Crowdfunding Reviews the Best Platform for your Start-up. It assists you in choosing the best platform for you where you can execute your creative ideas. Do you know what the Pebble watch, the Dash in-ear headphones, the Formlabs 3D printer, and the 3Doodler have in common? They were all created and marketed through funds that were generated via Crowdfunding. It goes without saying that Crowdfunding has been their assistance when they did not have adequate funds to give life to their ideas. Their brilliant ideas just needed some monetary support; with just a little push, they have now reached the heights of success.

Crowdfunding has enabled so many ventures to succeed and flourish. It gave aspiring entrepreneurs, product developers, and small companies the much-needed financial support to roll out their projects and execute their brilliancy in front of the world. The Crowdfunding Reviews you are shown below will help you make the most of this new phenomenon in order to finance your own ideas and show the business world what you got. You might have the next best invention covered in the dust in your garage. 

What Did We Do Before Crowdfunding?

Crowdfunding Reviews Bum

If you are thinking of starting your own venture, the most crucial thing other than your striking idea is financial adequacy. If you lack the funds, you would have to run to the bank for a loan to help you put your ideas in front of the world.

Do you have the outstanding and groundbreaking idea that you want to try out but lack finances? Do you want a truck to run your own landscaping business? Your ultimate solution is to apply for a loan from a bank. The bank uses the money deposited by their patrons to provide funds for any venture that they deem “safe” enough to return an interest. All this seems very easy, but unfortunately, it’s not. Banks have stringent requirements for issuing a reasonable amount, which is why only a few fortunate people succeed in getting a loan of an adequate amount from a bank.

This does not mean you will have to quit the idea of starting your own business altogether. The Internet has proven to be a great savior when it comes to providing funds to people with impeccable ideas. Investors, people who are willing to put in some money, can choose to back projects. What do these people get in return? In exchange, they get first access to a new product, receive part of the revenue of a small business, or get a heartfelt “thank you.” 

You might be thinking, where do all the Crowdfunding reviews come from? Crowdfunding has been collecting funds for aspiring entrepreneurs for quite some time; therefore, thousands of websites support Crowdfunding. If you want your project to receive funding, you need to find the right one in the shortest time possible. These Crowdfunding reviews can assist you in narrowing your search down.

Should these Crowdfunding Reviews Matter to You?

Before selecting a crowdfunding website to collect your desired amount of funds, it is imperative for you to determine if this type of fundraising campaign will work for you and your business or not. Don’t forget, coming up with an effective pitch will require a deal of time and effort. Apart from the effort, you put in conceptualizing or project, you will have to invest your time and energy in your Crowdfunding campaign. You would require people to spread your campaign idea and make people interested and invested in your idea. This is why Crowdfunding reviews is necessary.

If you don’t have the right reach yet, your campaign will probably not take off. So, ask yourself, do you have enough people in your network to help you spread the word about your crowdfunding effort? If you do not have enough acquaintances to help you support your Crowdfunding Campaign, continue reading the Crowdfunding Reviews. Who knows, you might find a platform that can cater to your needs despite having very few people who can help you out in collecting monetary funds for your project.

How many types of Crowdfunding Platforms Are There?

There are basically five kinds of Crowdfunding: Royalty, Equity, Debt, Reward, and Donation. For this, you require sound knowledge about each type so that you can choose the one that best suits your project fund campaign.


You will have to choose from the above-stated types so that you know which platform to look for when you are finally ready to launch your own Crowdfunding efforts. Don’t forget to go through all the Crowdfunding reviews thoroughly because the companies listed in the Crowdfunding Reviews are not the only ones that exist but are the top ones in each type.

·     Royalty

Royalty refers to the type of Crowdfunding where the investors are offered a portion of the company’s revenue. Please, keep in mind, you will be liable to submit some amount to the investor or people who have out funds in your business idea, and therefore, it comes with a limitation that only accredited investors or firms can invest in your business idea or venture. 

The most popular royalty-based crowdfunding platforms are Bolstr and Pave. Pave backs young, aspiring and career-driven people who promise their investors a share of their income for ten years. It is best for bright individuals who believe that they have a lot to offer or have enough confidence in their business. Bolstr helps small businesses turn the people in their community into investors. They make it easier and cheaper for small businesses to connect with investors and gather adequate monetary funds to support their business

·     Equity

Equity is a type of Crowdfunding where the investors become part owners of the business. The investors will not want some profit amount you make from the business. But will remain a part of your business. For this reason, only businesses are qualified to apply for this type of Crowdfunding, and only accredited investors can put money into your business. This platform is not for you if you don’t want any third-party involvement in your business. This type is perfect for small companies that are planning to use the money to grow. It is crucial for this type of platform that the company has a solid exit strategy to avoid any future inconvenience.

In case of retail companies, the top Equity platform is CircleUp. And for start-ups of various industries, your top option is AngelList. Another option is Seedinvest. This platform is the best bet when it comes to matching investors with clients that are seeking funding. The only downside is that they have a very stringent vetting and painstaking process before awarding you with your required funds. It might take some time and energy to get your funding approved.

·     Debt

Debt is a type of Crowdfunding that works very similar to the way banks approve loans. The only difference with getting funding with ‘debt’ is as opposed to securing a loan from the bank is that they offer to fund for lower interest. According to Crowdfunding reviews this platform is perfect for companies that can show proof of cash flow and have collateral.

Funding Community, the very first US-based Crowdfunding platform, falls under the ‘debt’ category. If you succeed in getting funding from this Crowdfunding platform then, you will be liable to settle a 2.5% origination fee for your initial loan and that too in a 2-year period. You will also have to submit a 0.5% service fee that goes to the lenders or investment firm. Other top Debt-type crowdfunding platforms that lend money via this group are Prosper and Lending Club. Prosper boasts of covering over $5 billion in funded loans. Make sure to look all the Crowdfunding reviews from various trusted sources that could help you learn more about this platform.

·     Reward

The reward is a crowdfunding type that provides investors with access to interesting goods or services instead of profit. This is the most interesting type of Crowdfunding if you have fun and innovative items. If you are certain that you have a product that you know would solve a problem for a lot of people, you might want to explore this type. The only downside with this platform is that a lot of the ventures fail to meet their goals. According to statistics, over half of those that post on platforms under this type fail to launch, let alone succeed.

But, if you had enough following and people that could spread the word about your campaign, you can raise your goal amount in just days. One of the most popular names in this field to date is Kickstarter. It basically promotes projects from creatives such as filmmakers, musicians, artists, and the like. For projects in the fields of civics, business, and science, there is RocketHub. For this platform, you will have to submit your investors 4% of what you raised if you successfully complete your campaign. You can gather more information when you read a few Crowdfunding reviews.

A fairly new platform under this type of crowdfunding is Crowdfunding Bum. This one does not have a platform fee (yet) so you need to make the most of that and act fast. They also have this principle of paying it forward. Every member who wishes to launch a campaign pledge 3% of the total funds to another campaigner of his or her choice. This way, all the campaigners get a chance to get funds for their projects. They also have a community of built-in backers so you are assured that you will receive some money for your venture.

·     Donation

Donation is the type of Crowdfunding that is designed for philanthropic or non-profit projects. Platforms such as WeDidIt, Youcaring, and gofundme help individuals or groups raise money for such endeavors. The investors do not wish to get anything monetary in return. They only get the great feeling of knowing that they aided somebody.

How Do You Go About Getting Funding for Your business or idea Through Crowdfunding?

The very first thing you should consider is the goals of your project before starting a campaign. Ask yourself, “Will people want to invest their hard-earned money for your idea?” Once you have established that, choose the right platform to raise funds for your project. Reading Crowdfunding Reviews is crucial in this area. If you a small business, then go for a platform that caters to small businesses. Once you have selected a platform, you will need to start working on the pitch of your campaign. This is probably the most crucial and challenging thing that you have to work on. You just need to make sure that you:

  • Create a message that can connect people to your cause
  • Present your pitch creatively
  • Highlight the rewards or “perks” that your lenders will get if they choose to become your investor.

If you have the smarts to come up with a great product but are having a hard time coming up with a good pitch, you might need some help from a consultant. Crowdfunding Bum offers this type of service free of charge.

Conclusion

Remember before going deep into any campaign don’t forget to read crowdfunding reviews because this is your project or product that is the heart of your campaign, but the platform that you choose can have a huge impact on it to help you to reach the right people to generate funding. Crowdfunding Reviews that you have just read can assist you in moving in the right direction.

Final thoughts.

We hope you stick around a while to find out more about all that Crowdfunding Bum has to offer. You will find ample reasons to choose us as your funding source. Fresh out of excuses? Click the link below.

Start Now – No Out-Of-Pocket-Cost! >>>

or see our frequently asked questions page