Crowdfunding is a form of funding for projects and causes. Thanks to the Internet and the convenient crowdfunding website that is now available, people around the world can donate or pledge to do practically anything. In this article, we will discuss Indiegogo vs. Kickstarter.
If you are familiar with the idea of crowdfunding, then you probably already know that the two most popular platforms are Indiegogo and Kickstarter. Both are great options, but each has its own set of features and features.
To see if Indiegogo or Kickstarter is right for your crowdfunding campaign, read the comparison below. The overall result is given below:
Kickstarter
- Applicants from the US, UK, Canada only.
- All campaigns require approval.
- This is not at all meaningful.
- 5% fee and 3-5% processing charge.
Indiegogo
- International applicants are welcome.
- Anyone can start the campaign properly.
- If your goals are not met then pay for flexible fund options.
- 4-9% fee.
First of all, you need to know about Kickstarter that it is only for creative projects like gadgets, games, movies, and books. So if you want to raise money for disaster relief, animal rights, environmental protection or anything that is not involved in the development of a creative product or service, you cannot use Kickstarter.
On the other hand, Indiegogo is more open about the kind of campaign you can run. The biggest difference between the two platforms is that the Indigo can be used for almost anything, while Kickstarter is very limited.
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Indiegogo vs. Kickstarter: For each zodiac sign in simple terms:
Kickstarter
- Kickstarter is the world’s best funding platform.
- Who can start a campaign: Indiegogo is more international
Kickstarter - Available in the US, UK, and Canada.
- 18+ people can sign up.
Indiegogo
- Completely international.
- In most countries, people can start their campaigns.
- With Kickstarter, only permanent residents of the US, UK, Canada (and more) over the age of 18 can launch a campaign.
Indigo identifies itself as an international platform, so it allows anyone in the world to start a campaign as long as they have a bank account. The only real restriction is that it does not allow the US to approve intentions from countries included in the list of sanctions.
Application Process: Kickstarter Need Another Indiegogo
Kickstarter
- All operations must be submitted for approval.
- The campaign is the type of project.
Indiegogo
- No approval is required.
- Whenever you create your account, you can start a campaign.
They have to be submitted for Kickstarter campaign approval before going straight. In general, they must complete a project that is based on any department including arts, comics, dance, design, fashion, film, food, sports, music, photography, technology, and theater.
The Indigo application is not processed, so anyone can go ahead and start campaigning without discipline. All you need to do is create a free account to get started.
Fees and payments (Indiegogo vs. Kickstarter): both come at a price
Kickstarter
- Fees derived from final income.
- 5% of the total.
- 3-5% processing fees.
- Dora Integration for easy payment and outstanding balance.
Indiegogo
- Fees derived from final income.
- 4% fee in the campaign to meet your goal.
- 9% fee for a campaign that failed to meet its target.
In exchange for using their excellent crowdfunding platform, both Kika and Indigo charge for their purpose. This fee is charged to the money you collected during your campaign.
In addition to collecting the total amount of funds, the fee is 5 percent for 3-5 percent of the payment processing fee. The company has signed agreements with the online payment processing platform Dora to make payments easier for both manufacturers and bankers, so you will have to draft your Kickstarter project when you give your bank account details.
Indiegogo charges only 4 percent of the fee on the total amount that will meet your goal. But if you do not meet your fundraising goal, you will be charged 9% of the total amount.
What happens if your goal is not made: Indiegogo vs. Kickstarter Which one is more flexible?
Kickstarter
- It is all for nothing. If the goal is not met, the back is not taken.
Indiegogo
- Choose between flexible or specific funds.
- Flexible money will allow you to keep the tasks raised.
- Fixed funding returns money if the goal is not met.
Kickstarter is an all-or-nothing crowdfunding platform. In other words, if a campaign does not reach its fundraising goal, no existing pro bono fee will be charged for the amount they promised and the project creators will not receive any funding.
Indiegogo prefers to present its campaigns in two different ways. You can choose flexible money, which you can keep any money even when you don’t reach your goal, or you can choose fixed money, which automatically makes all contributions when the goal is not reached.
Final Words
The two platforms are great, and none are better than one. There are more options than Kickstarter. Flexible financing includes the type of campaign you can initiate if you do not reach your goal and there is no application process to present your first campaign.
However, to compare between Indiegogo vs. Kickstarter, Kickstarter has excellent brand recognition in the technology/startup and creative arts industry, so if you are planning to start a creative project, Kickstarter may be a good crowdfunding platform for you despite the limitations of Indiegogo.
If you can’t reach your wealth goal, you’ll get a big push from the fee on Indiegogo, even if kick-asses don’t do it (but it doesn’t have to be a penny). In this case, the decision-making process can prove to be a big factor.
