How to Build an Online Crowdfunding Platform like Kickstarter?


Kickstarter - A Crowdfunding Platform

Kickstarter is an American crowdfunding platform based in Brooklyn, New York, that focuses mainly on creativity. The mission of the company is to “Help bring creative projects to life”. According to the report of December 2019, the Kickstarter has received greater than $4.6 billion in pledges from 17.2 million backers to fund 445,000 projects like music, comics, video games, stage shows, journalism, technology, publications, and food-related projects. Kickstarter turned many projects into a highly successful project. Let us know a few of them: 

- Coolest Cooler - with $13.28 million
 - Double Fine Productions - reached $ 3 million
 - Pebble Time - with $20.3 million 
 - Oculus VR
 - Armani’s Micro 3D Printer
 - M3D

Pebble Time is the largest successful Kickstarter campaign. Almost every project will be reward-based crowdfunding. Investors may get a chance to take part in the launch of the product cor may get gifts/rewards, etc. Equity-based crowdfunding lets the startup entrepreneurs raise investment money by offering investors equity in the progress. 

What are the major steps to build a perfect Crowdfunding Platform?

 * Determine the aim of Crowdfunding Platform
 * Be aware of your target audience
 * Go for the right platform
 * Have a look at funding options
 * Payment Incorporation

Wrapping Up

Prior to Crowdfunding, fundraising for the small scale industries have been so hard and was never easy. Based on the report, the fundraising industry is expected to reach a value of $300 billion by 2025. But Nowadays it is not a big deal to get investors for an attractive business idea. Crowdfunding platforms are gaining prominence as it attracts the attention of hundreds of investors to invest in the ‘next big thing’. 

Got an Idea of starting a Crowdfunding Platform? Startupmart offers the Best Crowdfunding app for your online fundraising business. Kick-Start your Crowdfunding business now, as it is a future-gen business model.

To Know More About Crowdfunding,
Visit: https://www.startupmart.net/build-crowdfunding-fundraising-platform

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