Crowdfunding Cooperation

Synergies can help crowdfunding succeed

Please share this.
Share with your friends










Submit

Given what we said about coopetition in our last blog post, in a cooperative model each campaign could individually decide to assist another campaign for their mutual economic benefit.

It may seem contradictory to suggest that a critical mass of crowdfunding campaigns can result in cooperation that benefits everyone instead of competition that delivers a zero-sum success-failure ratio. But it’s not a contradiction.

With a few tweaks, crowdfunding could be transformed into a phenomenon in which the goodwill and assistance of others are mobilized in mutually supportive ways while still benefiting each individual within a competitive environment. It would be ideal if there were a crowdfunding platform that allows us to operate independently of mega-sites – with their inherent competitiveness – but which lets us plug into a community of like-minded, cooperative venturers who can help us and who can be helped by us.

(more…)

Read More

BidOkee-QUILs

The future of crowdfunding: Coopetition

Please share this.
Share with your friends










Submit

Some crowdfunding campaigns are launched and almost immediately attract improbable amounts of support.

In many cases, there is nothing inherently wrong with this. Most good campaigners will prepare in advance for a healthy launch by lining up networks of friends and family so that the campaign gets off the ground nicely as soon as it launches.

This priming of the pump is a deliberate strategy widely acknowledged in crowdfunding circles. Defenders of the practice say that any campaign that doesn’t plan for at least some degree of pre-arranged funding and traffic to get the ball rolling is badly planned. Fair enough. But it is still, in principle, at least, anathema to the idea that all ideas are playing on a level field.

(more…)

Read More

BidOkee-QUILs

Crowdfunding’s massive growth still just tip of iceberg

Please share this.
Share with your friends










Submit

There are over 1,250 crowdfunding platforms worldwide. Approximately one million crowdfunding campaigns are launched annually. Over $20 billion in crowdfunding transactions will occur this year – a 100% increase over last year – according to Equitynet.

A World Bank report estimates that, by 2025, this number will spike to $300 billion annually, while others estimate as high as $500 billion, with up to $3.2 trillion in economic activity.

As impressive as they are, these numbers still do not quite tell the full story.

Entrpreneur.com reports how difficult it is for start-ups to get funding despite the proliferation of crowdfunding. Currently, 90% of the world’s online population has access to crowdfunding and $1,400 is raised in donations every minute. Still, only 3% of all start-up funding comes from crowdfunding. That is destined to change. Yet there are serious hurdles to overcome. (more…)

Read More

BidOkee-Loyalty

Innovate or die: Crowdfunding’s existential problem

Please share this.
Share with your friends










Submit

Crowdfunding needs to be a story of a majority of successes, not failures.

Crowdfunding is facing serious challenges in keeping up with the extraordinary expansion the sector is seeing year over year.

It is, of course, a pretty good problem to have. When your biggest worry is ensuring your technology and systems are keeping up with the massive growth in your sector, it’s a difficulty most people would love to face.

Not so much for consumers, though.

(more…)

Read More

Social-Currency

Crowdfunding growth creates challenges

Please share this.
Share with your friends










Submit

Crowdfunding growth creates challenges

Crowdfunding is experiencing stunning growth – 167% growth in 2014 alone. But with that kind of growth can come growing pains.

For crowdfunding, though, the pains are especially acute, because the industry is expanding at a rate almost unheard of in history.

This means that crowdfunding sites – the platforms upon which the vast majority of crowdfunding campaigns take place – understandably have trouble keeping up with the quickly shifting landscape. The challenge is how to keep up with the proliferation of new technologies and services that consumers demand – particularly those that deliver greater freedom and control for the user.

(more…)

Read More

BidOkee-QUILs

QUILs are BidOkee’s secret weapon for revenue-generation

Please share this.
Share with your friends










Submit

What differentiates BidOkee from other crowdfunding sites is the shared, collective resources that support each crowdfunding campaign.

One of the innovative approaches is the automated generation of leads campaigns gather through the gamified BidOkee system.

When you build your crowdfunding site using BidOkee’s do-it-yourself platform, you can reward your backers with loyalty points that they can use in BidOkee’s central auction hub and etail store. While your site is a standalone, independent crowdfunding campaign, BidOkee’s auction hub is shared by all the backers of all the campaigns using the BidOkee platform. That means you have an opportunity to showcase your product in front of thousands of people who are looking for the coolest, newest thing.

(more…)

Read More