Month: July 2016

crowdfunding portals

Crowdfunding Portals – A Peek Into

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Crowdfunding has become a new way to get funds for a project or business venture. Startups, companies, artists, nonprofits, etc. most of the sectors nowadays are turning towards crowdfunding for funds. Getting money raised through crowdfunding is not a piece of cake and there is a very fierce competition in the crowdfunding industry.

Though there are many factors which decides the success of the crowdfunding campaign, the most important one has to be choosing the right platform among the various crowdfunding portals. There are many crowd funding portals or platforms which have been created in the recent times. These crowdfunding portals acts as a medium to reach a large number of contributors. Crowdfunding portals also helps in making the campaign look interesting enough to attract as many contributors as possible.

How to choose the crowdfunding portals?

There are many crowdfunding portals available now and some of them specialize in a particular sector whereas there are others which allow funding of any type of project. The biggest question while going for crowdfunding is how to choose between these crowd funding portals.

There are many crowdfunding portals which have different features and specialty. It becomes very important to think thoroughly about the crowdfunding portals before starting the campaign as choosing the wrong crowdfunding portals can lead to failing in reaching the people who could back the project.

The most important thing to do before choosing a crowdfunding portals is to be clear about the expectations from the campaign that is, the amount of money to be raised from the campaign and also the time required to do it. It is also necessary to figure out the type of crowdfunding which will be the best for the campaign and the crowdfunding portals which focuses on that type.

It is advisable to research on the history of that crowd funding portals and see its track record. It is important to know the number of projects the crowdfunding portals have funded and also the ones which have a similar idea. It is also beneficial to go through the failure stories of the crowd funding portals so that an individual can know about its shortcomings.

The next thing to look for while choosing among the crowdfunding portals is their marketing as well as administrative features. It is also beneficial to go for the crowd funding portals which have a good customer service feature as they can be a good guide throughout the campaign.

Also, the help in marketing can help publicize the campaign more and more. The portals having these features can help save a lot of time and take some burden off an individual’s shoulder. The sites having a good social media integration is preferred as this will help share the campaign more easily on the other social media sites.

For new entrepreneurs who are trying to launch their startups or businesses, it is advisable to look through the fees asked by the crowdfunding portals. Usually the fees is 7-8% of the total money raised, but it is advisable to go through the fees section carefully. Choosing a great platform for the campaign is really necessary for its success and devoting some time and hard work will guarantee the success of the campaign.

crowdfunding business model

Crowdfunding Business Model – Step by Step to Success

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Crowdfunding has become a great and new strategy to get funds for a project and business venture where small amount of money is pooled in by a number of contributors through online medium. With the increase in the number of project trying to raise funds through crowdfunding, the competition in this field is getting fiercer day by day. Therefore, it becomes very important come up with a strong crowdfunding business model. A strong crowdfunding business model will ensure that everything about the campaign is well planned out. This crowd funding business model will also act as a guide for the whole campaign.

What is a crowdfunding business model?

A crowdfunding business model is a prototype of the campaign and helps to make sure that everything is the campaign is well planned. A crowdfunding business model will serve as a step-by-step guide of the campaign to launch the project and business venture. The crowdfunding business model will also be helpful in keeping a track of the progress of the campaign and present the details of the campaign to the contributors.

The crowdfunding business model will have all the important details and plans for the campaign and the business venture and can always be used as a reference. From the objectives of the campaign to the management strategy, all the crucial details of the project can be planned out in the crowdfunding business model.

There are many advantages of coming up with a good crowd funding business model. The crowd funding business model can help in reviewing the idea of the project or business venture and also help in making some customization to the idea. It can be useful in removing any shortcomings which the idea might have. Once the idea and the crowdfunding business model is free from any shortcomings, it won’t be very difficult to get funded as half the work will be done.

Another great advantage of a crowd funding business model is that it will help in figuring out the amount of money that will be needed for the project or business venture. Instead of going with a rough estimation for the goal, it will be beneficial to plan everything about the campaign and then get an estimate about the whole project. A crowdfunding business model will help to consider all the hidden costs and the potential money for the campaign.

A crowdfunding business model is also helpful in analyzing any sort of obstacles which an individual might come across during the campaign and help in being prepared for it beforehand. Another thing which a good crowd funding business model can help in is analyzing the potential contributors. Along with a great idea, it is also necessary to make it attractive enough for the investors to contribute in. A crowdfunding business model can help to come up with a good plan for publicizing and marketing the idea which can help attract a large crowd.

Having a well-planned and a strong crowd funding business model can increase the probability of making the campaign successful and also ensure that the money that is raised is used judiciously.

Crowdfunding projects

Crowdfunding Projects – From Inception to Success

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Crowdfunding has become a great way to raise funds for many things now. Even the traditional industries like real estates, etc. are turning to crowdfunding for money. Sometimes a person has a great idea, but there is no way to gain financial support. One can always turn to crowdfunding to raise funds for their project or idea. Crowdfunding projects is a great alternative to other methods of getting financial backing. Crowdfunding projects has gained a lot of popularity in the recent days and there has been a lot of competition for crowd funding projects. Going for crowdfunding projects can be very beneficial for small business owners or average entrepreneurs.

Is Crowdfunding Projects beneficial?

Crowdfunding projects can be a good way to get the project or idea started, but according to some experts crowd funding projects may not be such a great idea. Crowdfunding projects can be very time consuming and while going for crowdfunding projects, an individual has to keep a balance between the existing customers and publicizing the campaign. Crowdfunding projects can lead to a lot of workload and if a person is not ready to be in control of all the logistics, their campaign can fail miserably.  Crowdfunding projects an even expose an individual’s idea to plagiarism. It also makes a person answerable to many contributors who will want to know where their money is being used and the progress of the project.

If an individual thinks that crowdfunding projects is the way to go about gaining funds for his project, then creating a strong campaign is very necessary. The crowdfunding campaign needs to be a strong one to increase the traffic on the crowd funding projects page. Crowdfunding projects doesn’t guarantee 100% success, so spending as much time as possible to strengthen the campaign is necessary. It is very important to have one’s campaign better than other competitors. Before starting the campaign, an individual should analyze who the major contributors in the crowd funding projects will be. It can be anyone from the huge network of family, friends, relatives, colleagues, etc. It is then necessary to think who will be interested in contributing in the crowdfunding projects apart from them and then create a campaign to attract this audience.

Choosing a right platform for the campaign is necessary and proper research about the crowdfunding site is important. A person can always go through the success as well as failure stories of that site which can help gain insight about the strong and weak points of the site. Planning the campaign thoroughly before starting it is also a good idea. An individual should always choose his goal carefully and also think carefully about the time required to achieve it. Devoting a lot of time in the campaign is one of the key to the success of that campaign.

Once the campaign is live it is important to publicize it through different social media sites like Facebook, Twitter, LinkedIn, etc. Along with trying to grab the attention of new contributors, it is important to keep the existing ones engaged. There are many sites like Kickstarter, Indiegogo, etc. which provides a great platform for the campaign.

Crowdfunding Charity

Crowdfunding Charity – Serving the deprived

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Crowdfunding has been on rise lately. With everything and every project trying to get crowdfunded nowadays, people have forgot what purpose crowdfunding served initially. Crowdfunding was started as a means to be an online fundraising platform that is, to be used as crowdfunding charity.

Crowdfunding charity can be a great way to raise funds for a cause or organizations as it helps to reach a wider audience through the online platform. Crowdfunding charity can turn out to be a great opportunity for everyone, but it does matter how an individual choose to use it. Crowdfunding charity has been a revolutionary change in the field of fundraising.

Is Crowdfunding Charity beneficial?

Crowdfunding charity can prove to be a great alternative to other methods as it helps to reach a wider audience so that the campaign can gain as many supporters as possible and raise as much funds as possible. Along with raising funds, crowdfunding charity can serve as a great platform for spreading the cause of the crowd funding charity campaign. It can be used to create awareness about the issue or cause regarding which the crowdfunding charity campaign is about. It will help to reach a large number of people who can contribute in the crowd funding charity campaign as well as get aware about the social cause.

Crowdfunding charity allows an organization to create a main page for their work and they can have small linking pages of their supporters who are trying to spread the cause to more people. An individual can also create the page on behalf of the organization. The best thing about crowdbfunding charity campaign is that it helps to have a one-on-one interaction between the organizer and the contributors. This way an organizer is able to explain the cause more effectively to the contributors. This can help the crowdfunding charity campaign gain more supporters as well as funds.

It is of vital importance that the contributors are aware of what they are contributing in. It can prove to be very beneficial for the crowdfunding charity campaign to let the supporters realize the impact of their contribution in the crowd funding charity campaign and how their contribution has helped to improve the situation. Providing some incentive to the contributors is also sometimes helpful for the crowdfunding charity campaign as it helps to keep them interested in the campaign. Everybody likes to contribute in a campaign in which they can get something in return for their contribution. A certificate or a token of thanks for their contribution in the crowdfunding charity campaign will suffice.

There are many crowdfunding sites available today which focus mainly on crowd funding charity. These crowdfunding sites helps to make the campaign look as interesting as possible so as to garner the attention of a large crowd. These campaigns can also help an organization gain new members who can be part of their team and can carry out the fundraising work in different cities as well. Though crowdfunding can be very time consuming, but it can help to raise funds for a cause in an easier way and reach out to a large crowd.

crowdfunding basics

What are some of the Crowdfunding Basics?

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There has been a lot of talks about crowdfunding lately. People in every field are opting for crowdfunding as a way to gain funds for their projects, idea or business. Before choosing the crowdfunding option, it is important to be clear about some of the crowdfunding basics. The first crowdfunding basics a person interested in crowdfunding asks is what exactly crowdfunding is. Crowdfunding is a new way through which an individual can raise funds or get financial support from people through online platform. Another important crowdfunding basics is to learn how to begin a crowdfunding campaign.One should know about the crowdfunding basics before starting the campaign.

Some crowdfunding basics to follow:

Crowdfunding nowadays are mostly done through the medium of crowdfunding platforms. These crowdfunding platforms are the fundraising sites which helps a project to reach a wider audience and also helps in improving the visual aspects of the project.There are many helpful bogs available nowadays which can be helpful in getting information about the crowdfunding basics. It is very important to get updated about all the crowdfunding basics before beginning the campaign. These crowdfunding basics are the ones which can help in the making the crowdfunding campaign a success. The crowdfunding basics can guide an individual step-by-step to create their campaign from scratch and also make it interesting enough to attract contributors.

Before thinking about the crowdfunding platform, it is necessary to know about another crowdfunding basics that is, the types of crowdfunding. There are basically three types of crowdfunding. They are equity crowdfunding, donation-based crowdfunding and reward-based crowdfunding. In equity crowdfunding supporters contribute in a business in exchange for shares in that project or business venture. In Donation-based crowdfunding the supporters don’t get anything in return and it is mostly for charities or causes.  The last is reward-based crowdfunding in which supporters are given some king of reward for their contribution.

The most important crow dfunding basics is to thoroughly research about a platform before choosing it. These crowdfunding platforms are very important as it is the place where people come to know about the project idea. One more important crowdfunding basics would be to provide an incentive for the supporters to keep them interested in the crowdfunding campaign.

Before starting the campaign, it is important to set a goal for the campaign that is, how much money is to be raised by the campaign. It is an important crowd funding basics because some crowdfunding site only lets the person keep the money if the goal is reached. It is also necessary that the goal that is set is not too low also. It is disappointing for a person to realize after the campaign has ended that they have underestimated the worth of their campaign by choosing a low goal.

Another important crowd funding basics is to make sure that the campaign is getting all the publicity it needs. An individual should try to publicize their campaign on as many social sites as possible as this will increase the visibility of the campaign and attract more contributors. There are many crowdfunding platforms available today, but it is advisable to go for the one which has a good customer support so that it can help in clarifying any doubts regarding the crowdfunding basics of the campaign. There is one crowdfunding basics which every individual must take care of that is, to devote as much time as possible in the campaign and pay attention to all the crowd funding basics they have learned and execute it properly in the campaign to make it a success.

crowdfunding blogs

What are crowdfunding blogs?

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Crowdfunding industry is growing and changing day by day. It has become a new and a better way to raise money for a project or business venture. With its growth, the competition to get funded is also increasing day by day. It is very important to keep oneself updated about all the news regarding crowdfunding or get some information about how to plan things in crowdfunding. That is where crowdfunding blogs come into the picture. These crowdfunding blogs help in keeping tabs on all the latest development taking place in the crowdfunding industry. In fact, crowdfunding blogs are of great use when an individual is uncertain about how to go about some things in their campaign.

Are crowdfunding blogs beneficial?

The crowdfunding blogs are a new way through which a person can keep themselves updated about what really is going on in the crowdfunding world. These crowd funding blogs help in knowing the important information which makes it possible for an individual to have a successful campaign. Through these crowd funding blogs, an individual can know about other people’s success stories and draw inspiration from them. They also get to know some failure stories and can try to learn from their mistakes so that these mistakes are not repeated in their campaign. To be the part of the ever-changing crowdfunding industry, it is important to keep up with these crowdfunding blogs.

There are many crowdfunding blogs nowadays which are trying to bridge the gap between those campaigns that have a successful story and the campaigns which haven’t started yet or had to face failure. These crowdfunding blogs try to guide individuals by publishing interviews of some successful crowdfunding campaign, articles of these projects, etc. Crowdfunding blogs keep an individual updated about the latest trends and news about the crowdfunding platforms. Going through these crowd funding blogs daily can help to determine the various options available and also the things that a person needs to pay attention to. These crowdfunding blogs also tell the development and scope of crowdfunding and what good options one can have in the future.

Along with keeping a person updated about the latest development in the field, crowdfunding blogs also helps in learning certain strategies, tools, plans, etc. to improve the possibility of a good campaign. These crowd funding blogs will also give all information about the marketing strategies and social media knowledge one needs to have to publicise the project or business venture. These crowdfunding blogs can also give an advice on the simple tricks which can be used instantly in the crowdfunding campaign. These blogs can also guide a person step-by-step regarding their campaign. From the crowdfunding platform,a person should choose to the way they should portray their ideas, all the information can be acquired from the crowd funding blogs.

Nowadays even the most traditional businesses like real states and banks have turned to crowdfunding for funds, so it is of great importance that information about crowdfunding is available easily on the internet. Crowdfunding blogs can be very useful for small time entrepreneurs and individuals trying to start their own startups as a little advice on how to begin can be really beneficial for them.

crowdfunding a wedding

Crowdfunding a Wedding – Share the Expenses

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Recently the crowdfunding industry has seen a tremendous growth with almost everything getting crowdfunded. One recent trend which has begun in crowdfunding is the crowdfunding of wedding. People are now also using the crowdfunding platform for raising funds from contributors all over the world for crowdfunding a wedding or for their honeymoons. There have been many cases recently in which a couple has used the crowdfunding a wedding option. Though the traditional ceremonies have lost their essence, but is crowdfunding a wedding a right thing to do.

Is crowdfunding a wedding beneficial?

There has been a long debate on whether crowdfunding a wedding is the right thing to do or is completely wrong. There are many people who side with the second opinion. If one is thinking about crowdfunding a wedding, first it is important to decipher whether it is necessary or not. If an individual is thinking about crowd funding a wedding because of an unavoidable or unforeseen circumstance which doesn’t allow them to have a wedding with even an intimate gathering, then crowdfunding a wedding is a good alternative for them.

There are some cases of crowdfunding a wedding where people have chosen this crowdfunding a wedding option because they were not able to afford the dream wedding they deserved or the perfect dress they wanted. These people need to realize that crowdfunding started as a fundraiser for individuals who are in need of the money for something which can help the society. Even if a person is having a very genuine reason for crowd funding a wedding, one needs to remember that there will hardly be any stranger contributing for it. It will mostly be their network of friends, family, acquaintances, etc.

Crowdfunding a wedding may also not go down well with some of the relatives or friends. Even for attending a wedding a lot of money is required. Flight bookings, hotel, etc. are itself expensive and expecting a guest to contribute in the payment of a wedding they have been invited to is just asking too much. Also, it goes without saying that don’t expect them to bring a gift along with them. If a person feels that they don’t have enough money for their wedding, they can always postpone it to a later date and try to save money by using other methods.

However, if crowdfunding a wedding is the only option left, try consulting and telling the family members and friends about the crowd funding a wedding campaign first. They will be the most loyal contributors to the campaign. Some people might even think that this is a good idea for a gift and will be more meaningful to the wedding couple.

The crowdfunding a wedding campaign should be as personal as possible. It is preferable if a person shares their love story and why they chose crowdfunding a wedding option for the wedding along with adorable pictures of the couple. It is also helpful if a person posts regularly about the proceedings and preparations of the wedding and how the money of the contributors are being used. It is also important to choose the right platform for the crowd funding a wedding campaign which can help in raising the funds for the wedding.