Crowdfunding – a word combining two terms that are at least synonymous. Perhaps even more emphasis should be placed on the first term: crowd. After all, crowdfunding is much more than a mere alternative financing method to a bank loan or funding acquired from professional investors. The “crowd” – i.e. the people who are willing to give you money for your idea or project, sometimes with and sometimes without a direct return – is particularly valuable, far beyond the amount of money they donate. It is a community that believes in you and your project. These people are interested in what you are doing. Your supporters may even develop a sense of responsibility for the project they are helping to fund and participate in the development process by exchanging ideas, discussing them and providing valuable feedback and information. Crowdfunding = community management? The story doesn’t end with your project idea. Instead, the most important part of crowdfunding now begins: defining...
Have you been sitting on a crowdfunding project idea for a while now? These 10 steps will help you to successfully launch it.
Step 1: Understand the principle of crowdfunding
With Crowdify’s “reward-based crowdfunding”, you decide on the target amount, your crowdfunding’s duration (3 to 50 days) and the goodies you’ll use to reward your boosters. Boosters can also choose to support you without receiving any goodies.
Most crowdfunding platforms use an all or nothing approach. If you reach or exceed the target amount, the money is paid out; if you don’t, the money is returned to the boosters. If you are unsuccessful, you don’t have anything to pay. If you are successful, most platforms charge a commission of around 10%, which also includes any credit card fees.
Generally, project initiators get money from 3 different sources: from family, friends and acquaintances (the crowd), from distant acquaintances and acquaintances of acquaintances (network) and from somewhere...
Crowdify helps you turn your ideas into successful projects: as well as lots of know-how and tips and tricks, we also give you access to a big network, and personalised, simple support. As such, we take fair fees in the form of a commission. You only pay if your project is successful and you can enjoy even more advantages:
Bigger projects mean lower fees
Planning an extra-large crowdfunding project? Then you can benefit from progressively lower fees for your project. For target amounts over CHF/EUR 200,000, you pay progressively lower fees:
For a successful target amount of...
... up to CHF 200,000: 9% platform fee / 11% for funding in stages ... up to CHF 300,000: 8% platform fee / 10% for funding in stages ... up to CHF 400,000: 7% platform fee / 9% for funding in stages ... up to CHF 500,000: 6% platform fee / 8% for funding in stages ... over CHF 500,000: 5% platform fee / 7% for funding in stages
Sounds good? Then get started on your project here ....
