Hi everyone! My first blog post, how exciting. I’ll start by giving a brief summary of my work so far on crowdfunding and then give you an idea on what the rest of my posts will contain.
I’m currently a final year student at The University of Bath studying for a Masters of Engineering in Mechanical Engineering with Manufacturing and Management (a lot of words, mostly starting with M). My final year project is titled “Understanding Crowdfunding” and this is the reason I’ve started this blog.
I started this project towards the end of 2015 and have been working on it full time since the beginning of February. Throughout this time I’ve built up a great bank of documents, books, statistics and data to help me ultimately answer the question: What is the best way to crowdfund?
I can help answer questions such as: What crowdfunding platform is best for my business? Is the timing right for my launch? What features do the public want in my campaign video? How does Kickstarter pick campaigns to promote?
One key finding of my research shows that successful crowdfunding is not distributed evenly across nations. Successful campaigns in a particular location is proportional to the number of campaigns the location generates. This means encouraging successful, educated and refined campaigns in the UK should improve UK success in crowdfunding for the future.
My posts will be predominantly project profiles and nuggets of crowdfunding wisdom (I hope) but will also be updates on the other aspects of my project. I’d love to hear from anyone reading my posts – whether that be to challenge my ideas, ask specific questions or just check in.
Thanks for reading and hope to hear from you soon!