Crowdsourcing platforms have emerged as a way for individuals and organizations to raise money and gather support for their projects, ideas and causes. Today, we will be taking a look at some of the best crowdsourcing platforms available in 2023, and provide an overview of their features, pricing, and audience reach.
Crowdsourcing Platforms
With the rise of the internet and social media, the concept of crowdsourcing has become increasingly popular in recent years. From funding creative projects like art, music and film to raising money for personal causes, emergencies and non-profits, the options for crowdsourcing are endless. With so many platforms to choose from, it can be overwhelming to decide which one is the best fit for your project.
As you will see, there are many different types of crowdsourcing platforms available, each with their own set of features and pricing structures. Some platforms like Kickstarter and Indiegogo are geared towards creative projects and have all or nothing funding models, while others like GoFundMe and Patreon focus on personal causes and provide recurring funding options for creators. Some platforms like Tongal and Freelancer focus on matching businesses and entrepreneurs with a community of creatives and freelancers. Other platforms like Wefunder and Sparked focus on equity and investment-based crowdfunding. Depending on the nature of your project, audience and funding needs, you can find a suitable platform that will help you to achieve your goals, and get the support and funding you need.
Kickstarter
Perhaps the most well-known name in artistic communities when it comes to crowdfunding is Kickstarter. Since the platform’s 2009 launch, artists, singers, creators, and filmmakers have mostly used it to realize their ideas. Set your goal amount and the timeframe in which you want to reach it when starting a fundraising campaign on the platform.
Price
5% Platform fee on top of 3-5% processing fee per transaction.
Indiegogo
Since its founding in 2008, Indiegogo has contributed to the funding of more than 800,000 projects. You can start a campaign on the platform, which is accessible in 235 countries and territories, to raise money for any kind of initiative or cause. The platform allows you to construct campaigns that can last up to 60 days.
Price
5% Platform fee with additional 3-5% third-party processing fee on funds raised.
SeedInvest
The idea behind SeedInvest was to make fundraising simpler for nascent firms. We can confidently say that it is one of the top crowdfunding websites for startups after bringing in over 500000 investors during the course of its existence.
Price
SeedInvest takes a cut from raised money. This cut involves a 5% placement fee and a 5% equity fee.
Patreon
Patreon is a subscription-based fundraising platform that has assisted independent creators such as YouTubers in establishing a consistent stream of revenue raised from individual subscribers. The platform’s popularity increased after YouTube tightened its monetization restrictions, making it more difficult for them to make ad money on the platform.
Price
Lite plan – 5% platform fee, Pro plan – 8% platform fee, Premium Plan – 12% fee plus. Processing fees of 2.9% also apply.
GoFundMe
GoFundMe is a platform that allows individuals to set up crowdfunding campaigns to raise money for personal causes and emergencies, such as medical bills and natural disasters. It’s simple, user-friendly interface and no deadlines on campaign means it’s very accessible to use.
Price
GoFundMe charges a 5% fee on funds raised and payment processing fees of around 2.9% + $0.30.
Tongal
Tongal is a platform that connects businesses and brands with a global community of creatives to produce authentic, crowd-sourced content, such as advertising and promotional materials.
Price
Tongal charges a percentage of the project budget, which varies based on the scope of the project.
Freelancer
Freelancer is a platform that connects businesses and individuals with a global network of freelancers for a wide range of tasks, including programming, design, writing, and more.
Price
Freelancer charges a 3% processing fee for each transaction and also has a membership plans for businesses and freelancers.
Quirky
Quirky is a platform that allows inventors to submit their ideas for products, and then allows the Quirky community to vote on which ideas should be developed into products.
Price
Quirky takes a percentage of the revenue generated by products developed through the platform, the percentage varies depending on the product and if it is developed under a licensing or co-development agreement.
MicroWorkers
MicroWorkers is a platform that allows businesses and individuals to outsource small tasks, such as data entry, research, and online marketing, to a global workforce of micro workers.
Price
MicroWorkers charges a 15% fee on the total cost of the task, and an additional 3% for payment processing.
Genius Crowds
Genius Crowds is a platform that helps organizations tap into the collective intelligence of a community to solve problems and generate new ideas.
Price
Genius Crowds charges a per-use fee for their services, the pricing varies on the scope and complexity of the project and the size of the community that will be involved.
GiveForms
GiveForms is a platform for creating custom, mobile-friendly fundraising pages for non-profits and charity organizations.
Price
GiveForms charges a transaction fee of 2.9% + $0.30 per donation, with a monthly subscription starting at $49 per month.
GiveCampus
GiveCampus is a platform that specializes in fundraising for education-related causes, such as schools, universities, and educational non-profits.
Price
GiveCampus charges a 1.9% + $0.30 transaction fee and a 3% payment processing fee.
YouCaring
YouCaring is a platform that allows individuals and organizations to set up crowdfunding campaigns for personal and charitable causes.
Price
YouCaring charges a 2.9% + $0.30 transaction fee, with an option to have their platform fee waived if you choose to add a voluntary tip.
Classy
Classy is a platform that provides tools for non-profits and charity organizations to raise money through crowdfunding, peer-to-peer fundraising, and events.
Price
Classy charges a 1.9% + 30 cents per transaction for their fundraising platform, with additional costs for other features such as event ticketing or peer-to-peer fundraising.
Seedrs
Seedrs is a platform that allows individuals and organizations to raise money through crowdfunding and equity fundraising, connecting them with a community of investors.
Price
They charge a 7.5% success fee on funds raised and also carry out an annual fee on the shares issued via the platform.
Wefunder
Wefunder is a platform that connects startups and small businesses with investors through crowdfunding and Regulation Crowdfunding.
Price
Wefunder charges a 7.5% success fee, as well as a $299 setup fee, and a monthly subscription fee for additional services.
Invested.in
Invested.in is a platform that allows individuals and organizations to raise money through crowdfunding and rewards-based campaigns.
Price
They charge a flat platform fee and a payment processing fee of around 3%
StartEngine
StartEngine is a platform that connects startups and small businesses with investors through crowdfunding and Regulation Crowdfunding.
Price
StartEngine charges a 5% success fee, as well as a $499 setup fee, and a monthly subscription fee for additional services
Crowdcube
Crowdcube is a platform that allows individuals and organizations to raise money through crowdfunding and equity fundraising, connecting them with a community of investors.
Price
They charge a 7.5% success fee on funds raised and also carry out an annual fee on the shares issued via the platform.
Pozible
Pozible is a platform that allows individuals and organizations to raise money through crowdfunding and rewards-based campaigns.
Price
They charge a 5% platform fee and a payment processing fee of 2.5% + $0.30 per transaction
Fig
Fig is a platform that allows independent game developers to raise money through crowdfunding, equity fundraising, and rewards-based campaigns.
Price
They charge a 5% platform fee, and a payment processing fee of around 3%
Sparked
Sparked is a platform that allows individuals and organizations to raise money for social impact causes through crowdfunding and rewards-based campaigns.
Price
They charge a 4% platform fee and a payment processing fee of around 3%.
Demohour
Demohour is a platform that allows individuals and organizations to raise money through crowdfunding and rewards-based campaigns.
Price
They charge a 5% platform fee, and a payment processing fee of around 3%.
RocketHub
RocketHub is a platform that allows individuals and organizations to raise money through crowdfunding and rewards-based campaigns.
Price
They charge a 4% platform fee and a payment processing fee of around 3.5%
Ulule
Ulule is a platform that allows individuals and organizations to raise money through crowdfunding and rewards-based campaigns.
Price
They charge a 5% platform fee and a payment processing fee of around 3%
CrowdSupply
CrowdSupply is a platform that allows individuals and organizations to raise money through crowdfunding and rewards-based campaigns, with a focus on hardware projects.
Price
They charge a 5% platform fee and a payment processing fee of around 3%
CrowdOx
CrowdOx is a platform that helps creators and entrepreneurs with the fulfillment process of their crowdfunding campaign. They offer various plans and features depending on the need, such as reward management, pre-order management and more.
Price
They charge a percentage based on the number of backers and transaction fees.
CrowdfunderUK
CrowdfunderUK is a platform based in the UK that allows individuals and organizations to raise money through rewards-based crowdfunding and fundraising.
Price
They charge a 5% platform fee, and a payment processing fee of around 2.5%.
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