Beginning a crowdfunding platform is one best start-up ideas for entrepreneurs. During its very beginning crowdfunding business model was restricted to donation and reward crowdfunding, but the launch of crowdfunding open source technology and amendment in security rules of countries across the world has made it an expanded business funding models comprising equity crowdfunding, loan equity, real estate crowdfunding, coal and mining etc.

Today, the crowdfunding business model has expanded to a great extent, a stage which people haven’t imagined before.

Is open source crowdfunding platform a good step?

If you wish to develop an open source crowdfunding software, you need to set up a site with all modules in the front end as well as back end to support crowdfunding business procedure and the crowdfunding cycle.  You can make a crowdfunding software in three forms:

1. Develop it on your own: Re-invention of the cycle isn’t a simple task. It requires a lot of energy, cost and time. Also, you require an in-house team of members in a mobile app development company to develop and organise the crowdfunding platform. The advantage of going with this step is that you will get complete access to ownership of your source code and get a completely customized solution according to your needs.
2. Download the available crowdfunding open source platform online: You have a lot of crowdfunding WordPress reliant open source or cost efficient solutions available using which you can download and start with your crowdfunding software without any money. However, you have to be technical person for this option. Or, you can hire a team of mobile app development company who perform all the server and software configuration and offer customization to you as per your crowdfunding platform needs and requisitions.
3. Purchase white label crowdfunding open source software: the open source white label crowdfunding software are available on sale. They are cost effective solution for those who wish to start their unique crowdfunding site with personalization. They offer ready to use crowdfunding service along with personalization benefits. It is the best option to choose if you have no knowledge in programming or web development as everything is taken care of by the seller.

If you are looking for an all in one crowdfunding solution, then get in touch with a mobile app development company that deals with all types of crowdfunding scripts to suit your need and requirement of commencing a crowdfunding platform, whether it is donation based, reward based, equity based or real estate based crowdfunding software.

The software should be decked with customization services where your team of developed will add functionalities as per your preference. However, it is up to you choose the right crowdfunding solution depending on your business mode. The list is given to you below:

1. Donation based crowdfunding software
2. Reward based crowdfunding software
3. Equity based crowdfunding software
4. Real estate based crowdfunding software
5. P2P based lending software

You can talk to the developers about your idea and they will suggest will module will suit you perfectly.

Paul Petersen