Get All Access for $5/mo

Student Raises $15K on Kickstarter Without Spending a Dime Here are three tips he utilized to bootstrap his crowdfunding campaign.

By Nathan Resnick

Opinions expressed by Entrepreneur contributors are their own.

Yes Man Watches

Ideas can come easily, but the hard part is finding the money to actually turn them into products. Getting an investor pre-revenue is like winning the lottery. You could ask family and friends to pool money, but then your investors become too personal. The best way to fund your startup is crowdfunding.

This past summer I designed an innovative watch buckle and didn't know how to fund the first production run. As a sophomore in college, funding a production run seemed impossible -- I didn't have money and time was scarce. Classes took up my days and homework flooded my nights. Scheduling my days was key. I turned to crowdfunding because it is extremely cost-effective. Here are three way I kept costs down when launching my campaign:

Getting to your prototype. Most crowdfunding platforms require the creators to have a working prototype in order to launch. Depending on your business, this can include working with a supplier in China to customize existing products, or a thorough long-hauled development process.

Related: Take a Step Back. Set a Realistic Goal for Your Crowdfunding Campaign.

Either way, to keep your costs down, be on the lookout for people that value the startup experience. When launching my website, I kept an eye out for designers building their portfolio -- I ended up connecting with a web designer through a mutual friend who developed my website for free. This whole process of turning an idea into a product should be documented, as most crowdfunding platforms focus on creativity. Kickstarter, for example, screens projects based on if the creator showcased their stages in development.

Creating your campaign page. There are no costs associated with launching a crowdfunding campaign (fees are taken out later). You can write all the content yourself and have your friends edit it. If you have a product to show, rally your network to find someone capable of taking professional-quality photos.

For your video, anything will do (I've seen videos shot with iPhones), but if you want something more professional, reach out to your friends into videography. In my case as a college student, I contacted the director of my university's news station and had him send an email blast to its members. Within a week, I partnered with a skilled videographer looking to gain experience.

Related: Use Crowdfunding to Gauge Interest for Your Idea

Pushing for free exposure. The most important part of launching a successful crowdfunding campaign is getting the word out. Blogs, magazines and newspapers are all constantly looking to post interesting content. You can easily be your own publicist. The hard part is finding the right media outlets to connect with.

Utilize Google's image search to find relevant blogs -- simply choose three wildly successful crowdfunding campaigns in your category, copy their main image, and paste it in Google's image search bar. You now have at least five pages of media outlets to contact. Keep your message short and sweet when reaching out -- the outlets get pitched by hundreds of people a day. All you need to say is who you are, what you're doing and how it is different.

If you're really pressed for time, bring on an intern from a local college in your area. When launching, I had two interns from my university working for free to gain experience. Combined, we sent around 150 emails a day, enabling us to be covered by major outlets including the Washington Post, Huffington Post and Bro Bible. Don't be scared to follow up too -- emails do get trashed.

I utilized these cost-effective approaches in my current crowdfunding campaign for my startup, Yes Man Watches. We didn't spend any money to launch our campaign and met our $15,000 goal in three days.

Related: This Site Allows Celebrities to Crowdfund for Causes in Real Time

Nathan Resnick

CEO of Sourcify

Nathan Resnick is a serial entrepreneur who currently serves as CEO of Sourcify, a platform that makes manufacturing easy. He has also brought dozens of products to life over the course of his career.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Growing a Business

How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Wondering how long your marketing emails should be? Here's what consumers say — so you can send them exactly what they like.

Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.