We are really excited that you want to become a backer on Vemagnet. Our platform will provide you with a quick and easy way to support your favourite projects.
There are 7 steps to explain you in details the whole procedure.
1. Why invest?
If you are thinking about contributing money to a creative project, then crowdfunding is for you. Crowdfunding is an alternative way of business financing and provides the means to transform promising ideas into sustainable businesses.
Reward-based crowdfunding is a collective effort involving a group of people (the crowd, backers) and a campaign owner to fund a specific project. In return for the backers’ contribution (pledges), the campaign owner offers rewards. While that may be the end result, crowdfunding has many more aspects to it than just this simple definition.
By simply investing in a project, you, as a backer, automatically help creative and innovative business to scale up. You get involved in the project by making suggestions, providing valuable feedback, spreading the word to the others and finally creating a social impact on our world.
Crowdfunding is unleashing human creativity, allowing anyone to realize new exciting concepts, while permitting capital to flow to the most innovative, worthy ideas.
Welcome to this innovative world.
2. Choose a campaign
The moment to explore how crowdfunding works is now. Explore the investment opportunities and choose the projects you want to back. There is a great variety of campaigns asking your contribution, but at the end of the day, you should back projects that you believe in.
You can back a project by simply following the steps below:
- Press the button “Support a Project” on our homepage to see the active campaigns on Vemagnet. You can search a campaign by sector, or country and order them by the closing date, new entry or saved projects. By clicking “Clear filters” you can view all the campaigns
- or you can have access to the campaigns by choosing “Invest Now” from your Profile Page.
On the campaign home page, you will find valuable information about the project and the company as a whole, like the business description, innovative project characteristics, competitive strategy and the team behind the campaign. You will see a video (called Pitch) as well as an elevator pitch which will give you an overview of the project and the fundraising target.
Once you decide to support a campaign, click on the button “Invest” on the campaign homepage or choose directly a reward from the list on the right side of the page.
If you feel unsure and you need further information, you can always contact the company by leaving a comment on the campaign home page.
Take the chance to explore our campaigns and be part of the crowdfunding community.
3. Choose a reward
By choosing a campaign you are interested in, you will see a variety of rewards being offered. Which one to choose? That depends on your interest and how much money you are willing to offer to the campaign.
The rewards are sorted by price, which means the least expensive is the first one. Rewards can include a product, a service, and a combination of diverse products or even a chance to meet the team. What a reward includes, it depends on the creativity and taste of every campaigner.
To choose the reward you like, simply select the reward and see all the details provided as well as a brief description. Every reward includes information about the countries where this reward is delivered, the shipping cost (if any applied) and the expected delivery date.
You need to add your shipping details, choose how many items you want to have and if you are willing to pledge “anonymously” by hiding your personal data from the public.
By entering your shipping address, a detailed analysis of the reward’s price plus the shipping cost (if any applied) is provided on your screen. The shipping costs will be automatically added to the cost of your pledge.
We do not charge you anything. Only if the campaign is successfully completed, your card will be charged.
We use Stripe to process our payments on Vemagnet. You don’t need a Stripe account to support a campaign, you just need a debit or credit card. You just need to enter the following details in order to complete your pledge:
Enter your payment card details (card number, CVV number, and expiry date). Payments can be made by Visa, Mastercard, and American Express.
Vemagnet does not store any data of your debit or credit card on its servers. This is for safety reasons since we desire to provide you with a safe environment for your transactions. Our payments partner, Stripe, meets and exceeds the most stringent industry standards for security. You can learn more about the technical details of Stripe’s secure infrastructure here.
5. Preview your investments
When your pledge is successfully completed, you can preview your investment by choosing “My Investments” from your scroll down menu on your Account.
This displays the name of the campaign, the reward you selected and the total cost of your pledge. You can always cancel your investment any time before the campaign is closed by simply clicking the “x” button on your right of every reward.
After investing in a campaign your name will also appear on the “Backers” list on the campaign home page. In case you have backed a campaign anonymously, only your country and your pledge amount will appear.
It should be noted that regardless of which option you choose above, the campaign owner will still receive all of your details in order to fulfil the campaign commitments.
6. Share the excitement
You have successfully backed a project! Why not spread the word and share your excitement with other people? Spreading the word is vital for encouraging other people to back the same campaign as well. Using the social media bar on the left of every campaign page makes it easy to spread the word.
You can share the campaign on the social media only by clicking on the icon you want (Facebook, LinkedIn, Twitter, Google+), or you can easily invite your friends by sending the link of the campaign.
7. Life after investing
If you’ve never backed a campaign before, you might think when you pledge your money, it’s like ordering online from a store. You pay for a certain reward and the item is shipped to you. This is not the case with crowdfunding.What you’re doing is putting money in to help a company produce a product.
Every campaign provides estimated delivery dates for the rewards. You have to consider this timeline and be aware of any possible delays that can happen. Companies work hard to meet these dates, but there always circumstances that are out of their control. In case you have chosen a reward and the campaign owner needs further information (what size, colour, etc you prefer), they will contact you by sending you an e-mail asking for details.
Crowdfunding expresses, beyond everything else, your support for an innovative project. You have the option of showing your support by leaving a comment, giving feedback or just sending a wishing good luck message on the campaign home page.
Also, we are very interested to hear your opinion about the whole procedure and receive a feedback from you concerning your experience on Vemagnet crowdfunding platform.