Crowdfunding | 9 Out of 10 Crowdfunding Campaigns Fail

Greg Jacobs used crowdfunding to sell $502,000 of his product through crowdfunding in about 30 days. This is pretty phenomenal yet this is not your average crowdfunding campaign. Great states in the video that 9 out of 10 crowdfunding campaigns fail meaning they do not reach their goals.

Here is the typical traditional crowdfunding campaign scenario. A person has a viable need so they create an account and put their picture on their campaign page and write their story. Next they send it to family and friends and put it on social media and ask family and friends to share.

Keep in mind that if 9 out of 10 crowdfunding campaigns fail the traditional way to crowdfund will not work. There are several reasons why traditional crowdfunding fails here are at least three to think about.

• most people set a goal of how much they need to raise yet they lack the strategy on how to actually raised the amount.  
• most people will solely rely on family and friends and strangers who happen to see the campaign.
  
• most people do not have a large enough network or reach to raise the bigger donations like the $500,000 that Greg raised.

How can a person who truly needs to raise donations for medical bills, to pay off school loans, or a missionary trip, or to build a school, or to cover burial costs or to raise capital for a business?

1. create a plan
2. create a strategy
3. create a timeline
4. get a crowdfunding coach, mentor or consultant (someone who knows how to crowdfunding online)
5. get about 5 to 10 people to assist with the campaign

There are several ways to have a successful crowdfunding campaign. Knowing that 9 out of 10 crowdfunding campaigns fail - moving forward planning and strategy is a must.

What is crowdfunding? Crowdfunding is by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. Crowdfunding offers individuals a chance at success, by showcasing their personal and or businesses and projects to the entire world. The great thing about crowdfunding as well is it is no longer fundraising on a local level...the audience reach is global.

We are a group of leaders who like to help people and the global crowfunding system we utilize works. We simply use our smartphone, laptop and wi-fi access and raise funds online by working in sync together. To reach crowdfunding strategist who use a innovative crowdfunding system go to http://crowdrising.empower.pw