2. Let's get social.
● What social media sites are you already
using?
● Social media for startups = mostly social
media you're already using
● Key sites: Twitter, LinkedIn, Facebook
4. ...there was the garage.
Who started in a garage? Among others:
● Steve Jobs
● Bill Gates
● Jeff Bezos of Amazon.com
● Google
● HP
5. Do you still need the garage?
Yes! Inventors and entrepreneurs still need
space to create. But what comes after that?
● Finding investors
● Hiring employees
● Marketing their products
They all managed to do it. You'll have to do it,
too.
6. But what's your advantage?
You may not be a genius...
...but you have the advantage of social media.
8. Do the math.
On any given day, 66% of adult internet users
visit a social media site.
● 12% of online adults say they use Pinterest
● 12% use Instagram
● 5% use Tumblr
● 66% use Facebook
● 20% use LinkedIn
● 16% use Twitter
9. Social media gives you REACH.
Here's an example from LinkedIn:
133 people =
3.5 million potential contacts =
3.5 million+ potential customers
10. Also, it provides ACCOUNTABILITY.
What do you do before you visit a new
restaurant or buy from a new website?
16. You have an idea. You need cash.
Social media can help you find funding,
whether you're looking for cash to build a
prototype or full funding to launch your startup
as a company.
17. Is crowdfunding right for you?
● Is this project interesting to anyone else?
● Do you have a large enough network to fund
the project?
● Are you willing or able to execute a social
media campaign?
● Is your fundraising goal realistic?
19. How crowdfunding works.
1. Create a page explaining your project. Video
is a good way to go here.
2. Set a fundraising goal and a time limit.
3. ??????
4. Profit!
20. How crowdfunding actually works.
1. Create a page explaining your project.
Include video and photos. (The more high-tech
the project, the more people expect.)
2. Set a fundraising goal and a time limit.
3. Campaign among your friends and network
to meet your funding goal.
4. Profit!
23. How do creators get funding?
● Use Twitter and Facebook to contact friends
and family
● Use social media to talk to reporters and
bloggers
● Become featured projects on either site
● Create blogs and videos to promote their
work
24. What do donors get?
They don't get stake in the company. Instead,
they get rewards set by the project creator.
These can include:
● The project itself (DVD, book, etc.)
● Promotional items
● Public thanks
● Other services/goods from project creators
● A handwritten thank you note (true story!)
25. What's the difference?
● Indiegogo has no approval process;
Kickstarter does.
● Indiegogo allows you to receive funding
even if you don’t meet your goal; Kickstarter
only funds projects that meet their full goals.
● Kickstarter uses Amazon's payment system;
Indiegogo uses Paypal.
26. A few cautions
● Both sites will take a small percentage of the
funds you raise.
● Are you willing to kick in the rest of the funds
if you don't meet your goal?
● Are you prepared to complete your project
and fulfill the perks you offered to donors?
34. Next? Customer service.
Build social media into your customer
service model.
55% of customers expect a same-day response
to a social media complaint.
Only 29% receive one.