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The Complete Guide for Beginners To Kickstart a Crowdfunding Platform

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The Complete Guide for Beginners To Kickstart a Crowdfunding Platform

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Crowdfunding platform involves pooling various small amount of investments from a large number of people via the internet. This business platform is very popular for supporting new entrepreneurs wishing to start their business in any vertical without facing any financial crises. As of July 2017, Kickstarter, a leading global crowdfunding platform consisted of 12.4 million users , with pledges of $2.865 billion and over 100,000 projects funded to date, since its launch. If you want to start a crowdfunding platform, you may have many decisions to make, including your business model and exactly how to build the platform based on that model. Below listed are the guidelines for starting a successful crowdfunding platform.

You need to decide on the crowdfunding model before you setup the platform. There are various options like equity, debt, rewards-based and donation-based funding. In rewards-based funding, backers give the money in exchange for a reward. In donation-based, donors donate to support a cause they believe in. Equity funding has the investors investing money to get an equity share in the company. In debt crowdfunding, lending is done with an expectation to get back the amount with interest.

You may offer any one of them or even create compound versions.

Research and prepare a business plan

You need to conduct a market research and decide on your target audience. You can initially start with a narrow focus. As there are many different industries and groups, catering to a small niche may work best.

The information that you research and find out will help you get a clearer picture of your industry, which parts are growing, and how you can stand out from your competitors.

Create a comprehensive business plan, which will give you a step-by-step guidance to run your business. You can include everything in it like the important details about your company with its goals and objectives, target market, estimated costs, projected earnings, market analysis and plan, etc.

For starting a crowdfunding platform, having a highly-functional website is important. You need to get a website built that is user-friendly and has an intuitive website navigation, advanced project search, well-organized categories and social media integration. You also need to ensure that your website supports secure and transparent transactions.

As a startup, your platform can't be on the scale of Kickstarter, but you can scale your crowdfunding business with the replica of Kickstarter business model. Besides, you can include the features and elements present in it to ensure the success of your business. Henceforth to create a website you get 2 alternatives to choose, first is website development from scratch and second is getting a readymade website clone from the companies who have specifically developed such platforms to serve crowdfunding businesses. However, getting a website clone is preferable in this scenario, as it saves time and money while building a website from scratch is not easily done.

You might love watching one such ready-made kickstarter clone script - FundForIdea, developed by ClonesCloud that lets you get started with a unique platform similar to that of Kickstarter. Additionally, this meticulous kickstarter clone can also be customized as per business requirements.

Below are the two revenue models, which you can adopt in your crowdfunding website.
(A) Transaction Fees:
You can charge transaction fees from the money raised over your platform. Kickstarter uses this revenue model charging transaction fees of 5% on all projects that are successfully funded. They also charge the card processing fees of 3% to 5%. The main benefit of this model is that there is less risk for startups to raise money on the platform as it doesn't cost them until money isn't raised.
(B) Donation
This is a popular model, especially among non-profit or donation-based crowdfunding platforms. This model works well for charity-based websites because the donor feels a duty towards the fundraiser.

This model can be applied to platforms other than donation crowdfunding also. You can ask the funders to donate when they are checking-out.

It is important to popularize your new fundraising website to get the initial user-base. Getting the first investor on the platform is a difficult task; no-one invests as no-one else has yet. This leads to the chicken-and-egg problem!

It is, therefore, crucial to carry out online marketing and promotional activities. You need to create a buzz around your website to get the initial investors on board. By running PPC campaigns, you will be able to get traffic on your website. You can even carry out SEO and social media activities to get higher rankings and connect with your audience respectively.

You can get involved in communities where investors are already interacting. Also get in touch with bloggers and media for your launch.

Rather than investing all your resources on one marketing medium, you can diversify and leverage the benefit of each of them.
Conclusion
These points will give you a basic idea of what exactly goes into setting up an online crowdfunding business.

Startups are launching new platforms every day, so you need to put in efforts to stand out from the competition. You have to ensure that there is proper planning in place and the required marketing and social media skills and networking for you to succeed.

Since crowdfunding involves handling people's money, there is an increase in the risk of litigation. Once everything is setup, you need to launch your business and start marketing it effectively to attract more investors. It might take a few years before your platform starts to become known. First, you must attract smaller projects, then a few remarkable projects that can help you gain media attention. Over time, the number of investors/backers will grow, and you can showcase notable projects on social media to bring in more backers!

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The Complete Guide for Beginners To Kickstart a Crowdfunding Platform - Blog - ClonesCloud

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Crowdfunding platform involves pooling various small amount of investments from a large number of people via the internet. This business platform is very popular for supporting new entrepreneurs wishing to start their business in any vertical without facing any financial crises.

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Kickstarter Clone: Your Ultimate Source To Launch Customized Crowdfunding Website

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Kickstarter Clone: Your Ultimate Source To Launch Customized Crowdfunding Website

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Based on the latest statistics, the industry of crowdfunding has generated $2.1 billion last 2015. The numbers grew to 75%-100% last 2016. This incredible growth of the industry opens a vast opportunity to the Kickstarter clone script. By using this script, it will be a lot easier for you to reach your prospected audience all over the world.

Essential Elements of PHP Kickstarter Clone

The Kickstarter Clone developed by ClonesCloud is designed using powerful software that will provide you with a personalized and ready-to-use crowdfunding platform. The PHP script will save you an enormous amount of time since it allows you to launch your own platform in just a couple of minutes. To ensure the viability of your website, make sure that it comes with salient features that will improve user experience and reliability.
User-Follow
Your members should be able to connect with the other members allowing them to grow their social circles. With this feature, you can build an active community who shares the same passion. The users can also grow their connection and find people who have a common interest.
SEO Friendly
You also need to ensure that your Kickstarter clone script can be listed by the search engine robots. The structure of the script, as well as the URL, should be optimized. Due to the increasing number of people who are accessing the internet through their mobile devices, you need to make sure that your website will be responsive.

Also, check-out 4 Crowdfunding Models you can Implement in your Crowdfunding Platform
Social Integration
Your guest should be able to sign-up on your Kickstarter clone using their social media account. This is a convenient way for them to join rather than filling up a long sign-up form. In addition, they should also have the ability to use the amazing features of social media platforms such as sharing their campaign, invite their friends and others.
Multi-Lingual Support
For those who want to expand their reach overseas, your Kickstarter Clone website should have a multi-language support feature. This will also help the campaign owner to attract possible investors from the other parts of the globe. In connection with the multi-lingual support, you should also consider multiple currency support systems. This will make it more efficient and convenient for people who live away from your country.
The Payment System
The payment system of your Kickstarter clone script should be secure, such as PayPal. It should allow you to quickly optimize your payment gateway. Aside from an easy payment system, it needs to be reliable and secured.

The Kickstarter Clone of ClonesCloud provides myriads of benefits. You can easily configure it and add the essential features that we mentioned above. It allows you to personalize your platform to address the demands of your industry.

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Kickstarter Clone: Your Ultimate Source to Launch Customized Crowdfunding Website

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Based on the latest statistics, the industry of crowdfunding has generated $2.1 billion last 2015. The numbers grew to 75%-100% last 2016. This incredible growth of the industry opens a vast opportunity to the Kickstarter clone script. By using this script, it will be a lot easier for you to reach your prospected audience all...

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Why a Kickstarter Clone Script makes it Possible for Crowdfunding Website Users to Lead in the Online Market?

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Why a Kickstarter Clone Script makes it Possible for Crowdfunding Website Users to Lead in the Online Market?

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Why a Kickstarter Clone Script makes it Possible for Crowdfunding Website Users to Lead in the Online Market? " Kickstarter Clone Script

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Kickstarter clone refers to a web-based platform used by innovators to raise funds for the execut...

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Result oriented Kickstarter Clone Script that helps to build your crowdfunding and fundraising platform

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7 Things to Never Forget About Fundraising Business

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7 Things to Never Forget About Fundraising Business

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php kickstarter clone script

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For your business idea to become a profit generating business, you need money as capital to invest in acquiring your inventories. Getting funds has been a major challenge for many entrepreneurs, but through fundraising, you could end up earning enough money and support to start your business. A common trait of the societies is that they like taking, but they don't like giving so you could face a lot of barriers if you don't know exactly what to do to convince people to donate something in your business capital. Some have ventured into making fundraising websites using the Fundraising Software, but you need to know some tips before you start the process.

Conducting a fundraising to start a personal business may be deemed as a selfish act by the people. You need to explain the mandate or goal of the business to the people and how it will be of benefit to them. In your Kickstarter Clone script, you can write on the ''About us'' page what the business all about and how people will benefit from it.

You are starting the business, you neither have the funds nor the experience but you still have a vision of succeeding. Approach those who have already flourished in the business and make sure that you explain to them the goals and ambitions that you have towards the business idea. You can use the PHP Kickstarter Clone to create a customized fundraising website with incredible content that will help in communicating to the outside world.

Acquiring funds is a daunting task especially if the funds are for actualizing an abstract business idea. You need to associate yourself with the people who understand risk taking and who understand that businesses were once ideas before someone took the risk and invested money on those ideas. Such people are the ones who will advocate for your business financing by the lending institutions. You can make a fundraising website using the crowd funding script where people will be contributing to a shared pool.

People usually judge your sincerity by looking at your business activities and how you are determined to make them your business idea to become real. If you make the best fundraising software, for example, people will see that you have moved miles ahead. You can as well create a business website using the Kickstarter Clone. Such moves will help you in directly connecting with your potential partners and it will also depict a certain level of commitment.

It is hard for a new entrepreneur to get donations from people because majorities don't have trust in the new entrepreneurs. To erase the doubt and buy their trusts, get recommendations from successful business people and let them donate as well to convince other people who could be having doubt on your capabilities.

Many people would like to know where and how their money is being utilized. On your Kickstarter clone website, you can add a feature that shows the expenditure of the raised amount. Such transparency will enhance the trust and build the donating spirit of people.

This is a place where people will be getting all the information that they want. You can link the website to social media accounts and make it SEO friendly so that you reach a large number of audiences. Such efforts will get you acquire new people and retain them thereby raising your capital. You can use the Kickstarter Clone to make the most appropriate website.

There are 4 types of crowdfunding business models, so first, decide which model you want to implement on your fundraising platform. FundForIdea - a Crowdfunding Script is compatible with all models, so you can start your business with ease. Here is the demo link, so check it out.

To conclude, fundraising requires a lot of goal setting and planning for it to be successful. Make sure that you be straight forward in expressing your ideas to the donors for you to get enough support.

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7 Things to Never Forget About Fundraising Business

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For your business idea to become a profit generating business, you need money as capital to invest in acquiring your inventories. Getting funds has been a major challenge for many entrepreneurs, but through fundraising, you could end up earning enough money and support to start your business.

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Top 2 Crowdfunding Platform to Consider While Starting up Crowdfunding Business

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Top 2 Crowdfunding Platform to Consider While Starting up Crowdfunding Business

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Kickstarter clone

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ClonesCloud - Top 2 Crowdfunding Platform to Consider While Starting up Crowdfunding Business

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To seed capital for new companies getting troublesome to discover by the day, many Entrepreneurs are taking a gander at crowdfunding stages to raise f

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What you ought to have on your Kickstarter Clone

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What you ought to have on your Kickstarter Clone

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Kickstarter Clone Script | Fundraising Software - FundForIdea

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FundForIdea is the result oriented kickstarter clone script that helps to build up your own fundraising platform in no-time.

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Fundraising Software for fundraising platform

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Fundraising Software for fundraising platform

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Funding is the most valuable asset to start any business, and raising the popularity of fundraising platforms to meet the required fund is the proof of that. To collect the required fund entrepreneurs and start-ups choose one easy option and that is fundraising platform. Due to this growing trend in fundraising service, the demand for such platforms is increasing.

Kickstarter Clone Script for Fundraising Business

To ease in starting a fundraising platform, ClonesCloud has developed a Kickstarter Clone Script. This script provides the base of crowdfunding marketplace platform and helps to build a website similar to Kickstarter.

As we all know that Kickstarter is a global platform where people can submit their project ideas to get monetary help from a venture capitalist. Lead a fundraising or crowdfunding website with FundforIdea - An effective Kickstarter Clone. FundforIdea is an innovative Crowdfunding Clone Script that helps fundraisers to get funds from the crowd.

With an aim to make the running of a dynamic reward based fundraising business we have developed FundforIdea. And this becomes possible because our Script incorporates some really helpful features. So, build a powerful fundraising platform and serve your clients with easy funding.
Dominant Features

Custom Service with Kickstarter Clone

Our Kickstarter Clone Script meets the cutting-edge technologies as it is designed with latest web technologies like PHP, HTML, MYSQL and more. With a ready-made clone script, you can build a site easily with pre-loaded features. But, if you are not satisfied with these features, customized Kickstarter Clone is the best option for you to reach your requirements. FundForIdea is 100% customizable, so worry not and add the features you want.

Easy to Use Script for All

FundForIdea provides ready to launch web platform and it acts as a connecting platform for fundraisers and donors (backers) from all over the world. Fundraisers can easily upload their projects, define the goals and the required fund. Backers can easily check these profiles and after going through that they can donate fund using a secured network.

Our demo of FundForIdea will give you a full idea about how this script will work for you, so go ahead and take a look.

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Funding is the most valuable asset to start any business, and raising the popularity of fundraising platforms to meet the required fund is the proof of that. To collect the required fund entrepreneurs and start-ups choose one easy option and that is fundraising platform.

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Kickstarter Clone, Kickstarter Clone Script, Fundraising Software & Script | ClonesCloud

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Kickstarter Clone, Fundraising Software - FundForIdea is absolute Fundraising script for your fintech startup business. It is a ready-to-launch platform to kickstart your business website easily and hassle-free.