162: Product Pre Launch Strategies For Crowdfunding Success
Will Ford, Co-Founder of LaunchBoom, explains how hardware startups can use pre-launch strategies to validate products and fund manufacturing via crowdfunding. He details the 'LaunchBoom effect,' where securing small dollar deposits converts backers at 30 times the rate of email opt-ins, allowing campaigns to hit goals quickly and trigger platform algorithms. Ford also describes LaunchBoom's pivot from a high-cost agency model to a lower-cost coaching and software platform, enabling entrepreneurs to run A/B split tests on pricing and messaging to maximize margins before launch.