Before you launch, do your homework

Before you create your project on Kickstarter you will want to do some research. You need to know how much it will cost to execute your project and produce rewards. And you need to know who your audience is going to be. I will examine each of these aspects in more detail, starting with audience since it is often the most overlooked.

Without an audience, a project will not get funded. You will want to have a good idea about your audience before your project launches. I often find people searching for an audience while their campaign is running. I certainly did this the first time around, and I don’t recommend it. If you are lucky enough to already have an online audience, then you probably already know how to reach them. This section is primarily for people who don’t have an audience and are trying to build one through a Kickstarter project. For those of you with an audience, you may want to read it anyway. It just might help you appeal to an even larger group of people.

One aspect of the project that you probably already have in mind is how much money you’re going to go for. It’s time to dig a little deeper and figure out exactly what it’s going to cost to do your project. Your costs will come from the project itself and in fulfilling rewards. You will want to have a good idea about how much money you will need for each of these areas. They will play an important role during the next phase when you must set your funding amount.

For the product, look up different prices related to the item you are trying to produce. For example, if you are making a book, look online at all of the different printing options. What is the cost of a hardcover? What is the cost of a softcover? How much does it cost to ship the item? How many do you need to produce before you get a discount? What supplies or materials do you need to complete the project? Do you need specialized instruments or tools? Make a list of everything that you will need and how much it will cost. You will need to come back to this list later.

For rewards, make sure you research shipping costs as well as production costs. If one of your rewards is going to be a T-shirt, then you will need to know how much it costs to make and ship the item. Often people don’t factor in the cost of rewards into their funding and then are left without enough money to complete their project.

One example of someone who might not have put enough time into researching her costs is Paula Patterson. According to a New York Times article, On Kickstarter, Designers’ Dreams Materialize, her V-luxe iPad entertainment accessory ended up costing a lot more time and money than she originally thought.

You may already have an idea of what your project is going to cost in total. However, now is the time to refine that estimate.


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

Naming Your Kickstarter Project

I bet you already have a name for your project, but do you have a title? Titles are a little different from names. You can name your project anything you like, but it might not make a good title when viewed on the web.

Try to imagine how the title of your project will look when someone posts it on Facebook or Twitter. Will it make sense? People get hundreds of links each day, so a good title can help them understand what your project is about quickly. Take the title of this project for example: A Kickstarter’s Guide to Kickstarter. From this title I know exactly what the project is about. I know that it is being written by someone who has used Kickstarter and the outcome is an e-book.

Good titles capture people’s attention and bring them into your project. Titles can be a little mysterious, but they should provide enough information to pique someone’s interest. If your title is too generic, people won’t be able to tell what you are doing. For example, “The Green Project” is not a great name because it says nothing about your project. Is the project about saving the earth or building a replica of The Green Monster?

Don’t worry if you can’t come up with a catchy title just yet. You have until you launch your project to change it. Write down some ideas, test them out, and see which one you like best. Ask your friends or co-workers to see which one piques their interest the most. Naming is hard; so take your time and don’t settle on anything too quickly.


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

Reward The Patrons

You probably have some ideas for rewards. Some rewards are obvious. For example, if you’re making a book, then a possible reward is a print copy of the book. Other rewards might not be as easy to come up with.

Really think about all the different things you can do and offer as rewards. Just like your main idea, you want them to be as creative as possible. Rewards are an important part of Kickstarter because they are where the most “value” is exchanged. Having compelling and fun rewards are all part of the Kickstarter experience.

One thing to think about is the difference between physical goods and digital goods. Digital goods are easy to replicate and cost very little. Physical goods cost more to produce but have a higher intrinsic value. It’s not that digital goods are meaningless. In fact, they can be quite valuable. However, they don’t invoke the same feeling as physical goods. Think about receiving a handwritten letter vs. the hundreds of emails we get every day. There is a reason why wedding invitations are still sent via “snail mail.” Treat your physical awards as souvenirs, and give them to people who care the most about your project.

Don’t worry about pricing your rewards just yet; that will come later. For now, generate a list that you can come back to later. As the details of your project become clearer, you will have a better sense of which rewards will work best for your project.

There are rewards that are created as a result of your project, and rewards that are created to complete your project. While brainstorming, you may come up with both types, but the former will be much more effective.

For example, if your project is to make an album, then the result will be a set of songs that you can send to people. Offering the songs as a digital download or CD would probably happen even if you didn’t use Kickstarter. However, having a T-Shirt as a reward might attract backers, but is not necessarily something you would make while producing an album.

Sometimes you may need to create additional rewards, but most of the time you will want rewards that are a direct result of your project.


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

Making Lemonade And Telling A Good Story

After you have added some fun to your project, think about how you are going to tell your story. A powerful tool, that lies at the heart of Kickstarter, is storytelling. Sometimes the way you talk about your project is more important than the product itself. Being able to tell a compelling story is very hard. When done right, it can move people.

In 2009 I came across one of my favorite YouTube videos of all time. It was a trailer for a movie called Lemonade. The movie was about advertising professionals that have been laid off and were starting over. What I love about the Lemonade trailer is that in 2:30 the narrator tells a complete story in a meaningful way. You connect with the people and the subject matter. Even if you have never been laid off, you can feel their pain and bitterness.

When telling your story on Kickstarter you should strive for a similar effect. If people can connect emotionally with your project, they will be more likely to back it or share it. The story that you tell on Kickstarter does not need to be as well produced as the Lemonade trailer. However, the more thought you put into how you will tell the story the more impact it will have.

The Lockpicks project by Schuyler Towne is probably one of my favorite examples of storytelling. I found it while building the campaign for Identifying Nelson. He tells the story so well that it draws in people who do not share his passion. I’m not interested in lock-picking, but by the end of this video, I am! I want one. I don’t even know what I would do with with a kit, but the story he tells makes it seem so exciting!

Lockpicks by Open Locksport by Schuyler Towne — 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

Is your project a Purple Cow?

Once you come up with some specific goals and outcomes, start thinking about all the creative things you can do with your project. You want to make the idea of what you are doing as interesting as possible. Remarkable ideas have a much easier time getting funded. Spend some time to think about how you can make your project as wacky, zany and fun as possible.

There are so many people that want to make films, albums, books, games, etc. that you need to do something to make your idea stand out. But what makes an idea remarkable? It depends on the people who are going to like your project. If they think it’s cool, then they will talk about it. I will talk more about audience in the next section. For now, just think about all the different ways you could spice up your project.

I won’t pretend to be a master at creating remarkable ideas. I’m still learning myself. If you really need help making your idea cool, check out Seth Godin’s book Purple Cow. It’s all about how to make your product, idea or business remarkable. I’ve read it several times and each time I learn something new.

A great example of a “purple cow” was a project to build a statue of Robocop in downtown Detroit. The idea was so remarkable that it got featured on high profile blogs and was overfunded by $17,000. The project was very successful even though the project video was nothing more than a ten-minute recap of the movie. Remarkable ideas spread on their own and don’t need a lot of help to catch people’s attention.

Detroit Needs A Statue of Robocop! by Imagination Station Detroit — Kickstarter

Making an idea creative and interesting is very hard and you may not get it right the first time. I know I didn’t. Just keep working at it and getting feedback from friends. When people start to say “Hey that’s a neat idea!” then you might be on to something.


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

Simplify your project for success

Kickstarter works best with projects that have clear outcomes and specific goals. Larger projects with multiple parts are harder to get funded. I will get into the logistics of this a little later. For now, spend time thinking about what the specific outcome of your project is going to be. Your project does not have to be simple, but the outcome should be. Here are some examples of specific outcomes:

Writing an e-book

Making an album

Finishing post-production on a film

Making a pen

Films and other large projects have many different parts to them. If your project is similar, try to break it down into smaller parts, such as filming, editing, post-production, etc. Each part should have a specific goal and outcome. Projects that are too general may not get approved by Kickstarter and, as stated earlier, are more difficult to get funded.

A project to “start a pen business” will not be approved by Kickstarter. It is too broad and does not have a clear outcome. Even if it was approved, it would be hard to get funded. Potential backers want to know exactly what your project is about. If it is not clear, they may hesitate to spend money on your project. Instead, focus on a smaller slice of the business like launching your first line of ballpoints.


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

“What is this damn thing about?” ~ Steven Pressfield

In Do the Work, Steven Pressfield talks about the challenges of taking on creative endeavors. He says we often get off track because our ideas aren’t refined enough. One way around this is to constantly ask yourself: “What is this damn thing about?”

This is a great place to start with your Kickstarter project. Can you clearly state what your project is about and what the outcome will be? The most successful projects on Kickstarter can. If you are having trouble, then your idea or project might not be ready for launch. That’s OK. You don’t need to rush it. I wish I had taken more time to think things through during my first project. It would have made everything much easier.

One great way to get feedback about your idea is to tell some friends. Friends are great because they’re honest sounding boards. If they can’t understand what you are trying to do, then how is a stranger going to? Ask them what they like and dislike about your idea. You don’t have to follow their advice, but you should at least listen.

Often projects are unclear because they are too big and complicated. Next you will need to figure out what the outcome of your project will be. This is going help you refine your idea and get the project into a form that works well on 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