If you’re a crowdfunding project manager, you probably know how important it is to create a cool rewards structure. Not only do these incentives motivate people to take action, but they are also digital and cost-effective. So, if you’re looking for creative reward ideas, look no further. Below are just a few of the top rewards available for any crowdfunding campaign. If you haven’t created one yet, you’ll want to get started today!
Crowdfunding rewards are cool
A good way to increase your crowdfunding success is to offer incentives for your backers. Karl Steinmeyer has put together a list of 101 cool rewards. These include a virtual hug, a party bus ride, a night out with the creators, a tree planted in their name, and experiences like a trip to the company headquarters or a brain-picking session. He offers a sample rewards campaign structure.
When creating your crowdfunding rewards, be creative. Unique incentives will attract attention and attract the press, resulting in more traffic for your crowdfunding page. One crowdfunding campaign offering unique rewards was the Storyline campaign, which aims to raise money for an online comedy show. It rewards backers with opportunities to star in the show or sing on its theme tune. As a result, the campaign has received national press attention. These cool rewards are sure to draw the attention of backers and generate a lot of buzz.
They create incentives for people to take action
The concept of crowdfund-based campaigns originated when major players in the music industry started online campaigns to raise money for albums. The word “crowdfunding” only emerged in the mid to late 2000s, and the major crowdfunding sites such as IndieGoGo and Kickstarter launched in 2008. Here we look at some of the legal pitfalls to watch out for when launching rewards-based campaigns. In particular, we look at the potential use of celebrity endorsements to increase your campaign’s rating and value.
The two major types of crowdfunding differ in how they allocate resources and reward participants. While donation-based crowdfunding is the most common type of crowdfunding, reward-based campaigns are increasingly popular and allow people to see what they will get for their donations. This model provides both material and immaterial compensation to crowd members. In both cases, rewards are provided to those who contributed funds through the crowd. In return, crowd members are rewarded for their time and money by receiving tangible products or services.
They are digital
One of the best ways to attract backers to a Kickstarter project is by offering a reward they can use. While most Kickstarter projects feature tangible rewards, some companies also offer digital ones. Offering digital rewards can help you keep backers interested during development. For example, you could offer to record a testimonial after backers use your product, which you can then use in interviews or blog posts. You could also engrave your name on a product or participate in a personal Q&A with the founders.
They are at a reasonable price
When it comes to choosing a crowdfunding reward ideas, the rewards you choose should be at a price that makes sense for the business. Whether you are selling a discounted product or offering one-on-one time with a fan, be sure to include shipping costs and other costs. Don’t be tempted to go generic with your reward ideas – backers are the most understanding customers and understand that crowdfunding products won’t be as accessible as ones you can buy off the shelf.
They are unique
Offering a lot of options for crowdfunding rewards can be overwhelming. While offering 7000 signed T-shirts might sound like a great idea, it’s best to keep your rewards simple and focus on a few key rewards. This way, your backers can focus on your product, and not the hundreds or thousands of other rewards on offer. To make the most of your rewards, you should consider using a reward tier system.