Indiegogo Tip: Expert Advice for Maximizing Your Fundraising Potential

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To maximize your fundraising potential on Indiegogo, it's essential to set a realistic funding goal. Aiming too high can lead to disappointment and a failed campaign, whereas a lower goal can help you achieve success.

A good starting point is to research your target market and understand what people are willing to pay for your product. This will give you a clear idea of how much to ask for.

A typical crowdfunding campaign lasts around 30 days, so make sure you have a solid plan in place to reach your goal within that timeframe.

Set Up Your Campaign

To set up your Indiegogo campaign, you need to create an account if you don't have one already. This is a straightforward process that just requires you to provide basic information about yourself, such as your name, email address, and billing details.

Once you have a verified Indiegogo account, you can move on to setting up your campaign. Creating a campaign page is the first step in setting up your Indiegogo campaign, where potential backers will go to learn more about your project and decide whether or not they want to contribute.

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Your campaign page should include a detailed description of the project and its goals, a list of rewards that backers will receive for contributing, and any other relevant information that potential backers should know. You should also include a link to your project page so that visitors can easily view more information about your project.

A compelling video is also essential when setting up your Indiegogo campaign. This video should be engaging, informative, and persuasive in order to convince potential backers to contribute to your project. The video should be no more than three minutes long.

Setting your goal and rewards is the next step in setting up an Indiegogo campaign. Your goal is the total amount of money that you want to raise for your project, while rewards are the incentives that backers will receive for contributing. Make sure to set realistic and achievable goals and rewards.

You can choose from several different funding options on Indiegogo, including all-or-nothing funding and flexible funding. You can also select a payment processor (e.g., PayPal) for handling backer payments.

Before launching your campaign page, review all of the information one last time to make sure everything is correct. This includes checking your campaign page, video, goal, rewards, funding options, and payment processing.

Campaign Strategy

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Planning is key to a successful Indiegogo campaign. Create a comprehensive plan that outlines your goals and objectives, including the amount of money you want to raise, the timeline for the campaign, and any incentives or rewards you plan to offer donors.

Think about your target audience and how you will reach them, and make sure to include compelling visuals such as photos and videos to showcase your project and demonstrate why people should donate. Establish a plan for promoting your campaign once it goes live, including types of promotional activities and resources necessary to carry them out.

Having a solid plan in place will help you stay organized and focused throughout the campaign, and ensure that you can successfully raise the funds necessary to bring your project to life.

Plan Your Campaign

Creating a comprehensive plan is the first step in planning an Indiegogo campaign. This plan should include details such as the amount of money you want to raise, the timeline for the campaign, and any incentives or rewards you plan to offer donors.

Credit: youtube.com, Campaign Strategy in 10 steps

Your plan should also outline your target audience and how you will reach them. Think about the types of promotional activities you want to do, such as email campaigns or social media outreach, and make sure you have the resources necessary to carry out these activities.

It's essential to be realistic about what you can afford and make sure you can cover any fees associated with running a crowdfunding campaign. You should also establish a plan for promoting your campaign once it goes live.

A well-written and engaging campaign page is crucial in making a good first impression on potential donors. Make sure to include compelling visuals, such as photos and videos, that showcase your project and demonstrate why people should donate.

Your campaign page should include a detailed description of the project and its goals, a list of rewards that backers will receive for contributing, and any other relevant information that potential backers should know.

Kickstarter vs Indiegogo

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Kickstarter and Indiegogo are two popular crowdfunding platforms, but they have some differences that can influence a creator's choice between them.

The main differences between the two platforms are in their approval stages, geographical background checks, and project page checks.

Both platforms charge fees, but these are deducted from the creator, not the backers themselves.

These differences may seem small, but they can affect how a creator approaches their project and funding goals.

Ultimately, the choice between Kickstarter and Indiegogo comes down to the project's nature and the creator's preferred funding approach.

Content Creation

Creating compelling content is key to a successful Indiegogo campaign. People connect with stories, not just products, so share the journey behind your project.

To do this, focus on the personal and authentic story of your project. Share what inspired you to create it, what challenges you've overcome, and why it matters to you and your audience. This will help backers feel invested in your campaign.

Here are some key elements to include in your story:

  • What inspired you to create it?
  • What challenges have you overcome?
  • Why does this matter to you and your audience?

A well-crafted story will help your backers understand the value of your project and feel more connected to it.

Tell Your Story

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Telling your story is a crucial part of content creation. People connect with stories, not just products.

Sharing the journey behind your project helps backers feel invested in your campaign. This is because a personal, authentic story creates an emotional connection with your audience.

To craft a compelling story, consider the following key elements. What inspired you to create it? This could be a personal experience, a problem you're trying to solve, or a passion you're enthusiastic about.

What challenges have you overcome? This shows that you're committed to your project and willing to put in the effort to make it happen.

Why does this matter to you and your audience? This helps to clarify the purpose and impact of your project, making it more relatable and engaging.

Here are some questions to help you structure your story:

  • What inspired you to create your project?
  • What challenges have you overcome?
  • Why does this matter to you and your audience?

Showcase Your Product

To showcase your product, you want to give your audience a clear idea of what they're backing. Use high-quality visuals to demonstrate how your product works and highlight its key features.

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Avoid overloading the video with technical details – focus on the benefits and how it improves your backers' lives. A good rule of thumb is to keep it simple and concise.

Aim for a video length of 1 to 3 minutes, which is short enough to grab attention and keep your audience engaged. This length also gives you enough time to cover the essential details.

Here are the key points to cover in your video:

  • What your product or project is.
  • Why it’s unique or solves a problem.
  • How backers can be a part of making it happen.

Frequently Asked Questions

Should you tip on Indiegogo?

Tipping on Indiegogo benefits AYN, not you, and can offset fees, but it's essential to understand how it affects your order. Learn how tipping works and its impact on your purchase.

How much percentage does Indiegogo take?

Indiegogo takes a 5% platform fee on all funds raised. This fee is deducted from the actual funds raised, not the campaign goal.

Is Indiegogo worth it?

Indiegogo's flexible funding model allows you to withdraw funds even if you don't meet your goal, making it a viable option for some projects. Consider Indiegogo if you want more control over your campaign's outcome.

Krystal Bogisich

Lead Writer

Krystal Bogisich is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for storytelling, she has established herself as a versatile writer capable of tackling a wide range of topics. Her expertise spans multiple industries, including finance, where she has developed a particular interest in actuarial careers.

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