CustomerHelp, Author at MyeFunder

Crowdfunding on Facebook

March 23, 2016March 23, 2016 CustomerHelp Leave a comment

Crowdfunding fever is slowly gripping the world. Everyone whether involved with a small project or a big one is trying to bank on the idea of crowdfunding. It has turned into a worldwide phenomenon which has gripped most of the online investment fraternity. More than fundraising another term which has more weightage is crowdfunding platform.

Crowdfunding platform is a commission based fundraising way. Crowdfunding on Facebook is another way in which one can effectively raise funds without giving any fees. Even projects which are campaigning on funding platforms are finding their way to crowdfunding on Facebook. Crowdfunding on Facebook could be brought into fruitful use with easy hacks. This article explores on making crowdfunding on Facebook an event to cherish for a lifetime.

Implementing a successful Crowdfunding on Facebook

If we go by the word of people having experience in the crowdfunding field, it could easily tell us the importance of keeping your project in momentum using all possible windows of communication is a good thing to do. Crowdfunding on Facebook is one such window and the following ways could help popularise your project in more than one dimension.

Permit to advertise: This is a very good method to popularise your project while crowdfunding on Facebook. Allowing your project fans to share your project campaign page on their Facebook page boosts the potential of crowd funding on Facebook.
Events unite people: Organising events on Facebook is yet another way to make crowd funding on Facebook a topic for acute interest. Gathering common public to an event like pub or bowling arena not only makes your crowdfunding on Facebook popular but also lets them know about you, who is the originator of the crowdfunding project.
Contests also helps: Holding a contest on Facebook for crowdfunding of helps the campaign in a similar and positive manner as organising events do. A dynamic contest does even better. A dynamic contest is the one whose rules keep on changing and this keeps the interest of associated people always intact with the crowdfunding campaign and lets them involve more and more people.
Keep updated: Regular updates of the crowdfunding project on Facebook is an essential part of crowdfunding on Facebook. It makes the supporters of project feel important to the project. Posting updates on Facebook while crowdfunding on Facebook makes sure that the backers of the project never move away and always feel confidence in it.

Crowdfunding on Facebook is a virtual front which one can use for crowdfunding their project. According to some experts from the field of crowdfunding, crowd funding on Facebook can give an exceptional advantage to the crowdfunding project, but one should never leave the actual mouth to mouth publicity at bay. Associating with real people in real world is far more fruitful than any other ways built to do so. However, this article still tells enough reason to for crowdfunding on Facebook for any individual and make it an exemplar one for others to follow the course.

Crowdfunding Demographics: Statistics to Know

March 22, 2016March 22, 2016 CustomerHelp Leave a comment

Crowdfunding has emerged as one of the powerful tools of financing in the modern world. Individuals and organisations from all genres are flocking into the crowdfunding phenomena. This rising phenomena has turned out to become a worldwide phenomenon, hence experts are showing keen interest in crowdfunding demographics. Crowdfunding demographics is surely giving more than one reason to entrepreneurs for applying it. The crowdfunding demographics mentioned here is the consolidated study of the crowd backing of projects on famous crowdfunding websites like MyEFunder, Indiegogo and Kickstarter.

Advantages of crowdfunding demographics

The crowdfunding demographics is an elaborative way to assess the usefulness of a crowdfunding website for capital raising. Even, the performance of projects,sector wise could be easily calculated with crowdfunding demographics. Crowdfunding demographics means representation of fact in numbers and numbers speak for the cause themselves. While attempting crowdfunding these days’entrepreneurs have the past data of crowdfunding with them which helps them to choose best for their project.

The crowdfunding demographics discussed here comes from the most reputable company in this field; Quantcast. Here Quantcast gives the statistical data evaluation of crowdfunding users only from the US base.

Crowdfunding demographicsfor people who serve as audiences based on

Gender: According to the data, men are easily lured by crowdfunding website while women are a bit hesitant in doing so. However, they seem to catch up men sooner or later. On Indiegogo, they nearly share 50:50 ratio with men on a bit higher side while on Kickstarter the male to female ration is 70:30.
Age: Crowdfunding Demographics of age indicate a greater participation of people aged in between late 20’s to early 30’s. These people are a balanced mixture enthusiasm and experience, hence are able to understand and fund the advertised projects efficiently.
Education: According to crowdfunding demographics most of the funds are ingested from different categories of both the website. On Indiegogo, mostly the funds come from people who do not go to college while on kick starter they come from people who are currently in college.
Income: For Indiegogo, it is the people with an income less than $50K who are most enthusiastic about funding and the same trend follows on Kickstarter also. It seems low income grade people are keener to experiment with new options of investment.
The mobility of internet: No doubt, the smartphone has taken the digital fraternity by storm. With it the internet has found mobility with speed. Owing to this there is paradigm shift in the way audience lookup for crowdfunding projects and invest in them. Mobile apps of crowdfunding websites make the investment process easy and under one’s thumb. Statistics of crowdfunding demographics show that 35% of the audiences of Indiegogo and 21% of Kickstarter have already found solace in funding through the mobile version.

Crowdfunding demographics is an easy way to judge the direction in which the ship of crowdfunding is steering. Careful study of crowd funding demographics and thereafter implementation can give better chances to a crowdfunding project to succeed.

Crowdfunding documentary : Tipping into it

March 20, 2016March 20, 2016 CustomerHelp Leave a comment

The concept of crowdfunding

Crowdfunding has been our society for decades. It is the process to generate funds for self or for needs of others.

It has become so popular these days that even in the field of financing documentaries crowdfunding documentary is seen as a promising option. Crowdfunding means getting funds in little packets from a large number of individual and crowdfunding documentary means doing the same for documentary.

The count of the individuals could be anything ranging from 10 people to 100 people; the count however depends of the average incoming funds per individual and the total funds required for documentary to finish.

The need for crowdfunding documentary series from the fact that most of these films are made without any backing from a production house. Also, people who make these films are no doubt highly talented but there are very small chances that they have the inherent funds to make a documentary they intend to make.

Crowdfunding documentary is the most effective way to put all the remaining odds in their favour. Another advantage of crowdfunding documentary is that the idea of the documentary idea gets a public test before its inception. Crowdfunding documentary can be easily facilitated by crowdfunding websites like MyEfunder and Indiegogo and can also be promoted via social circles of Twitter, Instagram and Facebook.

Success tips for crowdfunding documentary:

The Trailer: If you have the confidence in your idea that it will be widely accepted by the crowd, you should start crowd funding documentary with an attractive trailer. This trailer could tell what the documentary will unfold when released.
A campaigning page: A crowdfunding platform should always be taken in the picture whenever dealing with crowdfunding documentary and with it comes establishing an attractive fundraising page for the campaign. This page must contain some videos and photos which hold the hard work behind the documentary.
An aim: A well-thought goal is important to set before crowd funding documentary. The goal must be well-calculated and realizable. This also goes for the fact that most of the crowdfunding sites do not allow to keep the funds if the goal is not reached.
Fix an end date: Funders involved in the process of crowd funding documentary are all longing for the actual film to release.So, the creator must always fix all important dates prior to start crowdfunding documentary. These include crowdfunding documentary ending date, and documentary release date etc.
Gifts matter: Simple gifts or even handwritten personal notes of gratitude would make the funders of the crowdfunding documentary feel important for the film.
Spread the word: Not only via crowdfunding website but every word spread out from social networking sites and mouth publicity would do wonders for the documentary.
Updates are important: Updates on the documentary for the people involved in crowdfunding documentary campaign is as important as anything else in the crowdfunding process. They are indicators of your honest work and also facilitators of funds for your future works.

Crowdfunding commercial real estate goes online

March 20, 2016March 20, 2016 CustomerHelp Leave a comment

Involving in commercial real estate is one the most profitable decision an investor would make today. A more buzzing phenomena in that of crowdfunding. These two are combined together to coin the term crowdfunding commercial real estate. Crowdfunding commercial real estate, although new in the market of crowdfunding still it has managed to gain a lot of pace.

With increase in this pace, there has also been a rise in the number on online crowdfunding platforms. These platforms boast off adding extra flavours of crowdfunding commercial real estate. Wisdom lies in the fact of knowing the features of crowd funding commercial real estate.

Crowdfunding commercial real estate: how stuff works

Typical crowdfunding companies like MyEfunder and Crowdstreet which specialize in crowdfunding commercial real estate not only facilitate to build a crowdfunding campaign over their platform but they can also invest in them if they find the particular crowdfunding commercial real estate opportunity attractive. This investment could range from 1 million USD to 5 million USD.
These crowdfunding commercial real estate deals over the crowdfunding platforms are a result of both ways efforts. The online crowdfunding platforms have agents who are in continuous search of prospective campaigners. On the contrary,prospective campaigners can also search for a crowdfunding platform that matches their crowdfunding commercial real estate
The time for which a crowdfunding commercial real estate campaign is live on a crowdfunding platform is different for different site but mostly it is an average of 30 days. The display time also depends upon how attractive the investors finds the crowd funding commercial real estate to be? Time is increased for more lucrative deals.
Each project before coming live of the platform for crowdfunding commercial real estate, the deal is checked for all aspect of its authenticity. It is also checked for growth options and investment return. All checks are made so that the investors come back to the platform again and again for investment options.
Although the crowdfunding platforms checks all aspects of a crowd funding commercial real estate deals, investors must be cautious and do a cross check on the property more than once. Doing so it will only benefit the future prospects of the investors more than anything else.
Keeping the investors regularly updated about the course of their investment and the real estate property in which they have invested is one of the most important things done by the crowdfunding platforms. This keeps the investors happy and we know that a happy customer is a returning customer.
The crowdfunding platforms also offer debt services to investors who are interested in investing in crowdfunding commercial real estate but find it difficult to gather money for it. The sum is borrowed for a certain period of time at a pre decided rate of interest.

Crowdfunding commercial real estate, link any other form of crowdfunding has found its growth opportunities on online crowdfunding platforms. It has made commercial real estate projects popular to distant places thus increasing the chances of funding. The online picture is also a plus point for investors.

An advisory blog on crowdfunding charity

March 19, 2016March 19, 2016 CustomerHelp Leave a comment

Charity is a noble deed which is done by noble souls and a pinch of crowdfunding added to it gives added rewards to raising funds for charity. Crowdfunding charity has brought in revolution in the field of collecting funds for a cause. Amidst all this, not all crowdfunding charity could bear the deserved fruits in lack of some experts’ advice. Crowdfunding charity can be more rewarding than any other form of fundraising for charity if done under proper guidance and this article comes forth with some useful advice from the experts.

Crowdfunding charity advices on a daily basis

Get the picture clear: Online crowdfunding platforms are the face of crowdfunding business today. Every project which needs crowdfunding including crowdfunding charity has to proceed through these crowdfunding platforms but before doing so, the fundraising party has to have a clear and crisp idea of the cause for which the fund has to be raised. The next job is to campaign on the site so that the whole world knows about your crowdfunding charity. The other things which have to be made clear before crowdfunding charity are to set up target time and target funds to be accumulated.
Team is important: Building a team which is motivated by the charity and willing to work for the charity is another thing which one must try while crowdfunding charity. The team helps the charity through crowdfunding charity by taking it to every member’s individual social circles. While crowdfunding charity goes in to the social circle a descent sum can be collected without spending away in commissions.
Do not get overwhelmed: While setting up targets it is important to set them on realistic terms. Before starting on crowdfunding platform one has to get the concept that it is no magic, hence one has to be real on setting the goals for the charity. One of the problems which arise with false fascination is that most of these sites save a few sites like Indiegogo, revert the funds back to the funders if the goal of the crowdfunding charity is not reached. Indiegogo allows options of flexible funding which allows the party to keep whatever funds they have raised irrespective of the goals set.
Encourage supporters: Supporters who actively support your cause on the crowdfunding site need to be rewarded. The reward could be anything from small memoirs to chocolates which would act as token of thanks. In this way the supporters would feel they are important for charity and someone has genuinely thanked them for the help.
Periodic acceleration is important: The crowd funding charity project gets on the crowdfunding platform with much zeal but for its success it is important to boost the project at regular intervals. This keeps the campaign going on with the same energy as it was incepted.

Before all, the most important thing for the individuals involved in crowdfunding charity is to feel the cause from deep inside of the heart. Involving a lot of people with you not only increases the chances of success of the crowdfunding charity but also gives a lot people reason to celebrate.

Comparison of Online Crowdfunding Platforms

March 17, 2016March 17, 2016 CustomerHelp Leave a comment

Crowdfunding is certainly creating buzz in the field of project funding. The buzz is such far and widespread that a lot of people are finding ways to get successful through the crowdfunding business. This has led to the rise of a large number of crowdfunding platforms and with increase in the flock comes crowdfunding comparison.

A lot of people who want to taste the flavour of crowdfunding are often confused with the choice of crowdfunding platforms, hence arises the necessity of crowdfunding comparison. A crowdfunding comparison in between top notch crowdfunding platforms is a way to help people decide about the platform they use to set up a crowdfunding campaign. A campaigner could be anyone from creative people like musicians, painters to innovators and entrepreneurs.

Crowdfunding comparison between famous crowdfunding sites

KickStarter: Conceived in the year 2009, Kickstarter was primarily associated with people with artistic capabilities. A crowdfunding comparison shows that it is the site that has set up more successful campaigns than any. It is the best option for projects with creative ideas. A fundraising page is what gives a kick-start to the projects and further helps in the crowdfunding process through its blogs and tutorials. However, another crowdfunding comparison fact is that with every project on Kickstarter comes a strict deadline of 60 days, until which if the projected funds are not raised, the collected funds are reverted to the investors.
MyEfunder: Although younger than most of the platforms present in crowdfunding comparison circle, MyEfunder has not left any stone unturned to be in this list. The crowdfunding comparison shows that this crowdfunding platform is an option for all kinds of fundraising be it charity or innovation or creative. It provides a fundraising page and that too for a reasonable price. The platform has within less tie given ample numbers of successful projects.
Microventures: Launched in the year next to Kickstarter, Microventures gives a high probability of success to crowdfunding projects campaigning on the platform. Crowdfunding comparison shows that it is a sturdy bridge in between budding small businesses and investing parties like venture capitalist and angel investors. The drawback however is same as that of KickStarter.
Indiegogo: Indiegogo is a treat for any project till it lies within the law and is ethical. Crowdfunding comparison shows that fundraising on the site is for a period of 120 days. Another advantage of Indiegogo which the crowdfunding comparison shows that it allows to keep the funds raised even if it didn’t reach the deadline. Indiegogo is one of those top notch crowdfunding platforms which are at par with Kickstarter in the crowd funding comparison Anyone with some fruitful idea can find its way on Indiegogo and with correct efforts it might lead to win-win situation for them.

Crowdfunding comparison is helpful tool while assessing the correct crowdfunding site for your project and this correct decision would definitely be the correct step turning your dreams to reality. Happy Crowdfunding for your project!

Launching your company with the help of crowdfunding companies

March 16, 2016March 16, 2016 CustomerHelp Leave a comment

The next big start-up phenomena might be grooming inside your mind waiting for you to unleash it in reality, but in soothe only an idea cannot make the flesh and bones of a company. The finance part in an obvious backbone of any project and it is for this part crowdfunding companies come in the picture. There are traditional ways to get finance for the start-up but owing to their complications and requirements, entrepreneurs find peace of getting finance through crowd funding companies. The rise of funding through crowdfunding companies is on the rise and year 2016 is predicted to rank it above the venture capital’s option of getting funds.

Crowdfunding companies setting up strong roots for start-ups

It is true that getting funds for the start-up is a prime necessity but there are other necessities of a start-up which when ignored could doom it. Crowdfunding has been in the society since ages and people have practised it without the crowdfunding companies in picture. However, the chances of success were quite low in lack of guidance. The present scenario is bit different, these crowd funding companies are not only act as source of crowdfunding but also guide the start-ups through the process. These crowdfunding companies are available right on the computer screen and are often termed as online crowdfunding platform. These crowdfunding companies not only provide easy setting of crowdfunding campaigns, but also give tutorial and provide blogs on successful campaign launch and follow-up. These crowdfunding companies help at every step of a crowdfunding campaign. Building successful relationships with your partners and project investors is other aspect in which crowdfunding companies help.

All above could lead to a successfully crowdfunded project only if one chooses crowd funding companies related to their field. Crowdfunding companies could be of various types depending on the type of project they support and with correct one associated with the project, chances of being successful gets elevated.

Crowdfunding companies offers the way you like it

The choice between fixed and flexible funding is a very interesting feature which some of the crowdfunding companies offer. Before starting a crowdfunding campaign over a crowdfunding platform the monetary goal of collection has to be fixed. If the collection doesn’t reach the fixed amount, funds of investors are returned and the campaign is termed as unsuccessful. To ease these some crowd funding companies offer the perk of flexible funding. The project owner is asked to choose from fixed or flexible funding right at the start of setting a crowdfunding campaign. If opted for a flexible option, they are not compelled to return the investors’ money even if they do not reach their funding goals.

Crowdfunding companies offer more than one can think of. Anyone in search of easy and reliable funding could move to crowd funding companies. Interestingly when one is campaigning over one of those worthy crowd funding companies like MyEfunder and Indiegogo, one comes to know and explore the fact fat that they can offer much more to them apart from cash inflow.

Crowdfunding best practices to indulge in

March 15, 2016March 15, 2016 CustomerHelp Leave a comment

Entrepreneurs and start-up owners are going all gaga over the crowdfunding phenomena. Almost everyone is into practising crowdfunding whether naïve or experienced. However, a very few of them try to pay attention to crowdfunding best practices. Crowdfunding best practices are the ones which could raise the chances of collection of funds through the crowd. With evolving crowdfunding websites, setting up of a crowdfunding campaign is not much of a problem but not following crowdfunding best practices could definitely raise the bar for it. This article brings to forth the crowdfunding industry’s crowdfunding best practices as advised by top experts of the field.

Some of crowdfunding best practices

The preparation work: Ample preparation time before the launch of any crowdfunding campaign is too much important for its success. This is one of the crowdfunding best practices which leads to collection of leads and planning a proper track to follow it. The preparation is a vital part.The fact is that banking on the marketing departing is more fruitful before launching the crowdfunding campaign than afterwards. Other crowdfunding best practices follow this very first step. The time of crowdfunding preparation must at least two months prior to its launch. This gives an initial boost to the crowdfunding campaign.
Videos/Photos work better: This is one of the crowdfunding best practices which could make the crowdfunding campaign stand aloof the crowd. This also comes within the preparation of the crowdfunding campaign. Videos and photos are what help fundraisers raise more than an average.
Perks get it going: One of the crowdfunding best practices which never fails to impress the investors’ is offering freebies and products with perks. This could be anything like a free sample or a product offered below the marked price. It is quite a possibility that your crowdfunding page might have traction, but it is the conversion that matters. Offering extras for your crowdfunding campaign will surely increase the conversion rate of your crowdfunding campaign.
Product description: A convincing yet short description of the product is one of the favourite crowdfunding best practices. Such a description could easily grab public attention when displayed on social networking sites like twitter and Facebook.
Grabbing media attention: Every crowdfunding planner involves getting published. Giving time to choose the publication wisely is yet again one of the crowdfunding best practices. Doing so brings media attention for the crowdfunding campaign.
Find those few supporters: Get some of those enthusiastic project supporters from the crowd and bring them on stage. Inviting them in your base camp and giving them an opportunity to work for their support is not only one of the crowdfunding best practices but also gives the sense of satisfaction to the supporter.
Attaching Emotions: Attaching the originator’s emotion of the project to the promotions could be one of the crowdfunding best practices. These emotions could be well displayed in videos, tweets, pictures etc., and actually get the audiences to attach to the project

Project initiators following crowdfunding best practices are surely one step ahead of others.

Crowdfunding Business Model: The Scenario

March 14, 2016March 14, 2016 CustomerHelp Leave a comment

Funding from the crowd is the talk of the town these days. Crowdfunding in itself is a blooming business which is helping other start-ups get popular and raise funds from every nook and corner of the globe. A crowdfunding business model is such that it is not effected by geographical borders and political turbulences. This article brings forth the crowdfunding business model in all its beauty and serves as an opportunity for readers to reap the benefits of a crowdfunding business model. Apart from looking into the crowd funding business model this article gives an insight into the business models which have been emerging through crowdfunding.

Emerging crowdfunding markets

The downfall of the credit market in the year 2008 was a major breakthrough in bringing crowdfunding into the scene. The first of its kind Kickstarter, a crowdfunding platform emerged amidst this and so did a crowdfunding business model. The inception of Kickstarter worked well, three of its initially successful projects were the Belo Monte-Announcement of War, Pebble and #CowdfundPaRato. The concept of crowdfunding has already marked its legal footsteps in the UK and the US and slowly it is being legally accepted in the other parts of the world.

Emerging Crowdfunding business model

A crowdfunding business model was born with the birth of Kickstarter back in the year 2009. With more and more crowdfunding platforms coming in the picture the sector has undergone transformation to reach what it is today. First thing to know here is that crowdfunding is a commission based business therefore the commission has an important part in forming the crowdfunding business model. The commission part varies from platform to platform and project type to type. The range is somewhere in between 4% to 8%.

Crowdfunding platforms have to be alluring to drive projects to let them showcase on their platform as the crowdfunding business model tells that the more projects end up being on the platform more is the income of the platforms. A crowdfunding business model also has a customer relationships arm which sorts out of the grievances of the projects if there are any. However, the CRM is also responsible to make the crowdfunding process easy for the start-up owners. Other things involved in crowdfunding business model are blogs and tutorials which are knowledge resources on which the start-ups could grow and flourish. The crowdfunding business model offers much more than what is seen. As the crowdfunding industry is thriving, its magnetism keeps on augmenting.

The recent crowd funding business model also show that crowdfunding platforms have evolved from being a fundraising platform to a platform for lending and borrowing funds. Now a days it also gives space for other investors to get close to the crowd. These investors include angel investors and venture capitalists. Other essential parts of the crowdfunding business model include media production, legal services and advisory groups.

The crowd funding business model is growing with more and more people and services finding it useful. The augmentation will surely impact the world in a more positive way.

Crowdfunding a Restaurant

March 13, 2016March 13, 2016 CustomerHelp Leave a comment

Restaurant business is one which could be easily banked upon. Food is the basic necessity of human life. This fact raises the survivability index of the restaurant business. However, starting a restaurant includes huge capital investments. Crowdfunding a restaurant is one way to gather funds for establishing a restaurant business. However, there are other sources of investments which work, but the procedures involved in those are quite tangling and tedious.

So more and more people are banking on the concept of crowdfunding a restaurant. Crowdfunding is a way of funding in from the crowd and these days it is widely promoted and facilitated by online platforms like MyEfunder and Indiegogo. Crowdfunding a restaurant is a concept which has been originated lately out of the crowdfunding kitty.

Points to consider while crowdfunding a restaurant

The basics: Preparation is what holds journey of crowdfunding a restaurant from its inception to its closure. Crowdfunding a restaurant is not an individual’s work, rather it requires a bunch of skilled people to look into all aspects of the crowdfunding campaign. A proper preparation time is nearly of two to three months and giving that time to crowd funding a restaurant is worth it.
The aim must be fixed: A proper goal has to be establish and for crowdfunding a restaurant it must be a step by step process. No doubt building a restaurant requires a lot of money but keeping the goal to that sum is not good. It has to be done in phases. Setting up goals also comes from the survey if the area in which the crowdfunding campaign has to be run. The total sum of required should be calculated precisely while keeping all costs in mind.
Giving Momentum: Crowdfunding a restaurant needs boost up of all kinds. A wide popularity is foremost required for crowdfunding a restaurant. Hence, a Launch party seems to be a lucrative way to lure foodie people from all around. An online crowdfunding platform is the right place to announce your launch party.
The promotions: A promotional strategy is the utmost requirement of achieving success when crowdfunding a restaurant. Grabbing the attention of the masses lies in the art of making the promotions sense grabbing rather than begging funds of the project. A promotion on regular basis should be the strategy to be followed here. The crowd must be able to perceive the sense of taste that the restaurant would bring upon its inception.
Work on the data metrics: A proper planned campaign for crowd funding a restaurant must be well analysed. The easiest way to achieve it is Goggle Analytics. It helps to get you know that the campaign is on the right track and it also helps to anticipate the success rate of the crowdfunding a restaurant.

As evident from above,crowdfunding a restaurant requires a lot of perseverance and time and if the conversion rates are to be believed, it really works. If crowdfunding a restaurant brings one person to the restaurant, then mouth publicity by a satisfied customer brings in more foodies.

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