Even if you’ve never personally witnessed crowdfunding, you’ve almost certainly seen an example on social media. Crowdfunding is the concept of obtaining cash for a project or cause from a wide number of people over the internet. It may be used by individuals or small enterprises to acquire early-stage funding for their ideas.
When looking for a fundraising website, look for costs as well as if it is an all-or-nothing platform. Many platforms may deduct processing costs from each contributing transaction as well as a small proportion of your overall profits, but a few sites utilize an all-or-nothing approach, which means you only get paid if you meet your target. We’ll walk you through some of the greatest crowdfunding sites on the Internet in the sections below.
KICKSTARTER
Kickstarter is one of the most well-known crowdfunding platforms, with a reputation for assisting tech and creative entrepreneurs in funding their ideas before seeking a loan or obtaining funds for venture capital. Since its start in 2009, the firm has raised over $5.6 billion and supported over 197,425 projects. A variety of verticals, ranging from arts and entertainment to publishing, are available to potential donors.
Kickstarter is an all-or-nothing platform, which means you won’t get paid unless your campaign is successful.
INDIEGOGO
The majority of Indiegogo campaigns are for technological advancements, creative works, and community projects. The crowdfunding site functions similarly to Kickstarter, with the exception that it does not use an all-or-nothing fundraising approach.
Users can select between two types of funding: fixed and flexible. Flexible is excellent for campaigns where you’ll profit from any financing, while fixed is best for fundraisers when your project requires a specific quantity of money. If you have flexible financing, you will receive your cash regardless of whether you reach your campaign goal; if you have fixed funding, all of your funds will be returned to your contributors if you do not meet your campaign goal.
GIVE2CHILDREN G2C
G2C is a donation based crowdfunding platform that mostly deals with the campaigns that are related to donations for poor children, youth, and families. It is a Singapore-based online crowdfunding platform and aims to provide and promote campaigns that support the younger generation who are in need. It basically works for a better secure future and the happy life of the children in Singapore.
PATREON
Patreon is widely used by digital creatives such as YouTubers, podcasters, and bloggers. Instead of collecting one-time campaign donations, you have a subscription model in which supporters give a specific amount of money each month or each production. The site enables artists to connect with their followers, and creators may even provide special content to their Patreon patrons as an incentive to keep financing them. To summarise, this service is most effective if you consistently publish work on your personal platform. Otherwise, if authors do not generate material, pledgers have the option to terminate their membership.
GOFUNDME
You’ve undoubtedly seen a few GoFundMe campaigns for crises and charity causes on social media at some time, but companies can utilize it as well. For each gift, the crowdfunding site charges a 2.9 percent processing fee and 30 cents. Because it is not an all-or-nothing fundraising platform, you get to retain whatever you raise. Furthermore, there are no personal campaign fundraising fees for people residing in the United States.
Many successful campaigns have taken place on GoFundMe, in which the Las Vegas Victims Fund ($11.8 million) and the Time’s Up Legal Defense Fund ($24.2 million)are included. If your fundraising is for a service-based cause, such as medical needs or emergency relief, this site is an excellent choice.
