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CrowdFunding
- 3. Socialization Budgeting 30 % Funding Pre-Launch checklist Kicktraq.com Prior work Check your Product Create awareness 2-3 months Prior & help people. Finalize how much money you need with C and PF Manage to gather 30% of funding before Launch Make a house keeping list
- 4. Trust Choosing the right Platform Realistic Target Building Interest 3-4 month Prior Access to capital Serve as Marketing tool Proof of concept Free PR - - - - ... Dark vs Bright Copyright Issue Managing accountability Hedges the risk Opportunity of preselling
- 5. Launch your Project Launch your CF page Monitoring and Controlling Make a housekeeping list Brainstorm on Rewards or equity Pledges Risk and Challenges Video Shoot Make detailed Synopsis Write the Requirements Research on crowd funding sites Decide End date of campaign. Verify your Account number Budget your cost Socialization STAGES OF PROCESS
- 6. *Access to capital *Benefits for Communication through both local and global means STRENGTHS *Weaker investor protection and potential for fraud. *Administrative and accounting challenges WEAKNESSES *Low barrier of entry *social network for promoting OPPORTUNITIES *Risky nature of small business *Legal restriction on equity CF THREATS SWOT ANALYSIS
- 8. All or nothing and Flexible 5% or 3 % and 9 % More than 235 countries and territories On demand feature Accept everything Less Brand Awareness All or Nothing. 5% and 3% Only 21 countries More Project funded No On demand Acceptance issue if not tech Brand awareness IndiegogoKickstarter Less project gets funded. Famous ones
- 9. Thank You Head +Heart+ Hand = Design Thinking