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.

Our world has developed to materialistic such that you require lots of cash to start. In crowdfunding sites, you have the chance of telling other persons your ambitions, and they can reciprocate by helping fund your project by donating cash. As a result, you will have to learn how to use persuasive words to convince the people to help you fund the project.

The websites work such that, persons who have common interests come together to fund both personal and business projects using their funds by donating. The benefit of using this means of generating money is that these websites do not charge any amount of money until you have already raised some money. Moreover, you idea gets an excellent publicity free of charge and boosts your courage to pursue it.

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.

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.

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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