The team at Extreme Crowdfunding Bootcamp kicks off another hands-on 2-day training in support of entrepreneurship among Toronto artists, startups, small businesses, inventors, makers and authors.
TORONTO, Nov. 23, 2013 /CNW/ - Crowdfunding has become an effective solution when looking for the funds needed to launch projects centred around creativity, innovation, entrepreneurship, and social causes. In spite of its ease of access, success on a crowdfunding campaign is not as simple as one would think. The evidence is clear from a recent Forbes article noting the 56% failure rate of campaigns on Kickstarter (source) and 80% failure rate on Indiegogo (source), the two most prominent reward-based crowdfunding platforms in the world.
The implementation of a crowdfunding campaign, no matter the size, can be a huge undertaking. Creating a campaign page and pitch video that fulfills a need or captures the imagination of potential backers is the first of many hurdles. Extreme Crowdfunding Bootcamp Toronto hopes to bridge the knowledge gap and educate crowdfunders with a proven workshop they currently deliver at INcubes, a leading accelerator for internet start-ups.
"We provide a hands-on, intensive session with a money-back guarantee," says KC Harry, Co-founder of Extreme Crowdfunding Bootcamp Toronto. The bootcamp allows participants to learn and immediately apply their knowledge on a crowdfunding campaign they are currently working on," As an example, feedback and results from recent participants demonstrates the reward-based crowdfunding success factors, including:
- Social Proof: Knowing who has backed a campaign through the various social media platforms can help influence pledging decisions by others.
- Validation: Being successful on a campaign is a form of validation for the product, service, or cause.
- Engagement: People who pledge to a crowdfunding campaign can be champions to attract additional pledges.
- Momentum: Securing pledges in the first 3-5 days of an active campaign, through implementation of a pre-launch event, can ignite the campaign's momentum and attract more attention from potential backers.
A new Extreme Crowdfunding Bootcamp Toronto session is planned for November 30 - December 1, 2013. Interested parties are invited to register using EventBrite at http://crowdfundbootcamp.eventbrite.ca.
Extreme Crowdfunding Bootcamp warmly acknowledges its Toronto event sponsor: INcubes, http://incubes.ca/. Sponsorship inquiries from other organization are invited and welcome.
About Extreme Crowdfunding Bootcamp Toronto
Create a professional crowdfunding campaign in two days! Extreme Crowdfunding Bootcamp Toronto is an offering of The Crowdfunding Source, which launched in 2013. They provide intensive, hands-on crowdfunding training and believes that every individual, entrepreneur and not for profit organization should have the right tools and the right preparation to be successful when running a crowdfunding campaign. We help people and companies get their projects funded through crowdfunding education and training.
SOURCE: The Crowdfunding Source
For further information:
For further information or for media / press pass access on December 1, 2013, from12:00 noon to 2:00 p.m.