Crowd Funding Tips and Advice

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Crowd Funding Tips and Advice
James Carvin, Business Consultant, United States, Member
Unless you are developing a simple app with a maximum development cost in the $10,000 range, or have a relatively simple project to fund, or an exceptional business that requires a fraction of the average start up cost, do not expect to fund your start up entirely from perk based crowd funding.

Crowd Funding provides micro-funds from the crowd that in rare cases add up to hundreds of thousands and even millions. The average supporter chips in $50 and most people put in about $25. Unless you are on a lending platform or a charity, in exchange for these small dollar amounts you'll provide a perk. Perks range from coffee cups and tee shirts to presold product with back stage passes.
There may also be production, handling and shipping costs. Not all crowd funding platforms are equal. Most require that you set a stated goal. If you don't reach the goal the campaign is called off as a failure. To avoid failure there are several things you should know:
  1. First, yo...Sign up


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