Let’s assume that you already have an interesting and promising idea for a new product. You have calculat that the idea will pay off, you understand how much money you ne to raise for the project, and you have already clearly work out an action plan after attracting funding. In this case, you can start attracting funds using a crowdfunding platform.

Next, we will look step by step at what a budding entrepreneur nes to do to raise funds on a crowdfunding platform.

Step 1: Select a site

The first thing you should start with is finding a country email list crowdfunding platform that suits you. Today, there are many specializ sites, both Russian and foreign. Each platform has its own unique conditions, a certain type of crowdfunding audience and, most importantly, specialization in a specific niche.

One site may be more focus on innovation, another on technical areas, a third site on charity. Some platforms are universal and suitable for classic business.

Geography is also extremely important for some projects. There is no content-side seo errors point in asking for funding for a business idea on a foreign platform if you are only targeting a Russian product.

Remember the terms of each platform and base your decision on them. For example, it is worth looking at the commission, as well as the withdrawal time.

 Create a user reward system

This point is usually implement in parallel with the selection of the site and the description of your idea. In order to attract donors faster, it is necessary to come up with a worthy reward for their trust in your project at an early stage of its development. This is done using several methods.

At the same time, the reward itself should not be too much of a trust review financial burden on the project. It is not allow that most of the money rais goes to creating rewards for donors. Such expenses are unprofitable. For example, in order not to give a large reward to everyone, you can develop a gradual system of bonuses depending on the amount of the donation.

 Closing funding and launching the project

After the crowdfunding campaign is over, you ne to keep in touch with your backers. For example, you can share the results, update the project data, keep people inform of all the events. Be sure to thank the donors for their support, and also provide a report on further actions bas on the platform’s terms.