What do the Robocop statue in Detroit, Ouya’s open source gaming console, and personalized motivational videos for cats have in common? They wouldn’t exist without Kickstarter. And without Kickstarter, lots of other alternative, non-corporate projects wouldn’t have received their funding, either. Kickstarter is projected to have a higher funding rate in 2012 than the entire budget for the National Endowment for the Arts. And if you’re a student, listen closely. You could have good luck in Kickstarter, and kickstart your career.
You’ll have better luck with Kickstarter than with pitching corporate projects, as the success rate for Kickstarter pitches is about 44%, whereas for corporate products and pitches, it’s closer to 5%. This means that your product or idea is about eight times more likely to be funded by Kickstarter than it is to be successfully sold and launched through a U.S. corporation. And for college students or recent graduates, school affiliated projects raise more Kickstarter funding than the average project. For the best chance of success, don’t overpromise on your project or pledge excessive rewards. Additionally, if your fundraising goals are $5,500 or lower, you have a higher chance of success. The average goal of a failed Kickstarter project is $16,365. For the best success, choose similar blueprints of projects that you admire, and ones that recieved their total funding.
