How to start collecting money for a project by crowdfunding?
Crowdfunding has proved to be a decent and promising means for most trailblazing projects implementation. But now, when a growing number of companies, startups, and individuals struggle for public attention, it's hard to stand out from the crowd. How to make your campaign successful? What platform to choose for maximum coverage? As a result of analyzing a number of successful campaigns, we have distinguished some useful recommendations to help you make your dreams come true.
One of essential aspects of successful crowdfunding is the right choice of a crowdfunding platform. Many popular western websites do not accept projects from CIS residents, while local solutions do not have such а wide audience and not so recognizable by potential investors. That is why REG.RU recommends you to open your project using the powerful Funding service by WebMoney international payment system.
Initiators can create any projects and present them to the public on the pages of the service itself and on any available platforms using a widget to the website to attract more attention to collecting money.
First of all you should decide what you are collecting funds for, and choose the right audience. Funding offers four types of collecting money at your option: crowdfunding, donation, arrangement of events and collective buying. Every project created, irrespective of its type, may be accompanied with the following information: name, description, total amount to raise, and termination date. You can also upload a picture.
Let's considers the four types of projects that can be implemented using the Funding service:
The aim of such a project is to attract funds for implementation of some idea, scientific development, launching mass production of a useful product or invention, etc. Each sponsor normally gets some bonus, for example, the right of priority purchase. The Initiator can establish the contribution amounts and the bonus due in each case. The total amount required and fundraising termination date must be always specified for crowdfunding projects.
If the required amount is not raised within the established deadlines, the money is returned to donors' wallets. Accordingly, the initiator cannot withdraw the money from his account until the amount is collected in full.
The aim of such a project is collecting donations for charitable purposes: treatment, humanitarian aid, etc. The initiator can establish the required amount and fundraising termination date, but this is not obligatory — fundraising may be endless, depending on initiator's will. Unlike in the case with crowdfunding, no standard contribution amounts are specified: any sum can be donated.
The aim of such a project is collecting funds for joint buying of wholesale quantity of some products to save on their retail price. A collective buying project is arranged in quite another way, as compared to crowdfunding or fundraising projects. You can set the shipping method, country, etc. There is a flexible condition for termination of collecting funds. This condition can be as follows: pre-defined number of product items bought, products to a certain amounts are bought, or the established deadline has come.
Provided that the specified quantity of goods has not been sold by the established deadline, the money is returned to buyers' wallets. Accordingly, the initiator cannot withdraw the money from his account until the amount is collected in full.
Event-type projects are designed for organizers of events. It can be anything: concerts, house concerts, parties, trips, joint relaxation or whatever.
The event initiator offers “tickets” for sale. He must specify the maximum amount required for holding the event, and event date. Besides, the initiator may set different prices depending on a ticket category.
Contributions, donations, payments for tickets or products can be made in the currency established by the project author: rubles, hryvnias, dollar, or euros. However, irrespective of the established currency, one can normally pay from any WebMoney wallet: WMZ, WME, WMR, WMU, WMB, WMX. The options of payment using a bank card or phone account (for Russian numbers only) are also available.
The funds will be instantly received on the Funding service account of the project author. The project author can transfer the funds received to WebMoney wallet, the transfer fee is 0.8%.
Make your dream come true!
With Funding by WebMomey