Crowdfunding is a risk free way for creatives, communities and entrepreneurs looking to fund their project. A well run crowdfunding campaign can take an idea and turn it into a reality, yet crowdfunding may seem easy but there are some considerations to take on-board before starting. When a crowdfunding campaign fails, many business owners or project creators often wonder what went wrong. This blog takes you through some of the common pitfalls.
So why doesn’t crowdfunding work? Or, for better words, when crowdfunding doesn’t work, what happened? Below are some of the reasons crowdfunding doesn’t work and how LiveTree’s improved version of the typical crowdfunding platform can work for your business. LiveTree offers the best crowdfunding solutions for your project and can create successful crowdfunding campaigns for any project.
Define your crowd
The reason crowdfunding often doesn’t work is often due to weak marketing strategies (which can kill your crowdfunding project) and failure to define their crowd in order to get the right funding, recognition and opportunities. You need to consider who would be interested in your project and, more importantly, who would be willing to financially invest in your project. Defining your target crowd/audience defines who would be willing to back you financially or be interested in promoting your story. Consider the themes driving your project: Are there online forums, groups, location suppliers, or businesses relevant to your film? Could you reach out to those people? Are there bloggers or journalists that would be interested in telling your story?
While developing your career it’s important to have a good slate and a crowd that supports you. When you have a crowd, it makes it much easier for us to market you to raise more funding and introduce you to relevant partners like BFI.NETWORKS, Film London, RedRock Entertainment or any of our relevant partners. LiveTree is here to get you funded and develop your career.
What the industry needs
The industry needs a different kind of crowdfunding platform which focuses on the success of their campaign creators and can provide them with the kind of features they won’t find anywhere else. With many crowdfunding platforms, project creators are offered a crowdfunding platform and little else. Project creators need resources they can use to help build their businesses and grow their crowdfunding efforts. Features including videographers and legal advice, as well as other tools project creators need should be included in a convenient online directory.
Business owners know that it is good business to align themselves with non-profits and other charities. With existing crowdfunding platforms, there isn’t a non-profit element and that is something that can often add value to a crowdfunding project. Project creators need all of these features and more if they are going to succeed.
This is where LiveTree comes in. LiveTree understands that the non-profit/charitable organization element can help influence others to help promote a crowdfunding project, making it that much more successful and effective. LiveTree also offers a wide range of useful tools and resources that can help give projects the momentum they need to succeed.
Another advantage that LiveTree has over any other crowdfunding platforms is a sense of community. LiveTree has built their online community by focusing on both sides of the crowdfunding project and offering backers a financial incentive for promoting crowdfunded projects. LiveTree offers no hassle crowdfunding that will ensure your project’s success.
Why Should You Choose LiveTree?
If you are serious about growing or expanding your business, making your startup succeed and creating a successful and effective crowdfunding project, choosing LiveTree is an important start. LiveTree goes beyond being just a transactional marketplace and focuses on the success of project creators and offers the best crowdfunding solutions in the industry. This ensures that business owners can get the financing they need for their projects while helping others succeed in their crowdfunding projects as well.
Contact LiveTree Now to Get Started
The next time you are considering a crowdfunding project for your business startup or expansion, choose LiveTree and avoid the above reasons many crowdfunding campaigns fail. Contact a LiveTree professional now and let us create a successful crowdfunding campaign for you today!