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How do I set rewards for my backers?

An example of an AI chatbot conversation about setting rewards for backers in crowdfunding.

😀
You

How do I set rewards for my backers?

MagicBuddy
MagicBuddy

Setting rewards for backers involves understanding your audience and offering incentives that resonate with them. What type of project are you working on?

😀
You

I'm launching a new board game. What kind of rewards should I consider?

MagicBuddy
MagicBuddy

For a board game, consider offering exclusive game pieces, early access to the game, or even a chance to be a character in the game. What budget do you have in mind for these rewards?

😀
You

I can allocate around $5,000 for rewards. How should I distribute that?

MagicBuddy
MagicBuddy

You could create tiered rewards, starting with smaller items for lower backers and more exclusive items for higher tiers. For example, $10 could get a thank-you note, while $500 could offer a custom game piece.

😀
You

That sounds great! How do I ensure backers feel valued?

MagicBuddy
MagicBuddy

Regular updates, personalized thank-you messages, and involving them in the development process can make backers feel appreciated.

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