Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith

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Kickstarter News

Here is some data about successful vs. unsuccessful Kickstarter projects.

Successful projects averaged 38 days while unsuccessful ones averaged 43 days. A short campaign is often better, such as 30 days. If you are raising a lot of money, consider 60 or 90 so you have time to build momentum.

Successful projects averaged $5,487 while unsuccessful projects averaged $16,365. Asking too much is a common reason for failure. Set reasonable goals. It's a good idea to start with small projects -- raising a few hundred dollars is quite doable, and a few thousand possible. Raising $10,000 or more is really hard.
Tags: cyberfunded creativity, economics, news
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