Tag: Best Crowdfunding Websites

crowdfunding comparison

Comparison of Online Crowdfunding Platforms

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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

  1. 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.
  2. 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.
  3. 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.
  4. 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!

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Crowdfunding Sites for Charity and Cause Fundraisers

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Crowdfunding sites suit all kind of fundraiser these days, including fundraising for charity or cause. However, the point to be noted here is the specialization of these crowdfunding sites. There are crowdfunding sites which work for various genres of fundraising, also there are sites which work only for a particular kind of fundraising. The specialized crowdfunding sites have an obvious edge over the commoners, in convergence of work, but the common crowdfunding sites make it up in other fields like pricing and ease of access.

This blog discusses some of the prominent crowdfunding site in the field of fundraising for a charity or cause.

Crowdfunding sites to be considered by Non-Profits:

  1. FirstGiving

This is a pioneer crowdfunding site which not only helps the non-profits to raise funds for their cause but also, encourages and enables individuals to raise funds for their cause. Tools are provided through which funds can be raised in simple ways on this platform to assist individuals and from peer to peer fundraising events for non-profits. Processing charges of 7.5% apply which is inclusive of all.

  1. MyEfunder

Not one of the specialized crowdfunding sites but in no way less than any of those, MyEfunder provides the all tools and features to make fundraising for a cause a success, both for individuals and Non-Profits. The website is really easy to understand and use, and provides ample of options to sort donation types. With a fundraising fees which is not too much on the pocket of the fundraiser and donors, makes it quite a favourable one.

  1. FundRazr

A fundraising platform which has the trust of PayPal as it being the co-founder. It facilitates campaigning for a cause on the social media circuit through FundRazr pages. These pages can be established by individuals, groups, or even non-profits. The mode of donations could be anything ranging from credit cards, debit cards or even via PayPal.

  1. JustGive

One of the most widely used crowdfunding sites worldwide, JustGive is the home to 1.8 million charities, which find success in reaching their goal on the site. A minimal 4.5% processing fees on each donations is their way of earning, but it is at par with the standard rates. Another feature of this platform which impresses is that it allows downloading transaction details in various formats.

 

It is not only the features and pricing of crowdfunding sites which have a positive impact, but also the blogs of these crowdfunding sites. These blogs provide information about the recent trends and news in the field of fundraising. Hence, referring and researching about crowdfunding sites before starting a fundraiser is always a wise decision.

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Everything you need to know about a Crowdfunding Platform

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Introduction to a Crowdfunding Platform

During the past decade crowdfunding has become a  popular tool among emerging startups and businesses as an alternative source to raise finance for their venture. Even though this method is at its beginning stages, the future of crowdfunding remains bright. Augmenting the growth of this novel method and facilitating the link between the fundraisers and funders are the internet based sites popularly categorized as a crowdfunding platform. As you proceed through this article you will gain more insight to the world of a crowdfunding platform.

Classification

Unlike a one-on-one interactions between the capital seeker and the funder, a crowdfunding platform connects a large number of people to back a particular project which they find suitable enough. There are numerous platforms categorized as crowdfunding platform operational in the market, but most of them can be classified into two categories, on the basis of the types of services they provide, which include investment based and donation based. In the first case, the funders either get equity or some other monetary benefits for investing in a project whereas in the latter case the funder may get rewards like first access to the project, inclusion of their name in the project, etc. for their donation.

Pricing

Different types of crowdfunding platform follow different business model to price their services. Either they charge some percentage of the total funds raised or they initially charge the person for listing the project on their platform. Further, a crowdfunding platform may also charge the consumers for handling payments and providing other third party services

Market Development

Right now, most of the crowdfunding activities are limited to US and Europe which account for 80% of the total number of crowdfunding platforms worldwide with Europe consisting of 60% and America 20%. The most prominent crowdfunding platform among those is Indiegogo. Slowly and gradually these crowdfunding platforms are finding enough potential in the markets of developing countries like India.

Recent Trends

Many startups are further utilizing a crowdfunding platform to generate publicity for their ideas which has made these platforms an effective marketing tool. If a project is attracting a lot of interest on the crowdfunding platform, it may catch the attention of other offline sources of funding.

Conclusion

With the dearth of capital for many MSE’s and startups due to the lack of access to venture capitalist’s funds, or non-eligibility of bank loans, crowdfunding is becoming a major source of raising capital and the concept of crowdfunding platform provides an easy access to funds which are surely expected to grow further in the near future.