1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Crowd funding platforms; which one is best?

Discussion in 'protest, direct action and demos' started by Rutita1, Aug 24, 2015.

  1. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    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. :)
     
    Manter likes this.
  2. Maharani

    Maharani Just like Heaven

    I've just fundrazr to get money raised for a close friend with terminal cancer. Easy to use with 5% taken on each payment I think.
     
    Rutita1 likes this.
  3. Manter

    Manter Lunch Mob

    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.
     
    Greebo and Rutita1 like this.
  4. Maharani

    Maharani Just like Heaven

    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.
     
    tufty79, Rutita1 and Manter like this.
  5. Manter

    Manter Lunch Mob

    Looks like it's fees are really high though- 80p on every £10.
     
  6. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    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. :)
     
    Last edited: Aug 24, 2015
    Manter likes this.
  7. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    What was the % they took off of the amount you managed to raise for your mate? :)
     
  8. Manter

    Manter Lunch Mob

    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.
     
    tufty79 and Miss-Shelf like this.
  9. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    PM coming. :)
     
    Manter likes this.
  10. Maharani

    Maharani Just like Heaven

    Not sure. My mate organised this one. Best to email them.
     
    Rutita1 likes this.
  11. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    I'd really appreciate it if you could ask your mate too. I will email of course but IME the feedback of those that have used these things is key. :)
     
    mango5 likes this.
  12. iamwithnail

    iamwithnail Well-Known Member

    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.
     
    Last edited: Aug 24, 2015
    Sirena, salem, tufty79 and 8 others like this.
  13. Spacehive are great - it really depends what you're doing though as they're fairly niche. They're the only one I've used.
     
    tufty79, iamwithnail and Rutita1 like this.
  14. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    Urban delivers! :cool:

    Thank you iamwithnail That is very useful info :thumbs:
     
    tufty79 and Miss-Shelf like this.
  15. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    What did you use them for? This info could be useful to me and others in the future for different things so now we have the thread might as well share! :)
     
    Manter likes this.
  16. iamwithnail

    iamwithnail Well-Known Member

    ^^ That's what I was going to ask... How did you find it to use?
     
    Rutita1 likes this.
  17. will PM in a bit
     
    tufty79 and Rutita1 like this.
  18. Maharani

    Maharani Just like Heaven

    Ok, I'll ask him. No probs.
     
    Rutita1 likes this.
  19. DJWrongspeed

    DJWrongspeed radio eros

    Rutita1 likes this.
  20. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    Please don't forget to let me know Spanky Longhorn , cheers!
     
  21. iamwithnail

    iamwithnail Well-Known Member

    Me too!
     
    Rutita1 likes this.
  22. Maharani

    Maharani Just like Heaven

    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.
     
    tufty79, Greebo and Rutita1 like this.
  23. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    Thanks Maharani :cool:

    Could you ask your mate what the was that % they took off of the amount you managed to raise?
     
  24. Maharani

    Maharani Just like Heaven

    Rutita1 likes this.
  25. quimcunx

    quimcunx Too tall.

    Is it going to be for a charity? Or are you setting up a charity?


    I just got an email from https://smartgiving.org.uk/ who claim they charge 2.5% to justgiving's 5% but it looks like it's only to fundraise for charities?
     
    Rutita1 likes this.
  26. Miss-Shelf

    Miss-Shelf Up to my tits in quilts

    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.
     
    tufty79 and Rutita1 like this.
  27. Miss-Shelf

    Miss-Shelf Up to my tits in quilts

    It also meant I put more money where my mouth was cos there was no middle person
     
    tufty79, Greebo and Rutita1 like this.
  28. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    Not for a charity no. The funds will be used to finance the transport of aid/donations and to buy essential items needed.
     
    Last edited: Aug 26, 2015
    Greebo likes this.
  29. Rutita1

    Rutita1 Wicked, Wicked, HYSTERICAL!

    Yeah lovely, I have considered this however I think it could get very admin heavy for me which is why these sites take a %.
     
    Greebo and Miss-Shelf like this.
  30. Greebo

    Greebo 'scuse me, Mrs May, can I have my country back? R.I.P.

    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.
     
    tufty79 and Rutita1 like this.

Share This Page