What do Kickstarter backers get in return?
Backers that support a project on Kickstarter usually receive a product and help see that a project comes to life. Rewards vary from project to project but often include a replica of what's being produced (CD, DVD, book, etc.) or an experience unique to the project. Backers also can prefer to pledge for a project without selecting a gift. Usually it’ a single product release from the creator.
What is the success rate of Kickstarter?
In 2019 the success rate of fully funding a project campaign on the crowdfunding website was 37.44 percent. Overall, almost 4.7 billion U.S. dollars have gone into successfully launched projects.
Every Kickstarter project campaign must be fully funded before its time ends or no money changes hands. A project on Kickstarter is counted as successful when the funding goal has been reached within the given due date or deadline.
Currently, Kickstarter shows the updated success rate of the project campaign which is 37.66% for all categories. You'll also check on their stats page of Kickstarter as they're updating the info a day. Learn more here.
What is the benefit of Kickstarter?
There are plenty of benefits in funding a project in Kickstarter
- First, you've got direct access to the creator of the project to ask questions and obtain answers Second, You get access to the merchandise even before it goes to the marketplace for everyone else.
- Second, you'll pay a lower cost for products that are coming soon to the remainder of the planet.
- Third, Get exclusive rewards not available to people outside of the crowdfunding campaign
- Lastly, you'll have the chance to follow along within the founder’s journey and the journey of bringing a product to life.
What is the 'all or nothing' model on Kickstarter?
Kickstarter established the all-or-nothing model once they launched in 2009 as a measure to guard creators and to attenuate risk for everybody. It means nobody is going to be charged for a pledge towards a project unless it reaches its funding goal. All-or-nothing funding may be a core a part of Kickstarter and features a number of advantages: It's less risky for everybody.
Is Kickstarter better than Indiegogo?
Crowdfunding makes use of the straightforward accessibility of vast networks of individuals through social media and crowdfunding websites to bring investors and entrepreneurs together. There are two popular crowdfunding platforms that you will consider when your planning to run a project campaign, those are Kickstarter and Indiegogo. Both platforms are great, but each has its advantages and disadvantages.
Choosing the proper platform for your crowdfunding campaign may be a sensitive call, because it may determine whether you’re getting to reach your funding goal or not. Let's discuss through the following comparisons to find out whether Kickstarter or Indiegogo is right for your crowdfunding campaign.
- Kickstarter launched its all-or-nothing crowdfunding platform process. If a project doesn't reach its goal amount, existing funders aren't charged for the amount they pledged, and the creators don’t get any amount of the money.
Indiegogo will let the creators choose to set up campaigns in two ways. Either, Flexible and Fixed Funding. For flexible funding, they will allow the creator to keep any money they raised even if the project didn't reach the goals. For fixed funding, it will automatically return all the pledged to backers if the goal doesn't reach.
- Kickstarter has an excellent brand recognition within the tech startup an artistic arts industries. If you plan to launch a creative project, Kickstarter could be the better option crowdfunding platform for you despite having more limitations than Indiegogo.
- You’re also charged higher fees in Indiegogo if you don’t reach your funding goal. Kickstarter creators/campaigner’s don’t pay anything if they don’t make their goal. This could be a huge factor in your decision.
- Kickstarter has a better reputation than Indiegogo. Kickstarter has a higher project standard than Indiegogo. Their review process is much more stringent. You have to have a working prototype to launch a Kickstarter project.
And that’s not the case with the Indiegogo. At the end of the day, Kickstarter doesn’t care how much money your project has raised. If they think you are trying to scam backers. they’ll shut your project down.
Simply put, Kickstarter’s name and reputation are better than that of Indiegogo.
The Indiegogo’s newsletter is powerful, but Kickstarter’s larger organic community usually outweighs that benefit.
Which countries can Kickstarter ship to?
Everywhere! Shipping is down to the campaign creator and so this can be anywhere in the world!
Check out our live kickstarter here:
'Check out the Tipsi Tray here.'
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