Deciding on a target amount is not always easy: In fact, CHF 10,000 would be enough to launch the project, however you could expand the project with CHF 15,000. In such cases, stage funding is a good choice namely when a project can be implemented in various sizes. Stage funding integrates additional security levels in the “all-or-nothing” system. Once a stage is reached, the amount for the project is secured. After that, the game starts all over again: Once the next stage is reached, the difference in the project's crowdfunding pot is secured. Therefore: Not all projects are suitable for stage funding.
STAGE FUNDING EXPLAINED USING AN EXAMPLE
Johanna wants to open a café. She already found a suitable place. She needs CHF 20,000 to cover the rent for half a year as well as buy the minimum required equipment. But for another CHF 6,000, she could add a wonderful outdoor seating area. And for an additional CHF 3,000, a super cosy reading corner. But CHF 29,000 is a lot of...
It has finally happened: The new Crowdify Guide is ready to download! We have completely reworked and redesigned our handy crowdfunding handbook. In there you will find our very best crowdfunding tips and tricks. Want to have it? Are you already registered on Crowdify? In that case you'll find the link at the top of your Welcome-Board or also in your project dashboard in the "promo" section. You're not already registered with us? Then what are you waiting for? After registering you will receive the download link in your welcome-email and later on also see it in your Welcome-Board.
You don't want to advertise your project and are just looking for a tool to finance a project with other people? This is also possible with Crowdify. If you decide on «Private Funding», your project will not appear anywhere on the platform and is only accessible via direct link. Sounds good?
To start a «Private Funding», start entering your project as you would a regular one and in section 3: «Project conditions» check the box that says «Optional, Private Funding».
