The best time to prepare a
Kickstarter project is a few years ago. Your history of generosity creates a bank of goodwill from
which you can draw. The second best time to prepare is right now.
On July 13, I launched a $2500 Kickstarter project that raised $3,027.
Direct contributions raised an additional $1,185 for a total of $4,212. After fees,
I grossed $3,909. After paying for the rewards to backers, collateral
materials, and shipping, I netted about $3400—a good chunk of the cost of
self-publishing Little Deadly Things.
Success is not rocket science. It’s just hard work plus a few basics.
Here’s what I learned.
Write a damned good book and a
perfect Kickstarter pitch. Twelve
percent of my funding came from strangers browsing Kickstarter for interesting
projects. An indifferent pitch and the kindness of strangers will pass you by.
Aim low. Set a funding goal that you can
attain or exceed. If you fall short of your goal, your project will not be
funded.
End your project on the second
weekend of the month.
The first paycheck of the month pays the bills. The second check is more
disposable. Don’t end a project at month end, when the money’s spent.
Short projects work better than long
ones. Maintain a
sense of urgency, and stay focused.
Backers help people they like. People
you know won’t care about your project so much as they will care about you.
Don’t take it personal. Make it personal.
Backers,
II. Your generosity is infectious. Be a vector of giving to gain
credibility. More about that at the end of this blog—don’t miss it.
Backers,
III. People you’ve helped
will help you. But there’s a caveat: if
you touch someone’s life, stay connected. I’ve done a lot of pro-bono work, but
the only ones who responded to a solicitation were the most recent of the folks
I helped, or those with whom I’ve stayed in touch.
Everybody likes a hero. Nobody likes
a mooch. Use social
networks wisely. I posted daily on Facebook. People were interested in the
book’s progress and experienced my journey vicariously. But I was careful to
mention my Kickstarter project only
three times.
One-third of my pledges came through the Little Deadly Things’ Facebook page. Remember to build your story on
social media well before you start your funding appeal.
You must have a project video. It doesn’t have to be fancy. Check out the LDT video. It’s clearly home
grown, but it worked.
Keep your video short. 197 people clicked on my five-minute
video, but only 20% watched to the end. Your video should be well under three
minutes.
Communicate well. Successful projects require strategic
Updates. Too few, too many, or overly long Updates can mean failure. Short
sentences and paragraphs are easier to read.
Rewards rule! The perceived value of the reward
should approximate the size of the pledge. Browse Kickstarter to see what other
project creators offer.
Rewards, II. You must include low-dollar value rewards. Nearly one out of three
Kickstarter backers pledged $10. Their reward was an eBook, which was very profitable
because there are no inventory or shipping costs.
Rewards, III. International backers preferred eBook
rewards due to extra shipping costs and customs fees. If you ship print books
internationally, indicate “Gift” on the customs form to avoid fees charged to
the backer.
Rewards rule, IV. Shipping is the tail that wags the
dog. I underestimated these costs. Also, I offered posters as a reward. I had
to purchase mailing tubes and extra postage. Wish I’d thought that through!
Do not kick in your own money in order to hit your goal. It may be considered
money-laundering. Your project may be taken down and the pledges cancelled.
Compliment Kickstarter with direct
mail. One-third of
my support came from people who do not frequent the internet. Bone up on how to
write a fund-raising appeal. Ask local
shopkeepers how they handle requests for donations. Six percent of my proceeds
came from shops I patronize.
Support Grubstreet’s young writers. Read
Little Deadly Things. Starting in January, Little Deadly Things will fund a quarterly
scholarship for the Grubstreet Young Adults Writers Program. You can help YAWP—and read a damned good novel—with your
purchase. Buy from the LDT site, or from Amazon. You can even borrow the Kindle
version free, from the Amazon Prime Lending Library. That helps YAWP too. Find
out why YAWP might have saved a main character’s life.
Kickstarter is a heckuva lot of work. But it’s worthwhile. Best of all, it will make you a better writer.
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