Showing posts with label success. Show all posts
Showing posts with label success. Show all posts

Monday, April 5

Landing

Our fourth Kickstarter finishes in just over 30 hours.

It’s been amazing.

Highest total by a country mile.

Highest backer count too.

We’ve unlocked six of the original eight Stretch Goals.

The seventh is very close.

At one point my (as it turns out wildly inaccurate) predictions spreadsheet had us nearing the point where we would have to register for VAT.

Kickstarters are a rollercoaster.

Less stressful than the first - where we very nearly failed.

But still, we’re small enough that we feel the joy of every new backer and the disappointment of every cancellation.

It’s nearly over.

A chance to relax and breathe.

The Pledge Manager will be right behind it though.

Busy, busy.


Monday, March 29

Lift Off!

The Kickstarter is going really well.

On course to be our best ever again.

Strong start!

Things are shifting though.

Our plans are changing. Adapting. Responding to backer demand.

We hadn’t intended to reprint Expansion 1 or Box of Flicks 1.

But people want them.

So we’re changing our minds.

It’s keeping us busy.

But we made the decision for the right reasons.

And people seem to like that.

Monday, November 30

Dividend

My first board publishing company started strong, but ended up a financial disaster. 

I lost my initial ‘investment’ and 1/3 of the Life Insurance money I put in when I tried to go pro.

I started another. Some people never learn.

This one is going much better.

Thanks to Kickstarter and the popularity of FlickFleet, Eurydice is doing much better than Reiver Games ever did.

After the last Kickstarter we had enough cash in the company that I could withdraw my initial investment.

And now Paul and I are taking a small dividend.

Which game's money are we paying ourselves in?

We’re profitable because we don’t pay ourselves salaries for the many hours we work in our evenings and weekends.

We’ve earned a modest payout.

This one is doing much better.

Maybe I have learned something...

 

Monday, July 13

The Game Has Changed!

Our Kickstarter is now finished and raised a staggering £18,724. Ok, that’s nothing compared to the $10,000,000 Frosthaven raised, but for us it’s a game changer. 

I started Eurydice Games in Sept 2017 with £1,000 of our family savings. I promptly spent almost all of that on the materials to make 200 copies of Zombology by hand. 

Paul joined in August 2018 and we ran a Kickstarter which raised £12,127, which we promptly spent on a laser cutter and the raw materials for 400 copies of FlickFleet. The few thousand pounds left over only just covered the cost of shipping the rewards. 

Before running our second Kickstarter in late 2019 I had to lend the company another £500 to cover advertising the campaign (which raised £13,164). Again that money was ploughed into materials for another 400 copies of FlickFleet and 400 expansions. After the campaign was fulfilled we had a few hundred pounds left. 

This campaign was supposed to be a little thing, hence the crazy low target, little preparation and lack of planned advertising (when we saw it take off we did run some Facebook ads). It did way better than we expected. Way better. We ended up selling 112 games and 76 expansions through the campaign. Those are things we have already made and are currently sat in their boxes behind Paul’s sofa. We’ve already paid for them. 
Ready to go to a loving home!

We also had backers for 160 all add-ons pledges, which we need to buy materials for and obviously there’s a load of shipping to pay for too, but once the campaign is fulfilled we will have cash in the bank for the first time. Thousands of pounds of it. 

Until now we’ve been doing almost everything ourselves - because we couldn’t afford to do otherwise. I’ve done the books, the website, social media, marketing, advertising, run the Kickstarters, pledge manager and the graphic design/product development. Paul has spent countless (more than me!) hours cranking out games in his garage. 

We now have options. Is it worth paying a professional to do some of those things? They would certainly do a better job than me at many of them. Paul and I are making a shopping list to prioritise! :-)

As an aside, those of you who have been reading this blog for the last 14 years will know Eurydice Games is not my first publishing company. Reiver Games ran from 2006-2011 and for a couple of years I tried to do it professionally. My games were made in factories and were sold through 21 distributors on three different continents. 

Assuming we fulfill the latest Kickstarter fairly quickly, then Eurydice Games will have a higher turnover this year than Reiver Games ever managed!

Monday, July 6

Best Kickstarter EVAR!

This campaign has been amazing - it’s done so much better than we could possibly have hoped for. It’s now our best Kickstarter by over £1,500 (that’s more than 10%!) despite our very humble expectations for it. 

There’s still just over a day left to run and one last stretch goal that’s definitely in reach now, so it’s not quite done yet.

We still can’t believe how well it’s gone - the challenge now will be what can we learn from this one to replicate for next time...

Sunday, November 3

We Did It!

I’ve not had a chance to prepare a proper Kickstarter debrief post so here’s a quick and dirty ‘it’s done’ post for the moment.


Funded! In 3.5 days as opposed to with 4 hours to spare!

We did it! We ended up 188% funded (£13,162 before payment errors) with 304 backers.

We had 85 backers of our first campaign return to get the expansion (that’s pretty much one third!) which is amazing. I’m amazed and delighted that so many people loved FlickFleet enough to want to get more.

And another 220-ish new supporters. I’m slightly disappointed that with ten times the advertising spend we didn’t get more people than last time but I think that it’s at least in part due to the video being too long and too serious. Lesson to learn there.

Even with funding really quickly (3.5 days) the Kickstarter process was still uncomfortable. The app on my phone notified me every time we got a new backer, but not cancellations (we had a lot again) or adjustments (positive or negative), so I was constantly checking to see where we were. Cancellations and negative adjustments still felt awful, like we’d failed in some way, despite the few people who explained it saying it was nothing we were doing wrong, just financial pressure.

Again I was completely thrown by the pledge levels people chose. Last time I was expecting a few deluxes and mostly standard but it was pretty much 50-50. This time (learning from that) I expected a 50-50 split with maybe a third of new backers wanting the expansion. This time it was 2/3rds deluxe and 85% of new backers opted for the game and the expansion.

And then the campaign ended with a (literal) whimper. On Wednesday afternoon I managed to get a paper cut on my eyeball. How you ask? My own ineptitude. Still it was very sore Wednesday evening so the stuff I had hoped to do (video editing) fell by the wayside. Thursday morning it seemed ok, so I went to work but as the day wore on it got worse and worse and I had to leave early. Thursday night we were into the last 48 hours and I dosed myself with painkillers and went to bed at 8:30. Friday morning it was agony, so I went to A&E and got prescribed all of the eye ointments. I spent most of Friday in a dark room with my eyes shut. Saturday morning was agony again so I got my hands on some codeine which did the trick, enough to do the bare minimum at campaign end.

Thankfully it’s doing much better now, my vision is returning (still a bit blurry at long range) and the pain is pretty much gone. Still I can’t help but think we could have had a better finish if I had been more on the ball.

Monday, December 10

We Did It!

The good news is that our Kickstarter for FlickFleet funded and we’re getting a laser cutter in Paul’s garage and approximately 285 people are getting a copy of FlickFleet. Approximately, you say?

The pledges as written have us being on the hook for delivering 21 copies of Zombology, 137 standard copies of FlickFleet and 118 deluxe copies of FlickFleet. However, a number of people pledged over the amount to add an additional copy (or four!) or a Zombology to their order and I’ve not yet been through things in detail to get the final totals. I think total is nearer 285 FlickFleets.

As regular readers will be aware, this was our first Kickstarter and I was pretty uncomfortable about it for a number of reasons, but the biggest two were: I don’t like to owe people for things (I don’t usually take payment until the game is ready to ship) and not knowing what we’re getting into until the project completes.

The first has just been realised (325 people have just had their credit cards charged) and the second has now abated - once I’ve tallied the special pledges we will know exactly what the commitment looks like.

As it turns out the worst bit of running a Kickstarter was neither of those, it was instead the month-long anxiety of ‘will we fund or not?’.

With 5 hours to spare!

It went right to the wire, with us reaching the target with 5 hours to spare and then a flurry of late adjustments as people who had helped give us the momentum and cross the line corrected back down to something they were more comfortable with. I was literally watching the seconds count down at the end, refreshing the page in case we had more cancellations that dropped us under again. It was not a comfortable experience. But we’re done, we made it and that’s behind us now.

We funded at £12,127 or 101%. Some people might look at that as a failure, but to us it’s a huge success. This was our first Kickstarter, which makes a lot of potential backers uncomfortable. We went into it with a tiny mailing list of 135 people, needing approximately 350 backers to succeed. It was always going to be an uphill struggle. But we did it!

We also made things more complicated for ourselves with our bizarre two-stage campaign that was a mixture of hand-crafted and potentially professionally manufactured games. This hugely complicated the fulfilment picture for us as we didn’t know how many games we’d be hand-crafting in our free time around jobs and families.

I think the optimal outcome would have been reaching the £40k stretch goal and then we would only be on the hook for hand-crafting the deluxe editions. The second best outcome was what we got: scraping over the line so we don’t have a huge number over people waiting on games. If we’d ended up just under the £20k stretch goals we’d have had 600-700 people waiting on fully hand-crafted games (which we’d promised within a year) and if it was just under the £40k one it would have been about 1,500 games worth of laser-cutting in the same time frame (though the rest of the games would have been professionally manufactured). So in that sense it’s a good outcome for us.

We’re now working on getting the artwork finished off, the print and play files together and the laser-cutter ordered. We’ve until the end of this month to deliver the P&P files and a couple of weeks to wait for Kickstarter to release the funds to us, at which point we can start ordering things that require up front payment.

It just remains to say thank you all for your support. Whether you backed us, shared the project on twitter, Facebook, Instagram, BGG or elsewhere, or even if you just wished us well - it meant a huge amount to both Paul and I. We literally couldn’t have done it without you.

Thank you!