Table of Contents
What is Kickstarter and how does it work?
Kickstarter is a funding platform for creative projects. Every project creator sets their project’s funding goal and deadline. If people like the project, they can pledge money to make it happen. If the project succeeds in reaching its funding goal, all backers’ credit cards are charged when time expires.
What is the purpose of Kickstarter?
Our mission is to help bring creative projects to life. Kickstarter campaigns make ideas into reality. It’s where creators share new visions for creative work with the communities that will come together to fund them.
Do backers make money on Kickstarter?
Kickstarter makes money by taking 5% of the total amount of money that is funded on the site. Those who want to be funded get a group of backers to donate to their project and then promise the backers with an incentive or reward.
Is it free to start a Kickstarter?
Creating an account on Kickstarter is free. If you create a project that reaches its funding goal, we collect a 5% fee and our payment partners collect fees. Our partners’ fees may vary slightly based on your location.
What is the difference between Kickstarter and GoFundMe?
Kickstarter: a platform that focuses on creative projects like art, music, film, etc. Funding is all or nothing and fees are fairly reasonable. GoFundMe: a crowdfunding platform designed for individuals and personal causes. No all or nothing requirement, but fees can be higher.
Can you lose money on Kickstarter?
Kickstarter will only collect fees on the funds that we are able to successfully collect. In accordance with our Terms of Use, creators will still be liable for completing their project and fulfilling rewards.
What happens when you back a project on Kickstarter?
When a project is successfully funded, the creator is responsible for completing the project and fulfilling each reward to the best of their abilities. When you back a project on Kickstarter, you’re helping create something new — not pre-ordering something that already exists.
What is the maximum amount you can borrow from Kickstarter?
The maximum amount you can pledge to a project varies based on a project’s country of origin. It is also not possible for a project creator to set a reward tier higher than the maximum pledge amount allowed for their project’s location. The maximum amount you can pledge to a project is: US-based projects: $10,000.
Can you see who donated on Kickstarter?
While your project is live you will be able to see a backer’s name, pledge amount, reward selected, and the country they have selected for shipping, if applicable. A backer’s email address won’t be visible in the backer report until after a project ends and is successfully funded.
Are Kickstarter backers investors?
That’s because Kickstarter backers aren’t customers making a purchase. They’re investors. And like all investments, Kickstarter projects have a chance of going bust.
Does kickstart give you equity?
Backers that support a project on Kickstarter get an inside look at the creative process, and help that project come to life. Project creators keep 100% ownership of their work, and Kickstarter cannot be used to offer equity, financial returns, or to solicit loans.
How do you get backers on Kickstarter?
Here are a few ways to collect the data you need. Try surveys and polls. If you already have people on your email list, reach out to them for feedback. See what Kickstarter backers are saying about other projects. Make time for social listening. Attend conventions and events. Make the most of playtesting.
How do you qualify for Kickstarter?
Who can use Kickstarter? You are 18 years of age or older* You are a permanent resident of one of the above listed eligible countries. You are creating a project in your own name, or on behalf of a registered legal entity with which you are affiliated.
Is Kickstarter a monthly subscription?
You will only be charged once for your pledge.
How safe is Kickstarter?
It’s mostly safe to back a Kickstarter project, as Kickstarter does not pay the creator unless their fundraiser is successful. However, there is always a risk that a creator may not follow through on their project. You can minimize this risk by researching the creator and their project before backing them.
What are Kickstarter fees?
If your project is successfully funded, the following fees will be collected from your funding total: Kickstarter’s 5% fee, and payment processing fees (between 3% and 5%). If funding isn’t successful, there are no fees.
Can you use Kickstarter to start a business?
Kickstarter can be a great platform for startups and small businesses in need of funding. Not only can you get the money you need to grow your company (without incurring debt or giving up equity), but you can also expand your customer base.
Which crowdfunding platform is best?
The 7 Best Crowdfunding Sites of 2021 Best Overall: Kickstarter. Runner-Up, Best Overall: Indiegogo. Best for Creators: Patreon. Best for Personal Fundraising: GoFundMe. Best for Equity Crowdfunding: CircleUp.
How long does it take to get money from Kickstarter?
How long will it take to receive the funds? For successful projects, the funds will be sent 14 days after the project’s deadline, to the bank account originally linked to the project.7 days ago.
Do you pay back crowdfunding?
Loan-based crowdfunding means that investors get their money back, usually with interest. And with investment-based crowdfunding, people put money in, usually for a share of your business. So they’ll see the value of their shares rise and fall, but you don’t need to pay back their investment.
What percentage of kickstarters are successful?
As of July 2021, the success rate of fully funding a project on the crowdfunding website was 38.92 percent. Overall, 5.4 billion U.S. dollars have gone into successfully launched projects.Percentage of successfully funded Kickstarter projects as of July 2021. Characteristic Share of projects – -.
What are the benefits of choosing Kickstarter?
4 Top Advantages of a Successful Kickstarter Campaign Conveniently get seed capital from supporters. Keep your ownership stake. Get early feedback so you can optimize designs and features. Get free social exposure.
