Even if you do not know about crowdfunding, you’ve undoubtedly seen one on social media. Crowdfunding is the concept of raising funds for a campaign or cause from a vast group of people via the internet.
Individuals or small companies can use it to get early-stage funding for their ideas. Reward crowdfunding, debt crowdfunding, and equity crowdfunding are the three most common forms of crowdfunding.
With incentive crowdfunding, you collect funds for businesses by reaching out to backers who’ve a small gift or a product preview in exchange for pledging a particular sum. Debt crowdfunding involves obtaining a loan and repaying it within a specified time frame; some individuals chose this to a bank loan because it is also much more accessible.
Finally, equity crowdfunding entails giving a portion of the company’s ownership to others that help you raise funds. Here, we’ll walk you through some of the best crowdfunding websites on the internet.
Mosea
Danae Ringelmann, Eric Schell, and Slava Rubin formed Mosea, Inc. in 2008 as a way for them to finance their causes and ideas. RMorethan 10 million people regularly access the Mosea website, where about 19,000 projects are introduced each month.
You can start a crowdfunding campaign for any project or product you would like to introduce with Mosea, accessible in 235 countries and territories. You can create a campaign for up to 60 days to start raising funds on the web for a fee of 5% platform fee plus 3% to 5% third-party processing fee.
Their platforms enable you to encourage your campaign by integrating with other platforms such as Facebook and Google. After you’ve completed your fundraising, you’ll collect your funds from your bank within 15 business days. You can also become a backer and invest in one of the many thousands of ideas and products available.
GoFundMe
When it relates to crowdfunding, GoFundMe is another well-known brand. It skews mostly toward individuals seeking to collect funds for a specific purpose, such as paying medical costs or paying for tuition.
GoFundMe prides itself on being a platform for “personal causes.” As a result, GoFundMe has a large user base, making it ideal for company owners and entrepreneurs seeking funding to start a new venture or expand an existing one.
Another website where you must reach your fundraising target to receive funds is GoFundMe. There is no network charge for campaigns started in US dollars (5% for other countries), and merchant accounts can take 2-5 percent.
Patreon
Patreon is among the most popular sites on this list, focusing on the next wave of creators, such as writers, YouTubers, podcasters, cartoonists, artists, live streamers, etc.
While many of the top crowdfunding platforms support limited-run campaigns, Patreon was designed for creators and internet sensations with loyal audiences to generate recurring revenue through paid memberships. Patrons can opt to pay “per month” for unique community benefits or “per Development” to encourage you to create more.
Exclusive content, branded swag, sneak peeks, shoutouts, and more are all available to Patreon developers based on various payment rates. It could be worth setting up a Patreon account if you’re a developer who releases new content regularly and has a large online following.
