Five reasons why crowdfunding projects fail

A few things to consider before quitting your day job.

Sponsored Links

Shutterstock
Shutterstock

Engadget was an early proponent of crowdfunding and has helped many exciting gadgets become a reality. The only downside of this is that my inbox now overflows with Kickstarter and Indiegogo pitches looking for similar treatment. In 2015 alone, I received almost 1,400 emails relating to campaigns on those two websites. It may be a chore to get through them all, but it's also given me plenty of time to pinpoint what makes a successful campaign. So, before you quit your day job, save yourself some heartache.

Gallery: Why crowdfunding projects fail | 7 Photos

  • It’s been done already
  • You don't understand your audience
  • Overpromising leads to under delivery
  • You don’t need my money
/7
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Popular on Engadget