D is for Draining….!

We hear lots of hype about successful crowdfunds – but what we don’t hear is the behind the scenes work involved and actually how draining it is, it can be relentless.

Because most people tend to only crowdfund once, they are not prepared for the ongoing madness that just can’t let up until the end. Moreover, you’ll probably be trying to fit the crowdfund around your job, which means you’ll be putting in twice as much work, time and effort.

Speaking from experience here though we supported projects on our original platform, it wasn’t until we actually carried out a live crowdfunding campaign did we had any idea of the commitment, energy and early mornings that were involved. So, here are some tips to manage the drain.

Work out exactly how much you are trying to raise and over what period of time. We chose 80 days for the Nucoco campaign. That’s 80 days of tweeting, facebooking, writing thank you emails and updates to donors, very draining. From one SoLoCo account alone, over 3000 Tweets were sent during the campaign.

Ensure your Comms plan is flexible. If you’re getting fatigued with your messaging you can be sure that your followers are too. Early on we could see the tell-tale signs of boredom and worked out how we could change our messaging; putting out a photo campaign, focusing more on filming, doing a series of funny tweets, conversing more with our donors (that always made us feel better!)

Have lots of people to help out. Share the load. Be aware if one of the team is burning out.

Have a laugh. Don’t forget, its about engaging people and humour is often a great way to get your messages across.

Have team bonding sessions. Go to the pub. Go out, let your hair down, have a laugh.

Book some time out after the crowdfund. This is vital, you’ll need it. We were up at 7am every morning tweeting, including Saturdays and Sundays. It might be draining – but the pure adrenalin at the end is worth it.

Next up: E for Evangelise

C is for Creativity!

For arguments sake, lets say you have a very desirable product, a team of specialist marketeers and a massively engaged following…job done, your crowdfund will be easy and you can sit back and watch the cash roll in. If, one the other hand you don’t, then you need to get creative, very creative.

Next time you’re watching Telly or pass a billboard, pay attention to the advertising, see how they do it. Now I know they have big budgets but the principles are the same with or without money. Advertisers are not so clever, they just have a grasp of physiology; how to play to our emotions, our desires and our sense of fun. You have to think about what resources you have and make best use of them in a creative and inspiring way. Think about what will capture the imagination of your potential crowd, what do they want, what will make them sit up and give you some of their money. Again, have a look at other successful crowdfunds, strip away the veneer and see what they are actually offering, then watch how they present it.

For the difficult sell you will probably need what we call the ‘Golden Brick’ our metaphor for that thing that makes your customers really want to get involved. After that, you will need to get the messaging right. There may be more than one message to get out there depending on the diversity of your market. Use the social media channels effectively, try to get some PR if possible, get a celeb onboard, not easy but it can all be done if you put your mind to it. Get excited and your following will get excited too.

Before you publish your campaign, have the basic creatives in place, you need to know what you are doing before you begin. After launch you can add to or amend the messaging. You may find something surprising happens, something unexpected, go with it, add to your tool kit of messages, be creative in the way you respond.

And finally, listen to others around you, you may be so entrenched in your campaign you may miss something obvious to others around you who have clarity. Don’t be worried about adopting good ideas, make them your own and go for it. Some of the best advertising is theft, if the pros do it so can you. Remember, having fun with the creative will come across to your customers and they will like it all the more.

Next up – C is for Customers

B is for building relationships

On starting a crowdfund it is very easy to fall into the hard sell. But before you’ve hit the ‘publish profile’ button you need to ask yourself, what is it that you really want to get out of the crowdfund. Is it just the cash? Is it more customers? Is it a greater following?

If you are pre-selling a product, you are less likely to need to build a personal relationship with your customers as they are more interested in the product than in you. However, if you want to build a following of engaged consumers then you need to genuinely build a relationship with them.

Building relationships is a two way thing. It’s not simply about telling people what you do, it’s about conversing with them, paying them attention and genuinely listening to what they have to say. It’s about engagement.

Crowdfunding can be way less formal than a corporate website might be, you can chat to your followers and have fun. Twitter is great for the creative amongst us, with so few characters you need to be inventive especially if your campaign is going to last for months. The more fun you have the more fun your followers will have. This takes time, thought and flexibility. No Comms/marketing plan should be rigid, more a fluid document that will change and develop in time, but it is absolutely worth it in the longer term.

Not wanting to state the obvious but Twitter and Facebook are very different ways of engaging existing and new customers. Facebook though very visual is also a passive medium, users don’t have to do very much and inevitably don’t. Twitter on the other hand is a hugely powerful channel for engaging people. Users are prepared to converse and that is where the power and energy lies. We found Twitter to be by far the most effective method for attracting new customers, engagement and ultimately selling. On Twitter alone we sold approx £12K of product in 3 months.

Another great method for cementing your relationships is by creating micro-films and posting them on Youtube or Vimeo, they’ll allow you to update your followers and they’ll feel closer to you and your proposition. They don’t need to be super professional either, creating them on your phone is sufficient. And finally for this post, don’t forget offline engagement, go and meet your followers if possible, go to networking dos, events and to the street if you can; take every opportunity to further develop your relationships; these are your ambassadors, the folk who care about you, your business or project and will help spread the word.

Next up – C is for Creativity

A is for Aaaargh

A is for Aaaargh!

Over the next few weeks we’ll be writing the A-Z of crowdfunding. We want to give you some top tips, some of the pitfalls, the ups and downs of creating and delivering a crowdfunding campaign and attempt to unravel why some campaigns are successful and others are not. Our blogs will focus on the donations-based model, the space we’ve lived and breathed for the past 18 months. So, A is for Aaaaaaagh….should I, shouldn’t I??

The first question to ask yourself is: do I really have something that people want or can use or can buy into; if it doesn’t have the “wow” factor or a hook to engage micro-philanthropists how will you persuade me to give you a little of my money? Perhaps you think your proposition is great but have you checked with anyone else, do your customers or users think your idea is great too? I think you need to be completely honest with yourself, if you’re not there’s a strong chance you will waste a lot of time and resources going nowhere. Remember, an overwhelming number of crowdfunding campaigns fail, we hear about the successes but not so much about the failures.

Something else we’d recommend in the first instance is to have a look at all the major platforms, see how other people have done it, see what makes something work or not work, you don’t have to dig too far to find projects going nowhere, languishing on crowdfunding websites with no chance of raising funds. Spend the time to research propositions similar to yours, take it seriously, use sites like ‘social mention‘ or ‘topsy‘ as a guide to their social media presence. Be aware of the commitment that a successful campaign requires. It maybe that after some serious research you decide crowdfunding is not for you, on the other hand you may just be inspired to go for it.

Next up, B is for Building Relationships

Back Out There

Back Out There™ is a non-profit organisation and registered charity providing employment for wounded, injured and sick (WIS) veterans. It aims to give WIS personnel a renewed and reinvigorated purpose in life. Many of these people will have to endure years of recovery both physically and psychologically.

Back Out There™ differs from military charities in that it will operate a hybrid military-civil environment. It understands that mainstream employment is not always the best choice and so the transitional employment option, building life skills, confidence and a renewed purpose will bring out the best in those who are most vulnerable.

SoLoCo is working with Back Out There™ at an early stage to help develop it’s networks and will be developing a crowdfund later in the year for the Stuart Expedition, an expedition organised by Back Out There™ that will traverse through the interior of Australia and will be manned, facilitated and supported by vulnerable veterans.  For further information please click here.

Stuart Expedition BOT


We are proud to announce that Nucoco were awarded the Best Use of Social Media award for the SoLoCo crowdfunding campaign by The Glasgow Business Awards 2012. Great team work.  And what a night!

Since the crowdfund they have gone from strength to strength and are now stocking their gorgeous chocolate in a number of shops throughout Scotland.

20 questions to ask yourself before you start crowdfunding

By now many will have heard something about donation based crowdfunding and you may be thinking about your own crowdfunding campaign. Here are some questions to help you decide if crowdfunding is for you.

  1. Why would anyone give you  money? That’s the key, finding a way to engage your crowd so they part  with their hard earned cash.
  2. Have you thought about your  campaign, how you will actually do it and what does it look like? The  campaign and strategy will define your life for the duration of the  crowdfund, are you up for it, do you have the resources, expertise and  stamina?
  3. What happens if you don’t  get any money at all? There is risk involved, have you thought how you  would manage that and move forward?
  4. Do you believe in your project; are you sure?
  5. Is crowdfunding the best way of raising the capital you need? Have you investigated other options?
  6. Is your idea a good idea, are you convinced? Is your idea innovative and compelling? Have you tested it at all?
  7. Do you have the support of  your family, friends or business colleagues? The campaign will be  relentless, are you sure you have all the right people around you?
  8. Why would anyone buy into  your vision or project? The crowd will potentially be made up of many  individuals, how will you persuade them to get involved and support you  with their money?
  9. Have you created a pitch  that everyone will understand easily? Are you able to write the kind of  copy you will need that speaks to your crowd?
  10. How will you demonstrate  your idea? Will you make a video, take photographs, write a poem? How  will you do this, have you the resources and skills needed to develop a  smart, clear and powerful argument?
  11. Can you last the course of  the campaign? What will you do after month 2 and things are getting  difficult? Do you have any help you can call upon, will your supporters  give you a hand? Are you running your business/project as well as  crowdfunding it?
  12. Who is you audience, market or crowd?  Have you thought carefully about your marketing strategy?
  13. Do you have a network in  place or are you starting from scratch? Do you have contacts to help  with PR, Social Media, design….?
  14. What will your crowd like  to have in return for their money? What will captivate them enough to  buy into your vision?
  15. What are your messages? You  may have different market segments, how will you reach out? Do you have  the expertise to develop this aspect of your campaign?
  16. Are your rewards really inviting? Are you convinced your audience will love them?
  17. How much do you need to  raise? Have you factored for expenses, the time and material costs  required to run the campaign, the cost of the rewards etc?
  18. How will you administer the campaign, who will stay in touch with your supporters and how?
  19. Are you flexible? If  something doesn’t work will you be able to devise an alternative  quickly, implement and go forward?
  20. Are you prepared to stay in touch with your funders post campaign? It takes effort and dedication.


We are developing a series of crowdfunding and engagement workshops.
If you are thinking about crowdfunding but have no idea where to start, we run full day workshops through out Scotland.
The format of these workshops will be interactive, and we will need a minimum of 15 participants for each. You will get the chance to simulate a crowdfund at breakneck speed.  So, be prepared!  By the end you will have a better understanding as to how to communicate with a wider audience, what they think of what you’re saying, and what to put into your communications plan….

The cost of the workshop is £100 per person and includes lunch. If you would like help with funding for this, please visit the Skills Development Scotland site.  For further details or to note your interest please Click Here to contact us by email.