Roadmap to launch your crowdfunding platform: Business Model & features

1. Roadmap to launch your crowdfunding platform: Business Model & features

2. Crowdfunding refers to the modernized way of funding a project or venture by raising small amounts of money from a large number of people, usually through the Internet. • Unlike conventional finance raising methods, crowdfunding offers a forum for anyone who has an idea to pitch it to potential investors. • The overwhelming business opportunities and blooming global market recognition ignite a new age entrepreneurship pattern and thus bestow immense possibilities into the hands of today’s crowdfunding platforms.

3. Renowned Crowdfunding platforms such as Kickstarter and Indiegogo are the perfect examples of how to propitiously implement a crowdfunding business plan. • As they successfully raised huge revenues from the percentage of the funds raised for other businesses. • This topic reflects a complete guide to support your efforts to set up a crowdfunding platform.

4. Crowdfunding Business Model: How Does It Work? • There exist four pre-defined crowdfunding business models. • Donation • Reward • Equity • Lending • Donation-based model is a perfect fit for community-based and charitable causes where reward model is a variation on donation-based funding, here the investors receive some reward

5. usually in the form of a product or service for which the campaigners are seeking the funding. • Equity business model possesses a traditional trait as the investors typically pay a large amount of money and are given an equity position in the campaigner’s business. • Whilst in lending, original amount is being repaid along with the interest.

6. Every crowdfunding portals incorporate two important entities. • One is project owner (the one who own the idea) and the other is project backer (the one who fund the concept). • Anyone with a sterling idea can list their project complying with the site’s terms and conditions. • Those who are interested in this idea can contribute, where the funding amount and duration of the project are solely decided by the project owner alone.

8. The revenue model of a crowdfunding portal should be profound and entwined. One can possibly include these lines of revenue: • Commission through successfully raised funds • Revenue via listing • Advertising fees ( ensuring better visibility to the campaign) • Provide assistance (assisting in optimizing the project or campaign) • Express listings (promote listings and improve visibility)Shipping services

9. The design should incorporate both entrepreneur’s and investor’s perspectives. Now, let us look into some fundamental facts that might help you build a compelling crowdfunding portal. • Develop dedicated sections to showcase projects, ensure easy navigation • Built-in methods for potential investors to ask questions to creators as well as you • Create a specific page to recognize and reward funders and thus enhance the trust element • Highlight project of the day to encourage more innovative concepts • Enable project owners to talk directly with funders

10. However, we recommend following a Kickstarter like business model, choosing Kickstarter clone script for assured precision and viability. • Check the fundraising software demo here,

11. Features To Acknowledge • An exceptional crowdfunding platform is the one which satisfies the expectations of both creators and investors. • It blends both the ingredients, offers them similar attention and thus delivers a comprehensive solution. • Undermentioned few exemplary features to consider while developing your crowdfunding portal.

12. Functional User Interface For Top-grade flow process • When considering crowdfunding, new ideas are the fuel that drives the business. • So it is recommendable to incorporate relevant categories, and suitable form fields. • Moreover, allow creators to include descriptions, website, images, videos etc related to the project. • In whole, produce a streamlined management system to manage, create, edit and post crowdfunding projects.

13. Even-handed Approach To Incorporate Both Creators And Investors

14. A successful fundraising business concept is to treat both entities with equal importance by assuring similarity and thus create an impression of recognition. • Design an investor alone area where creators can share special updates/rewards with them • Add a specific space for entrepreneurs to showcase their successfully funded projects • Include a ‘get to know’ feature that allows investors to communicate with project owners directly before funding any projects • Allow users shortlist their favorite projects, report those which violated the guidelines

15. Solid Payment Gateways For Flauntless Transactions • A reliable payment gateway system is the most important factor to consider while setting up your crowdfunding portal. • One can always choose between two known payment methods, all-or-nothing or partial models. • The partial payment method includes collecting the money up front and giving at least a certain amount to the project. • Most importantly, pick from the right online payment gateways, Wepay or Paypal.

16. Build A Mobile App For Improved Visibility • Launch a mobile app for both iOS and Android, that might help project owners to track their project’s progress. At the same time, investors will get real-time updates as well. • Every business, whether it is an industry expert or a small one, they all incorporate mobile apps into their business strategies. • This happens as they realize the potential possibilities of mobile applications in improving the visibility and brand recognition, creating a direct marketing channel, enhancing customer loyalty and so much more.

17. Agriya’s remarkable Kickstarter clone is a unique blended, The full-fledged crowdfunding script is a well-sophisticated clone and thus enables you to build a customized reward-based fundraising portal with much ease and great efficiency.

18. Agriya • For more information, Visit our website: www.agriya.com