Getting capital to fund your business idea can be a difficult task. If you are not able to acquire loans from family, friends, or even financial institutions, you can consider crowdfunding.
What is Crowdfunding?
Crowdfunding is a system of funding in which individuals pool finances, money, and resources together to achieve a common objective. Crowdfunding is usually done on the internet, donors meet and gather funds to achieve their interest.
People raise money for various purposes with the help of crowdfunding sites. Getting finance from crowdfunding platforms isn’t the same as getting finance from banks and loan organizations. In crowdfunding, the amount of money needed for the project is listed for all donors to see and at the end of the fundraising, the money donated is donated to the project creator to commence the project.
A typical example of this is Erica Nlewedim, the Big Brother Lockdown housemate. After her eviction from the house, an online donation was done for her on a crowdfunding site. In less than 48 hours, the donations had amounted to more than $15,000. Another example is Omoyele Sowore, a 2019 Presidential aspirant who raised funds for his election bid through crowdfunding.
Crowdfunding is a good ground to get funds to accomplish or start a project. However, some crowdfunding sites may decide to keep a percentage or share of the money raises (usually 5% or less) for their service. A crowdfunding site is an online platform where donations from individuals are raised for different purposes. Some of the reasons for crowdfunding include raising funds for:
Burial and funeral ceremonies.
Starting a business.
Pay bank loan.
Travel and accommodation.
Pay hospital and medical bills etc.
That being said, let us take a look at the list of the best crowdfunding website in Nigeria. If you are looking to raise quick funds or finance for an emergency, you can try out any of the crowdfunding websites mentioned here.
List of the Best Crowdfunding Websites in Nigeria
Below are some of the crowdfunding platforms in Nigeria to use for fundraising and online donations:
9. Circle Up
10. Fund an Enterprise.
Certainly, crowdfunding offers you better ways to raise money for your ideas, work, or projects especially if you have no funds or clues on how to get finances. You can register on any crowdfunding site of your choice, set a fundraising goal, set a deadline, and submit the project.
Posting a campaign and soliciting donations on crowdfunding isn’t all. You also have to promote the campaign actively and your reasons must be genuine. Also, you should be ready to produce a proof for people to see, you can post a photo or a short video on social media telling people why you need funds and what you intend to do with the funds raised.
If you have no idea on how to create a solid crowdfunding campaign, you can hire the services of a digital marketing agency or PR.