This is a fantastic idea, from entrepreneur David Kariuki who is a small internet service provider currently trying to expand his business by installing Wifi Hotspots and Access Points in various public places like bars, restaurants, hotels, apartments and shopping malls that are located in his small town in Kenya.
His campaign is off to a great start and has already raised its first USD 50.00 dollars of investment on fundedflow. Visit his campaign page below to see this success story and support the campaign! View the campaign here
Campaigns can be very short (as short as a day!) or stretch out over two or three months, but fundedflow, Kickstarter and other crowdfunding platforms suggests that 30-90 days is the perfect length for a campaign.
That said, for a considerably-sized campaign of $30,000 and above, you might want to plan to spend at least one month ahead of time preparing. Then, once the campaign begins, set aside four to five hours a day to run and manage it. The biggest mistake you could make is to go live expecting money to pour in on its own. Fundraising takes time, and effort to make it work.
What are the best tips for running a successful crowdfunding campaign for startups using www.fundedflow.com, kickstarter, indiegogo or any other crowdfunding platform
1 Put in the Required Hours
Common failure of crowdfunding campaigns is that project creators often don't realize the intense amount of work required throughout the campaign to make it successful. You will be talking, emailing, pitching, tweeting and posting all day, every day. If managing your crowdfunding campaign doesn't become your full-time job throughout the campaign, then its odds of success decrease dramatically.
Entrepreneurs say new rules from the UK regulator will "take the crowd out of crowdfunding".
New policies come into effect next month concerning crowdfunding in the U.K., drawn up by the Financial Conduct Authority (FCA) Crowdfunding leverages regular consumers who want to purchase equity or a stake in new business, usually startups. Many are hosted through popular platforms like Kickstarter, Indigogo, crowdfunder and even our own platform fundedflow. Investors, lenders and even donators usually get rewards or paybacks the amount they have “pledged”. This could be anything from T-shits, badges, tickets, CD’s or whatever is being funded as a return for support.
If you are a struggling for financing or just need some extra cash to start funding your exciting new business or creative new project, you have come to the right place. Banks are becoming increasingly tighter on lending and venture capital is hard to raise, especially if you’re not a whiz-kid with a new app based in Silicone Valley. However all is not lost due to the latest forms of fundraising from crowdfunding platforms just like fundedflow. Crowdfunding is a quick way to transform a small start or SME (Small to Medium Enterprise) into a full firing operational business. Also known as "social funding" or "crowdsource" which has evolved and helped redefine how new businesses and startups raise money and grow. Crowdfunding platforms also help benefit individual investors who can learn about new talent and startup companys who they can invest in. Usually investors or donors receive a small reward or “give back” in return for the investment or donation.
Here are fundedflows Top 10 choices for crowdfunding platforms
01 Bilna | Indonesia
01 Bilna | IndonesiaLaunched in November 2013, Bilna is an online store that sells products for babies, infants, as well as mothers. The company announced that it has closed series A funding raised from existing investors CyberAgent Ventures and East Ventures, as well as new investors DG Incubation (DGI), TMS Entertainment, and Golden Gate Ventures.
02 Renrendai | China
02 Renrendai | ChinaRenrendai is a Chinese online peer-to-peer lending service which is reported to have facilitated RMB 1 billion ($165.2 million) in loans as of August 2013, with a 276 percent year-on-year increase in the first half of last year. The startup announced its parent company, Renrenyou, received Series A funding from Trustbridge Partners and an undisclosed investor.
03 FlyData | Japan
03 FlyData | JapanFounded in 2011, FlyData is a Japanese startup based in Silicon Valley that makes big data storage on the cloud possible. The company also promises data analysts that they can move and analyze their data seamlessly and continuously on the cloud.
04 MetroPlate | Philippines
04 MetroPlate | PhilippinesRanked second in Startup Weekend Manila 2013, MetroPlate is a food delivery platform that focuses on healthy meals. Users can access the website and choose from a selection of healthy dishes cooked by restaurants that specialize in nutritious meals, which will then be delivered to the hungry users' doorstep.
05 Little Eye Labs | India
05 Little Eye Labs | IndiaIndia's Little Eye Labs is a testing and analytics tool for Android developers to improve app performance. The startup is a graduate of GSF's first accelerator program that began last year.
This week, the company announced that it has been bought by Facebook (FB), making it the social network titan's first acquisition in India.
06 Bukalapak | Indonesia
06 Bukalapak | IndonesiaBuilt in 2010, Bukalapak is one of the biggest C2C platform in Indonesia's crowded online marketplace scene. The company claims to excel in male-dominated categories like bikes, cameras, musical instruments, and computers. Bukalapak also recently revealed some data and progress that the company racked up in 2013.
07 Qraved | Indonesia
07 Qraved | IndonesiaQraved is a social dining directory and online reservation platform from Indonesia that went mobile, with it's brand new mobile booking app that is made available on both iOS and Android. The company is the first Indonesian startup to receive funding from 500 Startups. The seed investment was made alongside lead investor Rebright Partners and Skype co-founder Toivo Annus.
08 Social.gg | Thailand
08 Social.gg | ThailandSocial.gg is a new useful tool that can help users explore trends and hot topics on social media in Thailand. Similar to Google Trends or Twitter's trending topics, Social.gg gathers various trends on Facebook, in which users can check what the hottest topics of the moment are. This service is available to the public for free.
09 DealDozen | Philippines
09 DealDozen | PhilippinesStarted in March 2011, DealDozen is a daily deals site from the Philippines which was recently acquired by Asia Deal Group, the e-commerce group behind Streetdeal, for an undisclosed amount.
10 Saved | Malaysia
10 Saved | MalaysiaDeveloped by an eight-man team at Lentor, Saved is a new and slick personal finance and budgeting app for iPhone and Android that lets you set a budget and input what you spend. It then gives you simple analytics, based around either a graph or a calendar, about your expenditures.