Raising Funds With Business Crowdfunding Tools Part 1 of 5

Raising Funds With Business Crowdfunding Tools Part 1 of 5
By Dr. Letitia Wright

Crowdfunding is a term that covers many different things under business funding. If you think of Go Fund Me then, you’re missing out on what generated $187 Billion in 2018. It’s a whole lot bigger than Go Fund Me. Business Crowdfunding is going to grow past that in 2019 even if the American economy takes a dip because the worldwide economy is still growing and people can invest outside of the United sTates. Most wealthy American investors DO invest outside the United States. But that is a discussion for a different article.

Websites for crowdfunding are tools. They are not crowdfunding itself. The sites you use are merely a tool on which you crowdfund. In some cases ( not all) you don’t have to use a website, you can do crowdfunding on your website if you choose. I am not going into the details on that in this article, but I want you, dear reader, to understand that the option does exist. Successful business crowdfunding depends on having better tools at hand. Making sure you have the right website for your business or project is key to being successful. Thoughtful consideration to which site you are using is critical. When you only know about the “BIG THREE”: Kickstarter, Indiegogo, and Go Fund Me and there are over 2, 500 to choose from, you can not possibly make a good choice for yourself.

Most people who are running a business do not have the time to do the proper research. When people tell me they have been “looking” into crowdfunding and “researching it,” I am a bit skeptical. Not because I think they are not smart enough. I think, in today’s world, where we are over-committed, over-informed with information we don’t need and generally over-whelmed as business owners, I can’t imagine how anyone has the proper time to do that. Even if you read five books on crowdfunding before you crowdfund, it would take you anywhere between 2-6 months to do that, and your skill level would still be very low because you have never done it before. Imagine reading all the books on how to play baseball and then getting your turn at bat in a major league baseball game. Your knowledge of the game is there, but your skill level is not up to par with everyone else.

So having a strategy is very important. A crowdfunding strategy is a must-have tool. It’s the first thing you need before you start figuring out what website to use. Having someone who helps you put together a winning strategy is essential. 65% of people trying to crowdfund do not reach their goal. They think they are going to copy a successful campaign, but it’s hard to do with explicit knowledge of that strategy. I’ve helped reach and raise their goals over and over. And I’ve also helped people do a business check so they can improve their company over and make money in other ways.

I work with Purposeful, Passionate Female Founders who are looking for alternative funding, if that’s you, let’s talk! You can get on my calendar at
http://www.meetwithDrWright.com

Maker 100 on Kickstarter

 

 

Let’s talk about Maker 100. Maker 100 is this cool thing that Kickstarter does only in January. If you’re reading this article and it’s way past January 2019, you’ve missed it. Maker 100 is perfect for creatives. You can make 100 things, whatever these creative things are, and sell them on Kickstarter. It’s a beautiful way of doing something and figuring out whether or not this thing you created, can sell in 2019.

So, if you’ve got a new product line, or If you’ve got a new set of photos, a new set of art, something new and creative that’s coming out, you can test it here. Maybe You’ve got a book. I’m even considering a journal. I’m considering creating a financial journal. I’m considering creating a journal and putting that out there. Here’s the thing: If you can get 100 people to back and support you, how awesome would that be? So, go to Kickstarter, check out the Maker 100, and see if it’s time to kick that off.

It may be time for you to work on your particular project, and if you need help with your projects , then it’s time for you to DM me. Just direct message me or go to www.meetwithdrwright.com. That’s how you get a one-on-one private conversation with me about your project so we can see what you need and how I might be able to help and if I might be a good match to work with you. It’s an excellent way for us to figure that out. So if you are a creative, and Kickstarter is made for creatives, it’s a wonderful place for creatives, the Maker 100 is an excellent testing ground for exactly what you’re doing. It only happens in January. So, January 2019 is coming up quickly, and all you creatives, it is time!

Quickstarter Class with Dr. Letitia Wright

 

This new class is about a new thing happening on Kickstarter, it has great potential to really help you figure out if your idea or expansion project

will be a winner. I’m going to show you how to best use it, so that you are not wasting time.

 

I”l also be teaching you a few more about the best ways to use crowdfunding for capital for your company.

 

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