Roadmap to launch your crowdfunding platform: Business Model & features

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Roadmap to launch your crowdfunding platform
Business Model features
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• 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 todays
  crowdfunding platforms.

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• 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.

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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

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• 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 campaigners business.
• Whilst in lending, original amount is being
  repaid along with the interest.

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• 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 sites 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.

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• 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

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• The design should incorporate both entrepreneurs
  and investors 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

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

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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.

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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.

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Even-handed Approach To Incorporate Both Creators
And Investors
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• 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

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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.

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Build A Mobile App For Improved Visibility

• Launch a mobile app for both iOS and Android,
  that might help project owners to track their
  projects 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.

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• Agriyas 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.

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