FAQs

Creating a crowdfunding campaign offers several compelling draws for entrepreneurs and creators:

1. TF Empires empowers founders with the flexibility to customize and refine their projects: By launching your crowdfunding project on TF Empires, founders can tailor their initiatives to align with the interests of backers. For instance, founders can create child projects to gauge interest and funding. If insufficient interest is garnered, founders have the option to remove the sub-project and focus on their main / parent project.

2. Access to Funding: Crowdfunding provides access to a large pool of potential backers who are willing to support innovative ideas, products, or projects. This can be especially beneficial for individuals or startups who may have difficulty securing traditional financing.

3. Market Validation: Launching a crowdfunding campaign allows creators to gauge market demand and validate their ideas before investing significant time and resources. A successful campaign demonstrates that there is genuine interest in the product or project, providing valuable feedback and validation.

4. Community Engagement: Crowdfunding platforms enable creators to build a community of supporters who are invested in their success. Backers not only provide financial support but also offer feedback, encouragement, and advocacy, helping to create a loyal and engaged fan base.

5. Creative Freedom: Crowdfunding offers creators the freedom to pursue innovative ideas and projects that may not be feasible through traditional funding channels. This allows for greater creativity, experimentation, and risk-taking, empowering creators to bring their visions to life on their own terms.

6. Marketing and Exposure: Crowdfunding campaigns serve as powerful marketing tools, generating buzz, publicity, and media coverage for the product or project. The crowdfunding platform itself provides a platform for exposure, reaching potential backers and customers.

7. Pre-Sales and Pre-Orders: Crowdfunding allows creators to generate revenue and secure pre-orders for their products or projects before they are fully developed or launched. This can help cover initial production costs, validate demand, and mitigate financial risk.

Overall, the draw to creating a crowdfunding campaign lies in its ability to provide access to funding, validate ideas, engage with a supportive community, exercise creative freedom, and leverage marketing and exposure opportunities.

Being the founder of a crowdfunding project can involve some level of risk, but it also offers numerous opportunities for success. Here are some factors to consider:

Risks:

1. Funding Uncertainty: There’s no guarantee that your project will reach its funding goal, and if it falls short, you may not receive any funds at all.

2. Execution Challenges: Bringing a project to fruition can be complex and challenging, requiring effective planning, organization, and execution. Unexpected obstacles or setbacks may arise along the way.

3. Accountability: As the project creator, you’re accountable to your backers for delivering on your promises. Failing to fulfill rewards or meet expectations can damage your reputation and credibility.

4. Financial Responsibility: Managing funds responsibly is crucial. Mismanagement of funds or underestimating expenses can lead to financial difficulties and project failure.

Opportunities:

1. Access to Funding: Crowdfunding provides access to a large pool of potential backers who are willing to support your idea, giving you the opportunity to raise funds without traditional financing avenues.

2. Market Validation: A successful crowdfunding campaign can serve as validation of market demand for your product or idea, providing valuable feedback and insights from backers.

3. Community Building: Crowdfunding allows you to build a community of supporters who are invested in your project’s success, providing ongoing support, feedback, and advocacy.

4. Creative Freedom: Crowdfunding gives you the freedom to pursue innovative ideas and projects that may not be feasible through traditional funding sources, allowing you to bring your vision to life on your terms.

While there are risks involved in being the founder of a crowdfunding project, with careful planning, dedication, and execution, you can maximize the opportunities for success and bring your project to fruition.

Regardless of the amount of funding your project receives, it ultimately remains your decision if the funds are sufficient to bring your project to life. This ensures that if there are changes in the economy that may impact the development of your project, you have the power to adapt your plans accordingly. While your funding goal can be adjusted, we advise setting it and maintaining it throughout your campaign. Not only does TF Empires provide flexibility with your funding goal with approval, but also with the funding deadline.

No. All child projects and parent projects are independent of each other.

No. If a founder determines that a successfully funded child or grandchild project does not need the main project in order to operate, then the founder can process the funds of the child or grandchild project.

TF Empires charges a 4% referral fee.

If you have a TF Empires account then you already have a Luxauro Connect account!

• We recommend communicating with your backers through Luxauro Connect. There you can create a forum for your project and post updates, answer questions etc. 
  
  
• If you prefer you can communicate through email.

• Create a forum and name it. (You will probably want to name it the same as your project name to make it easier for your backers to find you.)
• Make the forum public so that all of your backers can easily find you. (This may also encourage other people to back your project who otherwise would not have known about it.)
• Post your updates on this forum, answer questions, etc. 
• Ensure that you put a link to your forum in your project description on TF Empires.

Once you as a Founder have received the necessary funds and the campaign time has been fulfilled, you may submit a request to us to process the funds according to our Terms of Use. If you’ve secured adequate funding for your project and wish to conclude your campaign ahead of schedule, please reach out to TF Empires. We’ll adjust your project’s end date to occur 5 business days after the date of your request for early closure. This ensures ample time (3 days prior to fund processing) to inform your backers of the early closure due to successful funding & a 48-hour period preceding fund processing, after which backers may no longer withdraw their funds.

There is not a specified maximum number of days that you can run a campaign on TF Empires, however, we most likely will not approve any campaign length beyond 90 or 120 days. We recommend that you start with a 30 or 60 day campaign and then if you wish to extend it, you may submit a request to us for review.

TF Empires allows a wide range of projects on it’s site, however there are a few exceptions which include the following:

Prohibited Projects include:

1. Gambling, lotteries, or other forms of Rewards that are not guaranteed.

2. Drugs, Nicotine, Tobacco, Vaporizers and Related Paraphernalia, and Alcohol

3. Investments and Profit Sharing

4. Financial or Credit Services

5. Offensive, Harassing, Hate Speech, and discriminatory content 

6. Pornographic and Sexually Explicit Content

7. Promotion of Violence

8. Firearms and ammunition

9. Human or Animal Remains

10. Live Animals

11. Pharmaceuticals and Medications

for more details on prohibited content please see: https://tfempires.com/tf-empires-project-guide/

For any further questions contact us here.

No, backers do not receive a share in your company when they back your project on TF Empires. 

You can cancel your campaign at anytime before the backers’ funds are processed. Processing of funds makes your commitment with the backers legally binding.