There's more to Kickstarter success than having a creative idea. How you phrase your pitch may make a person more likely to donate to your project. And good news, donation seekers: Researchers may have determined the precise language that puts people in the giving mood.
Tanushree Mitra, a doctoral candidate in computer science at Georgia Institute of Technology in Atlanta, explained her research in a recent interview. Her team looked at about 45,000 projects on Kickstarter. They included everything from Ninja Baseball, a project that got significant press attention but couldn't reach its funding goal, to Pebble, which got more than three times what it asked for. They analyzed the way each pitch was written, and then noted how much money the project received above or below the goal.
They found that projects that used the words "also receive two," "mention your," "given the chance," "your continued," and "we can afford" were the most successful.
The people who described their projects with phrases like "not been able," "even a dollar," "later I," "a blank," and "hope to get" weren't as lucky.
"The main finding was that the language in which the Kickstarter is being used to pitch the project has a big factor in whether the project can be successfully funded or not," Mitra said.
So what are the secrets to succes?
Projects that promised something in return for a donation tended to be the most appealing.
Making the project sound like it was in limited supply and that people needed to get one right away was one of the top criteria for funding.
3. Social proof
Successful Kickstarters emphasized that many other people had already donated to the project, which gave the appearance of proving that the idea was worthwhile.
4. Social identity
The project leaders who wrote their pitches with a specific target audience in mind instead of a pitch that appealed to the general public tended to rake in more cash.
Consistently thanking people for their support and engagement, especially by linking to and calling out specific donors and other funders, boosted the probability that the Kickstarter would be funded.
Successful project leaders pointed out why they were an expert in the field and listed their credentials, making their product seem far superior. They also listed factors that made their product better than anything in existence.
Mitra now hopes to conduct follow-up studies in which she'll talk to the donors directly to see if there were specific phrases they believed compelled them to donate.
The paper will be presented at the 17th ACM Conference on Computer Supported Cooperative Work and Social Computing, which will be held in Baltimore from Feb. 15-19.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why Pakistan won't hunt down the terrorists within its borders
- Sorry, GOP, tax cuts don't pay for themselves
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- How academia's liberal bias is killing social science
- Pope Francis' American problem
- 43 TV shows to watch in 2014
- Are there dogs in heaven? Let's hope not.
- Hey, bosses: Stop giving bonuses to your employees
- What is Molly? Everything you need to know about the party drug
- 10 things you need to know today: December 19, 2014
Subscribe to the Week