Crowdfunding online has become more popular in recent years. It is well known in North America and Europe. However, Crowdfunding is starting to become a popular resource used in India. Here is what India is doing in the Crowdfunding industry:
Although the concept of Crowdfunding has been around since the 18th century, the use of online Crowdfunding in India, in general, has been adopted in 2012. Since then, it has further grown in popularity. Many new Crowdfunding campaigns and platforms are emerging from India, and the concept is only becoming more popular.
How Crowdfunding Started
In the beginning, there had been some hurdles that needed to be addressed. For starters, many users had troubles with giving credit card info to a platform, as it had not been popular yet. This would make it difficult for those trying to run campaigns in India. Campaigns would have to go the extra mile to show that it was legitimate and not a Crowdfunding scam. Although the online Crowdfunding method was not as popular at the time, it had still been frequently used to build religious architecture and places of worship. Many religions use this method of funding. The ideology is the same, just using different resources and technology, at the time, was the main hurdle.
Succesful Platforms
Once the concept of online Crowdfunding became more popular, platforms started emerging. Now you can discover some great platforms to host your Crowdfunding campaign in India. Platforms such as Wishberry are finding success with running a platform dedicated to creative Indian projects. As a good example, Wishberry is taking 10% of each donation to the campaigns.
What if you want to create your own platform? Now that there is white label technology such as Thrinacia Atlas, you can easily create your own Crowdfunding platform in India! Take for example a platform like Wishberry. They are taking a percentage of each donation to the campaigns hosted on their platform. This is called a transaction fee. It is basically a commission for hosting the campaign on the website. The platform is offering to host the campaign on their site to bring additional traffic to the campaign for a fee. The website is only as successful as the campaigns hosted on it. You won’t have to worry if your currency is accepted as there are resources to use. Organizations around the world are taking advantage of the Crowdfunding market. Take a look at what Crowdfunding can offer for your Indian Crowdfunding campaign.