Q: "Should I use FreeFunder or GoFundMe to fund my debut CD? I'm a new artist with very few fans."
Of course, I answered, too, saying that FreeFunder is free whereas GoFundMe charges a 5% platform fee. This makes the platforms very different.
With that said, there are many platforms to choose from. Platforms geared toward women, entrepreneurs, start-ups and real estate, etc. Choosing the right platform is secondary to promoting your project. Platforms don't determine success. You have to promote your project in order for it to succeed, regardless of the site. Your fundraising success is determined by you.
Still, here are several reasons why FreeFunder is a great platform to raise funds for a new CD:
Great customer service
Your success is our success. Whether you are a fundraiser or contributor, we are ready to quickly answer your questions. Contact us before, during or after your FreeFunder campaign. We're here to help.
A big fish in a small(er) pond
FreeFunder is a smaller platform than GoFundMe so there are fewer campaigns, which can make it easier for your project to be discovered by potential donors.
We donate to campaigns
To raise money for your project, you have to promote it. We give you an incentive to do that by donating $20 dollars when you reach 100 Facebook shares and $50 more when you reach 500 shares.
We provide great tools that make it extremely easy to set up and maintain a FreeFunder campaign. You can also create customized pages and a custom sharing link for your project. Just provide the details. Our tools will do the rest.
No platform fees or deadlines
Did I mention it's free? At FreeFunder, you keep the funds you raise. If you raise $1 or one million dollars, you get the funds. And there's no deadline. Take as long as you like to raise the funds you need. Your project's success is determined by you.
Note: There is a small, mandatory third-party transaction fee (which is usually 2.9% plus $.0.30) that goes directly to the online payment company, not FreeFunder.
Crowdfunding Tips and Strategies
Whether you're launching your first project or just interested in industry trends, you can learn a lot about crowdfunding on our blog. We've covered a plethora of topics, including crowdfunding misconceptions, how to launch a campaign and how to promote a campaign.
We have a strong fundraising track record. Musicians, filmmakers and other artistic folk are successfully raising funds on the platform. Check out these success stories: Charmaine Headley, Jenn Page and Into Hymn. The fundraisers set their own pace to reach their goals.
Crowdfunding is a rapidly growing and changing industry. We are excited to be a part of it, helping people raise funds for personal causes. Launch your project.
When an accidental fire burned through the third floor and attic of an apartment complex, Colleen Fallon wanted to help her friends the Moore Family. After researching different crowd funding platforms, she chose FreeFunder because FreeFunder passes the entire donation on to the Campaign Creator, instead of taking 5% or more as other platforms do.
The Moores were unharmed in the fire, but many of their belongings were lost and they needed help getting resituated. Colleen set a goal amount of $1,482. Within 16 hours, the FreeFunder campaign had blown past that goal, already raising $2,370, as mentioned in this news article. By the end of the campaign, the fundraiser raised more than 300% of the goal amount, providing the Moore Family with $5,165 to help them rebuild.
"What an amazing thing to wake up to! ...In only 11 hours of this being created you all have seen the goal line and then hurdled it! ...Thank you to all who have donated and shared this link, everything little bit helps. I'll be seeing Marcus and Heather this weekend and can't wait to give them some hope for the future because of everyone who has shown compassion. Cheers to all!" - Colleen Fallon