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. You do not have to know these people who are kind enough to help you with funds as these websites can be viewed internationally by just a click of a button, thus anyone who wants to help you raise the funds is free to do so. 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.
In order to be able to sustain the website, the website owners normally charge a fee as per the amount gotten from the raise. A 5 percent fee, part of each donation, is taken for site management. This helps the funders to make the decision on whether to fund your project or not depending on whether it is deserving or not and the site charges 5 percent for every successful project.
They charge percent of every raised fund. That new business venture you have been postponing, postpone no more, as you now have a friendly website to cater for your needs. 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.
There are various criterion to be considered when looking for a crowdfund site.In addition, seek to understand what happens if you don’t meet your funds target.
Moreover, seek to find out the methods of payments that are acceptable by the crowdfund site provider such as credit cards, PayPal or Google Checkout. 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. If the answer is yes, then perhaps it is wise to search for another website that you can comfortably work with.In conclusion, with so many crowdfunding websites, both the users need to be very vigilant.Always look for more and information about the website. Use the funds gotten from well-wishers to build your dream project, don’t just get the funds and divert it to any other project other than the stated on, keep in mind, this is money that people have trusted you with.