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brand purpose

The 6 steps you need to follow to create a killer crowdfunding video

The 6 steps you need to follow to create a killer crowdfunding video

Like many start-ups raising investment through crowdfunding, fintech brand Chip knew their investment video was crucial. With only 2 weeks till the raise, they were worried the traditional ‘talking head’ interview with their founder they had produced just didn’t do their mission justice. They needed help…and fast!

Enter Mattr Media, who helped create one of the fastest ever campaigns to reach £1m, a 200% oversubscription and a video shortlisted for Crowdcube’s Video Campaign of the Year.

So, how did we do it? And how do we continue to achieve record-breaking results for our other crowdfunding clients? Well, the below are 6 key steps we take with all our crowdfunding projects…


RULE 1: DO NOT UNDERESTIMATE THE IMPORTANCE OF YOUR VIDEO

Unlike pitching to traditional investors, you aren’t going to necessarily meet crowdfunding investors face to face and they aren’t just looking for a 10x return.

Dan Hardy, Head of Business Development at Crowdcube, summed up perfectly why that means your video is so important: “video is the dominant media format online and since Crowdcube is primarily an online investment platform... (so) your pitch video is the best chance you have for investors to learn about you and your business…

So doing one and doing it well is crucial.

RULE 2: TELL A STORY

So how do you do that? Well, don’t forget on crowdfunding platforms, most of the people watching your film are not as financially savvy as traditional investors. So whilst top-level metrics are important, it’s just as crucial to answer deeper introspective questions that your audience will connect with. Things like “why did we start this in the first place? What’s the problem we’re trying to solve? How can we show we’re a big deal (PR/Awards/Team etc.)? What does the future hold?”

It’s also important to not get lost in explaining the “features” of your product. As Hardy explains, “the objective here is to get people to invest in your business, not to buy your product. That's a big difference… You need to strike the right balance.”

Overall, keep the message simple and save the detail for additional supportive content.

RULE 3: BE DISTINCTIVE 

Depending on how much time you’ve spent defining your brand tone of voice, this will make life easier or more challenging for you. But if you haven’t the foggiest, this is where a creative partner like us can help.

In order to make this video feel distinctly “you”, it’s helpful to consider questions like-

  • If we were a brand from a different sector, which would we choose to be?

  • If we had 3 words to describe how we want people to feel after watching this, what should they be?

  • If we had 3 words to describe our product, what would they be?

  • If we imagined our brand as a celebrity, who would they be? And why?

It’s exactly these kinds of questions that led us to creating such a fun and quirky fundraiser for Chip.

RULE 4: PUT YOUR AUDIENCE FIRST

The rise in popularity of crowdfunding has been born out of a desire for consumers to feel more connected with the brands they buy from. And that’s why so many successful crowdfunding campaigns are community focused - just look at Monzo and their amazing £20m crowdfund, or Brewdog and their 2000% overfund to total £10m. 

Alex Latham, Chip’s CMO says “It’s really imperative that our staff and customers feel a part of our mission, particularly for crowdfunding. There was no better way of doing this than when Mattr recommended we champion these guys in our films. I would say a lot of our Crowdcube success has been because of this attitude.

You should not underestimate the value of people being your advocates, helping spread the word for you and hopefully investing too.

RULE 5: CREATE VALUE BEYOND THE HERO FILM

For some investors, watching your main film may not be enough to sway them to part with their money. So think about what content you can create to support their final decision. 

Supportive “product explainer” films are great for the nitty-gritty you haven’t spoken about in the main film and of course, there’s the pitch deck for the financials. However, if budget can stretch, we also encourage films about the staff.

It surprises us that not too many companies create update films on how the raise is going  after the campaign goes live, a useful tool to stay top of mind.

RULE 6: CHOOSE THE RIGHT PARTNER

Most video agencies have fixed “packages” (as do we) for crowdfunding campaigns and many of us have proven experience, so how do you choose the right partner?

A big component of that will be whether you believe your chosen agency is not just doing this to get paid, but ultimately because they believe in your business.

You can gage part of this from initial conversations and the value they provide. But whether they “walk the walk” is tough. That’s why at Mattr we developed two further offerings to the standard package, which aligns us even further to you in your quest for a successful raise:

  1. A part fixed fee part success fee package 

  2. A pure success fee package (i.e. absolutely no up front fee to do so)

Finally…

You’re at an exciting stage in your company’s journey, but we know your video will be a crucial piece in the success of your campaign. If you’re interested in learning more, do contact Chief Shmoozer Josh at josh@mattr.media

Build a Brand Movement Round Up: Alzheimer’s Society, LoveCrafts & Method + Ecover

Build a Brand Movement Round Up: Alzheimer’s Society, LoveCrafts & Method + Ecover

The #mattrmovement came back with a bang this week and wow was it an amazing night!

We loved the energy and insights from our amazing speakers Sylvia, Nigel and Sara and loved the questions from the audience...thank you everyone once again!

Here are just a few golden nuggets we took away from our lovely speakers, and if you want to see the full talks, look out for the videos we’ll be posting soon...

Sylvia Lowe, Alzheimer’s Society: Look beyond your brand

“No business is an island, everyone needs to help one another” explained Sylvia

“No business is an island, everyone needs to help one another” explained Sylvia

With people developing dementia every three minutes, Alzheimer’s Society are constantly asking themselves... is the key to growing donations creating awareness about Dementia or creating awareness about their brand? The conclusion: if they can lead with the former, the latter will follow.

Sylvia showcased how effective this approach is using the grassroots #askusanything campaign which the charity launched during Dementia Action Week. The campaign focused on educating the masses about the condition and empowering those who suffered with Dementia to speak about what everyday life is like. This was capped off with a great film that totally humanised the issue without ‘sadvertising’.

The results? 28,000 more dementia friends (now totalling 2.8 million!) volunteering, added awareness through a series on Channel 4 ‘The Restaurant that Makes Mistakes’, and great media coverage to position the society as global pioneers. Not bad for a campaign that didn’t put the brand front and centre of its comms...

Takeaway: Turn your thought leadership into action leadership

Nigel Whiteoak, LoveCrafts: Data and creative are a match made in heaven

Nigel confessed “I’m a data geek”

Nigel confessed “I’m a data geek”

Nigel loves his data, and he isn’t afraid to show it. In fact, it was this data that led to the success of their biggest in-house brand label: Paintbox. Online conversations suggested there was an untapped market for a broad range of colourful and affordable yarn so they seized the opportunity.

Using feedback from staff, customers and influencers in the crafting community, they perfected their product and brand, transforming LoveCrafts from a platform to a popular brand in its own right.

Earlier this year, Paintbox Yarns launched in the US with an advertising campaign created off the back of their learnings and data. The result was a colourful and playful film which tapped into influencers and the wider knitting community. This achieved a brand lift across social 5x over the average (I wonder who was the clever agency behind that ;))!

Takeaway: Get your customers involved in the curation of your brand

Sara Mendez Bermudez, Ecover & Method Cleaning: Your brand is only as good as the people behind it

“Brands don’t die, it’s the passion of the marketers behind it”, joked Sara

“Brands don’t die, it’s the passion of the marketers behind it”, joked Sara

Launched in the 1970’s, Ecover was considered a seriously rebellious company in the cleaning sector. Fast forward 4 decades, the modern consumer is now looking for a shift in narrative - from one that looked within (Ecover is for the world of cleaning) to one that looked out (Ecover can help clean the world).

Their mission became clear: to lead a clean world revolution. This mission would guide them through everything, from who they work with, to how they present their products. Thanks to this communication strategy, the company saw not just a brand uplift but their sales and market share boomed too.

There were many things to take away from Sara’s talk, but her enthusiasm for embracing the ‘inner rebel’ in people and making them feel part of a movement rather than just selling a product was something we particularly loved.

Takeaway: Get comfortable being uncomfotable

To summarise… never settle

An extremely important pattern throughout all of our speakers’ talks was the importance of not fearing failure, and instead dedicating time to look at what can be improved.

Sara highlighted in her presentation that “progress and not perfection” is what to strive for when looking at how to build a true movement. At LoveCrafts, Nigel spoke about not fighting the feedback, instead, learn from it. And Sylvia explained how a brand has the power to disrupt the status quo of an entire sector, you don’t always have to settle.

It isn’t easy to build a movement. But if you put the audience first, think about your impact beyond your product and communicate yourself in a way that feels truly valuable, you’re on the right path.

Josh Fineman, Mattr Media Co-Founder rounding up the night

Josh Fineman, Mattr Media Co-Founder rounding up the night


And before we go...  

If you enjoyed coming to our event, or even reading our tips from the eve, you may wanna check out our next content workshop on July 10th. For more info or to book your seat book click HERE...but hurry seats are limited and already selling!