It feels great to make a crowdfunding contribution to your favorite business or non-profit, but what if your contribution could also earn you the chance to put your name on a fancy plaque or get a garden named after you? That’s what “naming rewards” do—promote your name—or the name you select—in a very public and […]
In the last blog, I wrote about the four types of rewards, and now, I’d like to drill down a little deeper into each one—starting with Pre-Sale Rewards. Pre-Sale Rewards are products and services offered by the campaign creator in exchange for contributions. These items are normally sold by the campaign creator’s company and […]
There are five basic types of crowdfunding —donation-based, rewards-based, lending, equity and royalty. The Local Crowd platform fits into two categories —rewards and donations—because our contributors can receive rewards in exchange for contributing to a business project, or they can make a simple donation to a cause they support. The “rewards” space offers tons of […]
One important strategy for crowdfunding success is building a good team—as crowdfunding studies have shown us that teams of four or more people raise more money. Yet, this also seems to be a huge stumbling block—capsulized in the frequent refrain, “But, Katelyn, I don’t have anyone to be on my team!” As a success coach, […]
Part of The Local Crowd’s foundational purpose is to facilitate an economic system that is in harmony with environmental sustainability. This has inspired me to examine my own life, my impact on the environment, and ways I can make a difference. In the process, I have discovered some amazing products and companies, and I want […]
The title of my blog today is a quote from TLC CEO Diane Sontum. She believes that the practice of gratitude can change the world—and I want to share a personal story of how it changed mine. Every day during TLC team meetings, Diane asks us to share something we are grateful for. At first, […]
Reaching your campaign goal is a reason to celebrate, because you’ve done all the right things, and, yay!, it worked! Yet, what happens when you reach your goal and you still have days or weeks left on your campaign? Use this as an opportunity to raise even more money by creating a stretch goal. […]
When looking at a crowdfunding campaign from the outside, we often view the funding goal as a random number that someone pulled out of a hat. But setting a funding goal is actually a very strategic decision that takes several steps to make. Start by visualizing your project needs in three stages—what you need to […]
In our last blog we talked about how important it is for you to uncover the “Why” behind your crowdfunding campaign—why are you launching the campaign and why will people want to support you? Knowing your why means getting clear about the greater purpose of your business what makes you come alive, and how that […]