Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session final

34
Webinar Session May 28 th 5pm EDT

description

These slides explain the mechanics of how crowdfunding works and how you can benefit from it. The slides guide you through the process, from creating the actual project to getting the funding you need.

Transcript of Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session final

Page 1: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Webinar Session

May 28th 5pm EDT

Page 2: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Meet The Team

Page 3: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Agenda

1. What is Rock The Post

2. What is crowdfunding

3. How to craft a pitch

4. Marketing efforts

5. Communications with followers

6. The JOBS Act

Page 4: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

What is Rock The Post?

Page 5: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Founding and Launch

• Rock The Post was founded in October 2010.

• Rock The Post was launched in November 2011.

Page 6: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Where did the idea come from?

• Gap in the market• Entrepreneurs and small businesses had

difficulty gaining access to capital. • 98% of the time, VC’s and Angel

Investors would reject business plans.• Seed stages are funded mainly by

friends and family.

Page 7: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

What is crowdfunding?

Page 8: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Definition of crowdfunding

Crowdfunding is a collective cooperation, attention and trust by people who network and pool their money to support efforts initiated by other people or organizations.

Page 9: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Alternative way to fundraise

• Rock The Post is just like traditional fundraising.

• Via crowdfunding, project creators are able to reach the crowds with built in social media features.

• 25-40% of the traction comes from your inner networks, such as friends and family.

Page 10: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Mechanics of crowdfunding

1. Registration

2. Project creation

3. Approval process

4. Post is published

5. Marketing efforts

6. Target is successfully reached

Page 11: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Psychological component

People pledge for 3 reasons:

1. People connect with the message

2. People connect with the uniqueness in which you raise the funds

3. People connect with the rewards

Page 12: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Mistakes that lead to crowdfunding failure

• Not nailing the presentation • Not doing enough research • Weak planning ahead of time• Lack of a solid marketing plan • Asking for the wrong amount of money• Failure to promote • Ignoring the audience

Page 13: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Why is crowdfunding good

for companies ramping up?

1. Free marketing

2. Feedback or comments from other members

3. Funding

Page 14: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Tax implications

Did you think Uncle Sam would give you a pass?

3 categories of tax:

• Sales Tax • Income Tax • Gift

Page 15: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

How to craft a pitch

Page 16: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Target the right audience

• Who will you target?• How do you relate to them?• How will you engage them?

Note: Make sure that your post is geared toward to the right industry, and that your marketing efforts stay aligned.

Page 17: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Having an awesome visual pitch

• The first 30 seconds is your chance to shine.

• With the video, you will raise 10 times more money.

• Keep it to 2-3 minutes maximum.

Page 18: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Clear description of the project

• Introduction• Overview of the project• Include team members, if possible• Long-term goals• Presence on the web (social media

website URL, etc. )

Page 19: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Setting reasonable goals

• Reasons for starting the campaign• Targets to achieve (weekly/monthly)• Be realistic with your numbers• Outline steps that will help you to meet

the objectives

Page 20: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Offer enticing rewards

• What will you give in return for their pledges?

• Will it be enough to turn heads?

Note: Offer cool tangible rewards in order to increase pledges and traffic to your post!

Page 21: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Launching the campaign Now is time to start spreading the word:

1. Friends

2. Family

3. Colleagues

4. Social media

5. Link to your project under your email signature

6. Target media publications

Page 22: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Marketing efforts

Page 23: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Strategy

• Find evangelists to help spread the word.

• Know what media publications you will target and who to contact.

• Put all the email lists and contacts all together so that you can start the email blasts right away.

Page 24: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Channels for spreading the word

• Speaking engagements• Affiliate with associations

and organizations• Blog writing• Widget on your website• Meetups and other events

• Email blasts• Forums• Press release• Community

bulletin boards• Social media

Page 25: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Passion and energy

• Don’t be shy • Open yourself to the world• Believe in yourself in order to have

others believing in you• Have a compelling story• Show off your knowledge within the

field of your post

Page 26: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Communications with followers

Page 27: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Comments • Questions• Feedback• Criticism• Compliments

Note: Avoid taking them personally!

Page 28: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Messages

Remember to be: • Responsive• Reliable • True to the people

who cared about your project

Purpose:• One to one

communication• Personal level

communication with your supporters

Page 29: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Engagement with your fans

• Constant updates• Keep supporters updated with your

progress• Keep your word• Be honest

Note: After all, what’s crowdfunding without the crowd? ! Keep your crowd happy!

Page 30: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

The JOBS Act

Page 31: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

What does it mean for crowdfunding?

• Before the JOBS Act, only accredited investors (1% of the US population), had access to investing in startups

• Crowdfunding is the solution to help small businesses lift up the US economy by having accredited and non accredited investors be part of private offerings.

Page 32: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Why are small businesses are so important?

• They pay 44% of total U.S. private payroll.

• Small businesses generated 65% of net new jobs over the past 17 years.

• They hire 43% of high tech workers.

Page 33: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Q&A?

• Send us your questions by chat• Or email Tanya at [email protected]

Page 34: Rock The Post Webinar: "Crowdfunding 101 - Learn the basics"Webinar session   final

Thank you for attending

For further questions or comments please contact

Alejandro Cremades [email protected]

Tanya Prive

[email protected]