Kickstarter and Indiegogo are the two most commonly known and very popular crowdfunding sites that will help raise funds for your project, startup, or small business through reward-based crowdfunding. By being on these platforms, your campaign can be exposed to a huge audience, increasing your chances of reaching your funding goal.
Why would other platforms be better options than Kickstarter and Indiegogo?
Each crowdfunding website has a different approach and area of success. Although Kickstarter is one of the most popular crowdfunding platforms, it is not ideal for projects that are looking to raise awareness, or are charity based. Indiegogo's platform is good for flexible funding projects, but focuses more on artistic entrepreneurs. They both also charge 5% of the funded money as platforms fees. If you don't think Indiegogo and Kickstarter are the right fit for your campaign, the good news is that you can find other crowdfunding sites that cater to certain niches or have fewer platform and payment processing fees.
Consider the following alternative platforms:
This Canadian-based crowdfunding platform focuses on raising money for good causes like medical care, memorials, animal rescue, and more. This platform works best for project creators that expect to have large amounts of investments in smaller number contributors.
You get access to a Facebook app that enables you to generate Facebook pages for your crowdfunding campaign. This social media feature definitely comes in handy when you are setting up your campaign.
The platform fees are 5%, regardless of how successful the crowdfunding campaign is. It also charges 2.9% for payment processing fees, per transaction, as long as the campaign is active.
RocketHub is a crowdfunding website that focuses on creative projects in the science field. They are partners with A&E project Startup.
It is simple to use with a three-step process to upload your project. You also have the ability to track the progress of your project.
It charges a 4% platform fee along with another 4% per credit card transaction for each successfully funded project. For unsuccessful projects, you will be charged 8% as the platform fees and 4% credit card transaction charges.
This crowdfunding website is based in Europe. It lets project creators present original and unique ideas. This is ideal for small businesses, especially those that are home-based. If you have a different and one of a kind idea, then this platform is perfect for you.
Ulule supports 6 languages including French, English, German, Spanish, Portuguese, and Italian.
It basically uses reward-based model and suits B2C projects. However, if the campaign is not successful the business will not get the funds. Only successful campaigns who meet their goal will have access to funds raised.
It charges 5% fees if funding goals are met along with 3% transaction fees. After including VAT and other charges, the total reaches to 8%. But if the funding goals are not met then nothing is charged and the project is removed.
Formerly Razoo, is another donation-based crowdfunding platform gaining popularity, with higher success rate. But it is not just for donations and social or personal causes - Mightycause caters to more than that. There are 4 sections including corporations and individuals. It can also be beneficial for small businesses looking to fund projects.
Mightycause has a donations widget that lets you make a donation section in any blog. It also has a Facebook widget that lets you generate Facebook pages to support your campaign. Additionally, they offer an iPhone app where you can manage your project and stay in touch with your donors via mobile.
The platform fees are less compared to the competition, charging only 2.9% of the total funds raised. There are no payment processing fees or additional charges.