“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
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.
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.
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?
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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