1. Tell Your Story
People need to understand
your idea, why it means so much to you, and why they
should support it. Include a video, description, aim and
images on your crowd funding page. Explain who you are,
what your idea is, what the money is for and what
members will get in return for funding your project.
What Are The Rewards
Rewards are benefits, products or
services offered by the project. Rewards should be
creative and unique. Rewards should apply to different
funding price points to suit every budget and should
provide excellent value for money.
3. How To Work Out Your Target
Target amounts are on an all
or nothing basis, which means you need to reach your
target amount to receive the money. If you do not reach
your target amount all pledges are returned to the
members backing your project and you receive nothing.
With an all or nothing
system setting your target amount correctly is of
paramount importance. To set your target amount you need
to take into account several factors.
Obviously the amount needed to successfully complete
your project is an important factor.
average amount generally pledged is around $50
average conversion rate of members viewing your
project to those pledging is approximately 5%
If you need to raise $5000
you would need to get an average of 100 pledges at $50.
To achieve this you would need to get approximately 2000
people to view your project in order to raise your
target amount. Publishing your project on M2M Funds has
the advantage of a large viewer base but you should also
promote our project to the outside world as well to
increase the chances of success.