The 30% Kickstarter project “Tipping Point”

One of the most fascinating aspects of Kickstarter is the project’s “tipping point,” the point at which a project has enough momentum that it will most likely be completed. In Yancey Strickler’s Creative Mornings presentation, he explains how a project that reaches 30% funding has a 90% chance of being successfully completed.

I learned of the 30% tipping point during my campaign for Identifying Nelson. At the time I found it hard to believe. I couldn’t imagine how a project with 70% of its funding goal left had such a good chance of making it. Even when the project passed its tipping point, I was still skeptical. But to my amazement we made it.

Initially, I thought the 30% tipping point had to do with having a critical mass of backers. Once a project got enough backers to fund 30%, then that group would bring in the rest of the backers. It turns out that the number of backers it takes to reach 30% is quite low. During A Kickstarter’s Guide it was only 16 people. Each person would have had to bring in three to four more people. While this might have happened, I think critical mass isn’t the only factor in play.

More recently, I began to think that there could be a psychological barrier before a project is 30% funded. When viewing the little green progress bar, a project with less than 30% funding looks like it won’t make it. Once that barrier is broken, people are more likely to jump on board. One thing that is clear about Kickstarter. People like to support projects that are going to make it. Maybe there is something about the 30% mark that subconsciously signals eventual success.

We may never know why 30% is such an important number, but it almost doesn’t matter. What matters is getting to that mark as quickly as possible. Try your hardest to get to 30%. Then you can ease off a bit until you need to do a big push at the end.


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

How to track the progress of your Kickstarter campaign

Now that your campaign is underway, how do you know if it’s going well or not? Here are some of the things I do.

The Short Link

Every Kickstarter project page has a short link. This is smaller version of its web address. It can be found on your main project page, below the picture/video for your project. You will see it to the right of the “<> EMBED” button.

For example the full address for this project is:

http://www.kickstarter.com/projects/identifyingnelson/a-kickstarters-guide-to-kickstarter

The short link is:

http://kck.st/ocJoTE

When you are promoting your project, you will want to use the short link as often as possible. Not only is it easier to share, but it can be used to calculate some important metrics about your project.

The only downside is that it doesn’t include kickstarter.com in the address. Some people might be hesitant to click on the short link, because they don’t know where it is taking them. However, if you are the one sharing it, and they trust you, then you should have no problem.

Conversion Rate

The conversion rate can be a powerful tool in determining the reach of your campaign and how much work you still have to do. This works best if you have been using your project short link during the whole campaign. WARNING: This will require a little math, but nothing too complicated.

First, find the total number of clicks the project is getting, by adding a + sign to the end of the short link.

Like this: http://kck.st/ocJoTE+

This will take you to an info page for bitly.com, which creates and hosts all of Kickstarter’s short links. Towards the top of the page, there are two numbers, one in bold, which represent the number of clicks the link is getting. You will want to use the number NOT in bold This can be found next to the words: “All clicks on the aggregate bitly link”

Next you will need the number of people backing your project from the Kickstarter project page. Divide the number of backers by the total number of clicks your short link has received. This will be the conversation rate. For example, if a project has 14 backers and 180 clicks then the conversion rate is 7%.

14 Backers / 180 Clicks = 7% Conversion rate

Average Pledge Amount

The next important metric is the average amount pledged. This will help you figure out, on average, what each person is giving to the project. Later it will help you figure out how many backers you still need.

Take the amount pledged towards your project so far, and divide that by the number of backers. If your project has raised $245 from 14 backers, then the average pledge is $17.50

$245 Pledged / 14 Backers = $17.50 per backer

Remaining Views and Backers

Next you want to calculate the remaining views in order to get enough backers to meet your minimum funding goal.

Divide the remaining pledge amount by the average pledge amount. If your goal is $900, and you have raised $245, then you still need $655. Take this remaining amount, and divide that by the average pledge amount. So, if the average pledge amount is $17.50, then you need 38 more backers to finish the project. (I rounded up, since you don’t want to underestimate the number of backers you need.)

$900 Goal – $245 Pledged = $655 Remaining
$655 Remaining / $17.50 Avg. Pledge = 38 Backers

Once you know how many backers you still need, you can use the conversion rate to figure out how many views you need to get those backers.

Take the number of people you still need, and multiply it by the conversion rate. In this example, there are 38 backers remaining and a 7% conversion rate. This means the project will need close to 542 clicks to get the project funded.

38 Backers Remaining * 7% Conversion Rate = 542 Clicks

Fuzzy Math

These numbers are not exact, of course. They depend on a number of factors. As your project evolves, the numbers will change, so you can recalculate them as often as you need. These are just indicators of how your campaign is going. Your might post the link somewhere and get 500 more clicks, but if it’s the wrong 500 people, then you will not meet your goal. These metrics will give you valuable feedback, but they are not predictive of the outcome.

However, I have found these numbers to be very relevant and helpful. The example above uses numbers taken from my campaign for A Kickstarter’s Guide. If you did all the math, then you may have realized 54 backers were needed to get the project funded. The actual number, ended up being 56 backers. Not bad at all.


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

Launching your project

Most people think you launch a project when it goes live on the Kickstarter site. However, you may want to consider doing a soft launch before actually launching the project.

A soft launch, involves building awareness and gaining support for an idea before you are ready to start. This can be an important part to a successful campaign that is often over looked.

The actual launch is when you finally push the button on Kickstarter and your project is live. Once your project is launched you will use the contacts built up during the soft launch to help promote the project.

Soft Launch

The soft launch is a concept I came across while researching this guide. In his post 15 steps for a successful Kickstarter Project Gary M. Sarli talks about the idea of a soft launch.

“(7) Do a soft launch for the project on your website and via social media at least 30 days before you start the actual Kickstarter project. You want to get the word out and get people interested and talking before you start the fundraising drive itself. At this stage, you’ll need to be able to tell people firm dates for the start and end of the Kickstarter drive, reward levels for backers, and so forth; use your own website as the central location for this because you won’t have a Kickstarter page to send people to until later.”

“Go to any message boards you frequent to post about the project (but don’t be spammy — if you don’t regularly post somewhere, don’t announce in that forum). Include links to the project in your message board profile and signature.”

“There are plenty of other websites and blogs that might be interested, so don’t be shy about getting in touch with them to tell them about the project (perhaps as a formal press release). For example, if doing a roleplaying game project, you might submit a short press release to ENWorld to see if they’ll include it in their news feed for the day.”

“Get all your friends and colleagues on board; the more voices you can get talking about the project, the better your odds will be.”

Doing a soft launch is something I have not been very good at. For both, Identifying Nelson, and A Kickstarter’s Guide, I did not spend enough time reaching out to people before they launched. This meant that during my campaigns, I was forced to spend a lot of time looking for an audience, instead of promoting the project. Not only is this stressful, but finding the right audience can take a long time. Trying to do it during a campaign is very challenging.

Reach Out

By now you should have found where your audience communicates and become part of that community. Then you should start talking with them about the project and when it will go live. Share with them your idea and let them know you are thinking of running it as Kickstarter campaign. They may like it or they may hate it. Either way, take it with a grain of salt. I’ve had plenty of people love my ideas and then never back my projects. Conversely people might not understand what you are trying to do until it is live. The point is to start the conversation as early as possible.

Actual Launch

Once you have reached out to your communities, it is time to push the button and go for it!

At this point your nerves will probably start to “kick in” and you will be wondering if you got everything right. There is only one way to find out. Launch.

“Real artists ship.” – Steve Jobs

Best Time to Launch

I’m not sure if it matters. Just know that the campaign ends at the same time that you press the button. So, if you push it at 2 a.m., your campaign ends at 2 a.m.

During A Kickstarter’s Guide I realized that in the future I am going to want my campaign to end at night. This is because I had difficulty falling asleep knowing my campaign was ending in the morning. The project was already funded, but I was so excited to see the result that I just couldn’t fall asleep. Next time, I will be sure to start my project at night so it will finish before I go to bed.

Find The Fans

When you start your campaign, you will want to be on the lookout for your fans. They are the people who are going to go out of their way to make your project successful. They will help spread the word by writing on your behalf. They will get their friends and family to back the project. They will help you “cross the chasm.”

During my first campaign, Identifying Nelson, my friend Caroline was my biggest fan. She went out of her way to email friends, get her family on board, and anything else she could think of. Without her, I’m pretty sure my project would not have succeeded. Caroline, if you are reading this, thank you!

How Does it Spread?

Once the project has launched, pay attention to where people are talking about it. During my first campaign, Facebook was the most effective marketing tool. During my second, it was Twitter and Kickstarter.com. If you have been doing your homework, you should have an idea of where your audience hangs out. Concentrate on the sites and methods that gain the most traction. Don’t try to promote your project on every medium because you think that’s what you need to do. If your audience isn’t on Twitter, then don’t post as often. Posting on networks that aren’t part of your audience annoys people, makes Kickstarter look bad, and won’t get your project funded.

Project Updates

These are a very useful both during and after the campaign. During the campaign, you can post about its progress. It’s a great way to keep your backers involved and enlist their additional support. You can thank them, and ask them to share the project with their networks. After the campaign is over, you can keep in touch with them about the project and let them know the status of their rewards.

Project updates are great. Use them! During Identifying Nelson I don’t think I used them enough. We didn’t write our first update until halfway through the campaign. You don’t need to write updates if you don’t have anything to say, but you want to engage the people who backed you. Even if its just to say thank you. In fact, you can’t say thank you often enough.


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

Examples of great pitch videos

Here are some examples of people who pitch their project exceptionally well. As you will see, the videos can be basic or professionally done.

Narrative

In the video to save the movie Blue Like Jazz, Zack and Jonathan do a great job of explaining all the events leading to their campaign. They answer all the important questions and rally the fans to make the movie happen.

SAVE Blue Like Jazz! (the movie) by Steve Taylor — Kickstarter

Credibility

Just one look at this video, and you can tell how much he loves his idea and how much work went into creating it. He has a prototype that he has been working on for over a year. You can see he just needs a little help to bring it to life. You can’t help but cheer for him as he has clearly spent a long time on this project.

Capture Camera Clip System by Peter Dering — Kickstarter

Clarity

The video for The Manual, a magazine about design, is a perfect example of a clear pitch. It is short and to the point. You understand what the project is and what the end result will be.

The Manual by Andy McMillan — Kickstarter

The Ask

This simple webcam pitch NAILS it. I was blown away by this guy’s pitch and ended up backing him. He shows passion and excitement for his project. My favorite part? The Ask: “I’m asking for your patronage to help me make this book.” He didn’t ask for donations or support. He asked for your patronage, perfect! Just look at how much money he raised.

The Night Parade of One Hundred Demons by Matthew Meyer — Kickstarter


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

Kickstarter is a video-driven site

“80% of Kickstarter projects at this point launch with videos. We are very much a video-driven site. People land on the page, they hit play, they want to see what’s there.” – Yancey Strickler Creative Mornings June 2011

The project video is an important part of the pitch. It allows people to get to know you and connect with your subject matter. There are a ton of things that you can do with your video. You can shoot it cinematically or just use a web camera. You can be funny or serious. It really doesn’t matter, as long as it is a true reflection of you.

Good Audio

One of my pet peeves are videos that don’t have good audio. If I can’t hear you, then I can’t connect with you. If you are going through all this trouble to make a video, then don’t ruin it with bad audio. Find someone who can lend you some good equipment or buy a decent microphone. Either way, make the extra effort so that your video will have the maximum effect.

How Fancy Should it be?

I think this has to do with how much money you are trying to raise. In my mind, the more money you are trying to raise, the more professional your video should be. This builds your credibility and helps people see that you can articulate your vision.


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending

Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

How to ask for Support

A small detail of the pitch, which is often overlooked, are the specific words you use to ask for support. There are many different ways to ask people to back your project, and I think some are more effective that others. I don’t have any data to back up this claim, but for me the way you ask can really affect people’s decision-making. When done right, it can give people confidence about backing your project.

If you want to see how a pro does it, watch this video with Gary Vaynerchuk, as he asks you to pre-order and support his then, new book, Crush It. The ask comes 1:27 into the video, but make sure you look at the whole thing, so you can see how he builds to it. It’s so subtle you almost miss it. He is intentional about asking for your support but very authentic.

Asking for support is tricky, because you don’t want to be too commercial, and you don’t want to beg either. While the ask is not one of the four key pitch elements, when done effectively, it can actually persuade people to back your project.

Your Project is Not Charity

Is your project a charity? No? Then why are you asking for donations? Charities are really important, but your project isn’t be one of them. A lot of people ask for donations in their pitches. To me the word “donation” is closely linked to charities and implies that the value exchanged is primarily for social good. Kickstarter is about exchanging value and giving your backers something in return. In fact Kickstarter clearly says no charities on it’s project guidelines page.

“This is a place for creative people. It’s not a place for charity.” Perry Chen Rocketboom interview

How to Ask

There are many ways to ask for someone for support on Kickstarter. Here are a few ways I might ask.

“I hope you back my project.”

“With your support…”

“You will be pre-ordering this item.”

“Backing this project will help bring it to market.”

“If you like the project, then please back it.”


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

Clarity is your friend

Your pitch should be short and to the point. People are busy and don’t have time to watch a long video or read a lot of text.

Burying the Lead

“In journalism, the failure to mention the most interesting or attention grabbing elements of a story in the first paragraph is sometimes called ‘burying the lead.’” – Lead paragraph, Wikipedia

This is also true for your pitch. Make sure you open with your most interesting elements. You want people to be interested in your project from the start.

Refine, Refine, Refine

In my interviews with Peter and Dan they both stressed the need to constantly refine your pitch until you get at the very core of your idea.

“Boil it down, more concise, more instant. [With] the attention span of a citizen in today’s world, if you get two minutes that’s amazing.” – Peter Dering

“We put a lot of thought into the project page and wanted it to be carefully crafted to showed that we cared… You want to make that story as crystal clear as possible.” – Dan Provost


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

Show some credibility to get more backers

If there is one thing people should do to make their Kickstarter projects better, it would be to demonstrate more credibility. I really think this is the missing ingredient in a lot of campaigns. The more credibility you show, the better. I don’t think you can have enough of it.

In the Kickstarter world this could mean a couple different things. If you are launching a product, then having a working prototype is very important. If you are doing a more artistic project, then show your work in the video and on the page. If you are making an album, then let us hear an example of your music.

According to the folks at Eureka Ranch, whose innovations appear in many household products, you double the odds of a sale when you communicate real “reason to believe.” The simplest way to do this, is to tell the truth and show your work.

Ideas Are Easy

At the end of a video for The Daily: Business Gary Vaynerchuk makes an excellent point about execution.

“Nobody is investing in ideas…execution is the game. I’m not interested in investing in your idea, everyone has one. Show me if you can execute it, show me a tangible product. That gets people like us excited.”

Ideas are easy. The execution is hard. People want to see that you can carry out what you say. This is why demonstrating your credibility is so important.

If you don’t have a solid working prototype or examples of your work, then maybe you aren’t ready for Kickstarter yet. That’s OK. Launching a creative project is hard. Don’t rush it because you want to do it right now. Take the idea as far as you can before you launch on Kickstarter. It will make the whole process so much easier.


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

Four questions people want answered when visiting your Kickstarter page.

Whenever someone is visiting your Kickstarter project page they are coming to hear about you and your project There are four basic questions that they will want answered. Your ability to answer these questions effectively and clearly will make it easier for people to back you and spread the word.

Who are you? – This can be as simple as your name. People who don’t know you will be viewing this project, so introduce yourself.

What are you doing? – Explain what your project is about and what the result is going to be. You can also talk about how you arrived at this project and the history behind it.

Why is it important? – Are you passionate about this idea? Tell us why. Explain to us why the project is so cool. Passion draws people in, even if they don’t love the subject matter as much as you.

What is the money for? – When answering this question you can be very specific or general, it’s really up to you. “I’m building a prototype” or “I’m using the money to get the book printed” are both acceptable explanations of what the money is for. Saying nothing is also an option, but probably not a good idea for larger projects.

Answer the questions with Story

As you try to answer these questions on your project page try to tell a story. Talk about how this project came into existence, and why you are trying to raise funds.

Now, you might be thinking: I don’t have a good story. Yes you do. Your project must have come from somewhere. Tell us about how you got started and why you love the idea. It doesn’t have to be complicated or in-depth, it just has to be you. The more personal and authentic the better. If your project is about bottle caps, tell us how you got started collecting and why they are so awesome. Make us love your subject matter as much as you do.

If you can tell a story and answer the questions above you will be well on your way to crafting a compelling pitch.


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story

Creating a compelling pitch for your Kickstarter project

Each project page on Kickstarter is essentially a pitch for an idea, your idea. When people come to Kickstarter they are coming to be pitched. They aren’t actively thinking this of course, but they want to hear about you and your project. The pitch can make or break a project, so having a good one is important.

A Kickstarter pitch usually consists of an image, video, and written copy. While most people choose to do a video it is not required. However, the Kickstarter School highly recommends that you do a video. It is a great way for people who don’t know you to learn about you and your idea. When people come to look at your project they will have several questions they will want answered. Answering them effectively can, in some circumstances, double your chances of a viewer becoming a backer.

Over the next few posts we’ll look at  what those questions are and how to use the project page to pitch your idea and get backers. I won’t get into specifics of about how to make your video or what to write because that is really up to you.

What Makes a Good Pitch?

Good pitches have three essential elements: narrative, credibility, and clarity. You don’t need to have all three in your pitch, but a successful project does at least one of them very well.

Narrative – Your personal story and the story behind your idea. If you can explain why you are excited about the project and what led you to create it, then people will have a much easier time connecting with you.

Credibility – This is one aspect of the pitch that people often miss. You want to show people that you are the right person to do this project. You achieve this by showing prototypes of your product or samples of your art. The more previous experience you can demonstrate, the more people will trust you.

Clarity – Keep it simple. Don’t make people guess what your project is or what the result is going to be. The easier it is for people to understand your project, the easier it is for them make a decision about whether to back you.


A Kickstart’s Guide to Kickstarter TOC:

pssst…you can read all of this offline by downloading the e-book.

Introduction
A Kickstarter’s Guide to Kickstarter: Introduction
How Kickstarter “Kickstartered” it’s own website
Understanding Kickstarter
The Basics of Kickstarter
Kickstarter is an updated version of the Parton Model
Kickstarter is like girl scout cookies…without the calories!
Make sure your project has an ending
Some additional benefits to running a Kickstarter project
Perry Chan’s Six Principles on why Kickstarter projects are successful
Yancey’s thoughts on getting funded
Brainstorming Your Project
What is this damn thing about?
Simplify your project for success
Is your project a Purple Cow?
Making Lemonade And Telling A Good Story
Reward The Patrons
Naming Your Kickstarter Project
Doing Your Homework
Before you launch, do your homework
No one cares about you
Some People Care About You
Who is Your Audience?
Where is Your Audience?
Resonating With Your Audience
Crossing Chasms
What Will it Cost?
Understanding Profit Margin and Costs
Setting Your Goals
Make or Break Decisions
Running the Numbers
Focus on what you need
Reasonable funding goals
Why be Reasonable?
How long your campaign runs depends on one thing, momentum
30 days or less
Managing Deadlines
Going for the BIG bucks
The Allure of a Large Backer
Pricing theory, thoughts about pricing your Kickstarter rewards
The Paradox of Choice
Crafting Your Pitch
Creating a compelling pitch for your Kickstarter project
Four questions people want answered when visiting your Kickstarter page.
Show some credibility to get more backers
Clarity is your friend
How to ask for Support
Kickstarter is a video-driven site
Examples of great pitch videos
Launching Your Project
Launching your project
How to track the progress of your Kickstarter campaign
The 30% Kickstarter project “Tipping Point”
Conclusion
How to engage an audience with a Kickstarter project: Idea & Story