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One Thing You Shouldn't Forget To Provide After Your Successful Crowdfunding Campaign Ends

Photo of Tambay A. Obenson By Tambay A. Obenson | Shadow and Act March 22, 2013 at 10:42AM

UPDATES!!
2
Crowd-Funding

UPDATES!! 

Updates, updates, updates! I can't stress that enough. 

As someone who's contributed to several fundraising campaigns, on Kickstarter, IndieGoGo, via Paypal, and elsewhere, and also as someone who writes about this stuff, I find it frustrating when the filmmakers/producers behind a project I contributed to, don't post regular updates on their progress - this is after they've successfully reached their fundraising goals.

These don't have to be daily, weekly, or even monthly updates. But you really shouldn't let a lengthy period of time pass before you post an update via whatever crowdfunding site you used (they provide for that) on where you are, with regards to the project your contributors donated money for. It's just courtesy, really. 

I was inspired to post this because a project I contributed to, in late 2011, which is not yet complete, and which I only just happened to think about while researching another project, hasn't provided any updates since spring of 2012! That's almost a year ago, and way too long of a period to let pass without sharing something with your donors. It doesn't have to be some detailed, comprehensive update; but at least let us know that you're still working on the project, and that the $36,000+ you raised is being put to good use - specifically what you said you were going to use the money for.

It could be a simple note to say "hello" accompanied by a few sentences about what's going on with the project. I'm a filmmaker myself, so I understand, while in production, things can get a bit hectic, and updating your Kickstarter or IndieGoGo contributors isn't exactly the first thing on your to-do list. And I also realize that there isn't always going to be something to update your contributors on. But, like I said, you don't have to do this frequently. However, it's ridiculous to allow a full year to pass without any kind of an update. I think that'll turn some folks off, and may actually hurt your reputation if you plan to go the crowdfunding route for future projects.

These crowdfunding platforms rely on an honor system, so do your best to honor it. 

And if you happen to be providing updates elsewhere - like on a separate blog, or maybe you've created a Facebook and/or Twitter page for the project - you should make sure to mention that on within the pages of your Kickstarter, IndieGoGo, or whatever platform you use, so that your contributors know where to look and subscribe. 

I'm guessing that a lot of folks contribute money, but don't necessarily follow the progress of the project they contributed money to, and may even forget about it altogether. But there are those of us who do follow your progress, and really appreciate the updates, especially when they happen often enough, helping us stay abreast of how the project is moving along.

It's really not that difficult a thing to do, and, as I said, it's just courtesy, and good business!

So... FYI.


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