IndieGoGo is a crowdfunding platform that allows entrepreneurs to raise money for their projects. It provides an easy-to-use platform that allows people to easily launch campaigns, connect with an audience, and manage their projects in one place. By leveraging the power of the crowd, IndieGoGo can provide access to funds to people who may not otherwise have access to traditional sources of financing.
Let’s dive into a more in-depth look at what IndieGoGo is, how it works, and the benefits it offers:
IndieGoGo is a crowdfunding platform that enables people to raise money for virtually any cause or purpose including businesses, charities, nonprofit organizations, political campaigns and more. Through the platform, supporters can donate funds to a campaign in exchange for tangible rewards or simply for their support of the project.
With its powerful tools and worldwide distribution, IndieGoGo has become the world’s leading crowdfunding platform. It has amassed tens of millions of users since its launch in 2008 with projects ranging from creative products to tech and design.
When you start a campaign on IndieGoGo it’s important to set up an effective profile page and source funds from your contacts through direct emails, social media promotion and other methods of communication to generate excitement about your campaign. You can also incentivize backers by offering rewards such as products or special experiences in exchange for donations.
In order for you to receive collected donations from people’s pledges on IndieGoGo, there are certain requirements your campaign must meet in order for money to be transferred into your bank account or PayPal account:
IndieGoGo is a platform that allows users to explore and fund a variety of creative and innovative projects. It has become a global hub for entrepreneurship, offering entrepreneurs a unique way to reach an audience, solicit donations or fundraise for their product or idea.
Since its founding in 2008, IndieGoGo has seen significant growth and now offers four different types of campaigns: fixed funding or flexible funding.
Fixed Funding: With this type of campaign, users will set a goal amount and decide the date by which they need the funds. If that goal is not reached by the deadline, all pledges will be refunded back to the pledgers. This type of campaign is most suitable for projects with specific goals that can realistically be reached within a certain timeline.
Flexible Funding: This type of campaign allows project creators to keep whatever funds have been raised even if their goal isn’t fully funded. This type works best for projects where there isn’t necessarily an exact amount needed to achieve success.
If you are looking for ways to fundraise for a project, then IndieGoGo is a great platform for you to use. Setting up a campaign on IndieGoGo can be a straightforward process. All you need to do is create an account, provide some details about your project, and set a fundraising goal. In this section, we’ll look at the steps you need to take to set up a successful IndieGoGo campaign.
The first step to launching your own successful IndieGoGo campaign is creating your campaign page. Your campaign page should be the hub of your online presence; it is where people can come to find out more information about you and your fundraiser, so you want it to truly represent who you are and everything about your project.
When creating a page for your campaign, you will need two main elements – a creative and compelling story, as well as strong visuals. You must make sure that you have a clear goal and how-to-help section that will help potential supporters understand exactly what they are contributing towards.
Additionally, making sure that you have videos, images, updates and other content readily available will help visitors better understand your project and why they should back it.
You’ll also want to make sure that each portion of the page is concise yet descriptive — don’t overwhelm visitors with too much information — so potential backers know what to do next without getting lost in the specifics of the story behind the project. It’s also important to add social proof (such as backer comments or endorsement from reputable sources) can go a long way in building confidence in potential backers – even if they don’t know much about the project yet!
Be sure to thoroughly review all possible guidelines associated with setting up an IndieGoGo page before starting – once launched, many components cannot be changes or removed without opening up for editing again and restarting the approval process.
Consider first familiarizing yourself IndieGoGo’s ‘Launch Perfect Checklist’ section on their website before carefully constructing your fully assembled campaign page and submitting it for final review.
Once you’ve completed your campaign page, there are a few more steps to get your campaign up and running. Payment methods are important because they allow you to accept donations from backers and offer incentives or rewards.
IndieGoGo has partnered with PayPal for payment processing. PayPal allows for transactions to be made in any currency. If a backer is not already registered with this services, they must sign up first before donating to the campaign.
Additionally, if you would like all payments collected by IndieGoGo itself, there is an IndieGoGo bank account feature that allows all backed funds flow directly into your bank account once the campaign ends. Keep in mind that the linked bank account must be in the same currency as your campaign – otherwise it will result in extra time and fees incurred while transferring money internationally.
If you plan on selecting rewards with higher price points, have processes in place before taking on such projects as it may require additional tools like escrow accounts prior to collections of funds.
Make sure you are aware of applicable taxes or fees so you can plan ahead appropriately when setting up your payments methods prior to launch.
When setting up your campaign’s reward tiers, it is critical to consider your supporters and how many different levels of giving you would like to allow. There are various types of rewards that can be included, depending on the type of campaign and desired audience.
Some popular reward tier ideas include:
Donor Recognition: Offer various recognition levels for donors who contribute an increased level of funding to the campaign.
Product: Include a range of products with varying prices points that offer supporters something tangible in exchange for their support.
Exclusive Access: Reward more generous donors with access to exclusive content or events related to the campaign.
Subscriptions/Rewards Programs: Create loyalty programs that reward consistent supporters over time with additional benefits or rewards for members.
Gift Certificates/Discounts: Offer gift certificates or discounts on goods and services related to the campaign as well as other businesses.
Running a successful campaign on IndieGoGo is a great way to get the word out about your product and raise funds to make it a reality. To ensure success, it’s important to understand the basics of how IndieGoGo works, including setting up your account, creating a campaign page, and setting a funding goal. We will go through each of these steps in this section and discuss the best strategies for running a successful campaign.
Setting up your account:
Once your campaign is up and running, the next step is to promote it so that it reaches as many potential donors as possible.
Consider these tips when promoting your campaign:
Leverage social media platforms – Make sure to post regularly on Twitter, Instagram, Facebook, YouTube, and other social media platforms. Link to your campaign page and create compelling visuals that encourage donations.
Email Campaign Supporters – Identify stakeholders such as company contacts and fellow employees. Invite them to join the campaign by sharing individual stories or inviting them to virtual events.
Reach Out To Influencers – Connect with bloggers and influencers who may be interested in supporting your cause. Ask if they can provide coverage on their websites or offer promotional messages on their pages.
Use Traditional Media – Consider using paid placement opportunities in traditional media such print or radio ads for maximum visibility of your campaign.
Tracking progress is essential when running a campaign, as it gives you an oversight of your goals and key performance indicators (KPIs), so that you can measure success. To keep track of your campaign goals and KPIs, use appropriate data tracking tools to record relevant information on a regular basis. This includes revenue reports, feedback from customers, website traffic and more. Additionally, documenting key changes in the political landscape that affect the progress of the campaign should be part of your tracking process.
To get the most out of your tracking process, consider developing metrics that specifically relate to the success of your campaign objectives and KPIs. This will help you measure exactly how successful each element is and pinpoint any areas where changes need to be made. Regularly checking in with staff members who are associated with the campaign – such as volunteers or contractors – will also be essential for staying up-to-date on any developments and making sure that everyone is working toward established goals.
Finally, ensure that understandable reports are made available based on collected data so stakeholders are kept aware of progress being made by the campaign at all times.
Doing this will give everyone involved a clear understanding of how much work has been done and what needs to still be reached in order for targets to be achieved:
Managing customer service inquiries throughout the course of your IndieGoGo campaign is an important part of successful crowdfunding. As you launch new campaigns or acquire more customers, you must stay on top of customer service issues as they arise.
Your goal should be to ensure your existing contributors and potential backers that any questions or concerns they have will be addressed promptly and in a knowledgeable manner so they feel safe investing their time, energy, and resources into your campaign.
One great way to manage customer service inquiries is to have a dedicated team member in charge of handling all incoming messages, questions, and requests. This person should be knowledgeable about your project and have a working understanding of different elements when it comes to crowdfunding.
If needed, this team member should also coordinate with members across different teams – such as product development or marketing – to ensure that customers are getting the answers they need in a timely manner and with complete clarity.
Have clear communication channels set up between team members will help ensure that issues that arise are handled properly so potential customers can quickly get all the information necessary for them to feel comfortable investing in your project.
Having one point person in charge of customer service allows for quick resolution of any conflicts or questions that arise over the course of your campaign’s duration.
Finishing an IndieGoGo campaign can be a great way to accomplish your goals in crowdfunding. It is the process of completing a successful campaign, which includes:
Once the campaign is finished, you can easily see all the important insights from your campaign, determine areas for improvement and make changes for future campaigns.
Let’s explore the whole process of finishing a campaign on IndieGoGo:
Fulfilling rewards on IndieGoGo is the final step in your campaign process. Once you’ve reached the funding goal and successfully completed a campaign, backers expect their rewards to deliver in a timely manner.
It is important for you to keep an organized list of rewards that need to be fulfilled. You may enlist team members or friends to help you with this task. Appoint a “rewards manager” responsible for keeping accurate records and timelines for delivering each reward as set forth in your campaign’s budget and timeline.
Set up internal deadlines based on the estimated completion dates provided during your campaign planning before deployment. Each deadline should allot enough time to proofread, edit, evaluate design concepts, assemble components, ship items out, answer support inquiries and more.
Another important step is ensuring that you have all information necessary from backers to fulfil their rewards:
How do you collect this? Depending on the platform chosen by makers (IndieGoGo or Kickstarter), there are ways makers can survey backers after their campaigns have ended and gather pertinent information needed for fulfillment of perks or rewards; it just requires some setup ahead of time so that those options are available when the end date happens!
These surveys will make sure makers get the correct address for each backer along with other details that may affect delivery times – for example: size/color preference!
When the campaign comes to an end, it is important to take the time to properly close out the project. Carefully track budgeting and spending, review feedback from customers and team members, analyze the results of your campaign, and use this information to reflect on what worked well and what can be improved next time.
Once all of this has been done, ensure that you have documented everything you’ve done so that it can be used as reference for future campaigns. Take a few minutes to celebrate everything you have achieved with your team before introducing them to their next task.
Finally, if appropriate, put together a press release or other communications materials that reflects on the success of the campaign. This will give closure and create positive enthusiasm both externally and internally for future projects.
Once a campaign has ended and met its goal, you can do two things: leave the funds in the IndieGoGo balance or withdraw funds from your account.
If you choose to leave the funds in the IndieGoGo balance, you can use that credit for any future campaigns. This also allows for quick backing-up perks for late contributors or refunds if there is an issue with your order fulfillment. Sometime later, when you are ready to withdraw these funds, click “transfer” after logging into your account and fill out the form with the necessary information.
If you decide to withdraw your pledges right away, this can be done at any time through PayPal or via bank transfer upon signing up. Some fees apply depending on which withdrawal method you use and different countries have varying rules on fees associated with international bank transfers so be sure to check with those guidelines beforehand.
Anytime withdrawals are made, they will appear as “Withdrawal” movements of money from your Activity page which gives a record of all contributions made to backed and/or contributed campaigns as well as payments withdrawn from them.
Launching a successful campaign on IndieGoGo can help you raise funds and make your dream project come to life. But, before you get started, there are certain steps that need to be taken in order to maximize the success of your crowdfunding effort.
Set the right goals before you launch: Make sure to set realistic and attainable funding goals that fit your project and budget needs. This will give backers confidence in your project and make it easier for them to decide if they should financially support it or not.
Pick the right platform: IndieGoGo is best suited for creators who want to fund creative projects that offer tangible rewards rather than investments or equity-based funding, so make sure that IndieGoGo is the best platform for what you’re trying to accomplish.
Research successful campaigns: Get an idea of what a successful fundraising effort looks like by researching different types of projects and their campaigns from various industries on Indiegogo and elsewhere online.
Create great campaign page content: Write compelling copy and create engaging visuals that accurately describe what people are supporting when they back your project. Outline risks, rewards, features carefully but concisely so viewers understand all the details about your product/idea within seconds of landing on the page.
Utilize social media platforms: Leverage existing networks on social media platforms such as Facebook, Twitter or LinkedIn that you already use regularly in order to garner additional supporters for your project with unique links or two-way conversations detailing how they can support with a simple donation plus any potential return benefits they could receive from doing so (eg., donor recognition).
Pre-marketing preparation: Engage with top influencers in relevant industries prior to launching so they are familiar with your idea ahead of time and can start promoting it as soon as it goes live – this process will also help get more attention for your campaign quicker than waiting until after launch day has passed (eg., via outreach emails/direct messaging).