Even though there are few Kickstarter like companies already active on web, there is still scope for crowd funding websites based on unique ideas and business models. Looking to start your own Kickstarter and Indiegogo like Crowdfunding website? Just an extraordinary crowd funding business idea is not enough if you want to start your own crowd funding website and make profits. Keep below mentioned points in mind while creating your crowd funding site and give competition to the likes of Kickstarter and Indiegogo;.
Look at any of the above listed websites, and you will discover that all inspire confidence and trustworthiness. A poorly made crowd funding website raises suspicions in the minds of pledgers and investors. That is why best crowd funding websites have impeccable user interface. In case you are creating a crowd funding website with a Kickstarter clone script, then, make sure that it promises a great website design. Hire a user experience design pro to help you with your website. Here is a classic example of a confusing crowdfunding website:.
Also Read: things that make a website generate sales. While Crowdrise is a website where you can launch fundraisers on the causes you care about, Healthfundr is a platform that lists opportunities to invest in health sector. There are various other crowd funding sites that cater to the funding needs of a specific industry. Starting your own crowdfunding website with a specific community in mind will make you stand apart and avoid direct competition with the likes of Kickstarter.
To make your new fundraising website popular and gather initial user base quickly, it is important to undertake online marketing and promotional activities.
Rather than investing all your resources on one marketing method, diversify and get the best of all. Also Read: How to use paid and free online marketing mediums effectively.
You are well aware that you are not the first company to come up with a crowdfunding platform. Thus you should be thinking how you can offer something unique to the startups to feature their business idea on your website. Offer innovative options that go beyond displaying a video and uploading content and images about the project. The startups are looking for a marketing platform and real life mentors who can guide them. Try to build a platform where they can interact with their mentors and investors in real time.
You can also offer something like a store where they can sell or collect pre orders for their featured product like CrowdSupply. Plus, there are zero personal campaign funding fees for those based in the United States. This site is a good option if your fundraiser goes towards a service-based cause, such as medical needs or emergency relief. It offers both equity capital and credit financing. It provides a platform to network with experts, retailers, and entrepreneurs.
The company is best for entrepreneurs who are looking to scale as opposed to develop their ideas. With LendingClub, you get your loan with a 6 months to 5-year term, according to its website.
Interest rates can be high depending on your credit score—the total annualized interest typically ranges from 9. In other words, you should be in good financial health. Basically, crowdfunding is just raising money online from multiple people to fund something. Businesses and individuals participate in crowdfunding to raise money. Crowdfunding works by having multiple people individually contribute a small amount to a project, a new business, or a cause.
Instead of having just a few investors fund the venture, crowdfunding allows a lot more people to give a little bit of money. There are three types of crowdfunding:. Different crowdfunding sites charge different amounts. Make sure to read about all of the fees charged by the site before signing up. Crowdfunding sites can be a great way to raise a large amount of money in a short period of time.
However, the fees can add up, so you want to make sure it's worth the cost to use the site. If you have a popular product or cause, a piece of content that went viral, or a large social media following, then it may be easier to justify the expense. Keep in mind that you need to raise awareness of your crowdfunding campaign so people can donate. We researched and reviewed the most popular crowdfunding sites to narrow it down to our top picks.
We selected the very best crowdfunding sites based on their features, their track records, their number of users, what type of crowdfunding they offer, their costs, and more.
While Kickstarter leads the pack, there are platforms out there that could be better suited to your specific goals. An international crowdfunding site where anyone can raise money for film, music, art, charity, small businesses, gaming, theater, and more. WeFunder is an equity crowdfunding platform that allows creators like you to raise capital for their startup projects in exchange for stake in the profits.
FundRazr is a Canadian crowdfunding site and Facebook app first released in Pozible is an Australian crowdfunding platform and community-building tool for creative projects and ideas.
It was developed to help people raise funds, realize their aspirations and make great things possible. See more information about their fees here. Ulule is a European crowdfunding platform that enables you to discover original projects and products.
Plus, Bonfire handles payment processing, order fulfillment, and customer service so you can focus on raising the money you need. Fundable is a crowdfunding service like Kickstarter that caters specifically towards entrepreneurs and small businesses like us here at Techboomers! It also has various consulting services that can help companies get their fundraising efforts off the ground. This Australian-based crowdfunding platform is similar to Kickstarter, in that it only pays projects that are successful in meeting their fundraising goals.
Another Kickstarter competitor, FundAnything is similar to Indiegogo.
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