LET'S START AT THE BEGINNING
THE BASICS
SO, WHAT IS ONLINE CROWDFUNDING?
Crowdfunding is a method of fundraising for your venture by campaigning and receiving donations from a large number of people online. It is a streamlined process where you can describe your idea, share it directly to your networks and gather and receive support through donations, all in one place- your online crowdfunding post.
WHY DO I NEED TO CROWDFUND?
Crowdfunding allows you to directly take your idea and venture to the audience and online platforms you choose. This is not just a means to receive financial investments into your venture via donations, but a means to gather a community of support for your cause.
STAGES OF CROWDFUNDING
Pre-Launch
Planning, developing your target audience, generating the buzz and crafting your pitch are some of the major activities during the pre-launch period. This period, also known as the strategic phase, is the most important as it sets up your venture to receive interest, traffic and support as soon as it is launched.
Launch
This is the period where you actually start receiving funds for your venture online. There are three stages to raising funds - the opening stage, the stationary stage and the final stage. Here is when you will be communicating with your supporters on the crowdfunding portal.
Post- Launch
This phase covers the stages just after you meet the target amount for your venture and before you start developing and implementing your venture. Here you keep your supporters up to date regarding the progress of your venture and keep them informed through its completion.
WHY USE FUND LIFE LONG LEARNING TO CROWDFUND YOUR VENTURE?
Responsible Fundraising
Our funding model minimizes the risk of losing money for both creators and donors. Funds are transferred to the creator only after the target amount has been met. This is a means of validating the venture for both the creator and the donor.
No Success, No Fee
You win, we win.
We don't make any money or ask for any fee from you, if you do not reach your target amount.
A 5% fee is collected from the creator only if you are successful in meeting your target amount within your specified time period.
Flexibility
As creator, you have control over your venture. You can manage and market it according to your plan and design. We provide you the flexibility to extend your timeline and maximize the possibility of reaching your amount.
Mobile Fundraising
This platform enables you to create posts, raise funds and give to ventures all on your tablet or mobile device.
Exclusivity
Our areas of support- Research and development is a blanket statement including education and research, professional development, sustainable development, social and economic good. This areas are chosen based on their pivotal role in generating change, development and sustainability in society for the future.
Life Long Learning
By hosting your fundraising activity on our website, it automatically carries an implication of advancing life long learning through education, research, professional development, social good or sustainable development.
CAN YOU PLEASE EXPLAIN THE FUNDING MODEL?
Ventures you create follows the "All or Nothing" funding model. With this, you will receive all pledged donations once you meet your target amount. If you do not meet your target amount, donors will receive their money back.
This funding model empowers creators like you to be involved in the fundraising process. By actively engaging with your venture through the crowdfunding timeline, it demonstrates to donors your commitment to see the target met. This increases a donors' confidence in you and increases the prospect of receiving support for your venture.
This responsible funding model also acts as a safety net as donors get their cash back if the target amount is not met.
Check out our math for our fee structure here.