#125: Lessons From Over 15 Successful Crowdfunding Campaigns

11/16/2014

Last week the team from Bomber Barrel reached out to me about their Kickstarter campaign. Lead Designer Vincent Ng joins us this week to talk about launching a physical product and why crowdfunding should be the way to go for any new idea. Vincent has launched over 15 crowdfunding campaigns with a 100% success rate and has considerable experience in design, manufacturing, and marketing.

Topics Discussed:

  • Background of Vincent and product design
  • Partnering with entrepreneurs that have a product idea
  • Creating the story, product, and brand of Bomber Barrel
  • The difference between Kickstarter backers vs. average consumers
  • Scratching your own itch and validating that in a bigger market
  • Goal psychology, production runs, and knocking it out of the park
  • Why most Kickstarter campaigns fail to raise money or deliver product
  • Kickstarter backers that try to be “armchair designers”
  • Overvaluing your product idea and having a balanced business strategy
  • Pushing momentum and PR coverage during the first week

Mentions In The Episode:

Download Options:

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E-Commerce Podcast

Comments (2)

tomas__86Terry Lin
tomas__86Terry Lin
November 22, 2014November 23, 2014

great episode thx, but I failed to get many concrete tips for what made all of his campaigns so succesful

Josh
Josh
November 25, 2014

Terry- great episode! I would have loved to hear more about the actual product development side of Vincent’s business, specifically tips for getting a design and prototype built. I think this is where most people get stumped. Even after a successful KS campaign, my own question would be how to design, prototype and contract manufacture a product. Any thoughts, tips or resources on this process would be greatly appreciated. Thanks!