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Crowdfunding Products

Ilan Cohen

Director, Hardware, Tech and Design © . All rights reserved. Confidential & proprietary. [email protected] Indiegogo is the world’s largest platform. We work with startups and existing Who is ? brands to launch new products to the international market.

2 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. $ 15 million $1B+ Unique visitors monthly funded

200+ 600,000+ countries/territories campaigns hosted

3 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Customer Branding and Market Entry Discovery & Market Awareness Validation

4 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. For hardware startups who need funds to manufacture, crowdfunding lets them have their customers pay for their manufacturing Fundraising

5 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Lorenzo Maggiore dreamed of making the Bug-A-Salt, a gun that kills flies by shooting salt. But thought the idea was crazy. So he launched it Indiegogo.

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. For established companies, crowdfunding helps them learn about their customers and prove demand for Customer Discovery & products. Market Validation

8 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Opal Nugget Ice Maker GENERAL ELECTRIC

After raising $300K+ in its first IGG campaign, GE’s FirstBuild team launched a second campaign to prove market demand for its new invention: a nugget ice making machine for the home.

Sales

• $100K in the first hour; $600K in the first 48 hours

Reach • 660K campaign page views • 15K shares • 37 unique stories • 150,000,000 impressions

$2.7M USD RAISED | 6,470 CONTRIBUTIONS

9 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Insights on Customers were Invaluable

Gender Price Points Offerings

Black Male Female

Pink “ “ $119 $129 $139

10 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. “Total time from concept to production: four months. If it flops, no worries. Upfront costs were 20 times less than a traditional product rollout, which can cost tens of millions of dollars. If we’re going to fail, we want to fail fast.”

Natarajan Venkatakrishnan 11 | Indiegogo | Meet Indiegogo © CopyrightHead Indiegogo. of All rightsR&D, reserved. GE Confidential Appliances & proprietary. For companies of any size, crowdfunding is an effective tool to generate interest and awareness. Branding and Awareness

12 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Air By CRAZYBABY

After raising $830K+ in its first IGG campaign, Crazybaby launched a second product, their Air wireless earbuds. Their goal was to drive sales, awareness, and brand visibility.

• Over $750K in just the first week

• 920K campaign page views

• 6K+ Facebook shares

$2.8M USD RAISED | 23,039 CONTRIBUTIONS

13 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Brandsuse Indiegogo to launch into the international market.

Market Entry

14 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Aurora & H1 By XGIMI

Xgimi was the market-leading smart projector in China, but had no international presence. Through their launch on Indiegogo, they were able to build a brand and expand their audience into the US, Europe, and South America.

$1.3M USD RAISED | 2,676 CONTRIBUTIONS

15 | Indiegogo | Meet Indiegogo © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Crowdfunding is still challenging

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. The Strategy

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. Crowdfunding isn’t magic. It’s marketing

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. If you build it they will come

19 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. If you build it they will come

20 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Sales & Marketing Funnel Conversion Rate

21 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. So how do you do it right?

22 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Process Overview

Lock in Secure the Product Build your Drive Traffic Make a Plan right Talent Positioning Materials

1 2 3 4 5

23 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Plan

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. Raise Money Drive Awareness Learn

25 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Scale your timeline and budget based on your goals

26 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. 1-3 months 1-6 months

Start Campaign Receive Ship Preparations Launch Ends Funds Product

60 days 15 days

4 – 12 months

27 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Indiegogo Powerpoint Template Estimated Budget: $ 20% of your campaign’s goal If you have a lot of time, and your team has all the skills in house, this can be lower. If you’re working with many partners on a tight deadline, it will be more expensive.

28 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Launch with

A Working An Engaged, Excited Manufacturing Prototype Audience Secured

29 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Set pre-launch metrics

30 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary.

End at $100k Audience Reach Audience

Time

Live Campaign

31 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary.

Start at $100k Audience Reach Audience

Time

Pre-Launch Live Campaign

32 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Talent

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. Things you need to do You or a partner will need to do everything below as you prepare a successful campaign.

• Copywriting • Video creation • Graphic design • Press outreach • Landing page setup • Paid advertising • Product photography • Email & customer acquisition • Organic • Campaign management

34 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Divide the work between your team and partners

35 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Example Division

YOUR TEAM PARTNERS

• Copywriting • Video creation • Graphic design • Press outreach • Landing page setup • Paid advertising • Product photography • Email & customer • Organic social media acquisition • Campaign management

FACTORS TO CONSIDER

Cost Time to launch Team expertise

36 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Ranges for partner cost

Video Full Service Crowdfunding Agency <$10k for video production, $10k-$30k 5-20% of your campaign + upfront fee for production and direction. ($5-$20k)

Digital Advertising PR Budget 10-20% of your target goal. You’ll $2k-$12k/mo, minimum commitment be higher or lower in that range depends on agency, some exception. depending on how advertising converts

37 | Indiegogo | Indiegogo Powerpoint Template © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Positioning

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Sell This Not This

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. Sell This Not This

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. Have Clear Product Marketing Basics

• What amazing experience does your product enable? • What problem are you solving? • Who is your target customer? • Why you instead of a competitor?

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Talk To Your Customers

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. Content

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. VIDEOS PRODUCT PHOTOGRAPHY

How Long? Product shots • 2 min 30 seconds or less • Final industrial designed prototype • Multiple angles Which kinds? • Components demonstration • Main campaign video • Social media Lifestyle shots • User testimonials • Product in use • Team unboxing Prototype gallery • Product demonstration • Stage of development

53 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. STRUCTURE PERK STRATEGY

• Campaign title & tagline Product pricing • Product introduction • Early bird pricing (20% off) • Features • Increase prices over time • Use cases • Technical specifications Increase funds raised • Team • Focus on fewer perks • Timeline • Upsell with accessories and SKU’s • FAQ’s • Bundle shipping costs

54 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. 55 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. 56 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. 57 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. 58 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Traffic

© Copyright Indiegogo. All rights reserved. Confidential & proprietary. Plan Your Traffic

BEFORE LAUNCH AFTER LAUNCH

Email collection on Press articles linking landing page to your campaign

TRAFFIC Share great social TO Product reviews & content YOUR posts (Facebook, ) PAGE Social referral Engaging friends program and family

60 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Understand What Works Before Launch

61 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. You must have samples to secure press

62 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Use Digital Advertising

63 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary. Discounts can But margins drive pay for traffic contributions

64 | Indiegogo | © Copyright Indiegogo. All rights reserved. Confidential & proprietary.