Table of Contents
Why do Kickstarter projects fail?
Some projects fail simply because they launch at the same time as too many other projects (or several other similar projects). You can try to avoid this by keeping your finger on the pulse of your industry (for the game industry, resources like this are helpful). Also, you don’t need to launch today!
What three things should every Kickstarter project have?
Let’s go through these, one by one….Every Kickstarter project should have the following:
- A project page with a video and description that clearly explain the story behind your project.
- Rewards that backers will receive when the project is completed.
- Updates that share the creative journey as the project comes to life.
How Safe Are Kickstarter projects?
Kickstarter is responsible for providing a safe and reliable platform for our users. This includes creating clear rules for creators and backers who use Kickstarter, and monitoring our site for compliance with those rules.
What might be the dangers risks or downsides of choosing Kickstarter for a borrower for a lender?
What Are the Cons of Kickstarter?
- It’s an all or nothing format.
- All successful campaigns must pay a fee.
- You cannot pledge toward your own project.
- People can forget that they pledged money.
- Crowdfunding is not an actual marketplace.
- Kickstarter has certain standards that must be met.
- It isn’t easy.
What happens if a Kickstarter project doesn’t deliver?
Kickstarter is not a store and creators are responsible for the final delivery of their rewards, including deciding what their refund policy will be. It’s important to keep in mind that requesting a refund while the project is still progressing could seriously impact a creator’s effort to bring their project to life.
What makes a Kickstarter successful?
As the largest funding platform for creative projects in the world, it’s no secret as to why Kickstarter is as popular and successful as it is. With a simple design, easy-to-use interface, and an ever-growing userbase, Kickstarter is the number one place independent creatives go to raise funds for their projects.
Are Kickstarter campaigns legit?
In order to launch a project on Kickstarter, a creator must first go through steps to verify their identity, this ensures that they are a real person. The creator’s verified name is then displayed publicly in the creator bio.
Is starting a Kickstarter worth it?
Kickstarter can be a great platform for startups and small businesses in need of funding. Not only can you get the money you need to grow your company (without incurring debt or giving up equity), but you can also expand your customer base. But this definitely is not a “get rich quick” strategy.
What happens if Kickstarter doesn’t deliver?
If you can’t deliver your Kickstarter project, do you have to pay the money back? If you are unable to complete your project, then yes. When you launch a project on Kickstarter, you agree to their Terms of Service. In a nutshell, you are creating a contract between you and your backers (not Kickstarter).
What is Kickstarter’s “risks and Challenges” section?
One of the clever additions Kickstarter has added to their platform over the years is the mandatory “Risks and Challenges” section at the bottom of the project page. This is the only predetermined portion of the project page–you must have it, and you can’t change the title.
Why did we add the risks and Challenges section?
We added the “Risks and Challenges” section to reinforce that creators’ projects are in development. Before backing a project, people can judge both the creator’s ability to complete their project as promised and whether they feel the creator is being open and honest about the risks and challenges they face.
What are Mage Company’s “risks and challenges” on Kickstarter?
The page, as is the norm, contains a video and information about the game. However, in the Kickstarter-mandated “Risks and Challenges” section, MAGE Company eschewed the usual casual discussion of general projects risks. Instead, they included what appears to be a “Terms of Backing” of sorts.
Does Kickstarter feel like a store?
It’s hard to know how many people feel like they’re shopping at a store when they’re backing projects on Kickstarter, but we want to make sure that it’s no one. Today we’re introducing a number of changes to reinforce that Kickstarter isn’t a store — it’s a new way for creators and audiences to work together to make things.