Few years back it was really tough to get money raised for your dream project. In this article i am going to elaborate the exact concept of crowdfunding in a simple way. Just consider you are assembled along with few of your friends or a sole with some motive. Therefore you need some financing through which you are able to uphold your motive. But it is not possible so easily to make financial arrangements at the initial stage. So one good solution for this is crowdfunding. Crowdfunding means several websites expose your motives in front of the world. Take an example that you have put in front your activity on some crowdfunding sites and you are asking assistance. So on these sites peoples from the world raise funding for your project. Suppose you are having a task whose costing goes up to 350,000/- then you can ask for help on these crowdfunding websites.
Crowdfunding partially includes three different group
1. Crowdfunding websites – These websites put forward the task completed or many different projects created by you or your group. One basic thing related to crowdfunding websites is they take 5% – 10% on the commission basis out of the total money which is raised by the people.
2. Organizations who are in need of money – It’s you or your organization who needs finance to be raised for execution of your project. The amount to be raised depends on size of project.
3. Individual who donate money – Individual donate money only if he is interested in the project. The donation amount falls in range, this range changes according to websites. The least donation can start from 50 and the maximal can be 500.
Relevant projects for crowdfunding
There is a specific criteria needed for your activity and you cannot expect that money can be raised for every project of yours. For this you are required to know various kinds of projects for which expected figure of money can be raised. Here in this country money can be raised for following topics through crowdfunding.
- Brief films ad docudrama – If you are making short films or docudrama for awareness in the society then you can get money through crowdfunding. I guess you can raise money up to Rs700000/-
- Foundation companies – Crowd funds also helps to generate money for starting your own company. Crowd fund is the best option for those who wish to start a company but don’t have sufficient capital.
- Ebooks books & sponsorship – If you are dreaming for writing and publishing books then crowd fund will help you to get what you want.
Following are few good websites from India and USA for those who wish to prefer Crowdfunding
1. Wishberry – This is amongst the good site for crowdfunding.
2. Catapooolt – This website is good for crowdfunding which is in India. You can go for it if you wish to complete your undone project.
3. Ketto – This website is live just from few months before. Visit to get more information about this.
4. Indiegogo – This is one of the best website to which many peoples follow. You can follow this website get funds for completing your projects.
5. Kickstarter.com – This site ranks first in the list of best crowdfunding website all over the world as it’s the first to start this trend.
I would suggest you to go through these websites to know more. Apart from these there are few websites that said yet to be coming in the market like Hotstar, Funda Peer, Pik A Ventura etc. If you wish your dream project to come in reality then you should prefer the crowd fund for sure. Now I will discuss through the example of the best American crowdfunding website www.kickstarter.com. You can visit this site and start a project. You need to elaborate the information of your project you want to start. Your project information should cover images, clips as well the sketches including the demonstration so that the peoples can easily get to. Next you are supposed to mention money that you require for your project. You are required to set arrange of the donation amount which changes from site to site. Read every detail carefully before you hit on start the project button. Along with this i would like to share with you is, it’s very necessary for you to reach to such individual who are interested in raising fund for you project. And it’s also necessary for you to do some offline advertising like conduction of seminar, distribution of pamphlets etc. In short you have to take more efforts to get money raised for your cause.