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Crowd funding platforms; which one is best?

Gofundme?
Crowdfunding?
justgiving?
indiegogo?
kickstarter?

I need to organise/fund a project (humanitarian not creative) and I am not sure which of these sites is best to use? :hmm:

Do you have any experience of using these sites?

What are the pros and cons?

Which one is best and why?

Tell me Urban! :)

Wasn't sure which forum was best for this topic either. :)
 
There are ways around doing it on justgiving where it doesn't concern a registered charity. Email them and they'll explain how. We did this also for people raising funds (for my mate) through sponsored events.
Looks like it's fees are really high though- 80p on every £10.
 
Ooh, good idea Rutita1.

Worth mentioning this is not about raising money for a registered charity, so lots of the main sites don't work.

Good point which I have thought about...I just wanted to start a discussion off to see what other people's experiences are.

I have managed community development budgets and more localised fundraising things but this will have a wider scope in terms of people donating online from further afield so I want to consider all avenues/details. :)
 
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There are ways around doing it on justgiving where it doesn't concern a registered charity. Email them and they'll explain how. We did this also for people raising funds (for my mate) through sponsored events.

What was the % they took off of the amount you managed to raise for your mate? :)
 
Good point which I have thought about...I just wanted to start a discussion off to see what other people's experiences are.

I have managed community development budgets and more localised fundraising things but this will have a wider scope in terms of people donating online from further afeild so I want to consider all avenues/details. :)
Good idea. And if we can set one up, we can get everyone to donate to one place, rather than me, you etc all holding little bits of money. I was going to set one up today and was dithering, but will hold off to see what happens in this conversation.
 
Good idea. And if we can set one up, we can get everyone to donate to one place, rather than me, you etc all holding little bits of money. I was going to set one up today and was dithering, but will hold off to see what happens in this conversation.
PM coming. :)
 
Disclaimer: I used to work for a crowdfunding platform.

Fees vary pretty wildly. The platform fee is typically around 5%, but what you don't see is the payment processing fee - anywhere between 1% and 3.4% + 20p for every transaction. This can make a huge difference. If you've got a £1000 project, the fees you'd pay are:

5%= £50 to the platform
1% processing fee = £10
3.4% fee + 20p = £23.40 if everyone pays £10 each, £43.40 if everyone pays £5.

So you're talking about losing iro 8-10% to fees and processing.

Indiegogo is best for arty stuff, Kickstarter has that overall reach and audience, but that's as much a problem as a blessing - you're competing against a lot of other projects, so discovery is a problem.
Niche platforms like Spacehive for civic stuff, or Seedrs for company things are good. https://hubbub.net/ are nice guys and will help a lot (not who I worked for).

It's worth bearing in mind, even if it seems obvious - a lot of people act like crowdfunding will be magical money from the sky. It isn't - have your friends and family lined up to do early donations on day one when it goes live, and regular (but not spammy) updates will be useful - a lot of people will scroll past it on their phone, say 'oh yeah, I'll give ten quid to that' and then forget it - the gentle reminders are best. Likewise, get those friends and family from day one to email other people that might be interested. Videos are often crucial (I never watch them, but i'm in the 4-8% of people who don't - most people do.) - keep it under 2 minutes, pretty factual and upbeat.

Feel free to ask any questions or PM me if you want.
 
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Ok, I'll ask him. No probs.
So, my mate used a thing called Yimby which has now rebranded as this: https://crowdfunding.justgiving.com/

The friend who we raised money for had to confirm who she was to them, over email, to receive the money. I think she even sent a photocopy of her passport? But it was really easy and the Justgiving team were super efficient.

Hope that helps.
 
Friend of mine raised 1000 quid for Calais by getting friends to pledge privately and shared her bank details with us by pm. If you know all the doners this may be something to consider.
 
Save Cressingham Gardens (not a registered charity) uses paypal and gofundme. The latter takes a slice, but (unlike some) it offers the option of keeping donations anyonymous to everyone except the person who set up the account.
 
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