Failed credit card payments are a nightmare!
They can make it so you don’t actually raise as much as you thought you would on Kickstarter.
Today, I share a few ways that creators go about collecting these payments along with an effective tool to make the process easier.
You can learn more down below!
What did you think?
Was this a helpful and useful tool?
If you want more tips and tools like this, take a sec to subscribe to me on YouTube.
I’ll share new resources with you each week!
Let’s talk a bit about failed credit cards…
Failed credit cards will KILL your Kickstarter
Imagine this…
Your Kickstarter ends. You think you’ve raised $100k. You start celebrating.
Then, you realize that a bunch of your backers’ credit cards didn’t work.
There are thousands of dollars in pledges that weren’t processed.
Now, you gotta cover that gap with your own funds. Uh oh!
Failed credit cards are a logistical nightmare. They hurt your bottom line. They make the reward fulfillment process more complicated.
That’s why I shared this tool today (which will nearly eliminate the problem).
How will you do surveys?
Once you’ve had a successful Kickstarter campaign, you gotta do surveys.
Surveys will help you collect the missing information that’s needed to properly fulfill your orders.
The only problem is that Kicsktarter surveys aren’t that great.
If you don’t want to deal with lots of spreadsheets and general headache, then I recommend looking into this tool.
This tool will allow you to EASILY do surveys so that the reward fulfillment phase of your project is seamless.
You don’t have to use it, but make sure you break out the excel spreadsheet. You gotta be diligent and organized.
What’s your “reward fulfillment plan?”
We focus a lot on the fundraise.
On my YouTube channel and in my book, the Kickstarter Launch Formula, I share exactly how to make a project blow up on Kickstarter.
The only problem is… if you raise a lot of money, then you have a lot of customers. They are expecting something from YOU.
They want the rewards and perks they’ve been promised throughout the fundraising campaign.
So – what’s your plan?
How will you calculate shipping and do fulfillment?
You could do it all yourself (with possible errors) or you could use partners and help to accomplish the job.
Every business rests on the shoulders of a talented and dedicated team. Without that, you won’t realize your dreams.
What else are you missing out on?
Now you know about a simple tool to collect failed credit cards.
What else don’t you know about?
I’ve spent my career trying to share with you the best tools and resources in this industry. I do this in a few ways.
I share many of my findings in my book, along with the Udemy version of the Kickstarter Launch Formula. This is a video training course that comes with checklists and downloads.
It’s a step-by-step training course for beginners that gives you access to more tools that you can use to successfully raise money with crowdfunding.
If you check it out, I hope you enjoy it. Also, please take a sec to leave a review so that others know its worth their time.
You can use the links down below to join my newsletter where I share crowdfunding tips and resources with you. I do this on a weekly basis.
In other words, there’s no reason not to dive in and educate yourself about the best ways to succeed with this new fundraising medium.
I sincerely hope you got a lot out of today’s video and stay tuned for my next one!
