June 25, 2014
Image from Crowdfunder.co.uk
In honour of the one year anniversary since our successful crowdfund campaign, I thought I'd write a little bit about it. Back then, we were all too busy to stop and reflect, but we learned a lot, and - considering how impactful crowdfunding can be - I thought it was worth sharing some of the insights I gained in case other people can benefit.
Turning Earth was featured in the Crowdfunder Hall of Fame after our campaign generated interest unusually quickly, and the initial target we set was reached in less than 48 hours. I wouldn't want to take too much credit for that; there's nothing stopping an idea whose time has come, and London was due for an open-access ceramics studio on the scale of those found in the US. Still, we were committed, and we'd done the groundwork in building up our audience, and we did everything we could to make it a success. In the end, we raised £18,000 in the pre-sale, and the donations kept coming in long after the campaign ended.
Crowdfunder and crowdfunding were very important to our development, and I would highly recommend this approach to other people trying to launch a social enterprise. The infogram above shows a bit about how it works. The amounts raised in a campaign may seem small compared to what you need, but doing a public crowdfund enables you to leverage funds from other sources. It's a bit like a fundraiser mixed with a proof of concept that enables banks and other funders to understand how your market works.
If I had any tips on how to do it, it would be to study other successful campaigns in the same field as yours. I adapted our strategy from the crowdfund that started The Bicycle Academy, orchestrated by Andrew Denham, to whom I'll always be indebted. His tip to build your audience and 'hit the ground running' was really the most important thing I learned. I worked on networking for a year, building up our social media presence and interacting with our audience using surveys, long before we asked people to commit to financing the project. If you are trying to get your campaign off the ground, I highly recommend you read Andrew Denham's advice, published here: www.thebicycleacademy.org/crowd-funding.
As someone with a background in sales, I also can't stress enough the importance of learning a bit about the science of how a sale works. I would suggest reading a book like Brian Tracy's, The Psychology of Selling. After you've got the theory, then you could go and learn the ropes of pitching by doing a bit of 'chugging' (charity mugging, more respectfully known as face-to-face fundraising). It's a good way to give something to the world while getting a free crash course in sales. And I am not the only person to have learned reams from this approach; I recently learned that Leo Lawson-O'Neill, the creative director of Eat Work Art (the company behind Hackney Downs Studios and Netil House) also did exactly that before he became an entrepreneur.
The crowdfund launch night was one of the highlights of my life to date. There was a hugely supportive atmosphere as people came together with a common purpose. It was the birth of a wonderful community and I am extremely proud to be able to say that, one year on, it continues to flourish.
-- Tallie
To learn more about our crowdfund campaign you can watch the video we made, here:
December 2, 2013
Since I last wrote, a lot has happened. After October 16th, when we got the keys to the Arches on Whiston Road, we went from this:
To this...
We open officially on December 3rd.
(You can tell we're tired...)
June 3, 2013
Our new location…
I have been working on this project, as many of you will know, since October 2012, helped on the way by several wonderful volunteers. After many false starts and dashed hopes we have finally found an excellent place for the studio, far better than any we’d yet looked at, and now predict we will be able to open this September. It will take a while to pin down the details of the lease, and until we have done that I can’t disclose the location, but I will whisper ‘Hoxton’ quietly and hope that is enough to excite you. As you may know, Hoxton and Haggerston stations (which are equidistant from the space) are both on that new and wonderful line that runs regularly to Highbury and Islington, 11 minutes north, and down south to New Cross, only 20 minutes away. It’s really easy to get to from many parts of the city. It’s also a great place to spend time, with lots of artists and craftspeople based in the area, wonderful parks, and some interesting new cafes opening up. The Geffrye Museum (home to the annual Ceramics in the City exhibition), is right round the corner. As well as the great overground links there is a bank of ‘Boris’ bikes outside the studio, which is within spitting distance of the canal. We love it. I can also reveal that the studio has a large, private yard that we will transform into a lush garden, where you can expect to spend many an industrious hour being creative while the sun shines. Enough, I’ve said too much already!
Earth Turner Preview Event – Wednesday 26th June
The third piece of exciting news is that our Earth Turner night, a preview and fundraising event, has been set for Wednesday 26th June in a location very near the new studio. If you would like an invite, please sign up and get on our mailing list. We’d love to meet you!
The event is primarily a ‘meet and greet’ for all our supporters and potential members. There will be 3D renderings of the new space, moodboards showing the feel of the studio, throwing demos and free refreshments. We will announce our location that same evening. It will be a great opportunity to talk to us one-to-one, find out more about membership and/or pottery classes, and to network with other ceramicists and hobbyists. If you are a beginner and feel interested in taking up a new craft, come along and find out more – Turning Earth membership may well be for you.
During the event we will be launching our crowdfund campaign, where we aim to raise an ambitious £10,000 with the aid of advance sign-ups from future members and pledges for collectible pieces from our supporters. We will be offering rewards of Turning Earth merchandise (mugs, t-shirts, aprons etc) for crowdfund pledges from as little as £20. We warmly invite you to become an Earth Turner for Turning Earth.
We are extremely thrilled at the generosity of the many people that have jumped on board to help us with our quest to spread the word about the studio. Five high profile London potters, Norman Yap, Lesley McShea, Ali Tomlin, Tina Vlassopulos and Daniel Smith, have so far donated work to reward those that make pledges to help us. We would like to thank them from the bottom of our hearts for being our very first Earth Turners. It’s an amazing thing to do for a new project, and we are very honoured that they have gone to such a tremendous effort on our behalf.
Please continue the great work and keep spreading the word about the studio to all your friends, coworkers, family members and students, or anyone else you meet that might be interested. The more people that know about the project, the more likely we are to hit our crowdfund target and kickstart the studio.
Thank you all, and see you on the 26th!
Tallie Maughan, Founder