Creating a rewards based 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 (child project) and focus on their main / parent project.

2. Access to Funding: Rewards based 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. Community Engagement: TF Empires enable creators to build a community of supporters. Backers not only provide financial support but also offer feedback, encouragement, and advocacy, helping to create a loyal and engaged fan base.

4. Creative Freedom: Rewards based 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.

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

6. Pre-Sales and Pre-Orders: Rewards based 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 rewards based 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: Rewards based 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 rewards based 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 the creator’s decision whether they deem it sufficient to proceed with their project. While your funding goal can be adjusted, we advise setting it and maintaining it throughout your campaign. However, if your goal hasn’t been met by your project deadline, you have the option to contact us to adjust your funding goal to an amount less than the total pledged, which may allow you to receive the funds raised.

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.

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, in which backers may no longer withdraw their funds.

If you are ready to process your funds, please follow the steps below for a simple & smooth transaction.

• Once you have reached your funding goal, you may make a process funds request by filling out the form here.
• Once your request for processing funds has been approved, you must send an email to:
  • all of your backers
  • TF Empires (info@tfempires.com must be Cc in on the email or the funds may not be able to process. )
• The email must state that (see sample email below):
  • the backers funds will be processed in the next 4 days
  • the backers may not withdraw funds 48 hours before processing date.
• Funds will be processed 4 days (96 hours) after TF Empires receives this email.
• This gives backers a 24-hour notice that they have 24 hours left until their funds are locked in. Backers may not remove funding (48) hours before funds are processed.

Sample Email

Subject: Successful Completion of [Project Name] TF Empires Campaign

Dear Backers,

I am delighted to announce the successful completion of the TF Empires crowdfunding campaign!

Your contributions will be processed on [Date] (four days from the date of this email). Please note that all funds will be secured 48 hours prior to processing. Your support and encouragement have been invaluable in bringing this project to life. Thank you for being an integral part of our journey!

To send emails to your backers, go to your account page >> My projects >> select the button on the project to “export orders”. Once you download the file, you will have all of the necessary information to send emails and fulfill rewards.

You can process the backer’s funds by filling out the form here. This will send a process funds request to TF Empires. If TF Empires approves the request, the funds will be processed 4 business days after the date you send an email notifying your backers of the success of your project. This ensures ample time (2 days prior to funds being locked-in for 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. TF Empires (info@tfempires.com) must be Cc in on the email or the funds may not be able to process. 

There is no maximum number of days that you can run a campaign; however it is not recommended to run your campaign any longer than 180 days.

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.