.You
determine what to offer: rewards or equity. See
below for more information.
You set your
goals and deadlines
You pay a fee
You determine
how long you want the project to available for the
public to make donations. The maximum time limit
is 180 days.
If your
funding level is not met donations are returned unless
donors agree to approve the funding anyway. Some
sites employ what is called a "Tipping Point".
This is the minimum amount of donations needed to get
the project started. Once this point is reached
there is no returning of donations to donors.
Tipping Point normally starts at around 25% of requested
funding.
Projects must
meet the guidelines of the particular crowd funding site
Projects can
be approved and posted within 24 hours
Crowd Funding
sites generally do not accept projects involving
pornography, violence You have
to make a promotional video with your self in it to be
posted to the project site. Most sites require
your appearance in a promotional video.
There is no maximum limit on the amount
of money you can raise. The minimum is usually set
at $100. You can use social
media to promote your project and encourage donors to go
to your project site and make donations. |