Small to Medium-Sized Business Help, Support,
and/or Inquiries please email: support@funded.today and Cc: zach@funded.today and thomas@funded.today

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How to Launch a Successful Crowdfunding Campaign And Fund Your First Production Run On Your First Try: Seller's Summit 2018 - Steve Chou's and Toni Anderson's Event

  • 1. How To Launch A Successful Crowdfunding Campaign: Fund Your Production Run on Your First Try By Zach Smith: Saturday, May 5th, 2018 @ 10:15 AM
  • 3. The Story of Our Journey
  • 4.
  • 5.
  • 6.
  • 8. Why Crowdfunding and Why Might This Presentation Matter to You? Many of you are on Amazon. How can crowdfunding benefit you? Here’s Five (5) Reasons...
  • 9. 1. Kickstarter Backers are Innovators and Early Adopters Therefore, conversion rates are going to be much better than you’ll experience on traditional e-commerce websites.
  • 10. 2. Kickstarter Backers are Forgiving...This...vs.
  • 11. 2. Kickstarter Backers are Forgiving...THIS :)
  • 12. 3. You Can “2.0/3.0/4.0” Your Existing Product(s)
  • 13. 4. You Can Validate Before You Manufacture Fund your first production run with very little cash upfront.
  • 14. 5. Grow Your Email List & Brand ● People connect with your brand, not Amazon ● An email List is often any company’s #1 asset ● Subsequent Kickstarter & Amazon launches will be stronger ● Less dependent on Amazon ● An email list that is YOURS, independent of ANY platform
  • 15. The 7 P’s For Crowdfunding Success
  • 16. P #1: PRODUCT ● Why is this product different/special/unique?” ● Is there something about your product, some benefit, that makes it wholly special? ● Is your product “techy” or cool? How much ubiquity might your new idea have? ● Would you personally buy this product? Will your family and friends (FFF) actually give you cash for it? ● Will a lot of people need or want this product and its benefits?
  • 17. P #1 - Product: Example #1 - LunoWear
  • 18. P #1 - Product: Example #2 - Onsen http://fnd.to/onsen/
  • 19. P #2: PLATFORM The Probability of Raising X Number of Dollars Through Crowdfunding
  • 20. P #2: PLATFORM - Example
  • 22. P #4: PROMOTION http://fnd.to/juisir/ https://www.Funded.Today/cashback/ Paid Media Earned Media/Outreach Cross Collaborations Cashback
  • 24. P #5: PRICE - Margin Example If you can’t spend money to make money, you do NOT have a business!
  • 25. P #6: PROBABILITY and PERCEPTION ● Everyone thinks their product is better than what’s out there, but, it’s got to be PERCEIVED as better too. ● A note on Perception: Each of our (7) P’s really have two (2) elements to them: The SUBSTANCE of the 7 P’s and the PERCEPTION of these 7 P’s. You can have a Presentation “P” that conveys your product is $X value. But you can CHANGE your presentation, and the PERCEPTION of your whole product will change. So, even though your PRODUCT might not change physically, when you PRESENT it differently, your PRODUCT “P” will change in the minds of your customers/backers. Onsen Towel - The product has SOME “intrinsic value perceived” you cannot get elsewhere. ● Think of Apple: Clean, modern-looking product. Is it modern, is it sleek? Can one find/purchase this idea elsewhere? Availability? Will the product get to the manufacturing stage or is the campaign too far from the funding goal for people to feel confident in pledging? ● It's not always, "Are you building the better mousetrap?" It's, "Are you building the mousetrap that people want RIGHT NOW." And this affects your probability. ● What are your chances of making this idea into a reality? Perception is an underlying component to ALL of our “7 P’s.”
  • 27. Summing Things Up... The Crowdfunding Success Equation: POTENTIAL + THE 7Ps = PROFIT Funded Today’s 7 P’s for Crowdfunding Success… 1. Product 2. Platform 3. Presentation 4. Promotion 5. Price 6. Probability 7. People. “If you’re underutilizing even one “P”, your chances for success diminish drastically.” ALL of “The 7 P’s” matter and...
  • 28. Funded Today + Amazon
  • 29. QUESTIONS? AND HOW TO GET IN TOUCH WITH US... ● Presentation Slides: http://fnd.to/weber/ ● Apply For Our Services: https://www.Funded.today/get-more-pledges/ ● Learn More about Crowdfunding: https://www.Funded.Today/blog/ ● Zach Smith - CEO and CoFounder: zach@funded.today Skype: startdoingbusiness ● Thomas Alvord - Chairman and CoFounder: thomas@funded.today Skype: thomasalvord ● For Additional Consulting for Amazon, Crowdfunding,or Small to Medium-Sized Business Help, Support, and/or Inquiries please email: support@funded.today and Cc: zach@funded.today and thomas@funded.today

Notes de l'éditeur

  1. Promotion ELG - 2. Build a responsive, engaged email list that doubles or even triples your initial investment, within 60 days. Platform -They just depend on Amazon for everything. Platform - If Amazon ever shut them down, they are screwed. Platform - Pain Points: Cashflow, they don't know how to build a brand, they don't know how to sell outside of Amazon. Bottomline: It's getting very competitive right now and there are all of these Chinese sellers on their now.
  2. Promotion ELG - 2. Build a responsive, engaged email list that doubles or even triples your initial investment, within 60 days. Platform -They just depend on Amazon for everything. Platform - If Amazon ever shut them down, they are screwed. Platform - Pain Points: Cashflow, they don't know how to build a brand, they don't know how to sell outside of Amazon. Bottomline: It's getting very competitive right now and there are all of these Chinese sellers on their now.