Crowdfunding 101 – Is crowdfunding right for you and your project?


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Show Notes

You may have heard stories of some entrepreneurs who have raised thousands, tens of thousands even hundreds of thousands of dollars for their projects, products, or business expansion and maybe you’ve wondered if your latest idea could be funded through some sort of crowdfunding campaign.

From relatively small projects – like publishing a book – to large projects like renovating an office building – crowdfunding as a way to raise money and fund projects has gone from novel idea to mainstream strategy.

But is it right for you?

I asked crowdfunding strategist Dr. Letitia Wright to come on the show and gives us the basics to help us get our collective heads around this.

As America’s Crowdfunding Strategist, Dr. Wright recently taught at Dallas Start Up Week 2016. Soon after that event, she traveled to Maui on an open invitation to be present and speak into the lives of the participants for Maui and Oahu Start Up Week 2016. She is the founder and head of the Crowdfunding Academy and invests her time, energy, and wisdom into other individuals by making sure they know everything that is required to run a successful Crowdfunding campaign and reach their goals.

Something fun about her? She has had a talk show on the Dish Network since about 2002.

Listen in as Dr. Wright reveals…

  • The 7 different types of crowdfunding
  • The one thing you never want to do when trying to crowdfund for your business
  • The importance of PR in a crowdfunding campaign
  • The most important key to success in any crowdfunding effort
  • How long a crowdfunding campaign should last
  • What crowdfunding doesn’t save you from
  • And how participating in crowdfunding can help your children learn about investing

Be sure to listen all the way to the end so you can get your cocktail exercise and action step for this episode.

Links to Resources Mentioned in This Episode

You Tube Fan Funding

Tube Start 

Patreon 

Links to Connect with Dr. Wright

Get Dr. Wright’s free report: http://www.getcrowdfundednow.com/
Twitter @DrWright1 Facebook DrLWright

Take It Deeper with Additional Reseach

Before You Launch Your Crowdfunding Campaign, Read This 

Crowdfunding — Legal Issues for Small Businesses 
Introduction to Crowdfunding for Entrepreneurs (from the SBA)

The Unique Value of Crowdfunding is Not Money — It’s Community (from Harvard Business Review)

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About Us

Winnie Anderson is an award-winning copywriter and brand strategist, a
best-selling author, and respected instructor. She writes books,
creates courses, and provides limited one-on-one consulting with
and for introverted entrepreneurs who are ready to get their
message out in a bigger way and who hate selling. Learn more about
her here or connect with her on social media including Facebook and Twitter.

Judy Jordan is a virtual production assistant who helps
entrepreneurs get their message out in a bigger way using live and
recorded virtual events like webinars, teleseminars, live moble
streaming, podcasts, and virtual conferences. Learn more about her
at her LinkedIn page or connect with her on Facebook.

Sue Brettell is brand developer and designer who acts as Winnie’s creative director. Sue helps entrepreneurs communicate their brand essence by creating compelling visual brand elements and
coordinating them into a strong, unified visual brand. Learn more about her at her LinkedIn page. Connect with her on Facebook.

 

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