Saturday, 21 March 2015

Choosing The Best Crowdfunding Site For Driving Your Project

By Lelia Hall


In the present times, most start-up projects tend to die off without accomplishing its purpose due to funding problems. We are going to look some ways in which you can choose the best crowdfunding site to ensure you achieve your dreams. Every person desires to see their dream come true but devoid of funds, it can be a challenging venture.

The world is so materialistic that sometimes you need a great deal of money to begin. At the crowdfunding sites, you will tell people of your ambitions, and they will donate money and fund the project. As a result, you should cheer up and learn how you will convince others on these websites to get enough money to start using.

Many people may wonder how these websites work. It works such that persons with common interests fund both business and personal with their money through donation. The advantage of using this method for generating money is that the sites do not charge you anything until you have raised something, so they take the commission. It also gives your idea a great platform for publicity for free hence you have nothing to lose.

One of the websites is Kickstarter. It has helped launch over 60000 projects and helped raise more than 200 million dollars. The site accepts funding for all projects except scholarship, charity, vacations and awareness campaigns. And the people who have benefited from these funding totally deserved it. The process of registering is quite simple because it just needs signing up for an account in which you fill out the information regarding your project. Also, ensure that, all details about your project are right so that the admin can have an easy time reviewing the projects for easy acceptance of applications.

Kickstarter has some special features that make it successful. First there is a backer reward where you make a small prize for backers whom you will reward when you have succeeded in your funding. You are only charged five percent commission for the projects that have succeeded. Afterwards, Amazon Payment processes the funds after the crowdfunding procedure has been successful. The site is exclusively for US citizens since you need a social security number for registration.

The next website is the IndieGoGo that means independence. It is also another helpful site that will help you raise funds for your personal projects. It works more the same way as the Kickstarter so you will find it easy to use if you have used Kickstarter before.

The main difference between the two is that IndieGoGo allows charity donations, and Backer reward is a bonus. Another thing to note is that, you can get funding despite being a U. S resident or not. It uses Paypal to pay out the funds raised by respondents. They are little charges made for credit card processing, raised fund fee and wiring fee for non-resident U. S citizens.

Finally, when it comes to being successful on these sites, you must have a proper strategy. You must know the site for your project. Be wary of the charges and fees that you fork out and put reasonable goals. It is a marketing campaign hence you must be very convincing so that it can go viral on every social media site to gain the interest from as many people as a possible.




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