For the most accurate information, please ask your customer service representative. Pricing will vary based on various factors, including, but not limited to, the customer’s location, package chosen, added features and equipment, the purchaser’s credit score, etc. So you may find that you’re dealing with a smaller pool of donors than previous campaigns had.ĭisclaimer: The information featured in this article is based on our best estimates of pricing, package details, contract stipulations, and service available at the time of writing. But these reviews do show that a lot of Kickstarter backers feel cheated, which makes them less likely to donate to future campaigns. We’d love to tell you that you shouldn’t worry about these reviews, because you’ll be a project creator instead of a backer. Then when they tried to complain to Kickstarter about it, they got no help (or sometimes no reply at all). Just about all the negative reviews say pretty the same thing: A project backer donated to a campaign, waited a long time for their promised reward, and never got anything. Plus, you need to keep in mind that almost all those bad reviews come from Kickstarter backers―not Kickstarter creators. But frankly, it’s not that bad for a crowdfunding platform (in fact, GoFundMe is the only platform we’ve seen that has good reviews). Kickstarter has a 1.3 out of 5 on Trustpilot. But in case you’re still on the fence, let’s see what Kickstarter users have to say. (Otherwise, you might want to find another platform on our rankings of the best crowdfunding sites for startups.)Īt this point, you should have a pretty good sense of whether or not you want to create a Kickstarter campaign. Put simply, if you’ve got a creative project that would make for a good reward―and you can deal with an all-or-nothing funding model―then Kickstarter is a great option. So you may very well end up with more backers (and therefore more funding) than you’d get from a keep-what-you-raise platform. It lowers the risk for backers, since they don’t have to worry that you won’t make enough money to fulfill promised rewards. Because, in theory, this model encourages more people to contribute to your campaign. In fact, more campaigns fail than succeed.īut the all-or-nothing model might actually help you. The downside, of course, is that you could walk away from your campaign with nothing. If you fall even a little short, though, you don’t get anything. If you meet it, great! You get all your money. You have to set a funding goal when you create your campaign. See, Kickstarter uses an all-or-nothing funding model.
That doesn’t mean you’ll like Kickstarter’s funding model. “Is a 9% failure rate reasonable for a community of people trying to bring creative projects to life? We think so, but we also understand that the risk of failure may deter some people from participating,” the company wrote.Let’s say a Kickstarter campaign would work nicely for your business. Kickstarter cast the findings in a positive light, and again reiterated its long-held position that the platform is not a “store” where people can buy goods and get a guarantee it will arrive on their doorstep. In November the company behind a miniature drone that raised more than $2 million on the site declared bankruptcy, while another company making a high-tech cooler angered backers by selling the device on Amazon before providing it to everyone who supported the original Kickstarter project.Īccording to the study, though, the projects with the highest failure rate are those that raise less than $1,000. Lots of high-profile Kickstarter projects have run into big problems after getting massive amounts of funding.
The study, whose findings Kickstarter says it did not influence, included survey answers of backers of more than 30,000 projects from 2009 to 2015.
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