Have a great business idea but cringe of the thought of sidling up to a bank manager and asking for start up capital? There’s another funding option available thanks to the web, and it has nothing to do with a business loan or business line of credit.
Kickstarter.com is a website that is designed to help fund the development of new and creative projects. These projects are funded through an online pledging system on Kickstarter.com which actively funds many projects such as film, writing, food related projects, and more. Anyone who wants to try to post a project that they feel the public will buy into and sponsor, is able to do so. The website is easy to follow and gives plenty of guidelines and directions on how to get your project funded.
To try to get a project funded, one must first apply online at Kickstarter.com to have their specific project put on the website. Kickstarter acts as the facilitator and gathering place to be a monetary resource reaching out to the public for donations to fund these projects.
Once you get to the website, you should first read all the rules and guidelines that Kickstarter has posted to see if you meet the requirements to have your project accepted. The person who posts and owns the project decides how much funding they need to raise to bring the project to completion, and they choose a deadline for the monies to be raised. If the monies are not there by the target date chosen, there is no money exchanged or collected. The donors who choose to pledge money to the project have Amazon collect the payments and to begin a project, one must hold an open and active United States banking account.
Kickstarter and Amazon both get a small percentage of the money raised, but neither claim any portion of ownership with the project or what may be produced from the project. Once a project is initiated on the website, it will be able to be seen by the public and an archive is started for it. Once the project has reached the completion stage, the information on the site cannot be removed.
Of course, there is no assurance that a project creator will receive the money needed to support or start a project, this is strictly a public choice. There are also warnings posted that advise people who want to sponsor that they are on their own and warn people that lead projects that they will be held liable if they don’t deliver what they promise.
All in all, Kickstarter.com is a great choice for creative types who prefer not to use banks and traditional lending institutions to fund their projects.
Kickstarter.com is a website that is designed to help fund the development of new and creative projects. These projects are funded through an online pledging system on Kickstarter.com which actively funds many projects such as film, writing, food related projects, and more. Anyone who wants to try to post a project that they feel the public will buy into and sponsor, is able to do so. The website is easy to follow and gives plenty of guidelines and directions on how to get your project funded.
To try to get a project funded, one must first apply online at Kickstarter.com to have their specific project put on the website. Kickstarter acts as the facilitator and gathering place to be a monetary resource reaching out to the public for donations to fund these projects.
Once you get to the website, you should first read all the rules and guidelines that Kickstarter has posted to see if you meet the requirements to have your project accepted. The person who posts and owns the project decides how much funding they need to raise to bring the project to completion, and they choose a deadline for the monies to be raised. If the monies are not there by the target date chosen, there is no money exchanged or collected. The donors who choose to pledge money to the project have Amazon collect the payments and to begin a project, one must hold an open and active United States banking account.
Kickstarter and Amazon both get a small percentage of the money raised, but neither claim any portion of ownership with the project or what may be produced from the project. Once a project is initiated on the website, it will be able to be seen by the public and an archive is started for it. Once the project has reached the completion stage, the information on the site cannot be removed.
Of course, there is no assurance that a project creator will receive the money needed to support or start a project, this is strictly a public choice. There are also warnings posted that advise people who want to sponsor that they are on their own and warn people that lead projects that they will be held liable if they don’t deliver what they promise.
All in all, Kickstarter.com is a great choice for creative types who prefer not to use banks and traditional lending institutions to fund their projects.
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