Do you have a great business idea but need funding to get it off the ground?
Are you working towards a great social cause but need that little extra cash to make it happen?
Find My Funding has been scouring the internet for ways for our entrepreneurial readers to do just that, and here's one we found. Indie GoGo provides a funding platform for people across the world who have a vision and a dream to create something spectacular. Participants create 'campaigns' in which they can make money quickly and securely by tapping into the vast network within Indie GoGo.
Step 1: Create a professional online funding campaign on one web page.
Step 2: Share your campaign by using powerful promotional tools to raise awareness and increase funding.
Step 3: Collect your contributions quickly and easily online.
Step 4: Track contributions with analytics tools provided
What campaigns can I create?
Although on Find My Funding we predominantly focus on your business ideas, there are also many other categories including Art, Dance, Health & Causes. For example there is a campaign to 'help a girl see the sights in Europe before her sight deteriorates', which can be found here.
Do I have to pay to create a campaign for my business?
No, the beauty of Indie GoGo is that it is free to begin. However they have to make something out of this hard work therefore they charge a 4% fee on the money raised once you reach your funding goal. There is also a 3% third party payment processors charge, and finally if you are collecting money by credit card then there is a $25 wire fee for non-US campaigns.
Will I lose equity if I raise money with Indie GoGo?
You will retain 100% ownership of your business whilst raising funding via Indie GoGo which is fantastic for small businesses that want to stay in control! However it is suggested that you offer unique perks or tax reductions in lieu of offering profit.
How do I apply?
To start raising funding you first need to create your campaign on Indie GoGo, which can be done on their website HERE
So with tens of thousands of people using Indie GoGo to raise funding for their business, project or cause, it seems like a very viable option for entrepreneurs to check out and see if it is suitable for their business. What we have realised at FMF is that Indie GoGo is not only a way of raising money, but also a great method for gaining exposure for your business on a global level. You never know, you may be approached by some serious investors that love your idea!
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