How do I set a crowdfunding goal?

How do I set a crowdfunding goal?

Setting a crowdfunding goal involves determining how much money you need to raise and what it will be used for. Can you tell me more about your project?

I want to launch a new product, but I'm not sure how much to ask for.

A good starting point is to calculate your costs, including production, marketing, and shipping. Have you estimated these expenses?

I have some estimates, but I'm worried about setting the goal too high or too low.

It's important to strike a balance. Setting it too high may deter backers, while too low might not cover your costs. Consider adding a buffer for unexpected expenses.

That makes sense! Should I also consider my audience's willingness to pay?

Absolutely! Understanding your audience's budget and what they value can help you set a realistic and appealing goal.