DISCLAIMER: The GETGO FUNDING INC. Crowdfunding Service and 8 TIER STEP-UP DONATION COLLECTION MATRIX was designed to enable the Project Director to collect more donations by reaching more people, but the results always vary and depend on the effort of each individual Project Director. All efforts were made to accurately represent this Network Crowdfunding Service and its potential. There is no guarantee that you will collect any money using the techniques and ideas in these materials. The examples included in these materials should not be interpreted as a promise or guarantee of donations or contributions. The donation potential depends entirely on the person using our service, the people making the donations, your ideas, your effort, your group and techniques. GETGO FUNDING INC. is only a crowdfunding service.
GETGO Crowdfunding is the only Network Crowdfunding Platform that can reach more donors to get your project done. Whether you have a high-tech project, need tuition money or want to raise funds for an emergency, we help make it possible from start to finish.
Yes. The following list contains the type of projects you cannot crowdfund through the GetGo Crowdfunding platform.
It all starts with you having a clear vision and goal to bring your project to life- this is a must.
The Project Director is the person or team heading the project.
The Direct Backer is a person that directly donates to your project.
You can extend your crowdfunding campaign for as long as you need and you’ll have access to your funds every two weeks.
The GIVEBACK REWARDS are just as it sounds; it is the Project Director’s opportunity to give something back to the Direct Backers for their monthly donation.
The GIVEBACK REWARDS are usually a one-of-a-kind gift that is given after the project is completed.
Each project is different; therefore, each GIVEBACK will be different. It’s up to the Project Direct to choose a variety of GIVEBACKS for the Direct Backers. GIVEBACKS often include gift cards, free meals, discounts, a copy of what’s being produced such as a Movie DVD, Comic Book, Music CD or something unique and closely related to the project.
How many people do you know that always talk about starting their own business or want to make a difference in the world. Remember, about two thirds of working Americans would instead start their own business than work for someone else, millions of Americans don’t own a house, millions of students are in debt and millions of people simply love to help others. The majority of the initial Direct Backers or funding will come from the family and friends that want to start their own business or simply want to help you succeed. They will help you out by spreading the word around to their friends, and so on. Also, with today’s social media outlets the word will spread quickly through blogs, Facebook, Twitter and GETGO. As a Project Director, you will have access direct marketing tools such as business card and flier templates that will lead people directly to your Project Director’s Website.
All you need is two serious Direct Backers, but we recommend you invite as many Direct Backers as you can that also want to develop their own projects. These Direct Backers will tell other people about their own project and you get a percentage from everyone up to eight tiers. You will reach more people from the few you invite.
No. The Project Director keeps 100% ownership of their project, product or the work they create. GETGO does not offer equity funding nor does it get involved in outside deals with Direct Backers and Project Directors at this moment. We are in the process of developing the equity funding part of the service.
There are no guarantees the project you contributed to will be completed. It's the Project Director’s responsibility to complete their project. GETGO does not investigate the Project Director’s background, skill or ability to complete their project. Ultimately, you decide the worthiness of the Project Director and project by becoming a Direct Backer to their project to fund your own project.
The pricing for the service is only 5% of every donated dollar, a 3% fee for payment processing and a .30₵ per transaction fee.
It actually takes very little money to become the Project Director of your own fundraising campaign. All you need to start is a small monthly donation. Monthly Donation Amounts $10, $15, $20, $30, $40, $50, $60, $70, $80, $90, $100
About two thirds of Americans want to be their own boss but simply don’t have the money to start a business. With our 8 Tier Step-Up Donation Collection Matrix, you will be able to receive lots more donations by inviting a few people to start a project. They will tell other people about their project and you receive a percentage of all the donations up to eight tiers. There are hundreds of millions of like-minded entrepreneurs willing to start a project and when you get just a few good ones, they will go out and duplicate your effort and you will see that the 8 Tier Donation Collection Matrix is the best tool for crowdfunding.
We all start with a small donation when starting a project. A Step-Up Donation is a larger donation than what you originally donated. The Step-Up Donation comes from your existing donations to create a larger donation base. The larger the donation base on your Donation Collection Matrix the more money your project receives based on a certain percentage per tier.
The Step-Up Marker is an amount of money the Matrix Software detects to safely Step-Up the donation amount given to your Project Director. When your Direct Backers reach one of the eight Step-Up Markers you’ll receive more money from them to complete your project.
We are currently distributing donations every two weeks directly to your account. Please note: as the amount of Project Directors increases, we may adapt a monthly donation distribution format.
That depends on your project. At GETGO Crowdfunding, you’ll be able to campaign for your project an entire eighteen months. You can also extend the campaign for as long as you need to complete the project.
That depends on your project. At getGO, you’ll be able to campaign your project for an entire eighteen months. You can also extend the campaign for as long as you need to complete the project.
As in all businesses there will be problems, so we created the UPDATE window on the Project Director Website. This way you can update your Direct Backers anytime you like. If a problem arises that can’t be solve immediately, you’ll be expected to post an update explaining the situation to all your Direct Backers. Make it a personal policy to be honest and transparent with your backers and you’ll find them to be understanding about the situation. Your backers want you to succeed, so sharing your ups and downs will keep them involved.
Remember, most of your Direct Backers will have a campaign of their own and will likely run across a few problems just like you. We are all working together to accomplish a personal goal- transparency and honesty are crucial to completing the project.
If the Project Director has been honest and transparent about the situation, you should be patient with him/her. Most people usually find a way to forge ahead when faced with adversity. If you have a solution idea, you can email your Project Director to help remedy the situation.
NO. Your contributions are not refundable. getGO does not issue refunds to donors. The transactions are between the backers and the Project Director. The money goes to the Project Director once per week.
We have the GETGO security team that screens email reports of suspicious activity and possible fraud to protect our crowdfunding community. If anyone goes against our rules we will take action immediately.
GetGo Funding does not provide tax advice or tax guidance. Please speak to an accountant or a local tax expert regarding the tax laws in your state to report your donations. Please be aware there is a potential tax liability when crowdfunding.
You will receive a 1099-K from GetGo Funding Inc. or our payment processor only if your campaign meets the following criteria:
What is a 1099-K form?
The law requires businesses and individuals to report money received from third party organizations on a 1099-K form. Congress passed this law in 2008 to improve the voluntary tax compliance. The 1099-K is an informational form only. It is used to summarize the activity of your account and assist you when reporting your taxes.
If you are a USA based Project Director you will first complete a W-9 tax form with your Name, Address and Tax Identification Number (TIN) or Social Security Number. After that you will receive the 1099-K form by email or mail from GetGo Funding Inc. or our payment processor. Please note that Project Directors based in the state of Massachusetts and Vermont are exempt from the 1099-K eligibility threshold. If you are based in one of these states, you will receive a 1099-K form if your project exceeds $600 in donations.
Do Non-USA based Project Directors receive a W-9?
No. Non-USA based Project Directors receive a W-8 to certify you are a foreign person receiving donations that are not connected with a trade or business in the USA. The information provided on the W-8 should be the same account information provided to GetGo Funding Inc.