Blog

Jun
23

Should you always choose the largest crowdfunding platform?

Choosing a crowdfunding platform takes time. You should familiarize yourself with the platforms that are out there (yes there are more than three) and what they offer. It is best to choose a platform that caters to the type of project/field you are in. Some platforms only offer All Or Nothing campaigns, which will not help your project unless the entire monetary goal is met. As tempting as it may be to choose the largest platform, consider some of the downsides: -Competition for funders in each product category- If you are one of the fifty 3d printer campaigns, it will be more difficult for you to secure funds. -Competition for funding in general- Some platforms have become like stores with thousands of “products”. One is easily distracted by other projects and other categories when choosing where to invest. -Competing with professional campaigns- Crowdfunding has become big business and platforms these […]