How to make the most of your crowdfunding campaign - UDOO case history
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How to make the most of your Crowdfunding campaign UDOO case history
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How to make the most of your crowdfunding campaign the UDOO case history
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How to make the most of your Crowdfunding campaign
UDOO case history
www.aidilab.com
Who we are?
Founded in 2010 as a startup of the Interaction Design Lab (IDA) of Siena University, AidiLab is a design studio that takes care of user interface (UI), user experience (UX) and the development of products, services, spaces and interactive experiences based on methodologies and concepts interaction, at the forefront in the italian digital scenario.
www.aidilab.com
UDOO is a new generation of tiny single-board computer developed by Aidilab and Seco. Founded on Kickstarter thanks to the 4,172 worldwide backers, UDOO will be released on September.
www.aidilab.com
What is it Crowdfunding?
“describes the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations” Wikipedia
“It’s not about hunting whales, it’s about amassing support.” Kickstarter blog
Pooling of funds from the people who are passionate about an idea.
www.aidilab.com
A good idea is not enough!
Get an idea that excites the user as possible supporter
Work with a multidisciplinary team
Define the project using methodologies such as Business Model Canvans
Develop the project to a level of advanced prototype: be at least 60% of the work
Having a benchmark of the best designs available on Crowdfunding platforms
What are you raising funds to do? Having a focused and well-defined project with a clear beginning and end is vital.
Choosing the right crowdfunding platform
Popular platform: Indiegogo and Kickstarter
Topic-Focused Platforms
Local crowdfunding platform
Define a name and logo for your idea/product
Name
Logo
Making your VideoDeveloping a impressing video presentation!
The first thing you do when visiting a project page is click play.
Video
Tell us who you are.
Tell us the story behind your project. Where'd you get the idea? What stage is it at now? How are you feeling about it?
Explain your idea with the application scenarios
Come out and ask for people's support, explaining why you need it and what you'll do with their money.
Talk about how awesome your rewards are, using any images you can.
Setting Your Goal
Most of the Crowdfunding platforms operates on an all-or-nothing funding model where projects must be fully funded or no money changes hands. Goal
Setting your project deadline
Funding can last anywhere from one to 60 days
Funding period
Price
Creating Rewards
Rewards are what backers receive in exchange for pledging to a project. The importance of creative, tangible, and fairly priced rewards cannot be overstated.
Product Design and Hardware projects can only offer one reward per pledge.
Reward
Delivery
Price!
Make a special offer.
Pay attention at all cost:- 5% fee, +3-5% credit card fee- packaging- distribution- production...
FAQ
Describe your project's timeline
Add the "Risks and Challenges" section
Project FAQs, related to Kickstarter campaign
Project timeline
Risks
Communication, communication, communication
Engage community
Be ready to dialogue with your backers 24h a day 7 days a week.
Updates
Social
Promote the Press Review
Press
Stretch Goal
A stretch goal is a funding target set by the project creator beyond the original Kickstarter goal. Stretch goals as a term and a practice emerged from the Kickstarter community as a way for creators to "stretch" beyond the initial, official goal of the Kickstarter project and raise more money.
Stretch goals can make a project more difficult to complete!
Stretch Goals
