Crowdfunding Platforms

The digital era has made raising funds for your business idea, nonprofit cause, or personal needs easier with the use of online crowdfunding platforms. Crowdfunding is a strategy that focuses on raising smaller amounts of money from a larger collective of individuals.

These backers-as theyre often called-can be offered a number of incentives in exchange for their support:

  • The opportunity to become early adopters of an innovative product
  • The option to pre-order a product and have a say in its development
  • Exclusive rewards like an early bird discount or free swag when you launch
  • Personal access to the founding team or the chance to support people they know personally
  • Equity in an early or growth-stage company with high potential, though this is less common for consumer-facing brands
  • While every crowdfunding site has its own unique features, platform fee/overall fee structure, and user base, the core concept is the same: you submit your project to the platform with a fundraising goal and a deadline and then campaign for support online, often through social media.

Crowdfunding has allowed entrepreneurs around the world to fundraise for their businesses and causes There are typically three types of crowdfunding: reward crowdfunding, debt crowdfunding, and equity crowdfunding. Lets take a look at some of todays best crowdfunding sites, spanning a variety of use cases, you can use to raise funds for your next campaign.

The Best Crowdfunding Platforms: Kickstarter, Indiegogo,Patreon,Crowdfunder,GoFundMe,Fundable,Crowdcube,Crowdfunder,Mightycause,SeedInvest