Crowdfunding for a project or a cause can be a very rewarding process if you include the essential ingredients for success. The increasing amount of noise on the internet it can be hard to get noticed. There are tons of resources and crowdfunding tips on how to be able to achieve and reach your next crowdfunding goals.
The global crowdfunding industry estimated fundraising volume went from almost $3B to $34B between 2012 and 2016 (StaticBrain). The crowdfunding industry is projected to grow to over $300 billion by 2025. This massive increase shows a real social change although only 1/3rd of all crowdfunding campaigns usually succeed.
Campaigns that raise 30% of their goal within the first week are more likely to succeed. While Campaigns that are shared fewer than 2 times have a 97% chance of failure.
According to floship.com, crowdfunding is no small feat. There is plenty to consider when ramping up your foray into crowdfunding. Not to mention living in a time of very short attention spans, makes rising above the crowd even more daunting.
Read the full article by John Hawthorne on Everything You Need to Know About Crowdfunding In 2018.