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Does Crowdfunding make sense for my project by Mind Map: Does Crowdfunding
 make sense for
 my project
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Does Crowdfunding make sense for my project

Crowdfunding For example, we"ll pick the branch for IT-Products, Games etc. You know best, how your category works, how much money is "too much" etc. Of course there are single projects where you need nothing but the idea. Even if it sounds hard: You need money to realize your product - otherwise you wouldn"t read this article.

What do you have?

What you will need for a successful Crowdfunding-Campaign:   A good idea A prototype A large fanbase or money  

A new idea

This is the worst-case scenario for everyone who wants to start a crowdfunding-campaign. From here on it will be very hard and your campaign will be limited because you can"t just try to get $1Million without anything.

Do you have a prototype ready?, Yes, Would you need more than 6 months to make your final product?, No, Do you need more than $25.000?, No, What kind of fans do you have?, Yes, I have some of those, No, I dont have any of those, Yes, Sorry, crowdfunding is not the right way for you, Yes, Make your product almost ready before crowdfunding, No, You'll definitly need a prototype in order to continue

Only the prototype

You only need money to have a final product and publicity.  

What kind of fans do you have?, Yes, I have one of those, No, I dont have any of those

Product is ready - but not enough publicity

You already have the product and only need publicity so people get to know you.

I have a few fans., What kind of fans do you have?, Yes, I have some of those, No, I dont have any of those, Can you accomplish one of those requirements within two weeks?, Yes, No

Nobody knows about my product, You need to have a community around the product before you can try crowdfunding!

Is your community active?

http://www.crowdcrux.com/kickstarter-and-indiegogo-are-not-about-money-they-are-about-community/

No

Create interaction and let them discuss!

Yes

Is your inner circle ready to pledge 30% of your goal?, No, Make them., Yes, Do you know people from the press?, No, Do your friends know?, No, Go to make friends from the press before crowdfunding!, Yes, Great! You can ask for introduction and make them love your project!, Yes, Awesome! You can start a crowdfunding campaign!