My research says that only about 22% of crowdfunding efforts are successful.
Part of the problems with current platoforms is that people don't want to request funds because they are embarrassed. There's also a great deal of scamming going on and mis-use of funds raised.
My idea for a crowdfunding platform virtually ensures 100% success rate.It's one that creates a credible, self funding + donations platform that allows
I have designed a platform that allows for online purchases to be affiliated with CredibleCrowdfunding.com and a way to validate a person's identify without revealing it in the public forum.
Friends and family are usually the ones who contribute most to people who are raising funds - at least, until the amount gets high enough that it moves it "up the ladder" to be more visible.
CredibleCrowdfunding.com offers everyone the same level of exposure with emails, banner ads on certain websites, and rewards for referrals.
The needs to create this platform are as follows:
Proprietary software design and build: $750,000
Contract labor for creating retail relationships for 6 months (minimum): $35,000
Advertising for the site once it's ready to be actively available for campaigns and donations: $25,000 (small budget but should do a great deal to get started.
Superb website design with SEO optimization: $7,500
Attorney for creating and reviewing terms, conditions and other legal considerations for such an adventure: $5,000
Thank you for your help.
Once the site is active and advertising begins to bring traffic and participation, I project it will be about 3-6 months when the site will begin producing a profit.
At that time, 35% of net profit will be used to reimburse all those who contributed to get this exciting, unique crowdfunding platform to becoming a reality.