<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Crowdfunding appears to be an innovative way of fundraising various projects. Although it is a relatively new and unique way of financing, competition for potential backers increases every year. While recent works have explored the role of engagement and involvement in crowdfunding, there is still a lack of understanding of how creators can stimulate backers’ activity. Therefore the aim of this paper is to identify and classify the methods used for crowdfunding by the top creators to boost and maintain backer engagement. Drawing from the Theoretical Model of Customer Engagement and Theory of Intrinsically Motivating Instruction, we propose a theoretical model that is backer engagement-based. It presents the unique role of involvement and participation in engagement and its interrelationship with value and community involvement. We investigate the top 30 most funded campaigns on Kickstarter in the tabletop games category. Based on our cross-case study, we identify and categorise tactics that create engagement-friendly environments. Our findings suggest that over time creators tend to focus on shorter but more dynamic campaigns with the higher engagement of backers. The creators of the best campaigns use similar tactics that affect both engagement and involvement. The important but often ignored factor that influences engagement is social interaction.</p>
</abstract>

Crowdfunding appears to be an innovative way of fundraising various projects. Although it is a relatively new and unique way of financing, competition for potential backers increases every year. While recent works have explored the role of engagement and involvement in crowdfunding, there is still a lack of understanding of how creators can stimulate backers’ activity. Therefore the aim of this paper is to identify and classify the methods used for crowdfunding by the top creators to boost and maintain backer engagement. Drawing from the Theoretical Model of Customer Engagement and Theory of Intrinsically Motivating Instruction, we propose a theoretical model that is backer engagement-based. It presents the unique role of involvement and participation in engagement and its interrelationship with value and community involvement. We investigate the top 30 most funded campaigns on Kickstarter in the tabletop games category. Based on our cross-case study, we identify and categorise tactics that create engagement-friendly environments. Our findings suggest that over time creators tend to focus on shorter but more dynamic campaigns with the higher engagement of backers. The creators of the best campaigns use similar tactics that affect both engagement and involvement. The important but often ignored factor that influences engagement is social interaction.

How to create an engagement-friendly environment in reward-based crowdfunding?

Poznań University of Economics and Business

Department of Investments and Financial Markets Institute of Finance al

Faculty of Management Department of Enterprise Management

Central European Economic Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"How to create an engagement-friendly environment in reward-based crowdfunding?"}

Crowdfunding appears to be an innovative way of fundraising various projects. Although it is a relatively new and unique way of financing, competition for...

How to create an engagement-friendly environment in reward-based crowdfunding?

Online veröffentlicht: 01. März 2022

Seitenbereich: 38 - 55

DOI: https://doi.org/10.2478/ceej-2022-0003

Schlüsselwörter
crowdfunding, entrepreneurship, involvement, crowdsourcing, engagement

© 2022 Marcin Bielicki et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to create an engagement-friendly environment in reward-based crowdfunding?

Online veröffentlicht: 01. März 2022

Seitenbereich: 38 - 55

DOI: https://doi.org/10.2478/ceej-2022-0003

Schlüsselwörtercrowdfunding, entrepreneurship, involvement, crowdsourcing, engagement

© 2022 Marcin Bielicki et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Schlüsselwörter
crowdfunding, entrepreneurship, involvement, crowdsourcing, engagement