The best business idea is worthless if you don´t have the money to start the business, right? And that´s why this article is about getting your business idea funded, specifically by taking advantage of crowdfunding.
I did a bit research for you to find the “best stuff” on this topic and here is what I recommend you check out, if you´re interested in getting funded using crowdfunding:
Start with this Ultimate Guide to learn the essentials:
and with this podcast on crowd funding and why you should be giving it a try:
Episode 83: How Funded Today Raised $105,999,553 in Crowdfunding Campaigns
Then, check out these “real life” case studies to get some honest advise for folks, who just “did it”:
Hacking Kickstarter: How to Raise $100,000 in 10 Days (Includes Successful Templates, E-mails, etc.)
How We Drove Traffic to Our Kickstarter Campaign: Novelsys Ampere Case Study
and, if you´re an musician or artist, we recommend this case study:
Also, you´ll need to develop a few key skills, especially related to selling and marketing your business idea. For more on this, check out the following articles:
How to Write a Kickstarter Pitch: An Analysis of the Best – And Worst – Campaign Copy
Facebook Ads Case Study: The Million Dollar Indiegogo Campaign
Now, let me give you a bonus tip! Here is a great template from copywriting genius Gary Halbert, which you can use to ask an investor for money:
Sometime ago I had an idea for selling a report my wife wrote on
“How to Lose Weight Without Starving”
and I wrote a newspaper ad offering her report for sale. I
ran the ad in the Podunk Daily News which has a circulation of 53,000 and the ad
cost me $1,200.00 for a 1-time insertion.
I priced the report at $12.00 plus $1.50 postage and it costs me about $3.50 to fill
an order. Therefore, every order yields up $10.00 in “contribution to overhead.” My
ad pulled in 220 orders for a total gross of $2,970.00.
At $3.50 to fill an order it cost me $770.00 to fill all my orders. Therefore, my total
costs ($770.00 to fill orders and $1,200.00 to pay for the ad) were $1,970.00 which,
when subtracted from my gross of $2,970.00 left me a bottom-line profit of…
Please let me know if you know anyone who would be interested in funding this
project for a share of the profit.
So and So”
Key insight here: ask for money AFTER you have a profitable product / funnel. Use other people´s money only to scale your business, not to figure out if your product sells and if you´re going to be profitable.
So … hope, that helps! 🙂 Any questions, just go to the “Contact”-page and send me a message!
To your success,
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