Crowdfunding is a way to raise money, awareness and support for a project, from the people around you. It's means of funding that allows individuals to make their ideas a reality with the power of the crowd.
Crowdfunding enables people with great ideas to raise the money they need, in return for ‘rewards’. The public can back your idea with pledges of money and project owners can ‘thank’ their backers with rewards that reflect the money contributed.
01Tell your story – Get funders and backers to know you better!
06Be sure to make it vibrant and representative of you and what you're trying to create.
02 Write in detail about your campaign, it should help your backers understand what are you trying to achieve and your roadmap to success.
07A video is strongly encouraged – more than 80% of successful projects incorporate videos in their pitch.
03State all the risks and challenges that you will face and how you plan to overcome them, so that your backers are better informed.
08Your pitch video should ideally be 2-4 minutes, delivering maximum relevant information in the best possible manner. Remember, the crowd loves to contribute to the projects that have a striking introductory video!
04Speak about the cost breakup and how you plan to utilize the money raised.
09Rewards are what you give back to your supporters who fund your crowdfunding campaign. These are non-monetary rewards to help the backer get gratification for supporting you!
05 For cover image choose a compelling image to draw the attention of crowdfunding backers!
10Carefully curate rewards related to your campaign. Make sure they are exciting and incentives a funder to contribute more.
Dreamwallets.com offers 2 types of pricing plans. A campaign owner is charged only at the end of the crowdfunding campaign. Listing a project on Dreamwallets is Free.
Before we start, it is important to understand few terms that we will use in our FAQ and/or our Concept Handbook. Reading through the following definition will help you better understand the detailing later.
This is a finite work with a clear and finite goal that you want to see take shape and come to life. At Dream Wallets (henceforth, referred to as DW), a project may be anything- ranging from making short films, to conceptualizing videos, to writing books, to creating personalized albums, to social causes, to even Corporate Social Responsibility projects etc.
This can be an individual, a group of like-minded people, or a corporate or an NGO working behind a project that they want to take shape and come to life.
This can be an individual, a group of like-minded people, or a corporate or an NGO who/that commit/s money/support to Seeker to get their project off ground and help bring it to life
This is the amount that the Seeker targets to raise through DW to be able to complete his/her project timely, and in an adherent manner.
This is the Seeker way of giving back to the Contributor. Typically, the Creator shares a part of their project with the supporter community. These would be unique incentives for the supporters that money, otherwise, could not buy. Examples include – VIP passes for the premiers of the movie that you supported, sharing the stage with the amateur dance academy at their first mega hit, or sending personalized merchandise etc. Now that we are clear with the basic terms and definitions, let us try to dissect the broader areas.
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