After, people interested in supporting the project can pledge by backing the campaign at various levels, each offering different rewards. These supporters are called backers. If the project reaches its funding goal before the deadline, it is considered successful, and the funds are collected from backers’ credit cards. If the project does not reach its funding goal, no funds are collected, and the project does not move forward.
Completes the project and delivers the rewards to backers within payroll directors mailing lead the agreed-upon timeline. Kickstarter takes a 5% fee from the funds raised, asides the additional fees charged by payment processors. Any type of project can be supported on Kickstarter, from films, music albums, art installations, games, and inventions. How Kickstarter Makes Money Kickstarter has become a go-to source for thousands of innovative ideas by funding everything from films and music albums to new products and technologies.
However, many people do not know how Kickstarter makes money. Here is how the company generates revenue: Funding Fees The primary way that Kickstarter makes money is through funding fees. When a project is successfully funded, Kickstarter charges a 5% fee on the funds raised. This is deducted from the project’s final funding total. For example, if a project raises $10,000, Kickstarter takes a fee of $500.
Once the funds are collected, the creator
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