In a country bubbling with entrepreneurial spirit like Nigeria, many innovative business ideas spark but struggle to ignite due to lack of funding.
This financial hurdle often leads to the demise of promising ventures, leaving potentially groundbreaking concepts unrealized.
However, with the advent of platforms like Kickstarter Nigeria, securing funding for your brainchild has become less daunting.
What is Kickstarter Nigeria?
Kickstarter Nigeria serves as a lifeline for entrepreneurs, offering a peer-to-peer fundraising platform that connects idea generators with potential backers.
Unlike traditional funding avenues, Kickstarter Nigeria is free to use, eliminating registration or running fees.
However, if your project garners support, there are fees attached: Kickstarter claims 5% of the raised funds, while Amazon, acting as the escrow, takes approximately 3% to 5%.
The escrow safeguards the funds until the project’s conclusion, either forwarding it as intended or returning it to donors if the project falls short.
Ensuring Funding Success
Kickstarter Nigeria operates on an all-or-nothing model. For a project to receive funding, it must meet or surpass its fundraising goal; otherwise, no funds are disbursed, and contributions are returned to supporters.
This system incentivizes creators to set realistic funding targets and motivates backers to rally behind viable projects.
How Does Kickstarter Nigeria Work?
- Craft Your Project Idea: Start by developing a compelling idea that resonates with potential backers. Whether it’s a tech innovation, a film project, artistic endeavor, or musical venture, ensure your idea captivates and inspires.
- Tell Your Story: Your backstory is pivotal in winning support. Share the journey that led to your project and articulate why it matters. A compelling narrative can sway backers and cultivate belief in your vision.
- Create an Engaging Video: Visuals are powerful tools for connection. Craft an engaging video that showcases your project and communicates its value. Originality and authenticity are key to capturing attention and inspiring contributions.
- Set Up Your Project on Kickstarter: Head to the official Kickstarter website and create your project following the provided guidelines. Ensure all necessary documents, such as identification proof, are submitted accurately.
- Spread the Word: Share your project far and wide with friends, family, and on social media platforms. Visibility is crucial to attracting backers, so leverage every avenue to reach potential supporters.
Kickstarter for Android
To streamline the process, you can download the Kickstarter app from the Google Play Store. With the app, you can set up and monitor your project conveniently from your Android device, making it easier to stay connected with backers and track progress.
Conclusion
Kickstarter Nigeria presents a promising avenue for turning dreams into reality. By leveraging this free platform, Nigerian entrepreneurs can bridge the funding gap and bring their innovative ideas to fruition. Remember, success on Kickstarter hinges on the strength of your idea, the power of your storytelling, and the reach of your outreach efforts.
FAQs
1.What if my project doesn’t reach its funding goal on Kickstarter Nigeria?
If your project fails to meet its fundraising target, no funds are disbursed, and contributions are returned to backers. This ensures that backers only support projects that have a viable chance of success.
2.Are there any upfront fees to use Kickstarter Nigeria?
No, Kickstarter Nigeria is free to use. However, if your project is successful, Kickstarter charges a fee of 5% of the raised funds, while Amazon, acting as the escrow, takes approximately 3% to 5%.
3.Can I monitor my Kickstarter project on my Android device?
Yes, you can download the Kickstarter app from the Google Play Store to set up and monitor your project on your Android device, making it convenient to stay updated on your project’s progress
