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- 5 physical products that aced their crowdfunding campaigns (case study)
5 physical products that aced their crowdfunding campaigns (case study)
Welcome to The Innovators Insight.
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One moment of genius.
That's all it takes for a groundbreaking product idea to flash into your mind. But turning that spark into a blazing success? That's another game entirely.
Investors and backers will give your crowdfunding campaign a quick scan.
If it excites them, they'll reach for their wallets.
If it falls flat, they'll scroll away, forever.
So, in this issue, we're diving deep into the anatomy of 5 epic crowdfunding triumphs. We'll dissect what made them irresistible to backers, raking in millions and changing the game.
Learn how to transform your 'aha' moment into a fully-funded, market-ready sensation.
Let's jump in:
Exploding Kittens
In 2015, Exploding Kittens exploded past its $10k goal to raise over $8.7 million on Kickstarter.
Backers loved the twisted strategic card game from creators Elan Lee and Shane Small along with The Oatmeal’s Matthew Inman.
Keys to their success:
Humorous, engaging concept
Strong following from The Oatmeal webcomic
Limited editions to incentivize backing
By combining humor and exclusivity, Exploding Kittens orchestrated a crowdfunding coup.
Fidget Cube
Fidget Cube tapped into the rising trend of fidget toys for anxiety relief, raising over $6.4 million in 2016.
The appealing palm-sized cube with buttons, dials, and switches provided sensory stimulation.
Their keys to unlocking funding:
Soothing solution to a common problem - fidgeting
Simple, intuitive demonstration videos
Rewards for top referrers
Fidget Cube stimulated bank accounts by smartly riding the fidget frenzy wave.
Pebble Time
Before Apple Watch, there was Pebble - raising over $20 million on Kickstarter in 2015 for its sleek smartwatch.
Backers loved the e-paper display, app ecosystem, and customization options Pebble offered.
Their roadmap to riches included:
Tapping into increasing desire for wearable tech
Emphasizing fashionable design
Offering limited colors and early bird discounts
Pebble's stylish, functional device paved the way for mainstream smartwatches.
Coolest Cooler
In 2014, Coolest Cooler chilled out the competition by raising over $13 million on Kickstarter.
This decked out cooler blended usefulness with fun featuring a blender, Bluetooth speaker and more.
Their recipe for funding fortune:
Solved multiple problems in one multipurpose product
Strong visual brand identity
Strategic stretch goal rewards
By promising good times for outdoor enthusiasts, Coolest Cooler cashed in big.
Oculus Rift
Oculus Rift raised over $2.4 million on Kickstarter in 2012 to make virtual reality a reality for gamers and beyond.
Their immersive, responsive headset finally delivered believable VR experiences.
Keys to their virtual victory:
Next-level technology demonstration videos
Visionary promise of VR beyond gaming
Rewards for early backers and developers
Oculus Rift ushered in today's booming VR landscape and metaverse dreams.
Final Thoughts
Now it's your turn.
Use these examples to launch your next crowdfunding smash hit!
Spot your audience's needs, tell a compelling story, and get ready to fund the future.
Because with the right blueprint, your brilliant idea can become the next crowdfunding star.
Whenever you're ready, there are 3 ways I can help you:
Raise crowdfunding: We can help you turn your product prototype into an investible asset. If you’ve got a working prototype, and need funding to scale, send me a direct message on Linkedin (click here) saying “funding” for more details on how we can help.
Validate your physical product concept: Got a concept (napkin sketch or full concept design) for a killer product? We want to see it. Click here to submit it for review.
Free Guide - Crowdfunding 101: How to prepare your physical product for a crowdfunding campaign. Click here to learn more.
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