Platform Review: Pozible

Summary: Pozible is a crowdfunding platform for creative-minded individuals looking to raise funds, realize their aspirations, and make great ideas become a reality. Project creators are able to present their visions to a worldwide audience, as the platform recently went global.

Best Feature: Unlike some of the other crowdfunding platforms, Pozible offers a variety of resources to help their users succeed. The Pozible Handbook provided by the team includes guidelines for before you start, how to set up your campaign, what to do during your campaign, and where to go after your campaign. Furthermore, the site provides a helpful blog with crowdfunding tips as well as an advice section from previous crowdfunders.

What To Consider: Pozible has an “all or nothing” approach. Each project owner is forced to set a funding goal and time limit (from 1-90 days) for their idea. If you are unsuccessful in raising your goal during the set time period, all pledges are canceled and the funds are not transferred. If you are able to estimate your projected funding, then this will not be an issue, but the race against time could deter you from your ultimate goal.

Ideal User: Pozible is developed for artists, musicians, filmmakers, journalists, designers, social change makers, entrepreneurs, inventors, event organizers, and software developers. The platform brings the creative-minded together.

Cost: There is a standard service fee of 5% as of June 6, 2012. Fees only apply to successful projects.

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