Comparison of WO Funding with Possible, kick starter and indiegogo

By: harveytred12


Whenever we are choosing a funding platform the biggest challenge is to select the right one that will cater to your needs in the most proficient manner. When you create your campaign on your selected platform, you want to raise money online faster. Moreover, you want your campaign to become popular and you want a great following. Indigo, kick starter and Possible and WO Funding are some of the big names in the business. Therefore, if you wish to select any of them you should have a comparison of the platforms so that you would know which one is the best and would suit you.
We will start off with a discussion on possible. It is surely one of the popular crowdfunding sites and has a large community to its backing. However, there is one aspect that you need to keep into consideration if you wish to raise money online through this platform. The platform only releases the funds once you reach the target. Therefore, it can prove to be a setback if you are unable to reach the target through your campaign. This also clarifies one point that possible would be more suitable for campaigns that do not require a huge investment.
Kickstarter follows the all or nothing rule. This means that you would not be able to get back your pledged amount if you fail to meet your target. Moreover, you have to pay five percent of your pledged amount to Kickstarter and so you can end up losing this amount. Moreover, if you wish to raise money online through Kickstarter remember your project needs to be accepted after it is reviewed by the platform. Therefore, even if your project fits a category it has to be accepted. Moreover, there is an age restriction as well with Kickstarter and if you are not above 18 years of age and reside in the United States then you cannot gain investment through this platform.
Indiegogo is a less strict platform. There are no hard and fast rules. Anyone can gain an investment regardless of the age and location. It has a well organized site. It is basically free to join this platform. It follows the Fixed Funding plan and the flexible funding plan. Under the fixed funding plan Indiegogo would take about four percent of your funds and if you do not meet your target it would take about nine percent of your funds. However, it still needs a bit of refinement because no rule policy cannot work well in all the cases.
Now coming to WO Funding. The biggest advantage of this platform is its simplicity. It has a user friendly interface so even a novice user can work well with the platform. Joining WO funding is free of cost so you need not worry about any payments at that time. Moreover, if your campaign seems interesting it will be shared on the home page of the site this means you will be getting a marketing and funds together. The tweets can be shared with the help of the social media tools that will make your campaigns stronger. Another huge advantage that I found WO Funding stronger than maybe the rest is it allows you to take your funds even if you havenít reached your funding goal at a slightly higher 8%. You need to be sure which platform to go for as all platforms provide their unique selling proposition

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