What Happens When You Can't Deliver Your Kickstarter Project to Backers?After realizing he'd lose money by fulfilling all his Kickstarter orders, an entrepreneur had to change course.

通过Jason Feifer

Cleancult

Introducing our new podcast,Problem Solvers with Jason Feifer, which features business owners and CEOs who went through a crippling business problem and came out the other side happy, wealthy, and growing. Feifer, Entrepreneur's editor in chief, spotlights these stories so other business can avoid the same hardships.Listen below orclick here to read more shownotes.

A successfulKickstartercampaign is exciting, but it can also be a curse. New entrepreneurs routinely miscalculate how much money they need to fulfill orders, and get drowned in unexpected costs. How can someone survive that?

Related:From a Garage to Its Own Warehouse, How Boxed Grew Fast

Ryan Lupberger has faced exactly this problem. He raised $10,585 on Kickstarter forCleancult,his "non-toxic laundry detergent." Then he learned that manufacturingalonewould cost double what he anticipated. To fulfill all his orders, he'd lose more money than he'd earned -- a recipe for going broke.

So what did he do?

First, he looked at the positives. "We lost a fair amount of money," he says, "but it was essentially, like, okay, we know that there is a market validation. My customers like the formulation."

Kickstarter may have cost him money, but it also proved that he's onto something. Now he just had to figure out how to get his costs down -- and he did. However, it took him to very unexpected places, and required a major life change.

Related:How Yogurt Brand Noosa Thrived By Cancelling Its Biggest Retail Deal

How did Lupberger recover from a Kickstarter setback, and why (spoiler alert!) is he suddenly soaking up a lot of sunshine? Follow his path to success on this new episode ofProblem Solvers.

Anyone who's ever had to sign and mail a paper document has wondered: There's got to be a better way to do this. And there is!SignEasyis a easy-to-use, simple and legal way to digitally sign documents. You can sign them yourself, from anywhere and on any device, or send documents to customers, partners, or colleagues for signing, and even track the progress of documents and get notified when a document is signed. And if someone's late in signing, you can send them a reminder. With SignEasy, there's no reason to deal with documents you have to print and sign and put in a mailbox. SignEasy is faster, easier, and safer. To get started for free go togetsigneasy.com/podcast.

ProsperWorks知道每个销售都知道:真正有证y tedious. "Somewhere along the way," its website says, "CRM got really hard to use." And that's why ProsperWorks has built a CRM that's the opposite. By integrating with tools you're already using and eliminating repetitive tasks with automation, ProsperWorks is beautiful, easy to use and drives productivity to help you and your team sell more, faster. Try ProsperWorks for freeby using our link.

Wavy Line
Jason Feifer

Entrepreneur Staff

Editor in Chief

Jason Feifer is the editor in chief of狗万官方magazine and host of the podcastProblem Solvers. Outside of狗万官方, he is the author of the bookBuild For Tomorrow, which helps readers find new opportunities in times of change, and co-hosts the podcastHelp Wanted, where he helps solve listeners' work problems. He also writes a通讯called One Thing Better, which each week gives you one better way to build a career or company you love.

Editor's Pick

Related Topics

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Marketing

How ChatGPT Is Changing Digital Marketing (for Better or Worse)

The current state-of-play strengths, weaknesses and potential of this breakthrough tech, and why owners and other execs should be aware of its capability gaps.

Business News

Mark Zuckerberg's Net Worth Soars to $113 Billion after Meta Stock Surges — Making Him the 9th Richest Person in the World

Mark Zuckerberg experienced a remarkable boost in his wealth, with gains of up to $9 billion, after Meta's stock surged by 9% following a robust second-quarter earnings report.

Business News

What Is a 'Lazy Girl Job'? New TikTok Trend Empowers Women to Work However They Want

The trend began as a way for women to find more free time during their days.

Devices

Get an Extra Discount on a Tiny Camera, Just $60.99

This camera may be little, but there's a ton you can do with it.

Real Estate

How to Utilize Exclusive Rights and Use Clauses in Commercial Real Estate

From use clauses to tenant-landlord agreements, knowing your rights in commercial real estate is vital.