Wednesday, April 1, 2015

How To Choose The Best Crowdfunding Site That Drives Your Dream Project

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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 full of materialistic people such that most of the time; you need a whole lot of cash for a startup. At crowdfunding sites, you can explain to individuals about your ambitions, and if they are convinced, they will fund your project. Therefore, you ought to learn about persuasive language and how you will use them for the funders to be convinced.

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.

Kickstarter is one of these websites. It is among the best since many people have been able to raise more than 200 million dollars for more than 60000 launched projects. All creative projects are normally accepted excluding charity, vacations, scholarships, and awareness campaigns. And an important thing to note is that, those who got the money deserved it. Registering for the site if simple since it just requires signing up for an account then filling in details about your projects. Also, make sure that, you fill in all details so that the admin can review it so that they can determine if they can accept the application or not.

The backer reward is a great feature that Kickstarter has. It entails creating a small incentive for all backers whom you will give some money after your project has received successful financing. You are just charged only a fee of five percent on every project that has succeeded. After the success, Amazon Payment processes the funds raised for you. Additionally the website works entirely for US residents since you ought to have a Social Security number for registration.

Another site is IndieGoGo that refers to independence. The site is helpful in raising funds fro projects. It works more the less the same us Kickstarter and so it will be easier to use especially if you have worked with Kickstarter.

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.

In conclusion, you require a good strategy for your project to be funded by these sites. Choose carefully the site that fits your project and take caution especially on fees that sites charge. Also, put up reasonable goals that will help market your project. And lastly, use convincing language that will help your idea to go viral on different social media platforms.




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