12 Jan

The hottest crowd funding site in the internet is the KickStarter. The company’s mission is to encourage and help the creative projects brings to life. Kickstarter accepts funds from the public and the investors. Unlike many other crowd funding sites claims no ownership over the projects and the work they produce to get the funds to the projects.

There is no guarantee that people that post projects on Kickstarter will deliver on their projects, use the money to implement their projects, or that the completed projects will meet backers’ expectations. Kickstarter advises backers to use their own judgment on supporting a project. They also warn project leaders that they could be liable for legal damages from backers for failure to deliver on promises.

How to Start

The project submission process is really intuitive and straight forward. You just need to sign up and register your project details and you are encouraged to explain your project in great detail. There will be Kickstarter crews to validate your registered data and analyze the project standards and capacity  to accept or reject the project. Once it is approved you have to set the minimum amount goal. People interested in your project will contribute some amount to your project. The pledged amount will be updated to show you how much you have collected and how much yet to fulfill your goal.

Downside of Kickstarter

The main downside in Kickstarter is that the person should be a permanent U.S resident with social security number. Unless you meet this criteria you are no longer eligible to register with the Kickstarter. And there will some small amount of fees the Kickstarter charges out of the fund/scholarship you will get for your project.

 

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