Once a crowdfunding campaign has finished, your task is to then reward those who have helped you, with the products youve promised. These difficulties can cause you additional stresses as you struggle to meet the needs of your growing busin
Once a crowdfunding campaign has finished, your task is to then reward those who have helped you, with the products you’ve promised.
These difficulties can cause you additional stresses as you struggle to meet the needs of your growing business and its customer base while supporting your greatest brand advocates who were there when you needed them.
So what should you consider to make sure that your fulfillment won’t become a problem at the end of the campaign?
When you are first setting up your crowdfunding campaign, ensure that you are including some of the rewards costs you will need within the funding goal.
While this may seem very basic, it is often forgotten by those new to crowdfunding.
What then happens is that businesses have to find the funds to fulfill their promises to supporters and this can create a gap in their operations budgets.
2. Don’t Forget Postage And Packaging
When it comes to the big mistakes, so many crowdfunding campaigns forget to include postage and packaging within their funding goals costs. This can quickly add up when you are starting to fulfill your rewards to contributors.
Rate changes for bringing items into a country and out can vary, which can be hard to predict.
It is also the contributor’s responsibility to ensure that items they are receiving can be legally imported into their country and any associated import taxes that might be incurred.
However, you can gain a significant amount of favor by giving a heads up to your contributors so when they receive the notice from their carrier or post office, there won’t be any surprises.
Crowdfunding fulfillment is the last but most important element of the crowdfunding process.
It allows you to recognize the contribution your supports have made by delivering on your promises. Therefore, you should ensure that everything goes smoothly and that you are able to produce, package and post their reward without any trouble or unexpected cost to you.