Had a great time earlier at a Crowd Funding / CO-OP luncheon, we talked about the direction of finance and the great new thing called Crowd Funding. The sad truth is that crowd funding is not new, the name may be but not the concept, and what was truly surprising is that everyone thought they had all the answers to solving the tool use of social media to generate capital attraction. I see social media as a phone call, you answer only if you first know who is calling and second if you wish to talk with the caller, the belief that a great video and a constant blitz of updates is the path to follow is not my belief. I still believe that the human reaching out along with a descriptive expression in video and printed booklet tied into limited email updates is still the way to go, this presently works for us and has been 100 % successful simply because it makes for a fully informed decision. Many find this to be time-consuming and dislike the closed circle launch that is used as we only focus on those that are aware of the project and not the use of a full public platform, we focus on our client list along with the people you know and build from there, I am not in favour of reaching out to the public unless the project offers a product in exchange for participating. Crowd Funding and Crowd Sourcing has and always will be with us, and was not created by social media. I still believe in the power people and a story my mother told me of a farmer and how he received the help of the village to water his crops in exchange for a share in his crops, which I think was Crowd Sourcing.
The money game and how someone has the answer. That someone is you. We all know of a lottery winner or successful business that might be the answer to the getting rich question. Think of your family and friends along with every casual person you know, then try to determine if you truly know what they think of you, and your ability to select a project and follow through on it. Then think of the capital your project might require and while on that thinking path, consider what return is possible.
Lets open the box. If you are willing to put one thousand dollars ($1,000.00) into fruit flavoured popsicle mix. Will they as a group, be willing to put in one thousand, five hundred dollars ($1,500.00). Most will say yes because it is only a conversation, but for an honest answer you have to launch your test first. Then announce while the beta project is up.
Confused or not believing that family, friends and casual group members will not be honest if your project was in conversation stage. As a group knowing each other we wish the best emotion of expression, a solid reaction comes with an effort of your belief. The projects that go from hobby to business have been proven as a hobby. We show you how to get the honest feed back that convert the family, friends and casual group along with their other friends and casual group members into customers.
When you believe, and prove you believe. The truth stands.!