{"id":4672,"date":"2017-04-25T15:53:50","date_gmt":"2017-04-25T22:53:50","guid":{"rendered":"https:\/\/www.backerkit.com\/blog\/?p=4672"},"modified":"2017-10-11T18:06:56","modified_gmt":"2017-10-12T01:06:56","slug":"an-afternoon-with-alex-daly-the-crowdsourceress","status":"publish","type":"post","link":"https:\/\/www.backerkit.com\/blog\/an-afternoon-with-alex-daly-the-crowdsourceress\/","title":{"rendered":"An Afternoon with Alex Daly, the Crowdsourceress"},"content":{"rendered":"<span class=\"cb-itemprop\" itemprop=\"reviewBody\"><p>Today BackerKit had the pleasure of attending an enlivening talk delivered by Alexandra Daly, a mover-and-shaker in the crowdfunding space, at WeWork in San Francisco&#8217;s Civic Center.<\/p>\n<p>New York-based Daly is the founder of <a href=\"https:\/\/vannalexandra.com\/\">Vann Alexandra<\/a>, a creative services and PR agency that specializes in launching and promoting crowdfunding campaigns for creatives.\u00a0She&#8217;s also the author of <em><a href=\"http:\/\/www.publicaffairsbooks.com\/book\/the-crowdsourceress\/9781610397605\">The Crowdsourceress: Get Smart, Get Funded, and Kickstart Your Next Big Idea<\/a>,\u00a0<\/em>recently released through Public Affairs and available for <a href=\"https:\/\/www.amazon.com\/Crowdsourceress-Smart-Funded-Kickstart-Your\/dp\/1610397606\">purchase on Amazon<\/a>.<\/p>\n<p>Daly has\u00a0presided over some of Kickstarter&#8217;s biggest projects: Neil Young&#8217;s <a href=\"https:\/\/www.kickstarter.com\/projects\/1003614822\/ponomusic-where-your-soul-rediscovers-music\">PonoMusic audio player<\/a>, <a href=\"https:\/\/www.kickstarter.com\/projects\/1507621537\/tlc-is-back-to-make-our-final-album-with-you\">TLC&#8217;s final album<\/a>, and documentaries chronicling the lives of <a href=\"https:\/\/www.kickstarter.com\/projects\/692700038\/the-maya-angelou-documentary\">Maya Angelou<\/a> and <a href=\"https:\/\/www.kickstarter.com\/projects\/867987830\/the-joan-didion-documentary\">Joan Didion<\/a>, to name a few. Two of her campaigns\u00a0are currently live: <a href=\"https:\/\/www.kickstarter.com\/projects\/thestandardsmanual\/reissue-of-the-1977-epa-graphic-standards-system\">a reissue of the Graphics Standards Manual<\/a> and a social enterprise that <a href=\"https:\/\/www.kickstarter.com\/projects\/ankacoop\/empowering-syrian-refugees-with-handcrafted-heirlo\">empowers and employs Syrian refugees through the creation of traditional crafts<\/a>.<\/p>\n<p>Daly has\u00a0launched and promoted 50 campaigns and raised over $20 million and counting. To say she&#8217;s an expert is an understatement. She gave the audience a teaser of her just-launched book, spoke about the trajectory that led her to crowdfunding, and shared her insights on the secrets to a successful crowdfunding campaign.<\/p>\n<div id=\"attachment_4682\" style=\"width: 778px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4682\" class=\"wp-image-4682 size-large\" src=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2017\/04\/alex-daly-768x1024.jpg\" alt=\"\" width=\"768\" height=\"1024\" srcset=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2017\/04\/alex-daly.jpg 768w, https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2017\/04\/alex-daly-225x300.jpg 225w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><p id=\"caption-attachment-4682\" class=\"wp-caption-text\">Alex Daly<\/p><\/div>\n<p>Here are some of the key takeaways from her talk.<\/p>\n<h2>The Most Crucial Marketing Strategies<\/h2>\n<p>For Daly, press mentions are integral to driving publicity and interest in a crowdfunding campaign. She advises against a scattershot approach and suggests targeting publications that suit your product&#8217;s niche.<\/p>\n<p>&#8220;The press packs a powerful punch,&#8221; she says. &#8220;I<span style=\"font-weight: 400;\">f you have a design product, you think of <em>Wired<\/em>, <em>Fast Company<\/em>, Design Milk, design blogs, that kind of thing. If you\u2019re doing a tech product, you think of Techcrunch, <em>Wired<\/em>, Venture Beat. You have to pitch the press with the audience of people that will be interested in your product.&#8221;<\/span><\/p>\n<p>Developing a social media presence is also essential, but there are limitations to each platform. &#8216;W<span style=\"font-weight: 400;\">hen you\u2019re dealing with Twitter, it\u2019s much more contained in 140 characters, and then the tweet disappears very quickly,&#8221; she says. On the other hand, she strongly recommends Facebook advertisements\u00a0<\/span>to give stagnant campaigns a nudge.<\/p>\n<blockquote><p>&#8220;T<span style=\"font-weight: 400;\">here\u2019s the valley-of-death plateau in those middle two weeks where nobody is buying the product. Facebook advertising gives it a big bump.&#8221;<\/span><\/p><\/blockquote>\n<p>Then, of course, there&#8217;s the project page itself, which requires &#8220;a lot of marketing thought&#8221;. Daly reiterates the importance of \u00a0&#8220;<span style=\"font-weight: 400;\">a stellar video, a beautiful campaign, and rewards that people want to get&#8221;.<\/span><\/p>\n<p>Daly offers some general rules to engage your backers: keep the copy short and succinct, and make sure the video runs for a few minutes. Unless, of course, you&#8217;re Neil Young: then you can have an 11-minute promotional campaign video featuring the likes of Patti Smith, Arcade Fire, and Anthony Kiedis.<\/p>\n<h2>How Crowdfunding has Changed<\/h2>\n<p>Crowdfunding has been around for less than 10 years, but it has undergone a rapid evolution in that time.\u00a0<span style=\"font-weight: 400;\">In the early days, Kickstarter was a platform for indie artists and creatives. But today, as the crowdfunding economy has grown and become more mainstream,\u00a0the ambitions of creators have shifted. <\/span><\/p>\n<p>&#8220;Fortune 500 companies are using the platform; celebrities are using the platform,&#8221; she says. &#8220;Entrepreneurs and companies that are very well-funded by venture capital use i<span style=\"font-weight: 400;\">t as a marketing platform and to launch their product in a cool and unconventional way and lock in pre-orders.&#8221; It&#8217;s a way for many start-ups to find early adopters.<\/span><\/p>\n<h2>Every Campaign Needs a Story \u2013 and a Crowd<\/h2>\n<p>Some of Daly&#8217;s\u00a0campaigns have harnessed star power to gain press attention. But how do projects without a celebrity figurehead nab the attention of time-poor journalists?<\/p>\n<p><span style=\"font-weight: 400;\">&#8220;The press is very fatigued and tired when it comes to writing about Kickstarter campaigns because sometimes, they fail,&#8221; she says. So rather than focus on the campaign or the product, she suggests shifting the emphasis on the story behind it. \u00a0&#8220;<\/span><span style=\"font-weight: 400;\">What we do is sell the story behind the product. When you give journalists a good story on a silver platter, then they write about it,&#8221; she says. <\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;It doesn\u2019t have to be a celebrity for it to be special. It\u2019s the story of why this product is so relevant right now and why it\u2019s so awesome.&#8221;<\/span><\/p><\/blockquote>\n<p>That said, a campaign is nothing without a crowd. To Daly, this is the &#8220;most important thing&#8221;. And while it&#8217;s true that celebrities or popular institutions have an easy-to-access fanbase, she says even the most niche products can build a following, or an &#8220;in-built audience&#8221; \u2013 the trick is to find them.<\/p>\n<p><span style=\"font-weight: 400;\">&#8220;A built-in audience is a group of people that are inherently in love with the subject matter of your product \u2013 it can be your mailing list, your social media followers, your fanbase,&#8221; she says.\u00a0<\/span><span style=\"font-weight: 400;\">What&#8217;s more, finding this audience takes time and effort \u2013 you&#8217;re unlikely to find your niche overnight. But, as Daly says, it&#8217;s worth it.<\/span><\/p>\n<p>&#8220;<span style=\"font-weight: 400;\">When clients come to me and say, \u2018We have a great idea\u2019, I say: \u2018Have you built a mailing list? Have you built a social media following? Have you gotten people excited about this? <\/span>If not, go do that for six months and then we can talk. If you launch something without an audience ready to go, it\u2019s going to fall flat&#8217;.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<\/span>","protected":false},"excerpt":{"rendered":"<p>Every campaign needs a story \u2013 and a crowd. <\/p>\n","protected":false},"author":4,"featured_media":4686,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies"],"acf":[],"yoast_head":"\n<title>An Afternoon with Alex Daly, the Crowdsourceress | BackerKit<\/title>\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\/an-afternoon-with-alex-daly-the-crowdsourceress\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"An Afternoon with Alex Daly, the Crowdsourceress | BackerKit\" \/>\n<meta name=\"twitter:description\" content=\"Every campaign needs a story \u2013 and a crowd.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.backerkit.com\/blog\/wp-content\/uploads\/2017\/04\/alex-day-book.png\" \/>\n<meta name=\"twitter:creator\" content=\"@backerkit\" \/>\n<meta name=\"twitter:site\" content=\"@backerkit\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gillian Terzis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" 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