Choosing The Best Crowdfunding Platform

Choosing the platform to host your crowdfunding project can make or even break your chances of success. With a lot of crowdfunding platforms to select from, it can be a hard task researching the strengths, success rate, weakness and general reasons why you should choose oneover another. There are those that simply offer an ecommerce stage to collect fund while others have a robust educational mechanism to help project creators on their journey towards crowdfunding success.

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Keep everything that you raise and control cash outs. There are sites that are going to charge you a high fee for not attaining your goal or worse, they will not let you keep the funds that you raised until you meet your goals. Search for awebsite that will allow you to keep all the cash that you get and does not penalize you for not hitting your goal. You need to find out if you have to wait until the campaign comes to an end to get your funds of if you can cash out along the way. This is vital to know if you will be running a long campaign or if you end up having expenses throughout.
There should be hands on customer support and ease of use. Ensure that you get the assistance you need setting up your page and marketing it. It is also vital to make sure that thewebsite is easy to set up and customize whether you are knowledgeable about websites or not. Search for online tutorials and guidance. As you will be getting started, get in touch with customer support team to ensure that the site is responsive, timely and they are ready to offer you the support that you need.
Find a platform that is going to work the hardest for you, one that will save you time, money, is streamlined, is visually appealing and works well. You should be able to post offline donations to make the thermometer rise even when the money comes in through check or cash. All donations have to count. You will also be able to have a comprehensive donor database and be completely transparent with the community. Search for tools that will allow you to integrate with offline fundraising events such as ticket sales. Another essential thing is receipt customization that will let youaddtax deduction information to save you the hassle on following up mailings.
Customizing your site is going to put your story to life and make it a lot more outstandingand important for potentialdonors. Look for a platform that will give you thechanceto put a trademark on your campaign and has multimedia functionality and offers a donation registry. This registry is the best way to itemize and accept donations for a specific need. Opt for platforms that do not have deadlines, project approval requirements or restricted access to data in regard to your supporters. There are sites that will not give you such flexibility. Crowdfunding is able to do much more for you than simply raising money. It will help you to grow your email list, increase engagement and also change the culture of giving. Do an evaluation of your strategic objectives and needs to help you select the right platform.
Kickstartercaters for creative projects such as games, films, design, technology and art. It is full of innovative, ambitious and imaginative projects that are brought to life through the direct support of people like you. There are a lot of projects that are funding on kickstarter at any given time. Each project is create and crafted by the person that is behind it. The musicians, artists, filmmakers and designers that you see on this platform have total control and responsibility over their projects. They spend a lot of time building their project pages, taking their videos and thinking of rewards they can offer backers. When they are ready, a creator will then launch their project on the site and share it with the community.

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All project creators have their project funding goals and deadline. If people are pleased with the project, they can pledge funds to make it happen. If the project is able to succeed in attaining its funding goals, the backers credit cards will be charged when time expires.
Everything that is on Kickstarter has to be a project. Projects have clear goals such as making an album. The project will be completed and something is going to be produced by it. Kickstarterdoes not allow projects to fundraise for charity or offer financial incentives.
Indiegogo is one of the most popular platforms out there. It makes it possible for people to crowdfund their campaigns from any part of the world therefore eliminating geographical restrictions. There is a donation based flexible campaign model where you can choose to keep contributions even when the campaign does not attain its goals provided you are able to meet your backers rewards and promises.
Indiegogo offers a wide range of categories such as art, animals, dance, education, environment, film, gaming, video, writing, small business, politics, religion, food and theater among others.
Gofundme allows users to come up with their own website and describe what they are raising money for. During this process, members can describe the cause of their fundraising, the amount they wish to raise and upload photos or videos. When a website is created, the platform allows users to share their projects with people through social media and email. People can then donate to a users cause via the website and track the progress of their funding. Those who donate can also leave comments of thepagein support of the project.

 

GoFundMe.com generates revenue by deducting and eight percent fee from each donation users get.
Go fund me has a section that is meant for people who are trying to raise cash to cover their tuition costs.As seen above, those are some of the things you need to take into account when looking for a platform to host your project as well as an explanation of how three different platforms work.

 

Read more from our crowdfunding knowledge base