- Joined
- Nov 14, 2011
- Messages
- 2,486
Rep Bank
$5,040
$5,040
User Power: 433%
A lot of members on this forum have shown an interest in crowdfunding lately, so I decided to make this thread to share what information I can to help anybody out. I am the founder TeamCrowdFund.com and I am looking to getting my book published this year on the topic.
If anybody has any crowdfunding questions, ask away and I will be happy to help fellow fastlaners out.
The Number One Mistake People Make With Crowdfunding
You have to prepare for your campaign and build a crowd before you even think about launching your campaign. I cannot stress this enough. Unlike launching a website or business, the clock starts ticking on your campaign the moment you go live. You have 30-60 days to raise your funding and you don't want to be wasting time building a contact list of potential funders when you don't have time on your side.
Nobody Will Find Your Campaign Page
Crowdfunding websites are businesses with the ultimate goal of making money. The only way they make their money is by taking a percentage of money funded through your campaign. For this reason, they want to give high rank to, and feature, the campaigns that have the greatest potential of getting funded. When you get funded; they get funded.
If you look at any of the websites like Kickstarter.com or Indiegogo.com, all the campaigns on the top of the search results have one thing in common: They already have proven that they can make Kickstarter or Indiegogo money.
Summary
You have to build a pre-launch contact list of potential funders before you launch your campaign and send them to your campaign page as soon as you launch. You are the only one responsible for your success or failure.
I wrote a full article in the Getting Started section on TeamCrowdFund.com on this topic if you would like to read more.
If anybody has any crowdfunding questions, ask away and I will be happy to help fellow fastlaners out.
The Number One Mistake People Make With Crowdfunding
You have to prepare for your campaign and build a crowd before you even think about launching your campaign. I cannot stress this enough. Unlike launching a website or business, the clock starts ticking on your campaign the moment you go live. You have 30-60 days to raise your funding and you don't want to be wasting time building a contact list of potential funders when you don't have time on your side.
Nobody Will Find Your Campaign Page
Crowdfunding websites are businesses with the ultimate goal of making money. The only way they make their money is by taking a percentage of money funded through your campaign. For this reason, they want to give high rank to, and feature, the campaigns that have the greatest potential of getting funded. When you get funded; they get funded.
If you look at any of the websites like Kickstarter.com or Indiegogo.com, all the campaigns on the top of the search results have one thing in common: They already have proven that they can make Kickstarter or Indiegogo money.
Summary
You have to build a pre-launch contact list of potential funders before you launch your campaign and send them to your campaign page as soon as you launch. You are the only one responsible for your success or failure.
I wrote a full article in the Getting Started section on TeamCrowdFund.com on this topic if you would like to read more.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
