Indiegogo: Indiegogo Crowdfunding for Entrepreneurs
What is Crowdfunding?
Crowdfunding is a way individuals, Non-Government Organizations and Businesses raise funds. The funds are sourced from the general public or corporations. The finance is geared towards a campaign, development of a project, cause or financial growth.
This platform Idiegogo changes ways ideas come to life. They have raised across all project over $1Billion dollars with 11million contributors in the community. Contributors account for 650 plus projects with over 223 countries and territories as users. According to the site the most a campaign success goal exceeded 18,983%
How it Works for Entrepreneurs
There are two platforms to actualize your crowdfunding goals. You have the crowdfunding template and in-demand campaign
Crowdfunding-If the company has an innovative concept funds are raised through crowd funding. They start a crowd funding campaign to acquire startup capital and validate the ideal to a global network of adopters.
In-demand campaign- once you actualized the crowdfunding campaign you continue raising funds, build a community with indemand. This system guarantees no deadline limit or fundraising target. More than a crowd funding platform the entrepreneur services offers resources and services to empower entrepreneurs.
Get expert help
Get the right expert help and advice for your business though new experts directory. You will discover vetted companies to help take product to the market and launch your campaign. Experts include fields like marketing/communications, fulfilment, retail licensing. Others include creative services, prototyping and production.
Expert Advice on
- Retail licensing
- Creative services
Things to consider
There are four important things to consider before starting a campaign, use the expert directory. Others are visit the education center then learn the benefits of the idea through indiegogo information.
- Start a Campaign
- Use Expert Directory
- Visit Education Center
- Indiegogo Information center
How Indiegogo Works
The entrepreneur needs to explore all projects subheadings to know where his ideas fit. Projects are segmented into community projects, creative works, technology and Innovation.
- Community projects
- Creative works
- Technology and Innovation
Technology and Innovation
Technology includes foods/beverages, energy/green technology, camera gear and audio. Others are fashion/wearable, education, home and health/fitness. More include phones/accessories, productivity, travel/outdoors and transportation.
- Foods and beverages
- Energy and green technology
- camera gear and audio
- fashion and wearable
- health and fitness
- phones and accessories
- travel and outdoors
Creative works are video games, tabletop games, podcasts, blogs and Vlogs. Other are comics, art, music, film, photography, dance and theater. You have web series/TV shows, writing and publishing. Community covers environment, human rights, wellness, local business, culture.
- Video games
- Tabletop games
- Web series
- TV shows
- Human rights
- Local business
Fees and Prices
Campaigners are subjected to certain fees and prices. The website charges 5% platform fee on all funds raised in your campaign. The fees are not deduced from the goals you set rather on deductions on funds you raise.
There are also payment processor charges based n local currency or conversions. Fess to consider are transfer fees, transaction fees and platform fees.
ansactions are done in US Dollars and some currencies. Other currency transactions on payment system are CAD, DKK, SEK. More include HKD, GBP, CHF, SGD, SEK, NOK, AUD.
Currency /Transaction Fee/Transfer Fee
USD (with US bank account)
Fr 25 CHF
Kr 175 DKK
Kr 225 NOK
Kr 250 SEK
According to the website there are lots of success stories. A Bulrest-travel pillow raised 381K, NOMATIC travel bag, 7K backers $3M while HyperDrive Thunderbolt 3 USB-C Hub by MacBook $1M+
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