Do Kickstarter backers make money?

And Kickstarter cannot be used to offer financial returns or equity, or to solicit loans. Some projects that are funded on Kickstarter may go on to make money, but backers are supporting projects to help them come to life, not financially profit. You can learn more about Kickstarter and how it works in our FAQ.

Is Kickstarter free money?

The short answer is that the Kickstarter platform is free to use until your project is funded. On Kickstarter, projects are only successful if they reach their minimum funding goal. If your project tips (e.g. is successfully funded), you have to pay Kickstarter a 5% fee and as well as a payment processor fee.

Does anyone still use Kickstarter?

That’s how much funding has been successfully raised for over 145,000 creative projects on the Kickstarter platform since the company’s founding less than a decade ago. In 2019 and beyond, Kickstarter will continue to be the #1 platform in the world for independent creators looking to fund and launch creative projects.

What’s better Indiegogo or Kickstarter?

The takeaway: Kickstarter has a higher success rate because of its quality control and more selective process. Indiegogo is a more open platform where new, inexperienced companies flock to and fail, lowering the platform’s overall success rate.

What happens to extra money on Kickstarter?

Any funds raised beyond the goal will help the creator to cover any manufacturing or shipping costs related to their add-ons. In other cases, overfunding leads to better margins and the creator may even profit from the project.

What is not allowed on Kickstarter?

Projects can’t offer equity. Investment is not permitted on Kickstarter. Projects can’t offer incentives like equity, revenue sharing, or investment opportunities.

How do you start a successful Kickstarter campaign?

6 Must-Read Tips for Running a Successful Kickstarter Campaign

Have an idea worth selling. This may seem like an obvious tip, but make sure you really believe in your project before starting a campaign.
Be in constant contact with your backers.
Reward your supporters.
Set deadlines.
Remain professional.
Throw yourself into marketing the project.

Why is Kickstarter so successful?

As the largest funding platform for creative projects in the world, it’s no secret as to why Kickstarter is as popular and successful as it is. With a simple design, easy-to-use interface, and an ever-growing userbase, Kickstarter is the number one place independent creatives go to raise funds for their projects.

How do I kick start my project?

How to Successfully Kickstart a New Project

COMMUNICATE WITH YOUR AUDIENCE.
LEARN THE TEAM CULTURE.
ARTICULATE THE BUSINESS VALUE OF THE WORK CLEARLY AND CONSISTENTLY.
UNDERSTAND THEIR HESITATION, EVALUATE POTENTIAL CAUSES AND RELIEVE THEIR CONCERNS.
BE ADAPTABLE IN YOUR STYLE AND IN MEETING THE BUSINESS NEEDS.

Does it cost money to start a Kickstarter?

If your project is successfully funded, the following fees will be collected from your funding total: Kickstarter’s 5% fee, and payment processing fees (between 3% and 5%). If funding isn’t successful, there are no fees.

What is a good Kickstarter goal?

The average Kickstarter goal is around $5,000 though most don’t reach their funding goal. The average crowdfunding goal for successful projects is lower. The good news is that if you can raise at least 20% of your goal, odds are that you can reach fully funded.

How does Kickstarter get paid?

Kickstarter makes money by taking 5% of the total amount of money that is funded on the site. Those who want to be funded get a group of backers to donate to their project and then promise the backers with an incentive or reward.

How long does it take to get Kickstarter money?

14 days

Does Kickstarter Protect your idea?

A patent application must be filed within 12 months of releasing your idea publicly in the United States, and it is important to note that starting a campaign on Kickstarter is the start of these 12 months. At a minimum, a provisional patent should be acquired prior to any foreign crowd-funding efforts made.

How do you know if a Kickstarter is closed?

You should receive a confirmation email to confirm that you are now a backer of the project. If the project is successfully funded, your card will be charged when it reaches it’s deadline.

Can you back a Kickstarter project after it ends?

If a project is still live, you can cancel your pledge before it ends. However, once a successful project has ended, and collection has started, it is no longer possible to cancel your pledge. If you’re interested in having your collected pledge refunded, you’ll need to reach out to the creator directly.

Who are Kickstarter backers?

Backers are folks who pledge money to join creators in bringing projects to life. Kickstarter is not a store, backers support a creative process. Rewards are a creator’s chance to share a piece of their project with their backer community.

What happens when a Kickstarter ends?

When funding ends successfully, the cash is not immediately available for creators to get to work. During that time there’s a seven-day window where backers can fix any payment problems, and finally in two weeks the funds are ready to withdraw.