Now the most obvious blog for K would be about a rather famous crowdfunding platform that has in the last year extended into the UK. But no, I was determined to find our own K. So I came up with Killer Ideas. I’ll talk about platforms another time – wait for P!
Killer Ideas are what makes a crowdfund. They are the hook that makes people’s ears prick up, and then entices them to put their hands in their pocket. SoLoCo works on the principle that a crowdfund has pillars that you can base your campaign on as follows:
“hook, social media engagement, network, geography, capacity, reputation and branding”
Of these, the critical pillar is the hook – and if your product or service doesn’t have a hook you need a killer idea within your campaign to make one.
When we crowdfunded with Nucoco we wanted to raise funds to help a chocolate company afford its branding and packaging. At first glance you may feel this would be easy ‘everybody likes chocolate’. But do they like it enough to donate more than the sum of a chocolate bar? The product was delicious, but what would make them stand out from other hand-made chocolate houses? So, we had to create a hook. Our ‘killer idea’ was to sell handmade chocolate and cake bricks that at the end of the campaign would form an edible installation. So we went all Willy Wonka – even to the point of hiding a ‘golden ticket’ worth £1000 in one of the bricks.
If you’re product or service doesn’t make waves, think of your killer idea first and how to build that into your campaign. Remember the social media world is a noisy place. Killer ideas can help you to rise above it and be noticed.