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Project Creator Handbook

Project Creator Handbook

 

Whether it is a restaurant,a cafe, a backpacker hotel, a ecological leisure farm, a concert, a movie, a book, as long as you think it represents a more interesting life style, a more interesting way of life, can be your project. Each project should have a clear goal, and eventually you will complete it, and the supporters will receive rewards.


 

Project creator identity :

 

The Service is available only to individuals who are at least 18 years old (and at least the legal age in your jurisdiction). You represent and warrant that if you are an individual, you are at least 18 years old and of legal age in your jurisdiction to form a binding contract, and that all registration information you submit is accurate and truthful. Refer to terms of use for more details : https://fundraising.my/pages/terms-of-use


 

A step by step guide on creating a project in www.fundraising.my crowdfunding platform.

 

Get big picture by understanding flow as following:

 

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Create A Project (Step-by-Step)

 

1. Click to Start :


 

2. Enter basic information :

 

 

 

3. "Basic" page :

Once you've entered this information, you will be taken to www.fundraising.my's 'Basic Page".

 

 

4. "Rewards" page :

 

The most important part of a project is REWARDS setting. Interesting and creative reward inspiration will lead your project to successful.

 

A remarkable reward is one of the best way to encourage your crowdfunding project getting pledged. It's always good to offer copies of what you're making, prototype of your product, studio visit, and things like T-shirts. But extra-imaginative rewards can help make your project all the more memorable.

 

When structuring your rewards keep in mind your campaign’s bottom line. Don’t put yourself in a position where you’re left with only funds to cover the costs of the rewards themselves or worse you’re coming out of pocket. We can’t stress enough the importance of setting yourself up with a budget and timeline that you can stick to. In this you’ll want to address all monetary and time costs you anticipate to incur from production to shipping and definitely give yourself a buffer for unforeseen costs.

 

Have these relationships with suppliers and/or fulfillment services lined up in advance and work pricing of those services into your budget. Plan your “Estimated Deliver Date” of your rewards in advanced where you’ll be able to fulfill demand and the expectations you set for delivery, without losing on quality. With costs mapped out for each reward tier you’ll be able to have a clear idea of the expected margins to make on each tier. You can then confirm or adjust your campaign funding goals accordingly.

 

More guidance on how to set attractive rewards at : (we will release the link soon)


 


 

5. "Story" page :

i) Project Image & Tagline

 

ii) Introduction Video

iii) Project Description

 

Tell an interesting story, and keep it short

You want to share your story on your project page. What do you want to accomplish with the help of your fans? Use your video and text to quickly and accurately describe who you are, what you want to do, and why you do it. You should tell people why your ideas make you so excited to achieve, tell your strength and experiences to the potential backers to believe you have the ability to complete it. Explain exactly the reason of raising money.

 

Show the design of your idea or new shop so that backers able to visualize and image your business. Include pictures of your rewards in the project description end. Backers would like to know more about their reward.


 

You and Your team

Introduce yourself and your project team members. Tell the story behind the project. How your team is formed. Include your team portfolio, any important events or people that shaped your project.

 

Potential backers need such details

The time you plan to complete the project and the time it takes to deliver the reward. Be more frank the better.  Your budget, even if it is only rough. The budget is proof of your plan in advance;

 

The most important thing is fun. This will make your project compelling.

 

You may find some examples of reward based crowdfunding platform at our blog.fundraising.my

iv) Risks & challenges


 

Update & Continue - Your new project will be saved in Draft mode.

 

 

6. "Verification" page :

Some documents are compulsory to upload to make sure your project is approved by admin of www.fundraising.my. Its to minimize the risks of fake project by admin effort to screen through those necessary documents.

 

To understand more at : https://fundraising.my/pages/verification-document-requirement

7. "Preview" page :

Launch Your Project.

 

There is no limit to the time your project can stay in 'draft' mode.

8. Project Update  :

 

Update your project from time to time to interact with your backers.

 

Throughout the project cycle, from the start to the reward delivery in the hands of each backers, you can communicate with the backers through project update. This is actually one of the best part of backers participating in your project, backers can direct interact with you as well.

 

Three common project updates:

 

i) Create momentum

Show your fans the latest developments and the latest milestones that will motivate them to help you spread the story. Put your project in front of a backers like a story. Various details, such as "pictures of the founder team meet up last night" or "we found a suitable photographer for our film," will allow your backers to share your excitement.

 

When your project starts, you will receive comments and messages from the project's comments area. Remember to check and respond to these questions frequently. If some questions are often asked, you can consider adding to your project Q & A.

 

ii) Process

When your project is successful funded, you should update your project progress so that your fans understand all of your efforts. This is an indispensable part of the start. Even if the progress of the project is not as expected, you should also update, so that supporters know you are working.

 

iii) Celebrate success

Even after all rewards done delivered, your story is not over. Share reviews, media reports, pictures, everything about your project. This can be your restaurant's open day, or your product is placed on someone's bookshelf.

9. Share out your project to get support  :

 

Get more tips on how to run the campaign for your crowdfunding at : https://fundraising.my/pages/important-tips-for-project-campaign

 

Invite friends to support your project :

Go to setting and click on “find friends”. Invite your friends in facebook to support your project.