Boostbloom
FAQ

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Boostbloom Basics

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How It Works

What is Boostbloom?

Boostbloom is a new way to fund creative projects in Armenia. We believe that a cracking idea can spread fast and wide if communicated well and that a large group of people can be a tremendous source of encouragement.

Boostbloom is powered by an all-or-nothing funding model where projects must be fully-funded or no money exchanges hands.

Who can fund their project on Boostbloom?

We tried to cover all categories of ideas. Whether you're a musician, a sculptor, a designer, a charity worker, a writer, Boostbloom is made for you. Please check categories to see where your project fits. The only requirements are that the project is related to Armenia or Armenians, to be over 18 years old and to have a PayPal Account for backers. Backers and creators can be from anywhere in the world.

All-or-nothing funding?

Every Boostbloom project must be fully funded before its time expires or no money exchanges hands. Why? First of all, it's less risky for everyone. If you need $5,000, it's tough having $2,000 and a bunch of people expecting you to complete a $5,000 project. Also, because it allows people to test concepts (or conditionally sell stuff) without risk. If you don't receive the support you want, you're not compelled to follow through. This is huge! And one last thing, it motivates! If people want to see a project come to life, they're going to spread the word around.

Why do people support projects?

REWARDS! Project creators inspire people to open their wallets by offering smart, fun, and tangible rewards (products, benefits, and experiences).

STORIES! Boostbloom projects are efforts made by real people to do something they love, something fun, or something of note. These stories unfold through blog posts, pics, and videos as people bring their ideas to life. Peek around  Boostbloom and find out for yourself. Stories abound.

Does Boostbloom take some percentage of ownership or intellectual property?

Absolutely not. Project creators keep 100% ownership of their work.

Ok, but what exactly is a project?

-A project is not a vague idea. A project is something with a clear beginning and ending, with definable expectations to meet. “I have always wanted to go to the moon” is not a project. Having a dream is certainly great, but backers need more. Talking about your idea to friends or family is a good way of making sure you’re ready. Can you answer their questions? If not, remember that friends are more forgiving than strangers. Therefore, if you fail to convince your family or friends, it may be too soon to ask backers for their support. -Special word on projects created to support charity. On Boostbloom you do not solicit donations, you ask for backers to support your project. Because we treat charity like any other projects, rewards are imperative in this field as well. You can think of any kind of rewards: still, keep in mind that like for other projects, rewards need to be personal and a motivation for backers (think of the products your charity will build thanks to backers’ money, or if your charity involves kids, maybe a picture dedicated by them with a special word to backers?). You know best.

What are the fees?

When a project is successfully funded, Boostbloom applies a 10% fee to the funds collected by the project. In Armenia, pledges are processed by PayPal payment system which itself applies a 2.4% fee + a fixed commission, included in Boostbloom’s 10% commission. Boostbloom is entirely free for backers.

How can I contact Boostbloom?

There's a "Contact us" button at the bottom of this page, in the website’s footer. You can also find us on Twitter and on Facebook.

How can I log in using my Facebook account?

You can sign in with Facebook using the Facebook login button on the login page.

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Starting a Project

How do I start a project?

Click the green “Start Your Project” button on home page. You will then be directed through the process of building your project. All projects must meet Boostbloom’s Project Guidelines.

 

Does Boostbloom screen projects before they launch?

Only a quick guidelines review to make sure they meet our Project Guidelines. Our review process is not an exact science, so we keep an eye out for objectionable content after launch as well, and we ask our community to do the same.

Does Boostbloom investigate what a project says it’s going to do?

Boostbloom does not investigate a project’s claims. The claims and responsibilities of every project are its creator’s. The community ultimately decides the validity and worthiness of a project by whether they decide to fund it or not.

How does the project review process work?

When someone has finished building their project they submit it to BoostBloom for a guidelines review to ensure that it does not violate the Project Guidelines. A project is either approved or declined, and in some cases we'll reach out with a question asking for clarification. In every case, we send an email notification to the creator. The creator has the ability to appeal a decline if he or she wishes to.

What percentage of submitted projects are accepted?

Approximately 75% of submitted projects are accepted. The remaining 25% of projects are declined because they do not meet the Project Guidelines. For more, see the Project Submissions FAQ section.

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Account Settings

How can I change my profile name?

Make sure you’re logged in to BoostBloom and go to your profile page.

How do I unsubscribe from or adjust which emails I receive?

Make sure you’re logged in to BoostBloom and go to your notifications page.

I forgot my password, how do I log in?

You can request a password reset at the bottom of the login page.

How do I disconnect my Facebook account?

Log in to BoostBloom through Facebook, then go to your account settings to disconnect from Facebook and set a password on your account page.

How do I delete my account?

Your account can be deleted from your account page. Warning: this is not reversible!

Where projects come from

From Armenians! Boostbloom supports a variety of activities: book writing, independent films, music, civic projects, inventions... Learn more