Wanna Be A Crowdfunding Success Story?

Aspiring entrepreneurs can learn so much from crowdfunding success stories. Taking advantage of websites like Kickstarter puts your brilliance on virtual display for a whole host of future customers. But if you want to command major bucks for your company, carefully consider the forthcoming pieces of advice. Incorporating them into your pitch will make your idea that much more investment-worthy and ultimately help you meet your fundraising goal.

Courtesy of www.blackenterprise.com

Courtesy of www.blackenterprise.com

1. The Elevator Pitch – If you can’t sell your idea during an elevator ride, LEARN HOW TO DO IT. Embrace the art of writing an elevator speech and then memorize it. Practice it in front of a mirror. Think about a tweet. You get 140 characters to make someone decide to favorite or retweet your thought. Same concept applies here. Two sentences, thirty seconds – compress that story and sell the heck out of it before your target audience loses interest. You have one shot to captivate them. Don’t mess up.

2. Swear Partners To Secrecy? – Not if you want to heighten awareness of your product or service. Pre-launch is super-important because you want to have your “street team” already assembled and evangelizing your offering. Get the word out by leveraging your network, which will best position you for a big splash. Don’t be afraid of someone stealing your idea. Chances are pretty good nobody will run with it and beat you to the punch.

3. Plan For Delays – Challenges often crop up when planning for a product or service release. Best case, you launch on your scheduled date. But always have a contingency plan in place as backup, as well as a communication ready for all the folks eagerly awaiting your launch. You want to keep them personally invested.

4. Just Give Me A Reason – The product is supremely important to prospective investors BUT the story should never be overlooked. To sell a product, you need to establish a reason WHY someone should buy. Use the story to create the perception of need and watch it drive the demand.

What other pearls of wisdom can any of you successful crowdfunders share??

You Have Five Seconds To Impress Me…GO!

I’m long-winded by nature. If something can be stated in five words, it will take me thirty to get there. Luckily, I’ve tempered this in my writing.  But speaking…yeah, takes me a while to get to the point.

So it’s no surprise that I hate the words “elevator speech.”

Courtesy of www.eagleonline.com

Courtesy of www.eagleonline.com

This is the golden opportunity to pitch your idea/product or service.  Here’s the set up.  A prospective customer steps into an elevator. The doors close. You have about a five-second window to score a sale. What the heck do you say???

Back in my handbag designing days, when women would ask me what’s so special about Krina bags…well, let’s just say when my back was to the wall and I needed to impress, I fell short.  Exquisite Italian leathers…eh.  Vivid colors…boring.   Made in the U.S.A…makes them more expensive and potentially cost-prohibitive.  Um, Katherine Heigl has one?  Try again.

Same concept applies to writing. People find out I’m a writer and they’re curious about my novels.  Oh, you have a new book coming out? What’s it about? While it’s a simple question, one which I should be able to answer easily, how do I convince them they absolutely NEED to read it?

Well, there are a couple of parts to a successful elevator pitch. And as luck would have it, the setup really applies to any type of sale.

1. Set The Stage – Choose your first few words carefully. They need to hook your audience immediately and heighten interest in your overall message.

2. Reel Them In – Identify the conflict. Provide a scenario that identifies a challenge or obstacle.

3. Establish The Need – Provide differentiation. Show your audience why your product or service is something they need to buy. How is it going to make their life better? In other words, WHY SHOULD THEY CARE?

Check it out…it even works with books!!! This is my elevator pitch for “Unlikely Venture.”

After devastating news threatens her livelihood, Jessica Latham swears off men…until she meets Silicon Valley rising star James Callahan. But when a vindictive frenemy exposes Jessica’s scandalous secret, James is forced to choose – the future of his company or his heart?

It’s hard to stand out in only a few seconds. But when people ask, you need to hook them in otherwise they’ll shut down and anything you say will just be white noise.

You have one chance to make a first impression. So make it COUNT!!

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