Sunday, January 29, 2023
  • Login
198 Crowd Funding News
No Result
View All Result
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT
No Result
View All Result
198 Crowd Funding News
No Result
View All Result
Home Blog

Crowdfunding: One Is You, Two Is Company, and Three – Well, Three(+) Is a Crowd

January 25, 2021
in Blog
0
Share on FacebookShare on TwitterShare on Email

[ad_1]

One is you, two is company, and three… well… three(+) is a crowd. When it comes to relationships, the middle option is perhaps best as it decreases complexity and the number of moving parts. Alternatively, when it comes to sourcing cash to support your idea, product, or dream, you undoubtedly want a crowd – three(+) is a crowd.

According to Google a crowd is a, “large number of people gathered together, typically in a disorganized or unruly way.” Two factors in this definition that are interesting when considered within a 21st century technological perspective is the idea of being “gathered together” in a “disorganized or unruly way”. With the dawn of the internet, social media, and the information age a crowd might never ever even be in the same geographic place at the same time. They can be in the same place “gathered together” within virtual spaces. Moreover, with the emergence of crowdfunding spaces like Kickstarter, Crowdtilt, Indigogo, etc. a crowd no longer is disorganized or unruly. It is quite the opposite. These crowdfunding spaces have not only made it possible, they have made it easy to frame your idea and building your own crowd of support.

Again, when it comes to sourcing cash to support your idea, product, or dream, you undoubtedly want a crowd – three(+) is a crowd. You want a large crowd of individuals who want to see your idea come to life. These are the folks who instantly get it (your idea) or could very easily be made to get it with a few strategically placed incentives to inspire their support.

In this, while a single, powerful person with deep pockets can be quite influential (note: there are not many of these wandering around), 100-1,000 regular Joes and Janes with a little bit of disposable income in their mattress and a connection to your idea (note: there are literally millions of these folks) could be just as valuable to helping source cash for your venture.

The following are three instant reasons why crowdfunding seems to work:

• Instant Recognition – Even regular Joes and Janes like to see their name in lights and crowdfunding provides the space for us to support ideas and people that we view as being extensions of ourselves (e.g., I was proud to see my 4-year old daughter’s name listed as a supporter of the “Recycled Mississippi” Kickstarter campaign).
• Instant Personal Gratification/Win – Once a funding goal has been reached, the supporters receive the benefits and products that were promised by the campaign quite quickly (e.g., I recently supported through Kickstarter an album being recorded and am scheduled to receive the album, hoodie, and a virtual high-five by October 2017).
• Instant Community Impact – Things with crowdfunding campaigns move quickly. By doing this it leads to the novel and sometimes creatively destructive ideas coming to life. In turn, this can positively impact the challenge that the campaign organizers (or better social entrepreneurs) are trying to solve.

Finally, it is important to note that with increased support funding there can also be increased complexity. While adding more supporters and people to your idea can lead to increases in funding with nominal returns for those supporters it can increase the complexity of your operations. For example, typically a crowdfunding campaign will make promises or obligations in return for certain levels of compounding support (e.g., $10 you will receive a virtual high-five, $25 you will receive a signed picture and all of the above, $50 you will receive a CD and all of the above, $1,000 you will receive a song written for you, etc.). While setting up campaigns like this is an excellent way of finding supporters and acquiring funding, it must be intentionally aligned with your idea or organization’s mission. Stated, more succinctly, it is easy to become bogged down in fulfilling your promises and obligations and lose sight of what you are in the business of doing.

Strive for a crowd, keep it simple, and collectively breathe life into your idea!

[ad_2]

Source by Lane Perry

Tags: best crowdfunding blogbig drop crowdfundingCompanyCrowdCrowdfundingcrowdfunding blogcrowdfunding campaign blogcrowdfunding meaningcrowdfunding websitesdrop crowdfunding
ShareTweetSend

Related Posts

Blog

Ayudemos a los jubilados de la ULA Mérida, Venezuela.

June 4, 2022
Blog

Honest feedback on my pitch, please?

June 3, 2022
Blog

Love Potion, enchant those around you.

June 3, 2022
Blog

Support Black Creators | Murenga, Hawi #1-3, Black Boy’s Blues & More

June 3, 2022
Blog

I created an accessible art community and platform in Manchester UK, and it’s about time we found a permanent home! We currently operate on a pop up basis, but now we need to progress to the next step. Any tips?

June 3, 2022
Blog

Building the most creative and fashionable football club in the UK! : Crowdfunding

June 3, 2022
Load More
Next Post

Basics of Medical Bankruptcy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST STORIES

Between Music – Crowdfunding video

June 5, 2022

Attacking A Market Failure With Candice Matthews Brackeen

June 5, 2022

Crowdfunding video – Kabeção 1st solo Album – Touching Souls

June 5, 2022

The Gecko – Failure is not an option

June 5, 2022

Roller Kingdom Crowdfunding Video

June 4, 2022

Introduction – Art of Failure with Eli Zelkha

June 4, 2022

Radbahn Crowdfunding Video + Fast Forward Science 2017 Film

June 4, 2022

Jorge Newbery at Failure Lab

June 4, 2022

Outland Denim Equity Crowdfunding Video

June 4, 2022

What I learned about Failure, Loneliness, and Red Lizard at the Spark Fest Cebu

June 4, 2022
Load More
198 Crowd Funding News

Own and operated by The Ike Lemuwa Group, LLC a Commonwealth of Virginia Limited Liability Company, USA.
Info@nigeriasmartnews.com / info@ikelemuwagroup.com
Toll-Free: 1 888 642 8433
3821 Dominion Drive Dumfries, Virginia, 22026. USA

Categories

  • Home
  • Crowdfunding News
  • Blog
  • Articles
  • Sponsorship
  • Crowd Support
  • Crowdfunding Sources
  • Partner with 198TILG Mastermind Platinum Group
  • Video

Recent News

  • Between Music – Crowdfunding video
  • Attacking A Market Failure With Candice Matthews Brackeen
  • Crowdfunding video – Kabeção 1st solo Album – Touching Souls
  • The Gecko – Failure is not an option
  • Roller Kingdom Crowdfunding Video
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2021 198 Crowdfunding News.

No Result
View All Result
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT

Copyright © 2021 198 Crowdfunding News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In