Crowdfunding means use of small amounts of capital from groups or individuals to finance new business venture. With the ease accessibility of vast network of people through social media and crowdfunding websites, crowdfunding brings investors and entrepreneurs together at a common platform. Crowdfunding help’s you grow bunch of investor from whom fund can be raised beyond long established circle of owners, relatives and venture capitalist for business venture. The idea can be anything from tech to video game to a novelty gift. The key is to engage people in your idea, able to convince them to invest small amount of monetary fund for small reward, and get them to share the project and also let others know about it.
The well known type of crowdfunding script is Kickstarter, Indiegogo and other websites. In Kickstarter, participating in project or receiving the product or service, project leader request funding in exchange for reward. A little well known variety of crowdfunding is, investor seeks returns for his or her funding to campaign. It can be Royalty-Based, Equity-Based or Lending-Based. In Equity-Based, entrepreneur gives part of company for money. In Royalty-Based crowdfunding, investor gets a share from earned revenues in a project whereas in Lending-Based, crowdfunding requires repayment.
The crowdfunding platform generated an approximate $2.1 billion funding for startups in 2015. And it is expected to rise more by 2016 year as per the Forbes resources. When we look back in 2012 year, the platforms raised around $2.7 billion i.e. 81% increased amount compared to past years. And it is expected to grow more. Thus the market value of Crowdfunding is burgeoning.
The crowdfunding platform works on commission based model which means, owner gets pre-determined percentage from projects that get successful completed. The percentage may be varies from projects to projects, depends upon the project value.
The crowdfunding script has many features which make it unique from others. Also provides marketing and promotional features so that you can customize your crowdfunding website socially. The scope of crowdfunding PHP script will go up. Crowdfunding is an effective way for the business ventures rather than to take loan form bank, lending money form people and many other ways to fund project.
Keeping users high-yielding approach, NCrypted Websites has ready made Crowdfunding software script for the entrepreneurs who want to kickstart their own business. The script software has many salient features with customization feature where client tells the requirements as per the targated audience and we satisfy our clientele. You can find your website clone or script under different business category at Websites Clone and we will draw your ideas or requirements into reality.