New to Wadiz Crowdfunding? Essential Things to Know Before You Start
Last Updated: May 15, 2026
What this article covers
- What crowdfunding is and what types exist
- Who can fund what products on Wadiz
- What procedures and timeline projects follow until opening
- How Wadiz fee structures (commissions) work
- Things to prepare before starting funding
1. What is crowdfunding?
Crowdfunding is a method of raising funds from the public (Crowd) through funding (Funding). Depending on the form of compensation, it's divided into 4 types: reward (sponsorship) type, donation type, lending type, and securities type.
Wadiz is a reward (sponsorship) type platform, where makers first publicly unveil products or services, and supporters place pre-orders (funding).
The biggest difference from general e-commerce is the "pre-order then production" structure. Rather than producing in large quantities first, you can confirm actual demand before production, which lowers inventory burden and allows you to validate market response in advance.
| Crowdfunding Types | Core Features | Wadiz Applicability |
|---|---|---|
| Reward (Sponsorship) Type | Receive products/services after pre-order | ✅ |
| Donation Type | Pure sponsorship, no rewards | - |
| Lending Type | Principal + interest income | - |
| Securities Type | Equity/dividend income | - |
▶ How is crowdfunding different from shopping?
▶ Essential Wadiz 'Crowdfunding Terminology' Collection
2. Can I fund even without a completed product?
Yes, you can. You can start Wadiz funding with just an idea and prototype stage. Crowdfunding is not about purchasing a finished product but about 'collectively creating a product together.'
| Preparation Stage | Funding Availability | Available Channels |
|---|---|---|
| Idea Stage | ✅ Possible | Wadiz Funding |
| Prototype Stage | ✅ Possible | Wadiz Funding |
| Finished Product Stock Available | ✅ Possible | Wadiz Pre-order·Store |
However, to build trust with supporters, at least the stage of proving feasibility is necessary. Even without a physical product, genuine story and production plan can attract supporter participation.
3. Wadiz Funding Eligibility Conditions
"Can I do it too?" — This is one of the most frequently asked questions.
You don't need a business registration. Even individuals can run projects. However, if revenue is generated after successful funding, business registration may become necessary, so we recommend checking in advance.
Already selling products is also possible. You can proceed with Wadiz funding even if you have a sales history on your own mall or other commerce platforms.
You can also run multiple projects simultaneously.
| Situation | Possible |
|---|---|
| Individual without business registration | ✅ Possible |
| Product with existing sales history | ✅ Possible (with conditions) |
| Products distributed simultaneously domestically and internationally | ✅ Possible (with conditions) |
| Running multiple projects simultaneously | ✅ Possible |
| Operating pre-order and store simultaneously | ✅ Possible (with conditions) |
▶ 👧Can I do Wadiz without being a business owner?
▶ Can I run a project even if I have sales history?
▶ Can I run multiple projects simultaneously?
▶ Can I run a project while simultaneously distributing domestically and internationally?
▶ 📦Can existing selling products be funded?
▶ Which project type is right for me? Find out with the Funding VS Pre-order Type Test!
▶ Pre-order Implementation Conditions and Reward Design
4. When should I start funding?
Not when "an idea is born," but when "preparations are complete" is the most stable approach.
These are 4 key decision criteria for successful launch.
- When reward design is completed — Reward composition, target amount, and shipping schedule are organized
- When production feasibility is verified — Functional prototype, secured production system
- When story structure is finalized — When you can persuade why this product is needed
- When promotional channels are prepared — Plan to secure initial fanbase ready to respond after opening
Especially on Wadiz, the first 3 days after opening determine 60% of total sales. Preparation phase directly determines the success or failure of funding.
5. How long should I set the funding period?
The most ideal duration recommended by Wadiz is around 20 days.
| Situation | Recommended Period | Core Strategy |
|---|---|---|
| Cases with existing fanbase | 10~15 days | Short, intensive promotion |
| General funding (recommended) | 15~20 days | Time to build testers and pledges |
| High-involvement, high-priced rewards | 20~25 days | Time needed for supporter information review |
Rather than just setting a duration, integrated schedule management that includes the pre-opening stage (approximately 10 days) and reward production/shipping schedule is necessary.
▶ How much time is needed to prepare the project?
▶ Is it possible to run a project in less than 7 days?
6. Procedures and Timeline Until Project Opens
One of the most frequently asked questions by makers starting Wadiz for the first time is "How long does it take to open?"
Typically a minimum of 4~8 weeks is required from document preparation to opening. This can vary depending on product category and document preparation speed.
| Stage | Progress Details |
|---|---|
| 1 | Maker Center Registration·Agreement |
| 2 | Project Opening (Story Writing + Document Upload) |
| 3 | Pre-Opening Public Release (Notification Signup Recruitment, approx. 10 days recommended) |
| 4 | Main Funding Opening |
Good things to know when setting schedules
- Project publication date can be pre-scheduled
- Funding period must be at least 7 days
- There are restrictions on designating end date as weekend
- Distribution to other channels after funding ends is possible after a certain period
- Main funding start day is advantageous on Monday~Wednesday
▶ [ At a glance: Project Progress Procedures and Timeline ]
▶ How do I set the project schedule?
▶ Can't I designate the project end date as weekend?
▶ How do I set the project publication date?
7. Wadiz Fee Structure (Commission) Information
Wadiz settles commissions when a project succeeds. Fee structure varies depending on project type and conditions, and must be confirmed before signing an agreement.
▶ Wadiz fee structure, we've gathered frequently asked questions
8. Pre-funding Preparation Checklist
Check your preparation status based on the above content.
Concept·Eligibility
- [ ] I understand the difference between crowdfunding and general e-commerce
- [ ] I've selected a Wadiz service type that suits my product/situation (Funding/Pre-order/Store)
- [ ] I've confirmed business registration status
Product·Reward
- [ ] I've verified the feasibility of my prototype or idea
- [ ] I've designed reward composition and target amount
- [ ] I've set expected shipping schedule by working backwards
Schedule·Promotion
- [ ] I've designed overall schedule including pre-opening period
- [ ] I have a plan to secure initial fanbase ready to respond right after opening
- [ ] I've completed agreement signing
Frequently Asked Questions (FAQ)
Q. How is Wadiz funding different from pre-order?
Funding is a method where payment proceeds based on whether the target amount is achieved, while pre-order is a method where orders are confirmed regardless of the target amount. Choose based on your product's completion level and inventory availability.
👉 How is pre-order different from shopping?
Q. Can I sell on other shopping malls while funding is ongoing?
Sales on other channels during Wadiz funding period may be restricted. Please check in advance when distribution becomes available after funding ends.
👉 When can I sell on other channels after the project ends?
Q. Is it over once funding ends?
No. Successfully funded products can be listed on the Wadiz Store for continuous sales. Since you already have validated fanbase through funding, you can secure sales much faster.
Can't find the information you're looking for? Please contact Wadiz Customer Center.
|
Moving to the Next Step
Once you understand the basic concepts of Wadiz funding, move to the next step.
| Stage | Topic | Go to Link |
|---|---|---|
| Step 2 | How do I design target amount and rewards? | Link |
| Step 3 | What documents are needed to pass review? | Link |
| Step 4 | How do I write a story that persuades supporters? | Link |