L should always be for Love!

It defeats evil on a regular basis, has the majority of  songs dedicated to it and if you’re lucky its what gets you up in the morning ( your love for your job that is). In crowdfunding there’s a lot of love, you’ve got to love the product/service your pitching and getting other people to love it too. People want to believe that what you are going to do with their cash is going to make a tangible difference to their world and they need to see the passion and conviction from you that will then lead them to connect emotionally with you and they will naturally want to help you out. It’s what gets them to dig their hands in their pockets.

It’s pretty tough trying to fake love so if you’re not being authentic you’re going to have an uphill battle on your hands. And if you don’t believe in what your doing you’re certainly not going to convince anyone else.

Plus if you’ve got these peoples love then you have to take care of it, to turn it into loyalty (another appropriate L word). You might want to do another crowdfund in the future and if you have used their money and not thanked them for it or shown them what you’ve been able to achieve with it they are unlikely to feel like giving you more. Brewdog are currently on their third equity crowdfund and they couldn’t have done it without an extremely loyal fan-base they’ve nurtured.

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