Moniker Guitars On Building A Business Through Kickstarter

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What does it take to become a Kickstarter success? First you need a great product. Then you need a plan for the future. Luckily, Austin-based Moniker Guitars had both.

We first covered Moniker back in March when founders Dave Barry and Kevin Tully had already created a small guitar shop and wanted to expand into custom git-fiddles. They built a unique guitar customizer to allow buyers to add colors, designs, and logos, and hundreds of sales later they’ve moved from Kickstarter darling to actual startup.

Since launch, the company has sold and built 43 guitars through Kickstarter and they have built a growing and expanding manufacturing business. In fact, they’ve built “several hundred” guitars since launch, including a special TC model in crazy green.

“Kickstarter has been a huge boost in growing our business,” said co-founder Tully. “In addition to providing crucial funding to make several of our product lines possible, Kickstarter has been one of the better marketing decisions we’ve made as a business; which was a little unexpected.”

The company has used crowdfunding as a platform for customer acquisition and fan-base building. They were also able to build new product lines.

“It was enough to launch our line of semi-hollow body guitars,” said Tully. “However, we still need to be aggressive about getting our product out in front of people and letting them know we’re here. I learned that everything is going to cost twice as much and take twice as long as I thought it would. But patience is a virtue, and we’re seeing the results of our hard work and patience and it’s incredibly fulfilling.”

Moniker Guitars Crowdfunds Its Way Into Business

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When we last saw Moniker Guitars they were trying to raise $50,000 to fund a custom guitar business. Now, three months and $60K later, they’ve beaten their goal and are now selling their axes online.

The biggest differentiator at Moniker is their online guitar configurator that lets you create your own custom ax in any shape, color, or style. They’re also adding graphics and text, should you want to put your bands name boldly on the body.

The founders Kevin Tully and Dave Barry were looking for backers to help fund the first few fiddles off their assembly line. Now they’re offering entry-level models for about $900 and, depending on your paint job and parts you request, they can run into the $1500 range. However, given that this is a custom, hand-made guitar build by two dudes in Austin, Texas, it makes at least a little economic sense.

What’s truly interesting, however, is that the company is almost fully crowdfunded. They launched in 2012 and this initial investment pushed them into business. Whereas the traditional guitar maker would probably have to get a loan for parts and equipment, Moniker simply asked customers to pre-order, create a great product, and raised capital for sandpaper and saws without bank involvement. It is, in short, a brand new way of building a business. It’s not the first crowdfunding success stories by far, but it’s certainly one of the coolest.

In fact, it’s heartwarming enough to make you want to play a power ballad on a crowded tour bus while swigging Jack Daniels with four other men with questionable taste in hairstyles.