What is Crowdfunding?
Worry no more as there are various crowdfunding websites all over the internet to help you build your dream, finish or kick of your project. It is basically a platform where if someone feels that your dream is touching or they are moved by the kind of project you are building, they willingly invest in you or give you donations to build your dream or even the project. These could people admitted in hospitals and they require to be flown to another country for specialized treatment, or those people in hunger prone areas or even to raise funds to help people affected by natural calamities such as hurricane. The websites act as a form of fundraising arena but touch people from across borders.
This is money that gets to the website account automatically, in any way if it were not for the creative minds of the account owners you probably would not get these funds on your own. A 5 percent fee, part of each donation, is taken for site management. All you need to do is fill out a form indicating all aspects of your creative project and your budget for the project.
Indiegogo helps you raise funds for your personal project and for that reason it is mostly used by; musicians, entrepreneurs or artists. So if you are stuck wondering where to get funds to venture into a new business, look up for Fundable website it will help you get going. It all depends on an individual or organization on the kind of website to pick. You are the one to find out which site works best for you.
These criteria can be viewed from two angles; the funder, donor or investor and the person who is in dire need of that fund. Some crowdfund sites will take all the funds you raised while others will let you go with the raised funds but charge you the fee.
Most investors or donors like flexible terms when it comes to money transfers, everyone does. That can only be guaranteed if the site has been in operation for a while, or the feedback you get from people who have used it before. Will it always give you trouble whenever to try to log in, this can be assessed by looking at the experience of the team behind the platform? No one wants to throw their money in a scam company thinking they are helping someone. Keep in mind that you are dealing with human beings who are prone to temptations. Crowdfund will help you get the funds you need and sometimes surpass your financial target.