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Five things you need to know for effective crowdfunding
After being involved in numerous crowdfunding campaigns – both successful and unsuccessful – here are my top five things to be aware of.
- At its most basic crowdfunding is digital storytelling
- It’s not easy
- It’s not free
- Think about your investors
- How much money do you need from them?
- Why do you need it / what will you do with their money?
- When will you repay them?
- How will you repay them?
- Practice makes perfect