How To Make A Website Like GoFundMe?

Crowdfunding has become a powerful tool for individuals and organizations to raise money for various causes and projects. It has revolutionized how people can access funds by tapping into the collective power of many individuals. Crowdfunding platforms like GoFundMe have gained immense popularity, allowing individuals to create campaigns and reach out to potential donors worldwide.

A GoFundMe clone is a crowdfunding platform that replicates the core features and functionalities of the existing GoFundMe. It allows individuals to create campaigns, share their stories, and raise funds for their personal or social causes. The platform has witnessed tremendous growth since its inception, with millions of campaigns created and billions of dollars raised. GoFundMe's success can be attributed to its user-friendly interface, robust technology, and effective marketing strategies.

Hence, developing a GoFundMe clone website can provide a powerful platform for users to connect with potential donors, showcase their campaigns, and reach their fundraising goals.

Future Of Crowdfunding

The future of crowdfunding platforms is quite beneficial. To know more, read below:

• The revenue growth in crowdfunding is rising at a CAGR of 16.7% per annum.
• The financial growth is anticipated to reach $310 million by the end of 2024.
• In the future, technical enhancements like AI/ML will dominate the crowdfunding platform.

Workflow Of GoFundMe Like Website

The workflow of GoFundMe clone website is very simple:

• Users click the "Start a GoFundMe" button.
• They answer questions to help set up their fundraiser.
• Users have the option to either write a fundraising story or record a video to showcase their cause and raise funds.
• They have the option to personalize their fundraiser by providing specific details that can help potential donors better understand their cause.
• Customers have the option to enhance their explanations by including pictures and videos.
• They can explain their reason for fundraising and how the donations received will make a positive impact.
• They can now share with their friends via email, text, or by sharing on social media.
• Customers have the ability to manage donations effortlessly by accepting them, expressing gratitude to the donors, and conveniently withdrawing the funds.

Business Benefits Of A Website Like GoFundMe

Developing a GoFundMe website comes with lots of business benefits. Here are some mentioned benefits of GoFundMe clone:

Generate High Income

A GoFundMe clone can provide an additional revenue stream for your business through platform fees, transaction fees, and premium features. It lets businesses create multiple sources of income from a single business.

User Engagement

By offering a crowdfunding platform, businesses can increase user engagement and attract a community of donors and fundraisers to the platform. High user insight helps build a stronger business presence.

Social Impact

A GoFundMe clone allows businesses to support social causes and create a positive impact in the community, which can enhance your brand reputation.

Partnership Opportunities

A GoFundMe clone can open doors for potential partnerships with nonprofit organizations, businesses, and influencers, expanding your network and collaborations.

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How To Make A Website Like GoFundMe?

The development process of a GoFundMe-like website requires proper research and the creation of marketing strategies. So check the complete process:

Marketing Research

Conduct thorough market research to know what is happening and working in crowdfunding businesses. Explore some marketing stats and determine if they align with your business. This approach will help you determine the workflow, create an effective business strategy, and many more.

Competition Analysis

It is important to know your competitors. If you are planning to make a website like GoFundMe without knowing your competitors, then it won’t be able to make a high profit. That’s why going through your competitor’s offering, their top website features, pricing, and money-making model is recommended, then write a business plan.

Obtain Legal Licenses

Knowing some essential legal licenses to run the businesses and government regulation & compliance is important.

Securities And Exchange Commission (SEC)

As GoFundMe is an investment-based crowdfunding, you will likely need to register with the SEC and comply with specific regulations based on the type of offerings.

Financial Crimes Enforcement Network (FinCEN)

As a money-transmitting platform, the GoFundMe clone might need to register with FinCEN, depending on the volume and nature of transactions facilitated. It helps in preventing financial crimes and lowers phishing possibilities.

Website Development

A GoFundMe clone website requires contemporary tech stacks for its development. It also demands professional developers to make a secure, responsive, and working website.

Testing

A website like GoFundMe can’t be further processed without testing. It requires professional quality analysts and testers to apply their testing skills. Every corner of the code and website is tested to ensure its compatibility, responsiveness, and security.

Deployment

Deployment is processed when QA & testers give clearance over the quality of the website. Businesses can host their website on the chosen domain name. It requires a monthly and annual payment to sustain the site hosted on the platform.

Marketing & Promotions

Developing and deploying a GoFundMe clone website is not enough; it requires developing the right promotional strategy and creating a social media presence for the business. Business owners can use hashtags to reach their targeted audience easily.

Must-Have Features To Have In A Website Like GoFundMe

The GoFundMe clone website must acquire top features to improve its working and attract users toward it:

Easy Sign-Up/Login

This helps customers to log in and sign up for the website easily. It redirects the user to the dashboard where they can get details of their activity.

Campaign Creation

This feature helps create a fundraising campaign by asking for some information like goals, timeline, budget, donation form, etc.

Multiple Payment Gateways

Individuals who are willing to donate can use this feature to donate amounts using Amazon Pay, Google Pay, PayPal, credit/debit card, net banking, etc.

Access Media

This feature allows users to upload images, videos, and documents to enhance their campaign, increasing the chance of donations.

Social Media Integration

A GoFundMe clone website must integrate with social media platforms like Facebook, Instagram, Twitter, etc., to share campaign details.

Advance Search

A website like GoFundMe needs an advanced search that lets people find fundraisers by entering the location, title, person’s name, and any specific keyword.

Share Story

People can create a video, upload it as a story, and raise funds. It helps them explain their needs better and why they need funding.

Progress Tracking

The progress tracking feature helps users to know their progress to reach their targeted amount. It helps them build a strong community and strategy to reach their goals.

Push Notification

A GoFundMe like website must show updated notifications about everything happening on the website once allowed.

Donation Management

With this feature, fundraisers can easily accept donations, send thank-you messages to donors, and withdraw donation amounts into their accounts.

Customer Support

In case of any query or issue, fundraisers and donors can connect to the customer care executive team anytime.

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Revenue Model For A GoFundMe Clone Website

A GoFundMe clone comes with a different money-making model to provide support to its owners. Let’s know more about it:

Charge A Commission

It charges a commission of 2.9% of every donation amount. Along with this, the platform's revenue model allows it to take a commission of 30 cents for every successfully processed donation. With a GoFundMe-like website, businesses can decide their commission percentage to gain profits.

Advertisement

This model lets business owners collaborate with other organizations and companies and post their ads. It helps gain high traffic, and business owners earn money on the basis of pay-per-click, cost-per-view, pay-per-view, and more.

Bottom Line

Developing a GoFundMe clone website can be rewarding, providing a powerful platform for individuals and organizations to raise funds for their causes. By incorporating key features, ensuring a user-friendly interface, and implementing robust security measures, you can create a successful crowdfunding platform. Embrace the potential of crowdfunding, empower users, and positively impact the world.

Looking for an IT company that can make a website like GoFundMe? Your search ends here. Hyperlocal Cloud is a cutting-edge on demand app development company that adheres to the best technology and immense knowledge to provide you with a GoFundMe clone website. They hold 3+ years of experience serving 250+ clients worldwide. Their state-of-the-art mobile apps or websites help businesses reach their successful destination easily. Connect with Hyperlocal Cloud today and take the first step toward your success.