SlideShare a Scribd company logo
1 of 21
Crowdfunding a Pre-Order
Campaign on Your Own
Website
3 Things $1M+ DIY Crowdfunding Campaigns Share
Q&A
Q: What do hardware startups like Coin, Tile,
August, Lockitron, and Plastc all have in
common?
A: All of these startups raised $1,000,000+ on
crowdfunding campaigns on their own
websites. That’s right--no Kickstarter!
Before We Find Out How...
Let’s go over the ‘5 Benefits to Running Your
Own Pre-Order Campaign’:
1. Greater Autonomy
2. Keep Your Traffic
3. Fewer Fees
4. Optimize Flow
5. Right Branding
1. Greater Autonomy
● You’re your own boss.
● Won’t fall under the Kickstarter, Indiegogo, or
XYZ brand.
● Launching your campaign on your website
2. Keep Your Traffic
● Instead of driving traffic to platform websites,
you’ll get to keep it all to yourself.
● This will be fruitful when SEO sets in, and you
can reap the sweet rewards of an awesome
pagerank.
...Hells yes!
3. Fewer Fees
● When all campaign fees are accounted for, Kickstarter
and Indiegogo charge between 8-10% and 7-10%
respectively
● Pre-order website platforms like Celery or Shoplocket
charge 2% and 2.5% respectively, plus the transaction
fee.
● For example, using Celery as the pre-order platform
integrated with Stripe would mean a total fee of 4.9%
plus $0.30 per transaction.
‘Coolest Cooler’ Example
If charged the maximum,
‘The Coolest’, could have paid
$1,328,523 in total fees to
Kickstarter and their
transaction partner. Eek! The
maximum total on a pre-order
website like Celery (paired
with Stripe) would be
$669,759—chump change!
4. Optimize Flow
● You’re entirely responsible for the look and feel
of your backer’s checkout experience.
● If you’re savvy and see a way to improve
customer onboarding, the options are limitless.
5. The Right Branding Fit
● If your product is slightly outside of the norm, or isn’t
seamlessly suited to platform branding, have no fear.
● Take for example, Lockitron. In 2012 the bluetooth
enabled keyless entry lock was rejected by Kickstarter.
The company went on to host their own campaign that
brought in$150K in less than 24 hours, and earned
$2.3M in total pre-orders.
● You can create your own brand on your own site.
3 Characteristics of $1M+ DIY Pre-Order
Campaigns
1. Double I’s:
Incubated and
Invested
2. Not Their First
Rodeo
3. Media Love
1. Double I’s: Invested and
Incubated
Did You Know…?
Startups who've received funding during or after
entering a hardware incubator like Highway1,
HAXLR8R, or Y Combinator, are measurably more
likely than average to crowdfund independently.
Highway1
Since its 2013 inception, Highway1, has pushed 35
startups through it's program. Collectively, these
startups have raised over $26M in venture capital,
and earned 4.5M in crowdfunded dollars and
counting...
1 in 3 for Pre
● Of the 25 startups highlighted in the Highway1
portfolio, approximately one third have chosen
to run pre-sale campaigns on their own sites
● Among the alumni who have chosen to do so
are: Navdy, Ringly, Cue, Lagoon,Shadowman,
and Palate Home.
2. Not Their First Rodeo
A noticeable factor between those who successfully
run their own pre-order campaign is experience.
This experience comes in all shapes and sizes, but
often looks like:
A. A founder who has previously run a crowdfunding campaign
B. A serial entrepreneur who’s an overall badass.
C. Someone well-known who has made a sizeable exit/sold a
company.
LumoLift Casestudy
A Wee Case Study: Lumolift is the second product by
BodyTech. Their first product, LumoBack, earned $200k in
funding during its 40 day Kickstarter debut. A year and a
half later, leveraging their following and experience from
LumoBack, the company decided to go it alone. Their
second attempt with the crowd brought in $1.2M in
backing—six times that of their first campaign.
3. Media Love
Garnering media attention
and getting into fruitful
media romances are key.
Coin
The campaign video for Coin, Y
Combinator’s, sleek all-in-one credit card,
has been viewed 9.7 million times. They’ve
also been featured in publications like
Techcrunch, BBC, CNN, Fox Business,
CNBC, Bloomberg, Wired, Forbes, Time, and
Entrepreneur. On the first day of their
November 2013 campaign, Coin reached
their $50K pre-order target in just 40
minutes—a feat only possible when you’ve
championed the media.
What’s Next?
A variation of the investment, founder experience, and
strong media coverage cocktail is recycled throughout those
earning $1M or more in independent pre-order
campaigns—the ‘big guns’ of DIY crowdfunding.
In a sense, startups like Navdy, Coin, August, and even
Lumo Bodytech, represent a sort of ‘pre-order’ elite—those
who can “afford” to go it alone.
Future of Pre-Orders
It’s only a matter of time before flocks of fiery entrepreneurs with
kickass products and varied backgrounds begin to carve out major
success stories in the DIY space.
Try Celery
Celery is a pre-order platform
that works with companies,
large and small, who are
challenging the pre-order status
quo! Learn more and follow us
@trycelery.

More Related Content

Similar to Crowdfunding a Pre-Order Campaign on Your Own Website

Crowdfunding: Financing Your Small Business
Crowdfunding:  Financing Your Small BusinessCrowdfunding:  Financing Your Small Business
Crowdfunding: Financing Your Small BusinessPatch of Land
 
Propel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First ArizonaPropel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First ArizonaCJ Cornell
 
Propel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First ArizonaPropel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First ArizonaPropel Arizona
 
Blazon Crowdfunding for Innovation
Blazon Crowdfunding for InnovationBlazon Crowdfunding for Innovation
Blazon Crowdfunding for InnovationMichael Raven
 
Blazon Crowdfunding for Brands Deck
Blazon Crowdfunding for Brands DeckBlazon Crowdfunding for Brands Deck
Blazon Crowdfunding for Brands DeckMichael Raven
 
Propel Arizona Crowdfunding Workshop 2-dec-11-2012
Propel Arizona Crowdfunding Workshop 2-dec-11-2012Propel Arizona Crowdfunding Workshop 2-dec-11-2012
Propel Arizona Crowdfunding Workshop 2-dec-11-2012CJ Cornell
 
Kickstarter and its alternatives: How to choose the right platform for YOUR c...
Kickstarter and its alternatives: How to choose the right platform for YOUR c...Kickstarter and its alternatives: How to choose the right platform for YOUR c...
Kickstarter and its alternatives: How to choose the right platform for YOUR c...Elena Mikhaylova
 
Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...
Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...
Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...Crowdfund Productions, LLC
 
crowd funding document for workshops sep 2016
crowd funding document for workshops sep 2016crowd funding document for workshops sep 2016
crowd funding document for workshops sep 2016Karen Melonie Gould
 
Crowdfunding: Financial instrument or marketing tool?
Crowdfunding: Financial instrument or marketing tool?Crowdfunding: Financial instrument or marketing tool?
Crowdfunding: Financial instrument or marketing tool?InSites on Stage
 
Crowdfunding for Women: The Capital Raising Equalizer
Crowdfunding for Women: The Capital Raising EqualizerCrowdfunding for Women: The Capital Raising Equalizer
Crowdfunding for Women: The Capital Raising EqualizerPatch of Land
 
Crowdfunding for Large Corporations and Professional Investors
Crowdfunding for Large Corporations and Professional InvestorsCrowdfunding for Large Corporations and Professional Investors
Crowdfunding for Large Corporations and Professional InvestorsCrowdfund Productions, LLC
 
Entrepreneurship & Crowdfunding
Entrepreneurship & CrowdfundingEntrepreneurship & Crowdfunding
Entrepreneurship & CrowdfundingAlejandro Cremades
 
A Brief History of Crowdfunding
A Brief History of CrowdfundingA Brief History of Crowdfunding
A Brief History of CrowdfundingEduard Abramovich
 
Adam Vollmer of Faraday Bikes
Adam Vollmer of Faraday BikesAdam Vollmer of Faraday Bikes
Adam Vollmer of Faraday BikesHattery
 
19 Proven Growth Hacks for B2B SaaS
19 Proven Growth Hacks for B2B SaaS19 Proven Growth Hacks for B2B SaaS
19 Proven Growth Hacks for B2B SaaSJoanna Wiebe
 
Kickstart Your Idea Into a Ship"able" Product
Kickstart Your Idea Into a Ship"able" ProductKickstart Your Idea Into a Ship"able" Product
Kickstart Your Idea Into a Ship"able" ProductShipwire
 

Similar to Crowdfunding a Pre-Order Campaign on Your Own Website (20)

Crowdfunding comparison 
Crowdfunding comparison Crowdfunding comparison 
Crowdfunding comparison 
 
Crowdfunding comparison 
Crowdfunding comparison Crowdfunding comparison 
Crowdfunding comparison 
 
Crowdfunding: Financing Your Small Business
Crowdfunding:  Financing Your Small BusinessCrowdfunding:  Financing Your Small Business
Crowdfunding: Financing Your Small Business
 
Propel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First ArizonaPropel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First Arizona
 
Propel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First ArizonaPropel Arizona - Crowdfunding Short Workshop for Local First Arizona
Propel Arizona - Crowdfunding Short Workshop for Local First Arizona
 
Blazon Crowdfunding for Innovation
Blazon Crowdfunding for InnovationBlazon Crowdfunding for Innovation
Blazon Crowdfunding for Innovation
 
Blazon Crowdfunding for Brands Deck
Blazon Crowdfunding for Brands DeckBlazon Crowdfunding for Brands Deck
Blazon Crowdfunding for Brands Deck
 
Propel Arizona Crowdfunding Workshop 2-dec-11-2012
Propel Arizona Crowdfunding Workshop 2-dec-11-2012Propel Arizona Crowdfunding Workshop 2-dec-11-2012
Propel Arizona Crowdfunding Workshop 2-dec-11-2012
 
Kickstarter and its alternatives: How to choose the right platform for YOUR c...
Kickstarter and its alternatives: How to choose the right platform for YOUR c...Kickstarter and its alternatives: How to choose the right platform for YOUR c...
Kickstarter and its alternatives: How to choose the right platform for YOUR c...
 
Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...
Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...
Kickstarter and its alternatives (other crowdfunding platforms and DIY crowd ...
 
crowd funding document for workshops sep 2016
crowd funding document for workshops sep 2016crowd funding document for workshops sep 2016
crowd funding document for workshops sep 2016
 
Crowdfunding: Financial instrument or marketing tool?
Crowdfunding: Financial instrument or marketing tool?Crowdfunding: Financial instrument or marketing tool?
Crowdfunding: Financial instrument or marketing tool?
 
Crowdfunding for Women: The Capital Raising Equalizer
Crowdfunding for Women: The Capital Raising EqualizerCrowdfunding for Women: The Capital Raising Equalizer
Crowdfunding for Women: The Capital Raising Equalizer
 
Crowdfunding for Large Corporations and Professional Investors
Crowdfunding for Large Corporations and Professional InvestorsCrowdfunding for Large Corporations and Professional Investors
Crowdfunding for Large Corporations and Professional Investors
 
Entrepreneurship & Crowdfunding
Entrepreneurship & CrowdfundingEntrepreneurship & Crowdfunding
Entrepreneurship & Crowdfunding
 
A Brief History of Crowdfunding
A Brief History of CrowdfundingA Brief History of Crowdfunding
A Brief History of Crowdfunding
 
Adam Vollmer of Faraday Bikes
Adam Vollmer of Faraday BikesAdam Vollmer of Faraday Bikes
Adam Vollmer of Faraday Bikes
 
19 Proven Growth Hacks for B2B SaaS
19 Proven Growth Hacks for B2B SaaS19 Proven Growth Hacks for B2B SaaS
19 Proven Growth Hacks for B2B SaaS
 
Kickstart Your Idea Into a Ship"able" Product
Kickstart Your Idea Into a Ship"able" ProductKickstart Your Idea Into a Ship"able" Product
Kickstart Your Idea Into a Ship"able" Product
 
Oomi crowdfunding
Oomi crowdfundingOomi crowdfunding
Oomi crowdfunding
 

Recently uploaded

Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j
 
Beyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry InnovationBeyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry InnovationSafe Software
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsEnterprise Knowledge
 
Understanding the Laravel MVC Architecture
Understanding the Laravel MVC ArchitectureUnderstanding the Laravel MVC Architecture
Understanding the Laravel MVC ArchitecturePixlogix Infotech
 
Pigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food ManufacturingPigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food ManufacturingPigging Solutions
 
Benefits Of Flutter Compared To Other Frameworks
Benefits Of Flutter Compared To Other FrameworksBenefits Of Flutter Compared To Other Frameworks
Benefits Of Flutter Compared To Other FrameworksSoftradix Technologies
 
Human Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsHuman Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsMark Billinghurst
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptxHampshireHUG
 
Swan(sea) Song – personal research during my six years at Swansea ... and bey...
Swan(sea) Song – personal research during my six years at Swansea ... and bey...Swan(sea) Song – personal research during my six years at Swansea ... and bey...
Swan(sea) Song – personal research during my six years at Swansea ... and bey...Alan Dix
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 3652toLead Limited
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdfhans926745
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesSinan KOZAK
 
Integration and Automation in Practice: CI/CD in Mule Integration and Automat...
Integration and Automation in Practice: CI/CD in Mule Integration and Automat...Integration and Automation in Practice: CI/CD in Mule Integration and Automat...
Integration and Automation in Practice: CI/CD in Mule Integration and Automat...Patryk Bandurski
 
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024BookNet Canada
 
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...shyamraj55
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerThousandEyes
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationRadu Cotescu
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Paola De la Torre
 
Maximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxMaximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxOnBoard
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024Rafal Los
 

Recently uploaded (20)

Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
 
Beyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry InnovationBeyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI Solutions
 
Understanding the Laravel MVC Architecture
Understanding the Laravel MVC ArchitectureUnderstanding the Laravel MVC Architecture
Understanding the Laravel MVC Architecture
 
Pigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food ManufacturingPigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food Manufacturing
 
Benefits Of Flutter Compared To Other Frameworks
Benefits Of Flutter Compared To Other FrameworksBenefits Of Flutter Compared To Other Frameworks
Benefits Of Flutter Compared To Other Frameworks
 
Human Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsHuman Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR Systems
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
Swan(sea) Song – personal research during my six years at Swansea ... and bey...
Swan(sea) Song – personal research during my six years at Swansea ... and bey...Swan(sea) Song – personal research during my six years at Swansea ... and bey...
Swan(sea) Song – personal research during my six years at Swansea ... and bey...
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen Frames
 
Integration and Automation in Practice: CI/CD in Mule Integration and Automat...
Integration and Automation in Practice: CI/CD in Mule Integration and Automat...Integration and Automation in Practice: CI/CD in Mule Integration and Automat...
Integration and Automation in Practice: CI/CD in Mule Integration and Automat...
 
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
 
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101
 
Maximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptxMaximizing Board Effectiveness 2024 Webinar.pptx
Maximizing Board Effectiveness 2024 Webinar.pptx
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 

Crowdfunding a Pre-Order Campaign on Your Own Website

  • 1. Crowdfunding a Pre-Order Campaign on Your Own Website 3 Things $1M+ DIY Crowdfunding Campaigns Share
  • 2. Q&A Q: What do hardware startups like Coin, Tile, August, Lockitron, and Plastc all have in common? A: All of these startups raised $1,000,000+ on crowdfunding campaigns on their own websites. That’s right--no Kickstarter!
  • 3. Before We Find Out How... Let’s go over the ‘5 Benefits to Running Your Own Pre-Order Campaign’: 1. Greater Autonomy 2. Keep Your Traffic 3. Fewer Fees 4. Optimize Flow 5. Right Branding
  • 4. 1. Greater Autonomy ● You’re your own boss. ● Won’t fall under the Kickstarter, Indiegogo, or XYZ brand. ● Launching your campaign on your website
  • 5. 2. Keep Your Traffic ● Instead of driving traffic to platform websites, you’ll get to keep it all to yourself. ● This will be fruitful when SEO sets in, and you can reap the sweet rewards of an awesome pagerank. ...Hells yes!
  • 6. 3. Fewer Fees ● When all campaign fees are accounted for, Kickstarter and Indiegogo charge between 8-10% and 7-10% respectively ● Pre-order website platforms like Celery or Shoplocket charge 2% and 2.5% respectively, plus the transaction fee. ● For example, using Celery as the pre-order platform integrated with Stripe would mean a total fee of 4.9% plus $0.30 per transaction.
  • 7. ‘Coolest Cooler’ Example If charged the maximum, ‘The Coolest’, could have paid $1,328,523 in total fees to Kickstarter and their transaction partner. Eek! The maximum total on a pre-order website like Celery (paired with Stripe) would be $669,759—chump change!
  • 8. 4. Optimize Flow ● You’re entirely responsible for the look and feel of your backer’s checkout experience. ● If you’re savvy and see a way to improve customer onboarding, the options are limitless.
  • 9. 5. The Right Branding Fit ● If your product is slightly outside of the norm, or isn’t seamlessly suited to platform branding, have no fear. ● Take for example, Lockitron. In 2012 the bluetooth enabled keyless entry lock was rejected by Kickstarter. The company went on to host their own campaign that brought in$150K in less than 24 hours, and earned $2.3M in total pre-orders. ● You can create your own brand on your own site.
  • 10. 3 Characteristics of $1M+ DIY Pre-Order Campaigns 1. Double I’s: Incubated and Invested 2. Not Their First Rodeo 3. Media Love
  • 11. 1. Double I’s: Invested and Incubated Did You Know…? Startups who've received funding during or after entering a hardware incubator like Highway1, HAXLR8R, or Y Combinator, are measurably more likely than average to crowdfund independently.
  • 12. Highway1 Since its 2013 inception, Highway1, has pushed 35 startups through it's program. Collectively, these startups have raised over $26M in venture capital, and earned 4.5M in crowdfunded dollars and counting...
  • 13. 1 in 3 for Pre ● Of the 25 startups highlighted in the Highway1 portfolio, approximately one third have chosen to run pre-sale campaigns on their own sites ● Among the alumni who have chosen to do so are: Navdy, Ringly, Cue, Lagoon,Shadowman, and Palate Home.
  • 14. 2. Not Their First Rodeo A noticeable factor between those who successfully run their own pre-order campaign is experience. This experience comes in all shapes and sizes, but often looks like:
  • 15. A. A founder who has previously run a crowdfunding campaign B. A serial entrepreneur who’s an overall badass. C. Someone well-known who has made a sizeable exit/sold a company.
  • 16. LumoLift Casestudy A Wee Case Study: Lumolift is the second product by BodyTech. Their first product, LumoBack, earned $200k in funding during its 40 day Kickstarter debut. A year and a half later, leveraging their following and experience from LumoBack, the company decided to go it alone. Their second attempt with the crowd brought in $1.2M in backing—six times that of their first campaign.
  • 17. 3. Media Love Garnering media attention and getting into fruitful media romances are key.
  • 18. Coin The campaign video for Coin, Y Combinator’s, sleek all-in-one credit card, has been viewed 9.7 million times. They’ve also been featured in publications like Techcrunch, BBC, CNN, Fox Business, CNBC, Bloomberg, Wired, Forbes, Time, and Entrepreneur. On the first day of their November 2013 campaign, Coin reached their $50K pre-order target in just 40 minutes—a feat only possible when you’ve championed the media.
  • 19. What’s Next? A variation of the investment, founder experience, and strong media coverage cocktail is recycled throughout those earning $1M or more in independent pre-order campaigns—the ‘big guns’ of DIY crowdfunding. In a sense, startups like Navdy, Coin, August, and even Lumo Bodytech, represent a sort of ‘pre-order’ elite—those who can “afford” to go it alone.
  • 20. Future of Pre-Orders It’s only a matter of time before flocks of fiery entrepreneurs with kickass products and varied backgrounds begin to carve out major success stories in the DIY space.
  • 21. Try Celery Celery is a pre-order platform that works with companies, large and small, who are challenging the pre-order status quo! Learn more and follow us @trycelery.