All FAQs

Basics

What is KraudMob?

KraudMob is the Crowdfunding and Marketing platform for Mobile Apps.

The Developers may publish a project related to Mobile Apps development and collect funds for it. The Developers offer rewards to the people who fund the project. These people are called Backers.

The Developer may also involve Marketers to bring Backers to the project and to promote the App when it is ready. KraudMob makes this all happen in a convenient and transparent way. 

How does KraudMob work?

KraudMob is the Crowdfunding and Marketing platform for Mobile Apps.

Each project is independently created and crafted by the Developer - a team or individual behind it. The Developers have complete control and responsibility over their projects. They take time designing their project pages, filming their promo videos, and brainstorming what rewards to offer backers. When they’re ready, Developers launch their project and share it with you.

Every Developer defines their project’s funding goal and deadline. If you like the project, you can pledge money for the Developer to build the Mobile App. If the project succeeds in reaching its funding goal, all backers’ credit cards are charged when time expires. If the project falls to gather enough funds, no one is charged. It’s all-or-nothing.

KraudMob encourages the Developers to involve Marketers in order to get more Backers and promote the Mobile App when it’s ready. The Developer shares revenue with the Marketers in return for the pledge made by a Backer or purchase made by the App user. See How to promote your Mobile App for free.

What is KraudMob Crowdfunding Platform?

KraudMob is the Crowdfunding and Marketing platform for Mobile Apps.

Each project is independently created and crafted by the Developer - a team or individual behind it. The Developers have complete control and responsibility over their projects. They take time designing their project pages, filming their promo videos, and brainstorming what rewards to offer backers. When they’re ready, Developers launch their project and share it with you.

Every Developer defines their project’s funding goal and deadline. If you like the project, you can pledge money for the Developer to build the Mobile App. If the project succeeds in reaching its funding goal, all backers’ credit cards are charged when time expires. If the project falls to gather enough funds, no one is charged. It’s all-or-nothing.

What is KraudMob Marketing Platform?

KraudMob Marketing Platform is a tool that allows Marketers promoting Developers’ Mobile Apps.  

Developers use it to track sales, manage Marketers commissions and get reports. Marketers use it to get Apps promo materials and receive payouts for the sales they made.

There are two major use cases for KraudMob Marketing Platform – to get Backer to fund the project and to get more sales when the App is released to AppStore.    

Once the Developer has created a project he or she might decide to involve Marketers in order to get more Backers. The Developer sets the commission and shares revenue with the Marketers in return for the pledge made by a Backer.

When Mobile App is released to AppAtores the Developer may wish to get Marketers to drive in users. The Developer defines the commission for the Marketers. Every time the App is sold(for paid apps) or in-app purchase happens KraudMob Marketing Platform charges commission to the Marketer(s).  

See also How to promote your Mobile App for free.

Why do people back projects?

A lot of Backers are rallying around their friends’ projects.

Some are supporting people they’ve long admired. Many are just inspired by a new idea. Others are inspired by a project’s rewards.

Backing a project is more than just giving someone money, it’s supporting their dream to create something that they want to see exist in the world.

See also Change the World Article to learn more why people might want to back a project.

Where do Backers come from?

In most cases, the majority of funding initially comes from the fans and friends of the Developer.

If they like it, they’ll spread the word to their friends on Twitter, Facebook and so on. It’s easy to share the project’s link in any social network.

The Developer might also consider using KraudMob Marketing Platform involving Marketers to get more Backers to the project. Learn more in How to promote your Mobile App for free.  

Why is funding all-or-nothing?

All-or-nothing funding is the approach of funding at KraudMob.

It has a number of advantages:

  • It’s the first proof of your idea behind the App. If you can’t involve enough people to fund the project it might be a sign that you’d have troubles getting paying customers when the App is ready.
  • It’s less risky for everyone. If you need $10000, it’s tough having $2000 and a bunch of people expecting you to complete a $10000 project.
  • It motivates. If people want to see a project come to life, they’re going to spread the word.

Can KraudMob be used to fund anything besides Mobile Apps?

KraudMob is dedicated to Mobile Apps.

We will reject any other type of projects(no films, books or music). Although KraudMob’s primary concern is funding and promoting Mobile Apps you may contact us if you wish to fund and promote any other type of software projects.  

What are the fees?

KraudMob charges the Developer 5% of the project funded amount only if the project reaches its funding goal.

If the project does not – KraudMob charges nothing. The Developer also pays Paypal transaction fees according to Paypal tariffs.

Who is responsible for completing a project as promised?

It’s the Developer’s responsibility to complete the project. KraudMob is not involved in the development of the projects themselves.

KraudMob does not guarantee projects or investigate a Developer’s ability to complete their project. On KraudMob, Backers ultimately decide the validity and worthiness of a project by whether they decide to fund it.

What should Developers do if they’re having problems completing their project?

If problems come up, Developers are expected to post an update explaining the situation.

Most Backers support projects because they want to see something happen and they’d like to be a part of it. Developers who are honest and transparent will usually find Backers to be understanding.

If the problems are severe enough that the Developer can’t fulfill their promises, creators need to find a resolution, e.g. offering refunds, detailing exactly how funds were used, and other actions to satisfy Backers.

Can KraudMob refund the money if a project is unable to fulfill?

No.

KraudMob doesn’t issue refunds as transactions are between Backers and Developers, and Developers get all funds (after fees) soon after their campaign ends. Developers may refund Backers through Paypal.