What are some effective reward structures for backers?
An example of an AI chatbot conversation about reward structures for backers in crowdfunding.
What are some effective reward structures for backers?
Effective reward structures often include tiered rewards, exclusive content, and early access to products.
Can you give me examples of tiered rewards?
Sure! For example, a $10 tier could offer a thank-you email, while a $50 tier might include a signed copy of the product.
How do I determine the right price points for these tiers?
Consider your production costs, the perceived value of the rewards, and what similar projects are offering.
What are some common mistakes to avoid in reward structures?
Common mistakes include overpromising rewards, setting prices too low, and not clearly communicating the value of each tier.
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