What is Crowd-Funding

Online Fund Raising India

How to make a Start51.com project?

Explaining your ideas:

If you have a product, project or vision? It can be big or small, and if you want to make it recognizable, you need money to fulfill your ideas.

Start51.com is the perfect platform to help you in collecting finance for such “definite” projects. You, as creator, have to be clear about the beginning and know the end of the project; for example, recording for a new album is a project having fixed duration. The project ends as soon as the album is released. Thus, you have to define “what purpose you are raising or need funds for”.

At Start51.com, the goal is precise and transparent for both the creator and the contributor. Establishing the project’s goal and the scope of success is what defines the project.

The goal of Start51.com is clear communications between the creator and the contributor by providing a platform for personal messaging, open chat and e-mails. Contributor’s role is to fund the project. In addition, we draw attention to your project by sharing it with others who may come forward and fund it.

Setting Your Goal:

Start51.com operates on the principle of all-or-nothing funding model. In this, you set the funding goal and your project must be fully funded. If your funds requirement remains incomplete, then no project is initiated.

For example, your target is to collect Rs.2 lakhs via Start51.com for editing, and printing a book. If you receive anything below the targeted amount, all the funds are returned to the contributors, and the project creator gets nothing.

There is no magic formula, as the creator needs to determine the monetary target accurately for successful completion of his desired project.

Rewards:

The contributor must benefit from a project as much as the creator is benefited. So, the project creator has to give tangible rewards to his contributors who have helped in the success of the project. Carefully plan out what rewards you can offer. Rewards are what contributor receives in exchange for supporting a project. Rewards that you choose will depend entirely on your project. Rewards have to be creative, tangible and value for money. The rewards for projects that are well priced and inspiring tend to find great support.