Tag: Bad Business Idea

Production and fulfillment costs seem to go hand in hand, which is why making a profitable Kickstarter is so hard. Often, you are selling something that has not yet realized its full cost. This guide is to help you use crowdfunding strategy and basic accounting to design a Kickstarter that actually makes you money instead of going in the other direction.

Understanding the Cost of Goods Sold

This is the ultimate number you will arrive at once your Kickstarter product is in people's hands. But it is also the hardest to calculate upfront. Use our simplified Kickstarter cost of goods sold calculator to make sure that after all is said and done, you walk away with a profit margin and not a loss.

Kickstarter can cause capital loss because it has higher unexpected costs. The symptoms of losing money are common for first-time business owners because creating and distributing a new product always involves common, unexpected challenges. This goes way beyond just the platform's fees or the cost of shipping.

There is a lot that goes on in making a Kickstarter. The marketing cost itself is immense. Keep reading to learn more about why crowdfunding accounting is an important missing step in launching your project.

What turns a Wildly successful Kickstarter into a Bad... Read More