The trust building start level
All projects on Startnext have a start level. This start level symbolizes the minimum amount you need for your project. It is at least 100 € or is determined individually by you. A Startnext project is considered successful, so it gets paid out after the end of the funding phase, when the amount of the start level has been collected and the next level is unlocked.
Your individual start level is based on the following 3 factors:
- Credibility: an individual start level communicates to the crowd that you know what you need to deliver on the promise of your idea. Factor in all costs:
- Personnel costs
- Project costs: e.g. material, equipment, rent, buffers
- Product costs: e.g. production, packaging, shipping
- Fees and taxes
- Rewards: protect the production and shipping of rewards with the individual start level.
- Communicative Draw: You can use this hurdle in your communication plan and get your adrenaline and that of your crowd rising.