What type of project is right for me? Find out with our Funding vs. Pre-order Type Test!
Be sure to bring this with you!
- Funding vs. Pre-order: Which Type Is My Project?
- If it’s a pre-order, which of the three special perks should you prepare?
- We’ll also walk you through the most frequently asked questions about funding and pre-orders.
The types of projects makers can run are ① funding and ② Pre-order.
In January 2023, the wadiz ecosystem underwent a major change.
- With the launch of the pre-order service, the stage for makers to take on new challenges has expanded,
- and the stories and products that supporters can experience have become more diverse.
Have you been wondering whether to choose a funding or pre-order project?Take our two-part quiz to find the project type that’s right for you. If you choose pre-orders, we’ll also guide you on what rewards to prepare and how to set them up.
1) Funding vs. Pre-order
Your project type is “funding.”
You’re preparing to introduce Product, service, or content that has never been released elsewhere. If the Rewards have been distributed through your own online store or other platforms, you cannot run a funding project. These Rewards must be introduced for the very first time through wadiz! If you can confidently introduce them, your project type is definitely “Funding.”
The maker’s project type is “pre-order.”
If it’s a product, service, or content, you’re addingto introduce them on wadiz. Even if they’ve been launched overseas, even if you’ve run a project on wadiz before, or even if they’ve already been distributed in the market, wadiz supporters only, you can run a pre-ordercampaign.
If you’re curious about the types of special perks you should offer through pre-orders, try taking the following quiz.
2) Korea-Exclusive VS Special Bundle VS Limited Edition
The maker's special pre-order benefit is “Exclusive to Korea.”
Products Previously Released, , but you plan to introduceit exclusively on wadiz for this pre-order project. Ifyou want to distribute your product through other channels while running a pre-order project on wadiz, you must launch the project with a special benefit (Special Bundle or Limited Edition) instead of “Korea Exclusive .”
Pre-order – Tips for Domestic-Only Projects
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The maker's pre-order special benefit is“Special Bundle.”
Although this is a product, service, or content, but you’re preparing something special that will be offered exclusively during your wadiz pre-order project. There’s a wide variety of special offers—such as price discounts, additional service benefits like after-sales support, or bundles featuring new products—so please tailor your offer to your specific situation.
Pre-order – Special Bundles TIP
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The maker’s special pre-order benefit is “Limited Edition.”
If it’s a product, service, or content, and you no longer have plans to produce it, consider launching a pre-order project with a “limited edition” perk. Since the key benefit is that the number of Rewards is limited, it may be difficult to qualify as a limited edition if the Rewards can be produced or sold in unlimited quantities.
Pre-order - Limited Edition Tips
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4) Funding vs. Pre-Order: A Quick Comparison
5) Frequently Asked Questions About Funding and Pre-orders
What is the difference between funding and pre-orders?
It depends on whether the product, service, or content has been released before.Ifithasn’t been releasedyet, it’s a funding campaign; if it has been released before, you should run it as a pre-order with special benefits. Encore projects also fall under pre-orders because they feature Rewards that have been released before.
What is the difference between a pre-order and the Store?
It comes down to whether the product is available for purchase on an ongoing basis.Whilea pre-orderis a “reservation-based purchase” service that offers special benefits for products, services, or content that have already been released, the Store is a service where funding or pre-order projects that meet the listing requirements are made available for “ongoing sales” on wadiz. Therefore, unlike pre-orders, purchases in the Store are processed and sold immediately upon purchase, and orders for which payment has been completed must be shipped promptly.
Is the settlement process for pre-orders different from that for funding?
There are similarities, but there are also differences.The settlement policy varies depending on which of the threepre-orderbenefits (Korea-exclusive, special bundle, or limited edition) you choose. For funding and pre-orders with “Domestic Exclusive” status, settlement is divided into preliminary and final settlement based on the success amount, while pre-orders with “Special Bundles” and “Limited Editions” are settled exclusively through 100% final settlement. You can find more details in the Pre-order Settlement Guide.
Can I run another pre-order project based on a project that was previously successful?
Yes, you can. However, you must include new special benefits that differ from the previous campaign. If your pre-order project meets the store listing requirements and supports ongoing sales and fast shipping, you may also consider listing it in the store.
Can I run a pre-order project and list my product in the Store at the same time?
Yes, you can.Even if the rewardsare the same, you can run it as a pre-order if there are special benefits, or list it in the Store if fast shipping is available. However, if you’re a maker running a project on wadiz for the first time, you can only join the Store after the project ends. This is because to join the Store, you must have run at least one funding or pre-order project.
How can I tell if my project is eligible for pre-order?
Review the type test and guidelines to confirm whether the Rewards you’re preparing include a “special benefit” exclusive to wadiz. If you submit a project as a pre-order but the benefit isn’t recognized as a special benefit, your project may be rejected.
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