The modern and materialistic world of today demands a great deal of money to put our dreams on wings. This is where crowdfunding method comes into scene. Crowdfunding is a technique where the crowd donates money to fund your dream project, which is often performed via internet mediated registries.
Crowdfunding sites enable you to register your project and the interested individuals or groups fund it. Before picking up the site to feature your project, it is trivial to learn the features and advantages of each such site so that you can present your project in the most compelling way to fuel your dream.
The choice depends on the focus or the purpose of your project. Project may be business, arts, entertainments, music etc. Here is a list of the ten best crowdfunding websites for fund raising.
Kickstarter is one of the earliest crowdfunding site and has witnessed a sharp growth in the last few years. It has raised a total of $220 million from 61,000 launched projects so far. Kickstarter accepts all kinds of creative projects like an art installation, pre-selling a music album etc but does not accept business projects, charity or scholarships, awareness campaigns or personal financing needs.
The site charges 5% fee for every successful project. The disadvantage is that you have to be a permanent U.S resident with a social security number to register here.
Indie stands ‘independence’. Unlike kickstarter, indiegogo approves fundraising campaigns for almost anything-music, personal finance needs, charities and anything(except investment). They have an international growth due to its flexibility. This site charges 4% from every raised fund, and 3% for credit card processing, plus $25 wire fee for non-U.S. campaigns. If you’ve applied for Flexible funding plans and your campaign did not reach the goal, then the site charges 9% of the fund, still you can collect the remaining amount.
Crowdfunder.com is a platform for raising investments. It has a large and growing network of investors. This site offers equity crowdfunding, revenue-based security and attracts angel investors and Venture Capital to your company.
The site is still in beta mode. So what you must do is, add your company details. The crowd gets to vote for their favorite company, from which they can invest when the beta phase is over.
It powers donation-based funding for a wide range of creative projects. Its unique features are FuelPad and LaunchPad that enable the campaign owners and investors to work together for reaching success.
Rockethub charges 4% of the fund for successful project and 8% for projects which has not obtained the goal. In addition, 4% of credit card processing charge will be applied.
Crowdrise deals with real world issues rather than profitable creativity. It attracts inspiring causes and needs such as animal welfare, education, cultures, diseases etc. it has a unique system called crowdRise point system which enable the members to know which organization has made more impact on the world.
GoFundMe is the most popular crowdfunding site for personal fundraising campaigns. It offers fundraising for personal campaigns, charity fundraising, all-or-nothing campaigns. It could be any kind of causes even your pet’s medication. It is truly about donation. Gofundme charges 5% from each donation. There are two ways to process payment- Wepay and PayPal- both of which charge fees ranging from 2.9% to 3.5%.
Appbackr is apt when you want to bring up a mobile based project. It serves as a goldmine for mobile app developers. The concept is basically simple although it sounds complicated. Appbackr will pay the backers back with the sales price of the app once the app makes its earnings in the app-store.
It does not charge a fixed amount. Charges depend on the app price and several other factors. It takes a certain amount from your fund to run their crowdfunding business.
Invested.in is a software solution that provides you the tools to create your own crowdfunding community. It provides a platform for sophisticated accredited investors to invest in institutional quality deals.
Quirky is a donation based method that focuses on bring an invention or product into life. It is the right place for inventors and makers to collaborate with a community of like-minded folks.
AngelList has been supporting a growing number of top tech startup deals. It is the right place for tech startups with a shiny lead investor already signed on.