Internet has become an international mall with infinite possibilities. In this global system crowdfunding was just a natural step forward in developing good ideas and gave a new dimension to E-commerce and online businesses. Now everything is immediately found by powerful search engines and everybody can get the desired products and services as fast as saying click. In this context, long delivery deadlines with high costs can kill even the best ideas and companies providing online services have to deal now with a new challenge. According to ChinaDivision.com, a company specialized in order fulfillment, things like products management, warehouse management, delivery and returns are as important as any other part of a project, but sometimes they require a lot more time than most persons and companies expect.
Managing a Kickstarter or an Indiegogo project is now more demanding than ever not only because of a great number of persons involved in this movement, but also as a result of the supply and demand dynamics. Between plans, prototypes, providers, cost efficiency, and sometimes employees, there is no time left for fulfillment and, as much as some want to deny it, long term business growth depends a lot on this commercial aspect. As the future is definitely for global markets where everything has to be delivered fast with small costs what can an entrepreneur do? There are a several tips and tricks which can transform any project, either on Indiegogo or Kickstarter, into a success as fast as the internet and the new technology require it.
1. Having the best idea is not enough
A good business idea is the first step, but the entrepreneur has to come with a complete plan which includes not only finance and production, but also fulfillment and delivery. ChinaDivision.com has a special Kickstarter and Indiegogo fulfillment service which can save a lot of time and money to any person or company which runs a project based on crowdfunding. All problems connected to managing the warehouse and the entire process of picking, packing and shipping products correctly and efficiently means a lot of work, so having professional advice and the complete infrastructure for delivering products makes things a lot easier. Why not spending all this energy on focusing on the development of the product instead? This way the best idea can be delivered in the best way with low costs and no incidents.
2. The crowdfunding campaign must be an absolute priority
The only way in which an entrepreneur can afford such a thing is when all other mechanisms work perfectly. This requires a lot of experience, complex systems for managing your inventory and orders in real time, and an efficient team of employees. The costs of such a developed infrastructure are high and need to be efficiently controlled. An alternative to that is having the right partner to handle the supply chain and the distribution network for an efficient Kickstarter shipping. All persons who expect to raise money with Kickstarter or Indiegogo need to be prepared to make their backers happy, which generally means to be able to ship the product to them quickly. The easiest and most economical method to obtain that is by working with a company specialized in Kickstarter fulfillment services.
3. Keep costs low
There is a big difference between the money a person hopes to get from crowdfunding and the money the person will actually raise. Not all projects can make millions from the beginning, so keeping costs under control is a must. ChinaDivision.com estimates that using a specialized company in Kickstarter fulfillment services helps saving important money, which can be used for financing new projects or can be shared with customers. The reduction of costs is obtained from volume discounts, less salaries to pay, and the lack of warehouse expenses. Moreover, such a partner generally means fix costs, which never happens when managing shipping and returns alone.
Branded shipping, special design for packages and promotional marketing are perfect solutions for an expanding business, but they also require additional costs. Some of the companies which offer fulfillment services also offer a series of suggestions on how to grow the brand’s identity. As an example, ChinaDivision.com provides, besides the Kickstarter and Indiegogo fulfillment services, custom shipping boxes and envelopes, custom package labels, marketing products such as greeting cards, flyers, giveaway products, and newsletters, and gift packages for special occasions, all designed to meet both the company’s marketing purposes and the client’s expectations.