Classifications Of Crowdfunding

Classification of crowdfunding

Many people among us don’t know properly the accurate structure or method of crowdfundng. Even maximum of them can’t give any exact or acceptable answer or ideas about its classification. We just know it’s an open source fundraising platform to raise money online but money funding is not so easy that’s why according to this way we also need to follow some accurate method & rules to get proper success. I recently collected some valuable information from MyFundNow blog where they discuss the pros & cons of crowdfunding classification. Generally we know about three type of crowdfunding like donation based, rewards & most popular equity crowdfunding. But there are another crowdfunding class named Litigation. But it’s usually not use or has option to start on maximum platforms & I also would not suggest that. Most popular is equity funding by which you can involve huge amount of investor intention & generally it’s the main business by which investors & crowdfunders both can share the business profit & be helpful for each other. Maximum crowdfunding platform give high priority to this type of funding projects & you can expect a high quality support from them & it’s definitely can be useful for you because people here are supporting you for the startup of your business & you also can run your business from their investment & after being successful you have to share a specific amount of profit with your investors in time & who don’t know that how much important the investment can be, to begin or start any type of business. So it’s important & has demand & from other research it already has been proved that this classes crowdfunding has more investors to be invested.

"If you’ve got an idea, start today. There’s no better time than now to get going. That doesn’t mean quit your job and jump into your idea 100 percent from day one, but there’s always small progress that can be made to start the movement". - Kevin Systrom

"Embrace what you don’t know, especially in the beginning, because what you don’t know can become your greatest asset." - Sara Blakely  

So now I hope you people become understand & clear about the whole crowdfunding classifications. I shared here the link of that MyFundNow blog crowdfunding classifications topic post because I found that classification is accurate enough & basically easy to understand. There are more classes like debt-based, logistic etc but those are not so popular or generally used. You must need to know about these three types before start.

Which is the Top & Best Crowdfunding Platform?

How you can select a perfect suitable crowdfunding platform to start your campaign?

Yes, It’s very important to select a trust-able, well known platform which provides useful & safe campaign facilities worldwide that’s how you can run your project campaign towards to the goal successfully from any place, country or states. Obviously you need to read, know & collect all the rules & terms before start on there. So which is the best crowdfunding site & also would be better for you? There’re many crowdfunding sites running online since for many years like MyFundNow, Kickstarter, Indiegogo, GoFundMe etc. But which one is the best? No one can give exact answer among them specifically. Because each are the best & maintaining their service from many years. But you’re the man who have to take own decision as a campaigner for only one which one seems like better to you as a best crowdfunding site. I attached the link here because I also thought myfundnow is better than others for any kind of campaigners.  

At first you need to know about each sites privacy, rules, support, terms, conditions etc & then you can make a comprehension between them from your own thoughts which you collected by researching. At last you should choose that site which one is ahead comprehensively from your needful requirements & facilities. B

Sometimes it also happened that because of unsupported area many campaigners lost their contributed funds & it’s not the fault of that platform. The victims should think about receiving before. But this problem now mostly has been updated. Out of reachable areas members now never can post their project if they’re unsupported. In fact they wanted to make more & more money & post their campaign randomly on different places & at last they lost both time & money. That’s why I’m saying this to be careful though the system has been changed, anyone out of zone can’t post but what’s the problem to be careful before start!

Dream has become true now. It’s time now to earn from sitting in one place not need to go abroad & from to door to door to beg for work to income. Just need some skill, knowledge & the must one to be is patient. Though we know “Industry is the key to success” but I’ll say “Passionate with patience is also now the key to success.” 

best of Luck!

Melody.

Some Tips of Crowdfunding

On my previous post I discussed about some crowdfunding tips for the beginners. Now I’ll share here some other  tips. Hope you all will like this post & can learn something new from this. I think it’s now already been clear that why online crowdfunding  is not so easy because most people can’t take it like easily, they makes it difficult.

• You can create pages on different media sections online where will be full details about your projects details. By doing this you can be able to attract a lot of eyes on you to contribute. In fact most of your contributor can appear to you from your facebook, twitter ads to help you

• Never ask for immediate money or break your impression.  Tell clearly about your incapacity & sufferings & never ask for any amount of money. People naturally will contribute to help you if they think your project have enough reason to be donated.

• You can implement a video related to your campaigning subject or materials. A video clips can give the contributor a better ideas about your campaign & they can easily understand the necessity of raising fund for that project.

An ideal, well decorated, truthful, logical campaign definitely can reach to its goal. Just need to turn it into its possibility. So go ahead campaigners! 

Why Crowd Funding is Not So Easy?

Most campaigners generally complain, online crowdfunding is very difficult & fund raising is not so easy as people think. Is it true accurately? I don’t think so. It’s a money contributing system. Definitely people never will donate from their own economy if they don’t found a suitable reason to contribute. You should think once that there are running a lot of campaigns on different crowdfunding sites or platforms & among them without any specialty or prefer quality how can you raise your fund? The answer is your campaign must have to meet all the requirements & proper quality so that generosity comes inside the people & they can start feeling your sufferings & only then they will feel to contribute for your proper success.

So how can we realize that our campaign is fully prepared to get proper success. Here I’m sharing some tips from my own method & experience –

•   At first you have to choose the correct platform where you can start your campaign. Many sites doesn't support all countries. So you should check your criteria & must have to take decision which seems to you as the suitable & best crowdfunding site or platform for you.

•  There are two type of crowdfunding method/structure. The rewards crowdfunding(no investment) & the equity crowdfunding(must investment). Sometimes many campaigners been confused about the structure & rules of rewards crowdfunding. It’s little complex & different platform has different rules for this type of non investment projects. Example – if you can’t reach to 100% of your funding goal you won’t get anything from your existing fund what backers have pledged otherwise you my need to leave some percentage of that amount there. Equity crowdfunding is like a banking system where you would be charged a little amount from your raising fund. So it’s needed to gather all the information & of rules of that platform which you choosed before starting a campaign. 

•  Try to make the campaigning content or story as effective as you can which should have a highly appreciable capacity to impact on or bring the attention of the fund raisers worldwide.

This was the basic steps what a new crowdfunder/campaigner must should know. I would share more tips further on me next upcoming post. To be continued - 

Please watch this video. Hope can take more ideas from it.

What Is Crowdfunding?

What is Crowdfunding?

Crowdfunding is an open source donation making platform where a money crised people can create a free campaign to raise fund for his/her specific campaigning project where any generous & rich people can donate or contribute some amount of money to help that campaigner that’s why they can make that project successful.  It’s an open charitable place where is no rules of amount to donate or contribute. Any kind of helpful & great kind of people can help by contribute from their economy & generosity  to those people whose’re in lack of money to make their incomplete remaining task complete successfully.  

Any campaigner can raise their fund for campaign if their exist a suitable reason & great purpose behind their campaign. Because generosity only comes for the great efforts. So definitely an ideal campaign always keep the capacity to make a high amount of economical fund if that goal is great, clear & positive.