Supporting Bitcoin communities and circular economies on Geyser
Establishing a Bitcoin community and circular economy takes a lot of time and dedication. To get off the ground and raise funds, many of these initiatives turn to Geyser and to the generosity of the Bitcoin community at large.
In this guide, we go over the best practices to increase the chances of success when starting a Bitcoin community with the help of Geyser.
Key elements for success
Crafting a great narrative
The key to captivating potential backers starts with a compelling project Story.
Start with a hook—a compelling statement or question that grabs attention. What's your story about?
Then outline your vision, your story's perspective, and why it matters. What's your goal?
Next, tell about yourself and your team, your passion and expertise, showing your past proof of work to justify why people should help you. What's your motivation?
End with a compelling and clear call to action to turn the reader's momentary inspiration into action. How can they help you?
Each section should contain great visuals. Photos and videos break the wall of text and make the page much more accessible and appealing.
For more on this topic, see our step-by-step tutorial for how to write a great Story
Clarifying your goals
There's nothing worse for a supporter than donating to a project that will never see the light of day. Plan as much as possible for the costs your project will incur, and be transparent about them to build trust and credibility with your donors.
That said, milestones are not just fundraising goals; they are storytelling tools. Use them to keep your audience engaged and invested in the project's progress.
For example, set a milestone to unlock a special local event or meetup. Celebrating these milestones builds momentum, keeps the audience interested, and encourages continued support.
Offering amazing rewards
On average, creators who sell rewards on Geyser raise 3.3 times more funding than those who don't.
For local communities in particular, rewards offer a unique opportunity to connect with donors and show how much you appreciate their support.
Consider these reward ideas, tried and tested by successful Geyser projects:
Shoutouts: Personal acknowledgments dedicated to funders in your website or social media can create a strong sense of community.
Gifts: Allow contributors to donate for specific activities or materials, such as school supplies for children, equipment for a course, etc.
Merchandise: Sell merchandise such as T-shirts, mugs, and caps to raise money for your community.
These rewards can be offered as limited editions to cultivate a sense of exclusivity and increase their perceived value.
The most successful campaigns leverage the power of social media to amplify their message.
Add your Geyser project link to your social media bio so it's always easy for supporters to find it and keep on coming back.
Leverage your social media presence to share regular updates, engaging content, and personal stories about your project to connect it with a wider audience.
Remember, consistency and authenticity are key to building a lasting relationship with your audience, and social media lends itself well to building and maintaining those relationships.
Being adaptable
When it comes to establishing a Bitcoin community, there is no one-size-fits-all strategy. What works for one project may not work for another.
The secret to success? Have a plan and be proactive about promoting your project, whilst also being prepared to try different tactics, listening to feedback, and being open-minded to adapt your strategy if needed.
Embrace the journey, learn from each step, and remember that every supporter brings you closer to seeing your vision come to life.
We hope this guide has helped you get closer to establishing a Bitcoin community. If you find this content helpful and valuable, you can give us value back by donating to the Geyser project
If you still have unanswered questions, feel free to reach out to us.
