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CDPS_G4_Crowdfunding_Module 4, image, image, spotting potential fraud -…

- - - - Pre-tuned single station FM radio in a mason jar
  - - - Great chance to continue learning about electronics
  - - - Asked what they would pay for the product
        
        Gauge a general price point 25000 $
        
        Set a goal
        
        500 Backers supporting and that would be a successful
  - - - Get feedback
  - - - National Public Radio
    - - Interest a lot of people
  - - - The parts of the radio manufactured in China/ Taiwan
        
        The circuit board from Massachusetts.
- - - - Purple
        
        New and Ongoing as organizations
        
        Fashion, Games, Technology, Food, Production Design
        
        People come frequently
      - Orange
        
        Pre-existing to raise additional funds
        
        Fashion, Games,
      - Gray
        
        One time business
        
        Film, Theater/Dance, Arts
  - - - People are copying ideas of Kickstarters and producing before them.
      - patents, trade secrets and copyrights
        
        Mostly Tech and Designs for patents and secrets
        
        Filing first (4,000 to 6,000)USD
        
        the most powerful way of discouraging competition
        
        Comics, Music, Publishing for copyrights
  - - - Can help initial funds to launch your company
- - - - not a way for earning money
- - - - Smart Home Ecosystem product that help people
        
        include Information about a day
        next bus
        messages over the night , emails ,
        camera for selfie
      - crowdfunding is receptive in the past for hardware
        
        wanna search any other similiar companies in the market
        
        found out crowdfunding as a really good opportunity for early adopters
    - - 3 or 4 months bucket preparation
        1. own research about market 2. try to understand customer segment
        
        click splash page and collect how many (data)
        4.Typical stuff (video,Q&A, paper) PR
        Potential Journalist
      - Made the Press
    - - snowball effect
      - Where are you banking ?
        
        Search the traffic
        A. Kickstarter
        B. Facebook
        
        Heavily on Facebook
        
        But FB is not a huge drvier for campaign numbers.
        
        What Other Professional help?
        
        Find free lancer
        
        Affordable
        
        Raised than expect
        
        Using data
        
        Last 24 hours
        
        can't unpledge towards the last 24 hours
    - - At the beginning
        
        Having trouble is unlikely to happen
        E.g: Video not rendering
        
        Hectic
      - In the middle
        
        Things would get into routine
        
        More manageable
      - At the end
        
        Things go crazy again
      - Planning
        
        Suppliers
        
        Initial research
        
        Duration
        
        Actually sign a contracts
        
        Informing delivery dates
        
        Other issues
      - Managing backers when the campaign is down and still on delivery
        
        Commit to updates once a month first of all, and then in between
        
        Keeping up to the backers questions
        
        Kickstarter webpage
        
        E-mailing privately
        
        Being Consistent
        
        Telling the backers what to expect and delivering on that
    - - heavy and irregular sized objects
        internationally
        
        Shipping fees is included in campaign numbers
      - plan out your campaign goal
        
        project percent of your campaign international backers
    - - Starting earlier at least 6 months earlier
        
        building our Email list
        
        Facebook ads
        
        Kickstarter page
        
        $15,000 would be 10,000 e-mails on your list
        
        Conservative: 50,000 e-mails
        
        Time: at least 6-12 months
        
        Media: Social Marketing
        
        include a link to your Website splash page
        
        get feedback from
        
        positive loop
        
        1 more item...
- - - - these are relatively small ranges, and
        the failure rates are pretty low
  - - - have enough people looking at a problem, to someone the answer's going to be trivial and they'll know how to solve it right away.