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Crowd Funding

How to Raise Funds Through Crowd Funding Platforms

Crowd funding is the latest platform for people to raise money for setting up a business or charity or for medical expenditure. This newest source of money pushes behind some of the traditional sources like family and friends, venture capital and business angels. Plenty of online funding websites have sprung up after the Jobs Act was passed to help start ups and small businesses meet their funding requirements.

Read through this article as I tell you about some of the popular Crowd Funding websites that are helping people raise money as well as some tips on choosing the right Crowd Funding website.

Choosing the Right Crowd Funding Website

Now that you have decided to take the help of fund raising websites, make sure you create an effective campaign. Gathering crowd for fund raising campaign is as important as the fund raising goal. An effective campaign and exposure on social networking platforms are the ways to raise the target fund.

Kickstarter.com

Kickstarter is rated as the No:1 crowd funding website for online funding.

kickstarter

This website is for people with creative projects. Artists, musicians, filmmakers, writers and the like can submit a project on this website. When the project is fully funded and the goal is achieved money changes hands. Kickstarter insists the project creators acknowledge their backers with rewards for the support received. Fund raisers can offer rewards to their backers anywhere from $1 to $10000 and avoid coupons or discounts or repayments as rewards. Project creators can share their project with friends by sending a link to anyone and ask them to join the crowd.

Visit kickstarter.com

Payable.com

Payable invites people having innovative ideas to share with the crowd and convert it to a reality.

payable

Small and medium-sized businesses who will find it difficult to spend around $10,000 for web development single handed can head to Payable and post their fresh idea for fund raising. Other businesses interested in the similar idea can join the idea creator and get the idea developed for them too. The cost required to develop the project is shared among people who are willing to create a similar project instead of working as an individual. Payable selects the most viable popular ideas and invites bids from freelance programmers to determine the project development cost, thereby chooses the development team to complete the project. Then the project opens for online funding and any member of Payable can pledge an amount towards the development cost. When an idea has been successfully developed and tested, it is available for sale at Payable and the funders will receive a copy of the software for free. Funders also receive a share of profit from the sale of the software to customers.

Payable offers software products and services made by freelancers like clone websites, new websites and mobile applications for your android phone and iphone. Services include website design, web hosting packages, logo design, malware removal, consultancy service and more.

Visit payable.com

RocketHub.com

RocketHub is a crowd funding website that supports emerging artists, entrepreneurs and philanthropists to raise funds.

 rockethub

People who want to raise money by launching a crowd funding campaign or discover opportunities can seek help from this website. Visitors or donors can contribute towards a project, vote for an opportunity and share the project with others. This website recognizes both the project creator and the fuelers(donors) in the form of virtual rewards. Each of them gets a badge in response to their task completion, dedication and success.

Visit rockethub.com

Looking to raise funds for your company?

Make sure the Crowd Funding website has enough security measures like escrow services and provides legal consultation as you will be sharing a lot of sensitive information with investors which needs to be safe. Study the type of investors who have invested in the crowdfunding website you intend to seek help from. You need to watch out for businesses which are seeking help through the Crowd Funding website. If the Crowd Funding website has high quality businesses as users, then you will be able to establish contact with good investors.

Image © Ben Chams – Fotolia.com

Shaam is an successful internet marketer,seo consultant and blogger an addict of web who spend his valuable time on surfing.

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{ 11 comments… add one }

  • Aditya August 16, 2012, 5:06 am

    Funds are always a problem to start any business.You have helped a lot of people by providing this information.
    Aditya recently posted..Online Mobile Recharge SoftwareMy Profile

  • Sam August 14, 2012, 2:08 pm

    I’m actually a little surprised that crowd funding took this long to take off. Seems it was the logical extension of crowd sourcing which has been popular (even before the term existed) for a long time now.

    Good list! I thought I would mention http://www.indiegogo.com is another site for indy movie makers as well.

  • Elena Anne
    Twitter:
    August 14, 2012, 6:01 am

    Great post and great information. Sites such as these are really about the community and people helping others, giving them a kick start in business and other areas they want to work in.
    Elena Anne recently posted..Exercise with Rheumatoid ArthritisMy Profile

  • shaam
    Twitter:
    August 14, 2012, 2:58 am

    Hi James, There are a plenty of crowdfunding websites available for business and for a noble and charitable cause.

  • Eric August 14, 2012, 12:46 am

    There are a number of crowd sourcing sites that are sprouting up. I signed up for IndieGoGo for my film short, Cab Slaves. However, it\\\’s a difficult task to raise funds if your friends and family only give you an applaud for your efforts. Financing a film, or even a short is still hard work.

  • Rajnish
    Twitter:
    August 13, 2012, 6:35 pm

    I think getting funds of starting a big business is not a easy task, but then also we can surely get help by using these sites if we have a good business plan ready.
    Rajnish recently posted..Facebook Covers Without WatermarkMy Profile

    • shaam
      Twitter:
      August 14, 2012, 2:48 am

      Hi Rajnish a good business plan will help entrepreneurs to find their targeted investors. Sharing information on social media sites like facebook and twitter can help you get more support.

  • Mark
    Twitter:
    August 13, 2012, 3:19 pm

    @Shaam

    I am really glad to see a post like this on FamousBloggers.Net

    Crowd funding for medical and/or “philanthrophic in nature” events is a most noble cause.

    I will definitely keep these three recommendations in mind Shaam :)

    Mark
    Mark recently posted..Personalise Your iPhone CoverMy Profile

  • JamesW
    Twitter:
    August 13, 2012, 1:33 pm

    Great post Shaam, you mentioned some of the most popular and I believe that they are quite good.
    If someone need to get funds for new online project then kickstarter is the place.
    thanks for sharing,
    JamesW recently posted..Get Paid to Write Song Lyrics – Websites to Sell Your Music and LyricsMy Profile

  • Saad August 13, 2012, 5:23 am

    This Can For Sure help young bloggers and entrepreneur convert there ideas and dreams into reality
    Saad recently posted..Best System Optimizer-TuneUp UtilitiesMy Profile

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