With the development of technology and a new innovation every day, there is an app available for everything nowadays. Be it shopping, consulting a doctor, staying fit, learning something, everything can be done with a touch through apps. Those who have worked on developing an app knows how much work is put into it without getting much profit out of it. Compared to the money and hard work put into making and developing an app, the profit gained from it is sometimes low, hence many people hesitate to make an app even if they have an innovative idea for it. People having no financial backing or those who are from the middle-class often don’t want to take such a big risk. For these people crowdfunding apps has come as a new way through which the required funds can be raised to develop their app. Crowdfunding apps also help in reducing the risk.
Is crowdfunding apps beneficial?
Crowdfunding apps give an individual a way through which the funds required for the development of an app can be raised. Even if the money is not enough for the full development of the app, but the money raised through crowd funding apps can be utilized in its promotion or at a particular step in the development. Crowdfunding apps don’t pose much threat so it becomes an agreeable alternative to all the other traditional methods. By crowdfunding apps, one can even make the app reach a wide audience and increase its popularity even before its launch. Crowdfunding apps on different platforms give an individual a chance to know people’s opinion about the app and also helps create a fan base. The opinions one gets by crowdfunding apps will help them in improving the features of the app and also keep help in remaining optimistic throughout its development.
Crowdfunding apps are very different from using crowdfunding for other things. The basic reason behind this is that generally people expect the apps to be cheap or free. When a contributor gives money for a crowd funding apps campaign, the supporter has two concerns in his mind. The first is that they will have to wait for the app to launch and the second is that there is a risk that the app may not come out at all due to difficulty in the determining the development time of an app. This creates the need to keep it low priced for the people contributing to the crowd funding apps campaign to keep them interested in the crowdfunding apps campaign.
Though crowdfunding apps seem like a better alternative than any other method, but according to several statistics, there are a very small number of apps which have a successful crowdfunding apps campaign. The reason behind this being the uncertainty in the time required for the development of the app and its launch.
If giving crowd funding apps a shot has already been decided then it will be helpful to make sure that one chooses the right platform for the crowdfunding apps campaign. Crowdfunding sites like Kickstarter, Indiegogo, AppsFunder, etc. gives an individual the chance to reach a wide audience and get the funding required for the launch of their app.
