Alternative Crowdfunding Platforms to Indiegogo: A Comprehensive Guide

Indiegogo

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GoFundMe

37

Indiegogo and GoFundMe are two of the most popular online crowdfunding platforms, allowing users to raise money for causes ranging from personal to social. Both websites enable users to set up campaigns, receive funds through donations, and post updates on their projects. However, there are several features that make these two platforms different from one another. When it comes to setting up campaigns, Indiegogo allows users more flexibility as they can create both ongoing and fixed-time fundraising campaigns. GoFundMe offers only fixed-term campaigns. With Indiegogo, users have a choice of receiving funds as soon as they are collected or after the campaign ends; with GoFundMe, all funds must be received at the end of the campaign period. Additionally, Indiegogo has a feature that enables creators to offer rewards for donations made by contributors. This is not available with GoFundMe. In terms of raising funds, Indiegogo is open to contributions from both individuals and organizations while GoFundMe only accepts individual donations. Furthermore, while both sites offer payment processing services via PayPal and other major credit cards, Indiegogo also allows users to accept payments through wire transfers and bank transfers in certain countries. Finally, when it comes to tracking progress of a fundraiser’s goals and success metrics on their website dashboards, GoFundMe provides detailed analytics whereas Indiegogo only offers basic insights into the performance of a campaign. Overall, Indiegogo is ideal for those who want more control over their fundraising project with access to additional features like offering rewards for donations made by contributors; whereas GoFundMe may be better suited for those seeking quick setup time and more detailed analytics regarding their campaign’s success metrics.

Indiegogo

vs.

Kickstarter

49

Indiegogo and Kickstarter are two popular crowdfunding websites that allow people to raise money for their projects. Indiegogo offers both flexible and fixed funding options, meaning backers’ money is only collected if the entire goal is met in the case of fixed funding, or if the project reaches a certain amount of funds in the case of flexible funding. Additionally, Indiegogo allows users to keep all funds raised regardless of how much is reached, but does collect a 9% fee on all successful campaigns. Kickstarter, on the other hand, only offers fixed funding and requires goals to be fully met before any funds are released; however, it only takes a 5% fee from successful campaigns. Both sites offer extensive marketing resources and support to help campaigners promote their project. Lastly, Indiegogo has a wider range of categories than Kickstarter, with over 15 different areas including technology, film & video, education and charity.

Indiegogo

vs.

Patreon

57

Indiegogo and Patreon are both platforms for crowdfunding projects. Indiegogo is a platform that allows users to quickly create a campaign page to raise funds for their project, while Patreon is focused more on ongoing funding of creative projects. Indiegogo offers flexible payment options such as accepting credit cards, PayPal, Apple Pay, Bitcoin and even checks. Projects can have multiple levels of rewards based on the amount of money pledged by backers. It also offers investors the option to invest in projects with equity or debt funding options. Patreon simplifies ongoing support of content creators, offering them a way to get recurring donations from patrons who pledge to support them. It also provides detailed analytics on user engagement and campaigns tailored to specific interests or goals. Additionally, Patreon has a suite of tools that helps creators market their content and grow their fan base.