{"id":21375,"date":"2021-06-25T15:51:05","date_gmt":"2021-06-25T22:51:05","guid":{"rendered":"https:\/\/www.backerkit.com\/blog\/?p=21375"},"modified":"2021-07-15T16:07:00","modified_gmt":"2021-07-15T23:07:00","slug":"how-to-create-a-kickstarter-project-budget","status":"publish","type":"post","link":"https:\/\/www.backerkit.com\/blog\/how-to-create-a-kickstarter-project-budget","title":{"rendered":"How to Create a Kickstarter Project Budget"},"content":{"rendered":"<span class=\"cb-itemprop\" itemprop=\"reviewBody\"><p><span style=\"font-weight: 400;\">As a crowdfunding creator, your goal is to raise money to bring your awesome <\/span><a href=\"https:\/\/www.backerkit.com\/blog\/tabletop-games-crowdfunding-roadmap\/ideation\/centralize-your-ideas-and-get-organized\/?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">idea<\/span><\/a><span style=\"font-weight: 400;\"> into the world. But, in order to do that, you&#8217;ll have to spend some money. So let&#8217;s make sure that you&#8217;re spending that money wisely! <\/span><a href=\"https:\/\/crushcrowdfunding.com\/9-things-to-consider-for-your-crowdfunding-budget\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Developing a Kickstarter project budget<\/span><\/a><span style=\"font-weight: 400;\"> is one of the most important <\/span><a href=\"https:\/\/www.backerkit.com\/blog\/kickstarter-checklist?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">things you&#8217;ll do before you launch<\/span><\/a><span style=\"font-weight: 400;\"> \u2014 doing this planning ensures you can cover all of your costs and that you are actually able to bring your project to life. We spoke with Aaron Hansen, VP of Crowd Ox (which recently <\/span><a href=\"https:\/\/www.backerkit.com\/blog\/backerkit-welcomes-crowd-ox-to-the-team\/?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">joined the BackerKit team<\/span><\/a><span style=\"font-weight: 400;\">) and crowdfunding creator, to get his tips on what creators need to think about while making a budget and setting a funding goal.<\/span><\/p>\n<h2>Step 1: Outline what you&#8217;ll need for every phase of your campaign<\/h2>\n<p><span style=\"font-weight: 400;\">Get started by listing out all of your anticipated expenses in a spreadsheet. You don\u2019t have to assign any dollar amounts to anything at this point \u2014 this is just a list of everything you\u2019re going to need to develop, launch, market, and deliver your project. \u201cThe more comprehensive the list is, the more accurate your final budget will be,\u201d Hansen says.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To make this process easier, try visualizing these costs in terms of what you\u2019ll need before launching, during your campaign, and after your campaign.<\/span><\/p>\n<h3><strong>Before your launch<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">These will be the costs associated with everything that will be featured on your campaign page, as well as any pre-launch advertising and early product development. Your list may include:<\/span><\/p>\n<ul>\n<li><b>Copywriting:<\/b><span style=\"font-weight: 400;\"> Will you need to hire an experienced copywriter to write your campaign page content?<\/span><\/li>\n<li><b>Art:<\/b><span style=\"font-weight: 400;\"> How will you create the mockups or other campaign art that you want to display?<\/span><\/li>\n<li><b>Photography and video: <\/b><span style=\"font-weight: 400;\">Will you be hiring a professional photographer? Do you need any equipment?<\/span><\/li>\n<li><b>Prototypes:<\/b><span style=\"font-weight: 400;\"> Which materials, tools, or services will you be using to <\/span><a href=\"https:\/\/www.backerkit.com\/blog\/tabletop-games-crowdfunding-roadmap\/prototype\/?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">develop your prototype<\/span><\/a><span style=\"font-weight: 400;\">?\u00a0<\/span><\/li>\n<li><b>Pre-launch promotion: <\/b><span style=\"font-weight: 400;\">Will you be using <\/span><a href=\"https:\/\/www.facebook.com\/business\/ads\/lead-ads\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ads<\/span><\/a><span style=\"font-weight: 400;\"> to build your email list and promote your project before launching? Will you be using <\/span><a href=\"https:\/\/www.backerkit.com\/launch?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BackerKit Launch<\/span><\/a><span style=\"font-weight: 400;\"> to message your audience and secure early pledges? Do you need to build a website or landing page?<\/span><\/li>\n<li><b>Public relations: <\/b><span style=\"font-weight: 400;\">Will you need to spend money to get previews or interviews featuring your product?<\/span><\/li>\n<li><b><\/b><b>Events and conventions: <\/b><span style=\"font-weight: 400;\">Will you be attending any industry events for product research or promotional purposes?<\/span><\/li>\n<\/ul>\n<h3><strong>During your campaign<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Think about what you\u2019ll need to promote and run your campaign. Costs may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Marketing: <\/b><span style=\"font-weight: 400;\">How much will you need to set aside for your Kickstarter marketing budget? Will you be using a professional service like <\/span><a href=\"https:\/\/www.backerkit.com\/admins\/sign_up?onboarding_kind=ads&amp;utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BackerKit Marketing<\/span><\/a><span style=\"font-weight: 400;\"> to help you reach potential backers once you\u2019ve launched? Will you be creating social media ads on your own?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Crowdfunding services, team members, and other professionals:<\/b><span style=\"font-weight: 400;\"> Who will help you with day-to-day operations and project management? Will you need to <\/span><a href=\"https:\/\/www.backerkit.com\/blog\/kickstarter-goal?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">hire a team<\/span><\/a><span style=\"font-weight: 400;\"> of experts or a company to take the reins?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Stretch goals:<\/b><span style=\"font-weight: 400;\"> If you hit your funding goal, will you be creating additional <\/span><a href=\"https:\/\/www.backerkit.com\/blog\/guides\/the-practical-guide-to-planning-a-crowdfunding-campaign\/stretch-goals\/?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">stretch goal rewards<\/span><\/a><span style=\"font-weight: 400;\">?\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong>After your campaign<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">These will be all of the costs associated with delivering a product to your backers after you\u2019re funded. Things you\u2019ll need to consider in this phase include:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Platform and transaction fees: <\/b><span style=\"font-weight: 400;\">What will you have to pay to your crowdfunding platform once you\u2019re funded? <\/span><a href=\"https:\/\/www.kickstarter.com\/help\/fees\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Kickstarter<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/support.indiegogo.com\/hc\/en-us\/articles\/204456408-Fees-Pricing-for-Campaigners-How-much-does-Indiegogo-cost-\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Indiegogo<\/span><\/a><span style=\"font-weight: 400;\"> both deduct fees from the money you raise.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.backerkit.com\/blog\/crowdfunding-manufacturing?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><b>Manufacturing<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> If you\u2019re creating a physical product, how will you actually bring it to life once you\u2019re funded? How many units do you anticipate you\u2019ll need?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Packaging:<\/b><span style=\"font-weight: 400;\"> How will you package items? Will you need to hire a company to help develop special packaging?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pledge Manager:<\/b><span style=\"font-weight: 400;\"> How many backers do you think you\u2019ll have? Depending on the size of your project and the number of backers, you may need a <\/span><a href=\"https:\/\/www.backerkit.com\/features\/manage?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">pledge manager<\/span><\/a><span style=\"font-weight: 400;\"> to keep track of orders.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Shipping:<\/b><span style=\"font-weight: 400;\"> How much will your product weigh? Which countries will you be shipping it to? Think about freight charges and customs fees.\u00a0<\/span><\/li>\n<li><b>Taxes: <\/b><span style=\"font-weight: 400;\">Crowdfunded income is <\/span><a href=\"https:\/\/www.backerkit.com\/blog\/crowdfunding-tax?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">taxable<\/span><\/a><span style=\"font-weight: 400;\">. How will you meet your tax obligations?<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-21380\" src=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-outline-1024x299.png\" alt=\"kickstarter project budget\" width=\"1024\" height=\"299\" srcset=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-outline-1024x299.png 1024w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-outline-300x88.png 300w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-outline-768x224.png 768w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-outline-1536x449.png 1536w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-outline.png 1862w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Your spreadsheet may look something like this or it could simply be two columns (\u201cexpenses\u201d and \u201ccosts\u201d) or look like something entirely different and more complex. (You could use the Kickstarter Project Budget <\/span><a href=\"https:\/\/help.kickstarter.com\/hc\/en-us\/articles\/360035551894-Using-Project-Budget-to-calculate-your-project-s-funding-goal\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tool<\/span><\/a><span style=\"font-weight: 400;\"> to outline everything.) Go with whatever format helps you understand your expenses.<\/span><\/p>\n<p style=\"padding: 20px 20px 20px 20px; color: #555555; background-color: ##ffffff; border: #ffd508 4px solid;\"><b><b><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-18362\" src=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand.png\" alt=\"crowdfunding tip\" width=\"52\" height=\"86\" srcset=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand.png 321w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand-182x300.png 182w\" sizes=\"auto, (max-width: 52px) 100vw, 52px\" \/>Quick tip:<\/b><span style=\"font-weight: 400;\"> If this is your first Kickstarter or Indiegogo campaign, and you\u2019re not sure what you\u2019ll need, don\u2019t be afraid to ask other creators. There are Facebook communities dedicated to different crowdfunding categories like publishing and <\/span><a href=\"https:\/\/www.facebook.com\/groups\/tabletopgamescrowdfunding\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tabletop games<\/span><\/a><span style=\"font-weight: 400;\"> where you can ask questions.\u00a0<\/span><\/b><\/p>\n<h3>Simplifying your Kickstarter project budget<\/h3>\n<p><span style=\"font-weight: 400;\">As you\u2019re outlining these costs, note the tasks you can do yourself. If you have a smaller project and end up targeting a more modest goal, you may be able to handle many of the tasks listed above on your own or with a group of friends, using items or equipment you already own. With that being said, be honest with yourself about your bandwidth and ability. If, for instance, you don\u2019t feel confident in your ability to record and edit an engaging campaign video or if you feel your energy would be better spent on another task, find out who can help you deliver the results you\u2019re looking for.\u00a0<\/span><\/p>\n<h2>Step 2: Write down pricing estimates<\/h2>\n<p><span style=\"font-weight: 400;\">After <\/span><a href=\"https:\/\/www.kickstarter.com\/blog\/product-upgrade-create-and-share-a-project-budget\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">outlining everything<\/span><\/a><span style=\"font-weight: 400;\"> you&#8217;ll need for your campaign, determine the costs associated with completing each task, and write those numbers down in your spreadsheet. This will take time and research, but you shouldn\u2019t cut corners or make up numbers. Reach out to friends, industry contacts, and anyone else in your network for service or product recommendations. Ask other creators who they worked with.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you have a list of options, start getting quotes. For things like manufacturing and shipping, you should get quotes from multiple companies. Talk to local providers to find out what they charge. Check out the pricing pages for the services that you\u2019re interested in. You don\u2019t have to make a commitment to work with any of these people or buy anything at this point. You simply want to make sure that the estimates you\u2019re writing down next to all of your anticipated expenses are as accurate as possible. Your Kickstarter project budget will be based on these estimates.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21379\" src=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-estimates.png\" alt=\"kickstarter project budget\" width=\"929\" height=\"139\" srcset=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-estimates.png 929w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-estimates-300x45.png 300w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/kickstarter-project-budget-estimates-768x115.png 768w\" sizes=\"auto, (max-width: 929px) 100vw, 929px\" \/><\/p>\n<p style=\"padding: 20px 20px 20px 20px; color: #555555; background-color: ##ffffff; border: #ffd508 4px solid;\"><b><b><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-18362\" src=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand.png\" alt=\"crowdfunding tip\" width=\"52\" height=\"86\" srcset=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand.png 321w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand-182x300.png 182w\" sizes=\"auto, (max-width: 52px) 100vw, 52px\" \/>Quick tip:<\/b><span style=\"font-weight: 400;\"> Get a manufacturing quote that scales. Tell the manufacturer the minimum number of units that you\u2019ll require and get another quote in case you need more units. Check out our <\/span><a href=\"https:\/\/www.crowdcast.io\/e\/backerkit-panda-game?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">presentation with Panda Game Manufacturing<\/span><\/a><span style=\"font-weight: 400;\"> to learn more about the manufacturing process.<\/span><\/b><\/p>\n<h3>Your Kickstarter project budget helps you prepare for the unexpected<\/h3>\n<p><span style=\"font-weight: 400;\">There may be some <\/span><a href=\"https:\/\/www.crowdcast.io\/e\/backerkit-rain-factory-livestream?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">unexpected costs<\/span><\/a><span style=\"font-weight: 400;\">. Shipping rates, for instance, aren\u2019t fixed and change every year. The manufacturer you\u2019ve decided to use may increase their rates or change the minimum number of units you have to print. It\u2019s important to build a buffer to offset these surprises. Hansen recommends adding a 10-15% buffer on anything that\u2019s not manufacturing or shipping and overestimating manufacturing and shipping costs by 30%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;In my experience, there is always an unexpected cost in manufacturing or shipping,\u201d Hansen says. \u201cFor example, if you get shipping costs in April, but don&#8217;t ship until December, the costs for shipping will have increased because of holiday shipping rates.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because the largest unexpected costs usually occur during manufacturing and fulfillment, Hansen recommends that you spend extra time trying to understand every part of this process. \u201cReach out to other creators with similar projects and see if you can gather any additional information on what costs you&#8217;re overlooking.<\/span><span style=\"font-weight: 400;\"> If you feel overwhelmed, there are some additional things you can do such as hiring a crowdfunding consultant who understands the process,\u201d he says.<\/span><\/p>\n<h2>Step 3: Use the information you&#8217;ve collected to set your funding goal<\/h2>\n<p><span style=\"font-weight: 400;\">Your <\/span><a href=\"https:\/\/www.kickstarter.com\/blog\/product-upgrade-a-calculator-for-funding-goals\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">funding goal<\/span><\/a><span style=\"font-weight: 400;\"> should be based on what it will actually cost (with that buffer for unexpected expenses) to make your project a reality. This is why it\u2019s so important to list out everything you\u2019ll need throughout your campaign and get those accurate pricing estimates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You don\u2019t want to target a really ambitious goal that far exceeds your actual costs because it\u2019s going to be harder to get funded. At the same time, you don\u2019t want a goal that\u2019s too low. &#8220;Setting a low goal that doesn&#8217;t actually meet your funding needs is a recipe for disaster,\u201d Hansen says. \u201cSetting a goal lower than your known costs could lead to the project being unfunded or additional out-of-pocket costs.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s for all of these reasons that you need to have a good understanding of what it\u2019ll take to pay for your project.\u00a0<\/span><\/p>\n<p style=\"padding: 20px 20px 20px 20px; color: #555555; background-color: ##ffffff; border: #ffd508 4px solid;\"><b><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-18362\" src=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand.png\" alt=\"crowdfunding tip\" width=\"52\" height=\"86\" srcset=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand.png 321w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2020\/06\/kickstarter-email-single-hand-182x300.png 182w\" sizes=\"auto, (max-width: 52px) 100vw, 52px\" \/><b>Quick tip:<\/b><span style=\"font-weight: 400;\"> Once you have all of your estimates, you can use the <\/span><a href=\"https:\/\/www.kickstarter.com\/blog\/product-upgrade-a-calculator-for-funding-goals\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Kickstarter Funding Calculator<\/span><\/a><span style=\"font-weight: 400;\"> to compute platform and payment processing fees and taxes, and then find out a suggested funding goal.<\/span><\/b><\/p>\n<h3>Reasons to increase your funding goal<\/h3>\n<p><span style=\"font-weight: 400;\">People turn to crowdfunding for many different reasons. While some are hoping to crowdfund a passion, others have their sights set on building a business. Those who fall into this second group may need to increase their funding goals. \u201cYou&#8217;ll need to decide what the purpose is for your crowdfunding project and what you want to get out of it,\u201d Hansen says. \u201cIf you&#8217;re planning to launch a business, you may need a higher funding goal to manufacture additional products to sell later. Your funding goal should include your estimated costs and any additional funding you need to meet your goals.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s important to note that these additional expenses, like every other expense, should be researched and based on real-world estimates.\u00a0<\/span><\/p>\n<h3>A note on million-dollar campaigns<\/h3>\n<p><span style=\"font-weight: 400;\">Kickstarter may have a reputation for churning out multi-million dollar campaigns. These are the campaigns that go viral and everyone hears about. But the truth is that very few creators actually raise that much money. Research conducted by <\/span><a href=\"https:\/\/thehustle.co\/crowdfunding-success-rate\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">the Hustle<\/span><\/a><span style=\"font-weight: 400;\"> shows that 67% of successful projects raise less than $10,000. Of the unsuccessful projects, which are usually targeting larger goals, 2 out of 10 don\u2019t receive any pledges, and 6 out of 10 aren\u2019t even able to reach 20% of their goal. It\u2019s important to keep this data in mind while setting your expectations for your campaign.<\/span><\/p>\n<h2>Step 4: You&#8217;ve made your Kickstarter project budget \u2014 now stick to it<\/h2>\n<p><span style=\"font-weight: 400;\">You\u2019ve written down every task you need to complete and all of your expenses in your spreadsheet. This will be your Kickstarter project budget and it\u2019s important to follow it as closely as you can.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Limit on the fly changes because if you don&#8217;t, costs may increase and your campaign will become more complex. &#8220;<\/span><span style=\"font-weight: 400;\">While everyone wants additional stretch goals and free upgrades, they can really ruin a crowdfunding budget quickly,\u201d <\/span><span style=\"font-weight: 400;\">Hansen says.<\/span><span style=\"font-weight: 400;\"> \u201c<\/span><span style=\"font-weight: 400;\">You&#8217;ll get suggestions on how to change your product. While these can be useful, the changes could also have serious repercussions for your budget. Decide what you want, plan for that, and stick with it.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can&#8217;t anticipate every twist and turn of your campaign. But if you have a Kickstarter project budget in place, it&#8217;ll be easier to deal with any monetary surprises and stay organized. Make sure you&#8217;re as thorough as possible and you&#8217;ll be on track to launching a successful campaign.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn more about what you need to do to get ready for your launch, check out our Crowdfunding Checklist.\u00a0<\/span><a href=\"https:\/\/form.jotform.com\/202997896031164?utm_source=community&amp;utm_medium=budget_blog_062521\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-21378 size-full\" src=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/Kickstarter-project-budget-checklist.png\" alt=\"kickstarter project budget\" width=\"400\" height=\"200\" srcset=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/Kickstarter-project-budget-checklist.png 400w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2021\/06\/Kickstarter-project-budget-checklist-300x150.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/p>\n<\/span>","protected":false},"excerpt":{"rendered":"<p>As a crowdfunding creator, your goal is to raise money to bring your awesome idea into the world. But, in order to do that, you&#8217;ll have to spend some money. So let&#8217;s make sure that you&#8217;re spending that money wisely! Developing a Kickstarter project budget is one of the most important things you&#8217;ll do before [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":21382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,61],"tags":[],"class_list":["post-21375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crowdfunding-tips","category-pre-campaign-tips"],"acf":[],"yoast_head":"\n<title>How to Create a Kickstarter Project Budget | BackerKit<\/title>\n<meta name=\"description\" content=\"Creating a Kickstarter project budget is one of the most important things to do before launching. Follow this guide to get started.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.backerkit.com\/blog\/how-to-create-a-kickstarter-project-budget\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How to Create a Kickstarter Project Budget | BackerKit\" \/>\n<meta name=\"twitter:description\" content=\"Creating a Kickstarter project budget is one of the most important things to do before launching. 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