What Crowd Funding Site is Best for You?

Here are some ways to tell which sites would work best for you, depending on your project.

multi-lightbulb-header (1)

By Chris Wallace,

You have the idea, you have the drive; all you’re missing is the money. Whether you want to make the next hit indie film, rock album or to raise funds for a non-profit, online crowd funding can be a great way to back your project.

How Crowd funding Works

Donation-based crowd fundraising rewards those who give money with some sort of perk such as a shout-out by the artist, a spot as an extra in a film, an autographed picture or a first edition of a new product. There are typically various tiers of donations with different incentives. This model is the most common and how online crowd funding began, although investment crowd funding has recently begun to build steam.

Here are some ways to tell which sites would work best for you, depending on your project.

Crowdfunding for creative projects

  • Kickstarter was one of the first sites for crowd funding and is focused heavily on the arts and new tech gadgets.
  • Indiegogo is also a good place for albums, movies or any other creative endeavors but also allows crowd backing for other ventures.
  • RocketHub allows an artist seeking financial backing to connect with marketing and promotion partners to further expand awareness of the project.

Raising money for businesses

  • Crowdfunder is designed to help entrepreneurs by localizing their search for capital through connecting business owners with nearby investors.
  • SoMoLend helps provide lending for small businesses by teaming up with banks to come up with loans, as well as assisting business owners in getting friends and family to help out.
  • AngelList is a good site for tech startups that already have a lead investor.
  • Invested.in has a more narrow focus for those looking to garner support for a niche in the market.

Finding backers for charitable projects

  • Crowdrise is a great place to raise money for charity and was named a “Top 25 Best Global Philanthropist” by Barron’s. It includes a point system for keeping up with the donations of various organizations.
  • Indiegogo is also good places for do-gooders to turn for a helping hand.
  • GoFundMe can work for charities but can also be used for personal donations such as helping raise funds for a vacation or medical bills.

Sites for Inventors

  • Quirky is place for inventors and designers to both crowd fund and collaborate. The community can contribute not only money but also ideas.
  • For the mobile developers out there, Appbackr is designed specifically for getting apps off the ground.

Celebrities turn to crowd funding

It’s not just ordinary people turning to the public to generate income. Some high-profile celebrities have used crowd financing and found tremendous success. To fund the big-screen debut of the TV show Veronica Mars, creator Rob Thomas turned to Kickstarter and shattered crowd funding records, bringing in over $5 million dollars.

Zach Braff turned to the masses for the follow up to 2004′s sleeper hit Garden State. In just the first day he raised $1 million for Wish I Was Here and when the campaigned closed he’d raked in over $3 million.

More recently, actor James Franco jumped on the crowd sourcing bandwagon on Indiegogo for a series of short films based on his hometown Palo Alto. Franco offers a cameo in his film to anyone who donates $5,000 and a personalized voicemail for those who donate $450. Melissa Joan Hart has also used crowd sourcing.

Controversy over celebrity crowdfunding

There has been a fair amount of backlash over established artists using crowd sourcing. Purists have claimed that it’s ruining the essence of the model, which is to allow everyday people with a dream to make it a reality. They claim that there is no need for big-name artists with millions of dollars to seek help from the public, and that by doing so they are taking attention away from the people who truly need the help. The other side of the argument would be that artists like Zach Braff writing and directing an indie film such as Wish I Was Here aren’t controlled by the studios and can make the make a much more personal and authentic product.

Do you have any other suggestions of crowd funding sites and what are your thoughts on celebrities using them
Read more at http://www.business2community.com/online-marketing/crowd-funding-site-best-0645730#TGapgAKbVQSsZA43.99


ForbesHow Crowdfunding Can Supercharge Your Campaign In 2016ForbesThey say that there are about 7.45 billion people living in this world right now. Imagine that if you could get each of these seven-and-a-half billion people to contribute one cent to your project, well, you know what I [...]

ForbesHow Crowdfunding Can Supercharge Your Campaign In 2016ForbesCrowdfunding has helped a lot of businesses recently. Want to join the queue? Here's how to raise funds for your projects.and more » [...]

San Antonio CurrentSan Antonio Cat Cafe Launched 20K Crowdfunding CampaignSan Antonio CurrentAs Austin's Blue Cat Cafe turned one (and dealt with some gnarly vandalization), San Antonio's Cat Cafe launched a GoFundMe crowdfunding campaign to help open its doors. Casey Steuar [...]

BillboardCrowdfunding for His Life: How GoFundMe Helped Save a Punk Legend's LifeBillboardSo on the advice of a close friend, Julian -- like an increasing number of aging musicians without a lucrative record contract -- turned to crowdfunding, launching a campaign on the No. 1 pl [...]

Minneapolis Star TribuneSEC releases new, relaxed rules on investment crowdfundingMinneapolis Star TribuneNew rules announced this week will make it easier for small companies to raise capital from small-time investors, another step forward for Minnesota's fledgling investment cr [...]

The GuardianCrowdfunding: the new buzzword for academics needing research moneyThe GuardianArchaeologist Dr David Petts, from Durham University, has also used crowdfunding, raising almost £25,000 to fund a project on Lindisfarne, off the Northumberland coast. The dig, in June, led to [...]

How Crowdfunding Has Changed the Startup GameSingularity HubCrowdfunding has become a multi-billion-dollar industry, funneling millions of dollars into thousands of projects. Technology in particular is one of the leading categories on popular fundraising platforms like Kickstarter an [...]

The RecorderFTC Hears From Company Leaders as Crowdfunding GrowsThe RecorderSACRAMENTO — The future of crowdfunding is one of specialization, with an ever-increasing number of firms finding niches in equity, nonprofit and even creative projects silos, industry leaders told a Federal T [...]

Crowdfunding in commercial real estateJournal Record (subscription)jdavidchapman In 1997, a British rock band funded a reunion tour through online donations from its fans. This may have been the first example of a concept now known as crowdfunding. The crowdfunding industry has quickl [...]

Crowdfund InsiderWhen It Comes to Retail Crowdfunding, SAFEty FirstCrowdfund InsiderOn September 22nd, Crowdfund Insider published a post summarizing the arguments presented in our new essay entitled “Crowdfunding and the Not-So-Safe SAFE“ (forthcoming in Virginia Law Review Online). [...]

CFB Finance

Press Release

CrowdFund Beat News

Hello @CrowdFundBeat's 17363 followers - thank you so much for following! Wishing you all a happy Thursday! >> bit.ly/_want_this_free

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |