3/12/2021 Tip: Gaining a Built-in Customer Base | Growthink

3/12/2021 Tip: Gaining a Built-in Customer Base

Today’s Quote

“You only have to do a few things right in your life so long as you don’t do too many things wrong.”
~ Warren Buffett

 

Today’s Tip

Continuing with this week’s theme of my favorite hidden benefits of crowdfunding, another great benefit is that you gain a built-in customer base.

When you get others to fund you via rewards-based Crowdfunding, you build a customer base. If you provide a good product or service, these customers will be prone to buy more products and services from you (the same products, upgrades and/or new products you develop) in the future.

Your customer base is an extremely important and valuable asset of your business and you could never build it too soon.

 

Today’s Resource

The Travel Tripod, The Wyrmwood Modular Gaming Table & The Exploding Kittens Card Game

Do you know what the Travel Tripod is?

Or the Wyrmwood modular gaming table?

Or the Exploding Kittens card game?

Well, each of these companies raised a significant amount of funding via Crowdfunding in the last year.

How much?

The Travel Tripod raised $12,143,435

The Wyrmwood modular gaming table raised  $8,808,136

And the Exploding Kittens card game raised $8,782,571

Do you have a good idea?

If so, learn how to raise Crowdfunding for YOUR company <–

 

Trivia

Today’s Question: The Microsoft Corporation is reputed to use a tactic called “FUD” to confuse its competitors. What does FUD stand for?

Previous Question: What percentage of Fortune 500 CEOs use the services of an executive coach?

Answer: 25% to 40%

According to HR consultancy The Hay Group, between 25% to 40% of Fortune 500 CEOs use executive coaches.

The point: even the world’s top business leaders understand they need to constantly improve and aren’t afraid to get advice, support and coaching from others.
 

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