Last year, crowdfunding dominated the funding space, over venture capitalists. It is projected to hit the $93 billion mark by 2025. This tremendous growth in the industry is due to people like you, fellow founders and enthusiastic backers who keep startups and great ideas moving forward. Unfortunately, on mainstream crowdfunding platforms such as Kickstarter and Indiegogo there are very few …
At UpEffect, our team is dedicated to helping social entrepreneurs worldwide achieve their dreams and make a lasting impact on the world. Each member of our team is passionate about making the world a better place through self-sustainable social and environmental ventures with exponential potential for positive change. As a UpEffect campaign creator, you will be working with our core …
Providing financial support for organizations benefitting human lives and the planet is something we at UpEffect applaud and encourage. Everyday, we are moved to see thousands of crowdfunding backers and entrepreneurs supporting each other – using their time, money and energy to make great strides towards a more just and peaceful world. Most of us feel like we have a …
Too often, entrepreneurs launch a crowdfunding campaign on a platform and anticipate “platform traffic” to convert into “campaign customers” and by the time the campaign is over, they feel like they’ve been let down. In their defence, the major platforms have done a poor job of educating the market on crowdfunding. The number one tip and the most important tip …
Over the last decade, the progression of technology has equipped entrepreneurs with inexpensive tools to convert their ideas into successful businesses. Companies have been able to build large, overnight tribes of customers and product champions using very little capital. Although an early-stage company should prioritise bootstrapping as its means of financial sustenance, for some, this is not always a viable …
Crowdfunding has been around for centuries, formally since the 1990’s but it’s as of late that it seems to have been making a growing appearance in the alternative finance/fin-tech sector. Before continuing I should probably answer the question – what is crowdfunding? Well simply put it is the act of raising funds for a specific project or venture through a …
In a previous blog post, we discussed the importance of selecting the right crowdfunding platform for your product. Today, we will discuss the rewards-based crowdfunding model to help you decide if it’s right for you. Rewards-based crowdfunding is when a non-monetary incentive is offered to those who pledge money towards a campaign. Just like when you’re taking your product to the market for the …
Crowdfunding has propelled a considerable amount of businesses into success by enabling the power of the crowd There are a number of factors that play a part in a successful crowdfunding campaign: The zeal of the project creators The actual value of the business proposition The worth that potential funders place on it The platform Depending on the nature of your …