Member Article

Fundraising for your Mobile App gets Simplified with Crowdfunding

Have you ever considered starting a new venture??? If so, then you will have an idea how difficult it gets to raise funds for your business.

Starting any new venture faces multiple obstacles. Even if you launch an application for a smart phone platform, there are few hurdles that you need to overcome. Before you earn a handsome return on your application, it is quite likely that you have to invest a lot more.

Among many hurdles, raising funds is the most difficult one. Nothing comes free of charge. You need money for each and every step you take towards building up your business or developing your mobile application.

So if you are facing such issue then consider raising finance from any of the popular crowdfunding applications available for you.

Before we consider the various options, allow me to introduce this particular term for you.

What is crowdfunding?

It is just an application that allows you to raise funds from your friends, families and others through any of the popular social media platforms. It is about persuading any individual to lend you a small donation. If you succeed in convincing thousands of donors, then you have raised quite a handsome amount of cash in hand. The money raised not only benefit any new startup but this raised money can be used for other purposes. Eg: If you are planning to conquer Mt. Everest or require money for medical emergency etc, crowdfunding applications can be the perfect solution for you.

In fact, you do come across such posts in social media platforms requesting users to donate a few bucks to meet certain emergencies.

What are the benefits of using crowdfunding?

For startup ventures, this option has proven to be highly beneficial. Let us get a brief understanding of the many benefits that can be drawn from incorporating such an option.

Reach out to a wide range and variety of investors for fundraising campaigns at a go The crowdfunding applications allow you to present your proposal using the various tools embedded in the app itself.

You can share and promote your work across multiple platforms such as social media, along with raising funds for the same.

You can revalidate your concept based on the potential investor’s feedback. It streamlines the complex process of fundraising by taking away most of the paperwork and the need to approach individual investor for your business. Now let us explore which are the most popular applications that best suite your business’s requirements.

Which are the different types and 4 popular crowdfunding platforms for you??? The platforms can be segregated into three popular categories: Donation-based, Reward-based, and Reward-based crowdfunding.

It is highly crucial to choose the most appropriate platforms that will go a long way in acquiring success for your venture. Few popular names have been mentioned here. Kickstarter- This particular platform, an origin of United States of America, is one of the best suited for the most advanced and complex yet the most innovative and original concept of mobile application. This platform is considered one of the popular among the rest.

Indiegogo- This is a flexible platform for fund raising and the benefits derived from this one is pretty similar to those obtained from the first option mentioned above. It allows donors to contribute funds for any idea, charity or a start-up business and charges a 5% fee on each contribution.

Crowdcube- Origin of UK, it is an award winning and one of the longest established platform. It enables any individual to invest alongside professional investors for start-up, early stage and growth businesses through different investing options such as equity, debt and investment fund options etc.

Ketto- It is an Indian origin fundraising website to collects donations for social, creative and personal causes from a large number of people who share similar passions or your concerns.

Summing UpThere are many more options in the market for you to choose from and make your decision which one you wish to opt for. Now you can consider investing more of your time and money in building your mobile application and keep the headache of fundraising on your chosen crowdfunding platform to raise the much required money for every stage in maintaining your venture or mobile application.

This was posted in Bdaily's Members' News section by Mary Smith .