Most people try crowdfunding projects on their own, and some are successful.Taking the initiative and showing off your entrepreneurial spirit is great, but building a team to help gives a far greater chance of success
Tampa, FL (PRWEB) November 09, 2013
Crowdfunding Expert Kendall Almerico recently revealed another secret to crowdfunding success. Almerico explains that crowd funding projects built by a team of people, rather than one individual, have a greater chance of success.
“Most people try crowdfunding projects on their own, and some are successful,” Almerico says. “Taking the initiative and showing off your entrepreneurial spirit is great, but building a team to help gives a far greater chance of success.”
Almerico says that crowdfunding projects involving a team typically raise more money, and have a better chance of success than their individual counterparts. “Some statistics show that up to 85% of crowdfunding projects are primarily funded by friends, family and those within the creator’s sphere of influence," Almerico says. "So having a team means more friends, family and others close to you to ask for donations. Logically, the more people involved with a project, the more people who can be approached about funding, and the greater likelihood of success.”
The crowd funding expert released five tips to building a strong crowdfunding team:
1. Pick teammates with a large network. Who brings the most Facebook friends, Twitter followers and LinkedIn connections to the table? That person is a good teammate. Who has a large e-mail list they can blast out information to in a short period of time? Your new teammate, that’s who.
2. Pick teammates who know how to use social media and who are online a lot. “We all have a buddy with 2,000 Facebook 'friends' who posts what he ate for breakfast every day although nobody cares,” Almerico notes. “That guy is not as good as the friend who has 500 Facebook friends, but they all engage in daily conversations with her.” Almerico points out that a teammate with 10,000 Twitter followers who never tweets, is not as good as someone who has 500 Twitter followers and actively tweets, retweets and follows Twitter on her cell phone all day long.
3. Beware of overlapping networks. Friend who has the same Facebook friends as you are probably not the best teammates, at least, not in terms of broadening the network of possible supporters. Look for teammates who have new groups of people they can bring to the table, to supplement the networks already tapped.
4. Bring in teammates who will actually help. "That woman with 500,000 Twitter followers who is a neighbor’s best friend’s mother-in-law’s acquaintance? Is she a good crowdfunding teammate?' Almerico asks. "Probably not, unless she is really engaged in the process and does what you ask. She may have access to a lot of people, but will she have any reason to help the project? Will she interact with her followers for the project, or just Tweet something once (hopefully) and then ignore it? The best teammates are those who will work their contacts and follow up with them for the good of the project."
5. Create a game plan and stick to it. "Teamwork involves everyone pulling their weight, and sticking to a plan devised before you launch," Almerico says. "Before launching the crowdfunding project, divide up the responsibilities and get organized. Be sure everyone knows what they are supposed to do and when they are supposed to do it. Then, be sure to follow through with the game plan."
About Kendall Almerico:
Kendall Almerico is a nationally recognized crowdfunding expert and JOBS Act expert who has appeared in USA Today, Huffington Post, the New York Daily News, Business Insider, Fox Business Network and hundreds of newspaper, blog, radio and television interviews including CNN and The Sean Hannity Show. Almerico is the CEO of http://www.ClickStartMe.com, a crowdfunding site that provides individuals and businesses with an easy-to-use website to raise funds through online crowd funding. Almerico is also the founder of http://www.CrowdItForward.com, a charity-based crowd funding site that performs “Random Acts of Crowdfunding” and raises money for people in need through a 501(c)(3) charitable foundation.
Almerico is available for interviews and speaking engagements and may be reached by e-mailing media(at)clickstartme(dot)com or by calling 813.410.4658.