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The founders who are solely focused on elevating their startups to the next stage are infinitely more successful. Founders that are distracted by other obligations — whether that is other businesses, jobs, or priorities — do not succeed. It takes a focused founder and team to execute a successful crowdfunding campaign.\n\n4. You try to bundle more than one company into a single raise.\n\nWrong! Investors like a focused business with a clear vision. A company that is trying to promote both a publishing company and a product company will seem conflicted to potential investors. It takes a driven and resolute company and team to succeed in changing the world, and you do not want to muddle your campaign by promoting several different companies under one raise.\n\n5. You assume there is an established market of startup investors.\n\nWrong! This is what I like to call the Shark Tank Factor. Every week, there are millions of people eagerly waiting to watch the show because they are interested in startup and investment opportunities. Some entrepreneurs believe that potential investors — like Shark Tank fans — are simply waiting for an investment opportunity to materialize, but just showing them any opportunity does not guarantee their investment.\n\nIf you are able to avoid these five disastrous mistakes, you are off to a great start.\n\nIn addition to knowing what not do, here are five of the best practices that may help ensure a successful campaign:\n\n1. You identify, profile and then estimate the target size of your community.\n\nFind out who is interested in your product or idea, and reach out to like-minded demographics. As your community will provide most of your funding, it’s a good idea to estimate the community size you will need to get fully funded.\n\n2. You build and engage with your community.\n\nBuilding a relationship with your community as early as possible is key to success. Keeping them engaged right up to launch day is extremely challenging but can also be very fruitful too.\n\n3. You create compelling messaging that transcends the product, and focuses on the purpose.\n\nHaving a communication plan ready to roll is key here. Nobody needs to know how a Microwave “engine” works to be able to use one. Communications must be simple and effective.\n\n4. You plan a systematic and methodical approach.\n\nThere is nothing more stressful than the moment of launch. The anticipation and excitement has mounted as the big day has finally arrived. As you would with any business, a solid plan of the what, the where and the when is vital at this stage.\n\n5. You launch with momentum.\n\nWhen your campaign goes live, you need traction within the very first hours. Remember, nobody likes to be first so make sure your closest investors are ready to go the moment you launch. Be mindful of regulations as some which limit promotion activities. Today, you need to make a splash and as big a splash as possible!\n\n\nAbout the Author.\n\nShane Liddell is one of the top influencers and thought leaders in the crowdfunding and cryptoconomy space. A seasoned entrepreneur and CEO, Shane’s knowledge and expertise of crowdfunding has allowed him to deliver campaigns for entrepreneurs, startups, corporations and filmmakers across the globe. He has provided support and guidance to over 500 crowdfunders with campaign development, consulting, marketing and promotion services - with some of his clients successfully raising millions of dollars in capital.",
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