Tag: crowdfunding

Kickstarter, Indiegogo or MyEFunder

admin Leave a comment

Kickstarter or Indiegogo – Which One Should You Go With for Crowdfunding?

Crowdfunding has become extremely popular with new entrepreneurs, especially in these tough economic times when it has become tougher to gather funds for even small investments. Luckily, there are crowdfunding websites available today that have been set up to provide entrepreneurs and potential investors with the ideal launchpad to release their products or establish their ventures. Kickstarter and Indiegogo are two of the best crowdfunding sites out there which promote crowd-funding that is donation-based. There is a long-standing debate on which one is the better site, and the following points can be helpful for you to know which one you should go for.

Acceptance of Projects

Kickstarter only finances projects that are creative in nature, such as videos, music, films, journalism, comics, stage shows etc. On the other hand, Indiegogo does not have any preferences with the projects. It accepts every type of project without any type of restriction. It offers a lot of flexibility in terms of accepting and releasing various project ideas.

Project Fees

Kick Starter tends to charge a fee of 5% for projects which receive funds successfully. But entrepreneurs do not get anything in case their funding fails to meet the specified limit by even a few bucks. Indie Go Go charges a fee of 4% for projects which receive funds successfully and a higher fee of 9% for those that fail to meet the limit.

All or nothing model

Kick Starter maintains it security by following an ‘all or nothing’ business model. This means you cannot get any funds if you fail to meet the deadline. But Indie Go Go proves to be of the best crowdfunding sites as it does not follow such a model. Although this measure bypasses the urgency to gather funds, it proves to be useful in some cases.

Success rate

Of the two crowdfunding websites, Kick Starter enjoys a higher success rate of around 43%. But it has less total number of campaigns, slightly more than 46,000. Indiegogo has a reported success rate of about 10% but it has more than 92,000 campaigns due to its flexible policies in project funding.

User Traffic

Kickstarter has better traffic and more number of users than Indie Go Go. The moderate user traffic of the latter is believed to be a result of its financing strategies.

Considered from varied angles, Kickstarter seems to be more dependable, secure and popular. However, Indiegogo is also beneficial due to its better strategies, features, special algorithms and easier accessibility across the globe.

Keywords: Kickstarter, Indiegogo, Crowdfunding, crowdfunding websites, best crowdfunding sites

How is Crowdfunding Better from Traditional Funding?

admin Leave a comment

How is Crowdfunding Better from Traditional Funding?

Crowdfunding has turned into one of the main ways of online fundraising. These days, this type of fundraising is not limited anymore only to specific products. It also includes raising money for films, music bands, books, games and many community ventures. Crowdfunding platforms offer a terrific platform to people who need to generate funds, and also provide them with ideas to market their venture. It can help them to let others know about their venture or product even before it is made. This type of funding is better from traditional funding in a number of ways:

Easier to find investors

With the help of crowd funding sites, you will find it comparatively easier to find investors for your business. In comparison, traditional funding needs a lot of effort and time and you have to persuade the investors and make them see the benefits of investing in your product or venture.

Scope of better networking

Crowdfunding platforms also offer a bigger platform for entrepreneurs to network with individuals and market their items or venture, or find investment for the same. With regular funding platforms, you can only get to network with a small number of individuals. As crowdfunding is a method of online fundraising, you can harness the power and scope of the World Wide Web to network with more people.

You can get better market information and feedbacks

Given the fact that you are able to introduce your item to lots of people simultaneously through crowd funding sites, you get the scope to acquire worthwhile feedback and info about the market. You do not have to research extensively about the market, as you can get feedbacks almost instantly. With traditional options for funding, there is no such information, feedback or scope for easier market research.

You can get funds more easily

On crowdfunding sites, you can find investors to be usually inspired by some innovative idea that they like and see profitability in. Naturally, you can easily draw funds in case you have a worthwhile or lucrative business idea. But traditional investors are generally motivated by the practicality of the idea, expansion, potential for making profits and revenue generation.

You can get better business control

With crowdfunding sites, you are able to retain the control of your business in your own hands. Investors will not force their own decisions over you, unlike in traditional funding where investors may attempt to override your plans and take control from your hands.

Keywords: crowdfunding, online fundraising, crowdfunding platforms, crowd funding sites, crowdfunding sites

Best Platforms to Fund Musical Bands

admin Leave a comment

Online Fundraising Sites – Two Platforms to Fund Musical Bands

When it comes to fundraising ideas, it is a good idea to go for online fundraising sites. It is important to keep in mind that crowdsourcing has become one of the very important ways to raise money for expensive projects to take off. Whether you are trying to gather money for a business venture, a music album or just for charity, you can get the necessary funding from these sources. If you are a musician who is trying to finance your band or music album or even get a degree in music to further your career, you can try music crowdfunding – which is also referred to as fan-funded music. These are two sites that you can try.

Sellaband

This is one of the best online fundraising sites that you can try for funding your musical aspirations. A lot of artists begin on this website by gathering funds for the expenses needed for recording a new album. Money can also be raised from this site for supporting musical tours as well as for covering promotional expenses. Fundraising campaigns can also be organized in order to fix a broken down vehicle for journeying many miles on an open road.

There is also a search page that can be used by users to browse through the genres of music that they love and discover new artists. There are special musicians discounts offered to specific vendors who offer important services like digital marketing, promotion or mastering. A fee of 15% is charged on the platform for all successful campaigns. It is undoubtedly one of the best online fundraising sites where you can use creative fundraising ideas to raise money for your musical career.

PledgeMusic

Like Sellaband, PledgeMusic charges a fee of 15% on every campaign that is successful. Fans can make pledges for free. In case a campaign is unable to meet its target of fundraising, the pledges are forfeited by the artists and given back to pledgers. Music-based crowdfunding benefits everyone – from fans to artists and even the platform itself. Crowdsourcing, apart from being one of the best ways to raise money, also helps artists to engage better with their fans. Musicians can make pages on the websites where they can pitch for money. Artists can also incorporate some of their tracks for potential pledgers to listen to, and get to listen to new music and discover new bands in the process.

The artist page of PledgeMusic appears similar to that of a blog page, where most of the sections and the content can be found on the landing page itself.

Keywords: online fundraising sites, fundraising ideas, crowdsourcing, crowdfunding, ways to raise money

Charity Event Ideas

admin Leave a comment

Charity Event Ideas – 3 Ways to Raise Money for Charity

Once you have decided on your charity event ideas, it is time to move on to something bigger – gathering funds for the charitable purpose. Everything needs money and a charitable cause needs large donations from hundreds of people to be a success. However, this is easier said than done. Charitable events are known to be preachy and boring, and getting people to actually contribute money – especially in the ongoing economic climate – is nothing less than a mission impossible. However, there are 3 effective ways to raise money that you can try in order to gather funds for your cause.

Crowd-funding

It has become quite popular in recent times as one of the easier and effective ways to raise money for everything from business to personal causes and charitable purposes. In order to get crowdfunding, you need to visit online crowdfunding platforms such as Razoo, Indiegogo, Kickstarter or RocketHub. You need to build an online fundraising page and advertise the charitable cause that you wish to raise money for. With the help of these platforms, you can get people interested in your cause and donate money for the same.

Angel Investing

Other than crowdfunding, you may also try Angel investors. These are generally experienced and well-established entrepreneurs who can offer funds and well as valuable connections and advice for starting a new business. If you have a charitable event to organize which would raise some money in the form of ticket or product sales, but you need some initial investment to set up the event, angel investors can be good to go with. Investors’ Circle, Tech Coast Angels and Golden Seeds happen to be some of the most popular angel investing networks out there and can get you in touch with potential investors. You can also join the online social network known as AngelList, which is used for debt investment or raising equity. You may build an online profile and get in touch with potential angel investors who would like to join their name with your cause out of goodwill or due to a lucrative marketing opportunity.

Charity Auction

You can also find this to be one of the best charity event ideas. It is one of the most effective ways to raise money quickly and substantially. Make sure that you buy a collection of great products which have a lot of demand. You may request your relatives or friends to donate second-hand items. You may also approach corporate firms in the locality to donate items for the auction and get free ads in return at the venue. This is another effective way, apart from crowdfunding platforms and angel investors.

Keyword: charity event ideas, crowdfunding, crowdfunding platforms, angel investors, ways to raise money

Kickstarter

admin Leave a comment

What is Kickstarter – How Does It Help Entrepreneurs?

It is said that big dreams come at a cost, and if you are an entrepreneur you must have realized that too well by now. Getting your dream projects off the ground is not easy, unless you have proper funding for the same. Crowdfunding is a relatively new way of gathering funds for projects that require high amount of investment. One of the best and biggest websites for crowdfunding, Kickstarter offers excellent help on creating successful campaigns.

What is Kick Starter?

Kickstarter is actually one of the biggest and most popular crowdfunding sites. It was launched in the US in the year 2009 and is now also available in the UK. It has around 381 m USD in pledges and boasts of a 43.5% rate of success. This is a rewards-based platform without any investors. It only has donors or backers. Financial donations to various projects are awarded here with things like tees, movie credits and more. Advanced copies of games are also sometimes handed over to backers.

Main Features of Kick Starter

In Kickstarter, projects are submitted to be approved. As much as 75% of the projects are found to be accepted. The time for turnaround is around a couple of days. It also comes with a unique “All or Nothing Pledging” system in which entrepreneurs do not receive the funds if they do not reach their objectives.

The projects that are submitted need to fit into any of the thirteen creative categories specified on the website. This is one of those crowdfunding sites which are only dedicated to projects. It demands a plan for manufacturing and needs a prototype.

All the awards are restricted to single items, which can be in the price range of 1 – 5,000 pounds as far as UK projects are concerned. On an average, most of the successful projects in the US raise 10,000 USD. An average of 71 USD is pledged per person.

Is Kick Starter the Only Crowd-Funding Site?

Where crowdfunding sites go, Kickstarter is certainly one of the biggest. However, it is not the only one. You can find similar sites such as Indiegogo and RocketHub which have also become global. However, Kickstarter is one of the sites with the maximum media exposure – something that Indiegogo and RocketHub do not have. This helps entrepreneurs and start-ups to get backers and donors easily for their projects. There have been some landmark campaigns on this site, which include Tim Schafer’s Double Fine that have seen as much as 3 million USD to be pledged. There was also the Pebble e-Paper Watch campaign where a staggering sum of 10 million USD has been pledged.

Keywords: Kickstarter, Crowdfunding, crowdfunding sites, Indiegogo, RocketHub

Indiegogo

admin Leave a comment

What Makes Indiegogo a Special Crowdfunding Platform?

Crowdfunding was born as a crowdsourcing phenomenon. It consists of combined efforts of various types of people who come together, generally online, in order to offer support to the initiatives and projects of various organizations and private entrepreneurs. Indiegogo is one of the largest crowdfunding sites out there which is best for small businesses. Read on and know all about it.

About the Platform

Indiegogo is one of the largest crowdfunding sites to be found over the web. Founded in the year 2008, it is also one of the earliest sites to be founded for this purpose. The site started with the endeavors of 3 individuals, Slava, Eric and Danae each of whom attempted to raise funds for some project that were close to their heart. However, the money fell short and they found that traditional channels of gathering finances were limited. The three began to look for a solution to this issue and this led to the birth of Indiegogo. This crowdsourcing solution gathers support for powerful ideas and can help people to easily donate funds.

What Makes the Platform Special?

The crowdfunding platform has assisted in raising millions of dollars across 194 nations for more than 30,000 campaigns. It is quite flexible, given the fact that it is open for use by anyone from any part of the world. There is no application process and a wide range of projects are accepted, which include even charity drives. For ambitious individuals, it stands as a very attractive option. This is a flexible and very easily accessible platform, which has made it highly popular. Even the fees are on the lower side. The platform initially began with arts although it now claims to accept everything, apart from illegal activities and porn.

How Does It Help Projects?

This is more of a generic fundraising website and is targeted at utilizing the resources of the existing community for helping any type of project, which can either be a film, a cause or virtually anything that needs some fast investment within a specific frame of time. The website charges 4% of the entire amount that is raised in case the threshold is reached. If the threshold is not attained, 9% of the amount is charged. Every initiative or project on crowdfunding sites like these comes with its own set of policies and rules and some of them do not even come with rewards for their backers.

Keyword: Indiegogo, Crowdfunding, crowdsourcing, crowdfunding sites

Top 3 Benefits of Crowdfunding

admin Leave a comment

3 Main Benefits of Crowdfunding – Why It Rocks for Startups

These days, you can find a growing number of artists and start-ups using crowdfunding. This actually denotes the collaborative effort of people who form a network and accumulate their resources through the internet in order to offer support to efforts started by organizations or people.

How is Crowd-Funding Used?

Crowdfunding has been mainly used for supporting various activities, like development of freeware, producing movies, supporting start-up organizations, political campaigns, artists and even disaster relief. This is actually a crowdsourcing phenomenon. Kick Starter is one of the biggest crowd funding sites out there. Since its inception in the year 2009, it has managed to raise as much as $574 M.

Kick Starter has been able to arouse as much as $203 M only in the last 6 months, and the signs of its growth refuse to slow down. There are also other crowd funding sites such as Crowdrise, RocketHub, Crowdfunder and Indiegogo which are witnessing similar amount of success and growth.

3 Benefits of Crowd-Funding

Crowd funding has at least 3 major benefits for entrepreneurs:

  • Capital accumulation – Gathering capital for funding new projects seems to be a difficult and uphill task for entrepreneurs across the globe. A perfect alternative seems to be crowd-sourced funding, which can help get the necessary funds for a venture as users can get the money readily without accumulating debt or giving up equity. Rather, entrepreneurs can try simple ways such as distributing gifts or products to the people funding their venture in exchange for their contribution. This is also referred to as rewards-based crowdfunding.

  • Easier promotion – Crowd funding platforms also seem to be a perfect way to promote a new venture and make people aware of it. Crowd funding sites are usually free, and they offer various ways to get in touch with a larger population. For instance, businesses can market their own products and services and company mission through enhanced referral traffic to their official website for the company, word of mouth and social media channels.

  • Customer satisfaction – Crowd financing also helps businesses get customer feedback much earlier. These suggestions are used by successful companies to improve their services, products and processes. With crowd funding, entrepreneurs can easily assess the reactions of consumers, implement the suggestions of users and test their bettered products before they are launched in the market. This can help companies to save a great deal of monetary loss and show that a business is willing to listen to and incorporate the suggestions of customers.

Keywords: crowdfunding, Kick Starter, crowd funding, crowd funding sites

Top 5 Crowdfunding Sites Startup for Entrepreneurs

admin Leave a comment

5 Best Crowdfunding Sites Startup Entrepreneurs Should Know About

Crowdfunding is the collaborative effort of people who pool their funds and network with each other over the web, in order to support efforts started by other organizations or individuals. With seed capital getting tougher to gather for startups every day, more and more entrepreneurs are trying crowd funding platforms for raising funds for start-ups. Read on and know about 5 of the best such platforms that you can try as a startup entrepreneur.

Kickstarter

Kick Starter is possibly the strongest and oldest platform for crowd funding. More than 74,000 projects have been launched on the site, and as much as 383 million USD have been raised for projects. With a 44% success rate, the site helps finance everything from technology to films, design, art, music and games. Kick Starter is ideal for entrepreneurs trying to gather funds for getting innovative projects off the ground.

WeFunder

This is another of the major crowd funding sites meant for startups. It assists investors to buy stock for as meager a sum as 100 USD. Founders can raise funds from enthusiastic users who offer business connections, marketing discourses, product feedback and more. The MIT Sloan School of Management founded the company in January 2010. At present, this crowdfunding platform has the support of 9,287 funders who promise to invest as much as 25,989,550 USD on startups.

Indigogo

It is one of the earliest and largest crowdfunding websites of the world. Indiegogo has assisted in gathering millions of dollars for more than thirty thousand campaigns across 194 nations. The platform was born due to the efforts of Slava, Danae and Eric who tried to gather funds for a project that they were enthusiastic about but found their funds to be short. These three individuals desperately tried to solve this problem. It was out of this desperation that Indiegogo was developed. It became a crowd funding solution which supports ideas and helps individuals to easily donate money.

MyEFunder

This is different from the usual crowd funding sites. It is a social network based in Los Angeles for investors and entrepreneurs to network, crowdfund and expand. This company organizes a series of contests in various cities across the US, where there is competition among local businesses. There is the scope to win a maximum funding of 500,000 USD. However, the website mainly focuses on the American market.

RocketHub

It is a crowd funding platform meant for professionals with a creative streak, such as designers and developers. Recently, it has become very popular with the media and attracting a lot of attention. You can find project topics associated with different keywords as tags.

Keywords: crowdfunding, crowd funding, crowd funding sites, Kick Starter, Indiegogo

Get the Funding You Need For Your Project

admin Leave a comment

Get the Funding You Need For Your Project through the Best Fundraising Ideas

The truth is that there are many fundraising ideals but only few are effective and efficient to produce required result. So, you need not to contact a company that is not knowledgeable in fund raising when you want to fund raise for any reason. More so, you need to ensure that you hire a fund raiser that is current about the latest ideals in fund raising. These and more are what made it important for you to know https://www.pinterest.com/myefunder/ .

The Fundsourcing Ideas That Work

Whether you are sourcing for fund or you are planning to fund raise, there are needs for you to contact an expert for the service. There are many fund raisers that normally give their clients deadline for them to get certain amount of fund. Working with such fundraiser can make you lose everything and even be in debt. That is why you need to link up to the aforesaid link for easy fundsourcing experience.

Be In Control of Your Donated Fund through the Reliable Fundraiser on This Site

Apart from the fact that you will enjoy freedom without any set deadline for your fundraising when you leverage the service rendered on https://www.linkedIn.com/company/myefunder/ you are also going to stand chance of being in charge of your fund. There are no penalties for missing fundraising goal as there is nothing like goal in the first place. So, you will enjoy total freedom when you make this link selected for fundcrowding.

The Right Site You Need To Enjoy Equity in Your Fundraising on the Internet

Before going ahead to hire any fundraising expert on the internet, you need to know more about equity as regard the service of the company. Then what is equity as you may like to ask, it is simply fairness and treatment of others with justice and fairness. For that reason, you have to ensure that you contact a company that has equity as their watchword when you want to hire any company for your crowd funding.

A Must Know About Crowd Funding Sites on the Internet

Indeed, http://myefunder.com is the right site you need to know when you want to fund raise for any project. The truth is that there are multiple and other renowned fund raising sites which you can find inside this site mentioned above. That is why you have to confirm the content of this site when you want to fund raise.