Are you planning a crowdfunding campaign for your business? If so, then you should strongly consider utilizing a crowdfunding pledge manager. This is a tool to help streamline and organize your campaign. From tracking backer information to facilitating communication between backers and creators, there are many advantages to using this software. Let’s look at nine of them.
- Automate Your Campaign Tasks
A pledge manager automates tedious tasks that can often bog down campaigns, such as collecting backer data or managing shipping information. By taking care of these mundane tasks automatically, you can focus on other aspects of your project and save time in the process.
- Track All Your Backers in One Place
With a manager for pledges, you can easily keep tabs on all your backers in one place with real-time updates and notifications as they come in. Not only does this save time by keeping everything organized, but it also allows you to better engage with your backers by providing customized messages regarding their pledges or offering discounts when appropriate.
- Easily Offer Add-Ons and Upsells
With a crowdfunding manager, it is easy to offer add-ons and upsells during your campaign without having to manually adjust each order or payment method separately. This helps increase revenue while making the entire process simpler for both the creator and the backer.
- Offer Dynamic Pricing and Discounts
Dynamically pricing products or offering discounts is an effective way to increase sales during a crowdfunding campaign, but this can quickly become complicated if done manually or through other tools such as spreadsheets or emails.
A crowdfunding manager makes dynamic pricing much easier by allowing backers to update their orders within their accounts before checkout without additional effort from either party involved in the transaction.
- Collect and Manage Shipping Information
Collecting accurate shipping information from backers is critical for successful fulfilment after a successful crowdfunding campaign concludes, but it can be difficult if done manually via spreadsheet or email requests alone! With an automated system, all this information is collected automatically and stored in one place, making things much easier when it comes time to ship out rewards.
- Automate Fulfilment Processes
A manager allows you to automate fulfilment processes such as generating packing slips and order confirmations as well as send automated updates about delivery statuses directly from within the platform itself, saving time (and headaches!) while ensuring accuracy in all communications with backers throughout the entire process.
- Support Survey Creation
Most pledge managers include survey creation capabilities that allow creators to collect additional information from backers during their campaigns, such as questions about product preferences or demographic data, which helps them better understand who their customers are and how best to serve them moving forward into post-campaign efforts like product launches or marketing campaigns.
- Streamlined Payment Processing
Pledge managers make it easier for backers to pay for your products or services via convenient payment options like credit cards and other forms of payment. Not only does this simplify the payment process for backers, but it also makes collecting payments more efficient by automating billing processes and eliminating manual data entry.
Plus, because all payments go directly into your account, there’s no need to worry about tracking down late payments or having to wait until after the campaign ends before receiving your funds.
- Tax Compliance Assistance
Running a successful crowdfunding campaign requires compliance with tax laws in both Canada and the United States (if applicable). A good manager will assist you with ensuring that all taxes owed on pledges are paid on time to avoid costly penalties or legal issues down the road.
