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Be Inspired! Six Tactics of Successful Crowdfunding

Be Inspired! Six Tactics of Successful Crowdfunding

Crowdfunding is all the rage these days. If you have a dream project you want to complete but lack the capital, Kickstarter, Indiegogo, and other similar sites are the perfect places to make it happen. But it takes work for your campaign to be successful. Here are six tactics to help make sure your crowdfunded campaign is successful.

1. Have the project near completion.

This is a controversial tip, but I stand by it. Backers get antsy when they pay for something that is months or years away from being delivered. To reduce the wait time, you should have as much of your project finished as possible before people start pledging their dollars towards it. The larger the gap between funding and delivery, the more hesitant people will be to back your project, and if you’re a month or two late on delivery, your backers’ impatience will start to rear its ugly head.

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2. Build a fan base first.

Launching a campaign with no prior support worked for a certain potato salad Kickstarter, but that crowdfunding behemoth is the exception to the rule. The best thing you can do to find success is cultivate followers over an extended period of time who like your work and will, eventually, be happy to support it with their dollars. Order of the Stick was an extremely popular self-published webcomic before it went to Kickstarter for help. The fandom helped the author raise $1.25 million dollars when it came time to reprint the Order of the Stick print editions, an impressive total for a comic book made up of stick figure characters.

3. Use it as a marketing tool, not just fundraising.

Crowdfunding sites are so much more than simply avenues to raise money; they’re also one of the best ways to promote your product. Crowdfunding campaigns get a lot of attention from the media, oftentimes more than tradition product debuts. Even if you don’t need much money to fund your dream project, you can benefit from launching a Kickstarter with a low financial goal and receive a marketing push you couldn’t have achieved with a typical product launch. Amanda Palmer’s Kickstarter for a record, art book, and tour was a masterclass in drumming up support from people by connecting with her fans on a very personal level.

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4. Make good art.

Do you know what Order of the Stick and Amanda Palmer’s million-dollar album have in common? They’re both crowdfunding campaigns for creator-driven, quality works of art. There are a lot of elements to a successful campaign, but in the end people want to support good projects. Make it a priority to produce the best rewards you can, and the backers will come.

5. Solve a problem or fulfill a need.

If your campaign is for something unique that fills a niche, it could find massive success. Classic watches went out of style with the rise of cell phones, but people still want something to put on their wrists. Tiktok came along in 2010 with a Kickstarter to make wristbands that allow you to wear devices like an iPod Nano, as a watch. That campaign raised almost one million dollars. Two years later Pebble came to Kickstarter to fund an early version of the smart watch, raising a staggering $10 million–a record for crowdfunding.

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6. Be transparent.

It’s understandable if things fall behind during the fulfillment stage; almost every Kickstarter I’ve backed has delivered its rewards at least a few months late. Backers accept that life leads to delays, but what they don’t accept are lame excuses and radio silence. Admit when you make mistakes and provide backers with a steady stream of updates so they know you haven’t abandoned the project. They need to know that the project is still of utmost priority and that you will deliver what you promised. The biggest Kickstarter disasters have resulted from miscommunication or just a complete lack of it. Do yourself a favorite and communicate with the people who supported making your dream a reality.

Featured photo credit: Kickstarter Project Shelf at the Kickstarter HQ/Scott Beale via flickr.com

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Matt OKeefe

Matt is a marketer and writer who shares about lifestyle and productivity tips on Lifehack.

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Last Updated on March 31, 2020

How to Use Visual Learning to Work More Effectively

How to Use Visual Learning to Work More Effectively

Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

The Importance of Knowing Your Learning Style

Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

But it all starts when you’re able to first identify the best way you learn.

As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

The four most popular types of learning styles are:

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  • Visual learning style (what this article talks about).
  • Aural or auditory learning style (learning by listening to information presented).
  • Verbal or linguistic learning style (learning that involves speech and writing).
  • Tactile learning style (learning by touching and doing)

But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

How to Know If You’re a Visual Learner?

When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

How to Use Visual Learning for Success

Here’re 4 ways to use visual learning to boost your career or business:

1. Bring back the to-do list. Then add shapes and colors to boost productivity.

We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

2. Add graphs, charts and symbols to your reports.

Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

3. Effectively brainstorm with mind-mapping.

Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

4. Add video streaming to meetings.

What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

Is Visual Learning Better Than Other Learning Styles?

No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

More About Learning Styles

Featured photo credit: Unsplash via unsplash.com

Reference

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