Sweet Kickstarter Campaign with Big Challenges

For tech-savvy, entrepreneurial types, Kickstarter campaigns are a well-knowncommodity. You pledgefinancial support and are offeredincentives; if the goal amount is reached, your card is charged. If the goal isn't reached, you keep your money. But while gearing up to launch her Kickstarter campaign, Yael Krigman--cake pop evangelist and founder of Baked by Yael--quickly discovered that most of her target audience isunfamiliar with Kickstarter. Yael is trying to raise money to open DC's first "cakepoppery," a bakeshop and event space that would offer an assortment of baked goods including bagels, rugelach and of course, cakepops.

"A lot of them thought I was asking for donations," she tells us, "and they didn't understand why a for-profit business would do that. Others thought I was soliciting investors, and asked to see my business planbefore pledging anything."So she's been careful to frame the Kickstarter pledges as "pre-sales," offering incentives like gift baskets and cake pop parties in return for pledges. She surveyed her customer base to determine what incentives would most appeal to prospective pledgers. "I'm trying to make it as easy as possible for people to support my business venture." Yael's Kickstarter campaign ends Sunday. You can check it out at www.bestcakepopever.com.

Continue reading this story with a free account

Log in or register
Related Topics: Deal Sheet
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal Sheet

Georgetown Waterfront Office-To-Condo Conversion Lands Financing

Westfield Montgomery Pays Off $350M Loan As New Retailers Expand In Mall

Tishman Misses Payment Deadline On $450M International Square Loan

Real Estate Firm Debuts With $126M Purchase Of Historic D.C. Building

Surging Costs Force Alexandria Developers To Shift Plans

Buyer Of BXP's Sumner Square Revealed: The D.C. Deal Sheet