Did you know in 2015 it was estimated that worldwide over US$34 billion was raised by crowdfunding? This is a game changer for Entrepreneurs!
Crowdfunding is a phenomenon that employs a concept known as ‘the wisdom of the crowd’, whereby the general population is consulted to validate an idea. In the case of crowdfunding, their validation is evidenced by a willingness to contribute funding.
With a large number of people contributing, the amount of collective capital is significant. This makes crowdfunding ideal for attracting funding for ideas and projects that people feel strongly about.
Crowdfunding differs from the traditional approach to business finance. It offers a simple and comprehensive platform for entrepreneurs to pitch their business to interested investors without the extensive costs and limitations of traditional debt and equity financing.
Cost: 5% of funds raised, with an all-or-nothing model that builds urgency but leads to the loss of all funds if the goal isn’t met, plus 3-5% transaction fees
Cost: On the all-or-nothing plan, 4% of the funds of successful projects go to Indiegogo. On the flexible funding plan, Indiegogo charges 4% if you reach your goal, 9% if you do not reach your goal. Transaction fees are an additional 3%
Rocket hub - Rickethub offers a unique type of visibility through a recent partnership with A&E Project Start Up.
Cost: 4% for completed campaign or 8% for partial campaign, with 4% transaction fees.
Cost: 5% for completed or incomplete campaign plus 2.2% +$.030 transaction fees.
GoGetFunding - GoGetFunding has been used for anything from paying for pet’s medical bills to creating a short film.
Cost: 3.5% with a keep-what-you-raised model, plus 2.9% transaction fee.
Code - Maxhero.
Offer 1 - Sign up with one of Employment Hero’s preferred super funds and get the entire platform for free
Offer 2 - More than 30 employees? Receive premium subscription and standard pricing.
Use the code MAXHERO when filling out the contact us form. You’ll be able to try the platform for free and talk with our dedicated Employment Hero contact in a no-pressure environment.