Monday, August 11, 2014

Is there no Facebook for crowdfunding? Can niche crowdfunders beat the big ones?

Recently, crowdfunding reviews site CrowdsUnite ranked the top 10 crowdfunding platforms based on user reviews. Interestingly, Kickstarter, the most well-known crowdfunding site, ranked fifth, behind YouCaring, Pubslush, Seed&Spark, and GiveForward.

While you may be shocked to hear that Kickstarter ranks so low, a closer look at the statistics reveals that Kickstarter may not be the best platform for all projects.

Users ranked YouCaring, a donation-based crowdfunding platform above Kickstarter. One possible reason why Kickstarter was ranked lower is the discrepancy in fees. While Kickstarter charges a 5% fee on a successful campaign, there is no charge to running a campaign on YouCaring. One user wrote, “We love that 100% of the donation goes to us.”

via MedCity news.

Link to full article here.

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