Crowdfunding platforms are helping many individuals worldwide achieve their dreams and recover from tragedies. If you want to make a difference in people’s life by creating a crowdfunding app, here’s how to do it correctly:
What is a Crowdfunding Platform?
A crowdfunding platform is designed to finance a certain project or cause with the help of contributions made by multiple individuals. It can be a website or an app dedicated to generating capital through contributions. Crowdfunding platforms can also be used for donations and crowdlending. Some of the most common crowdfunding websites include GoFundMe, Patreon, Kickstarter, Crowdfunder, Indiegogo, Mightycause, etc.
So, how do crowdfunding platforms work?
- Whether the user wants to create a fund, donate, or contribute to a cause, they must create an account first.
- Once users have an account, they are prompted to provide their account information.
- For creating a fund, the project manager can write the title, enter the required amount, and write a detailed description to explain the fundraiser’s cause.
- After the fundraiser ends, the crowdfunding platform delivers the funds raised to the project manager after deducting a certain percentage of the total amount as commission or platform fee.
How to Build a Crowdfunding App from Scratch?
Want to build a crowdfunding app from scratch? Here are the steps you should follow:
Step 1: Analyze the Market and Target Audience
Knowing your audience and market is important before developing an app. You need to determine what kind of funding platform you want to create. It could be for donations, contributions, investment in a startup, or debt (crowdlending). You should also establish the niche of your funding platform. For example, if you organize fundraisers for promising tech entrepreneurs and help them launch their business or product, you can create a crowdfunding app similar to Kickstarter. Also, your target audience should consist of tech enthusiasts who enjoy spending on cutting-edge and interesting tech products.
Step 2: IT Consulting
Now that you have analyzed the market and your audience, it’s time to consult a team of experienced IT consultants. You have an idea in your mind. But they are the ones who know how to execute it practically. They’ll help you understand the demands of your audience and create a digital strategy for your app. They’ll also develop the concept and content of your future app while planning out the budget and costs. Proper planning can save a lot of time and money on your mobile app development project.
Step 3: Create a Responsive UI/UX Design
Crowdfunding apps are all about trust. People won’t donate or contribute their money to an app with a bland and average UI/UX. It would be hard for most users to trust a poorly designed app. Hence, after discussing your app development project with an IT expert, you should start working with UI/UX designers to create your app’s visual interface. Your app should be highly responsive. Even the slightest of delays can ruin customer experience. So, make sure your app is developed according to your client’s or target audience’s demands.
Step 4: Front-End/Back-End Development
After finalizing the wireframe and UI/UX design, it’s time for the most important part of this process – writing the actual code for the app. You can develop your crowdfunding app using any platform or programming language. But, for the best results, make sure you hire mobile app developers who are highly experienced and skilled. If you have the budget, hiring a project manager who can handle all processes and tasks using agile methodology is always advantageous. This will help you launch your crowdfunding app as soon as possible without further delaying and compromising on quality.
Step 5: Testing
Once the dev team finalizes the app’s front-end and back-end code, you should send your app to the QA engineer for revision. Launching an app without getting it checked by a skilled tester or QA engineer can lead to severe consequences. This is not a risk you should take. QA engineers test the functionality and performance of your app and detect all bugs and malfunctions. They create a report and send the app to the development team for improvement. Once the app is free from all bugs and malfunctions, it gets launched for users.
Step 6: Support
Users will encounter issues over time, like bugs, security issues, even after your app launches. In such cases, you should have a technical support team who can promptly respond to users’ concerns and provide them with the best technical advice on time. Companies with poor after-sales service struggle a lot.
Cost of a Crowdfunding App Development Project
The cost of developing a crowdfunding app gets affected by various factors, including features, hourly wages, platform fees, design, development, and marketing. Hence, depending upon the scale, a crowdfunding app development project’s total cost can be around $60,000 and $230,000.
Why is it Better to Hire Mobile App Developers from an App Development Company?
Hiring an in-house team of developers can drain your budget rapidly. If you want to develop a crowdfunding app without spending a fortune, you can hire mobile app developers from our website.