Successful crowdfunder, Robert Torres is one of the founders
of Black & Denim, an American Made denim and apparel company with manufacturing
provided in California and distribution occurring in Tampa, Florida. Many aspiring entrepreneurs, investors and the
curious watch and live tweet during the Shark Tank show every Friday so when
Mr. Torres sent a tweet about his KickStarter campaign using the hash tag “#SharkTank”
during the show broadcast, it caught my attention.
Because I teach
crowdfunding workshops, I am always on the lookout for projects that implement
the advice that I give my students. In this case, Black & Denim has leveraged
the entire Shark Tank network by creating a tie-in to his project and by being
bold enough to follow through. Remember how I was talking about being bold in this post?
After auditing the
Black & Denim campaign, I could clearly see the forethought and planning
that it took to launch the campaign. Below, Mr. Torres answers some questions
that I posed in an effort to help you understand the complexities and value of
planning the campaign from a successful crowdfunders’ perspective.
An Interview with Robert
Torres, Co-Founder Black and Denim
Q: What made you decide to crowdfund
your project?
A: The decision came easy as this allows us the opportunity to
connect with more customers that we normally would not reach. It also allows us
to create “Brand Ambassadors”. You normally do not get the opportunity for this
since most of the customers that we have shop at specialty boutiques and cannot
meet us in person. Through our video people can develop an emotional
connection.
Q: Why did you decide to use
Kickstarter as your crowdfunding platform?
A: It is the biggest one. It has the most people and is the most
successful one. The goal of crowdfunding is not to go viral. It is to draw the
most eyeballs to your campaign as you can. Making it as a ‘Staff Pick” is
pretty hard in itself. That should be your goal!
Q: How long did it take to plan and
launch your Kickstarter crowdfunding campaign?
A: 6 months. It takes a lot of hard work and careful planning.
Q: What does your marketing plan look
like?
A: Marketing plan is full of dreams with a big 0 in the budget. We
use Guerrilla marketing at it’s best. We use twitter and facebook the most to
get our name out there. Knock on doors and go to festivals and speak with
people. It is the best way to get your name out there. Big companies can afford big marketing
budgets. We do have marketing campaigns, just execute them differently.
Q: You held a live in-person
Kickstarter launch party and sent tweets throughout using the hash tag
#SharkTank. Why?
A: We understood that people that watch the show is all about
business (or want to be one day). The live tweet party gives us the opportunity
to connect with them. They want to root for the little guys! We are the little
guy! Also, the numbers do help.
They dominate the demo of 18 to 55 on Friday’s
(Prime Time) drawing 6.1 million people in ratings. They beat every other show
out there. The big plus? People are already in front of their computers! Or
wireless devices. This gives us the opportunity to throw a link at them, they
click it, watch the video and decide whether they want to support the campaign
or not.
Q: Your project is currently almost
funded ($18,259/$20,000) in less than 2 weeks! To what do you attribute your
success?
A: Hard work. We made sure that everybody knew that our campaign
was alive. When we hit the goal, it was not over. We still had 24 days to go,
so we decided to double our goal to 40k.
EDITOR NOTE: This project has now has
exceeded the funding initial target goal with 12 days left in the campaign.
Currently numbers are $27,560/$20,000 at the time of this writing.
Q: Do you have a crowdfunding tip you
can share with us today?
A: Preparation, preparation, preparation! You really do not want to
rush it. Study your space. Make a board, craft your speech. Study every other
campaign in your space out there. Make sure your video is ON POINT. Good
rewards are the sure hook (make them a no brainer). Lastly, make sure everybody
knows about it. You never know when the first donation is going to come (or
your last). I know you said 1 tip, so think of it as a paragraph tip. Ha ha!
--
About
Black & Denim:
Made and sourced with 100% American Raw
Materials, Black & Denim® is a Lifestyle brand with a spirit as resilient
as the American Dream. It conserves the essence of the History of American
craftsmanship where it was born. Its authenticity is expressed though its
collections made of casual articles of clothes and accessories for men that are
inspired by Americana, Music and the American lifestyle.Black & Denim designs, manufactures and distributes seasonal and comfortable garments that are inspired by our American Heritage. The premise of being in tune with the fashion trends without becoming a victim of fashion is materialized through contemporary basics -with classic touches- that make the perfect balance between comfort and elegance.
American Inspired. American Made. American Owned.
Connect with Black & Denim:
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