It's Chloë’s Weekly Update
Why I 💘 Crowdfunding
Hello {{first_name | there}},
If I ever have an idea for an eCommerce store... step 1 = crowdfunding
Why?
☑️ It's market research
You'll find out which packages and price points appeal, what your target base are like, what they respond well too, and so much more.
⏩ It's fast
It condenses a year of learning and sales into a c30 day window.
Which then helps you fast track your growth over the next year or more.
💰 Brings in cash, but keeps you in control
You're not giving away equity, you're not taking out a loan, but you're getting the cash influx you need for the next stage of the business (or to make the moulds etc etc).
🫶 It builds you a community of passionate supporters
This is the BIG one - you're not just getting sales, you're recruiting fans and early adopters who will rave about you to others, and help you make future decisions about the business.
⛔ It gives you a big "launch" line in the sand
With any idea, it's easy to stumble around without progressing - a crowdfunding campaign gives a 'before' and 'after' a big line in the sand for your company's evolution.
I think a crowdfunding campaign to kick start things would be a no brainer of a marketing/business strategy.
What do you think? Join in the discussion here
Keep Optimising!
Chloe
Podcast Host, Author, and now... Chief Success Strategist @ Emetko Media
Poll time:
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