WHAT IS CROWDFUNDING:
Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding
The inputs of the individuals in the crowd trigger the crowdfunding process and influence the ultimate value of the offerings or outcomes of the process. Each individual acts as an agent of the offering, selecting and promoting the projects in which they believe. They sometimes play a donor role oriented towards providing help on social projects.
POTENTIALS OF CROWDFUNDING
Crowdfunding websites helped companies and individuals worldwide raise US$89 million from members of the public in 2010, $1.47 billion in 2011, and $2.66 billion in 2012 — $1.6 billion of the 2012 amount was raised in North America.[54]
Crowdfunding is expected to reach US$1 trillion in 2025.[55] A May 2014 report, released by the United Kingdom-based The Crowdfunding Centre and titled "The State of the Crowdfunding Nation", presented data showing that during March 2014, more than US$60,000 were raised on an hourly basis via global crowdfunding initiatives. Also during this period, 442 crowdfunding campaigns were launched globally on a daily basis
WHY AND WHO IS CROWDFUNDING IDEAL FOR
Perhaps the biggest advantage crowdfunding has is the speed at which an enterprise can be funded. A crowdfunding campaign can raise substantial sums of money in just a couple months. As a result, many entrepreneurs are turning to crowdfunding platforms for their initial round of “seed money.”
Another lesser-known benefits of crowdfunding is that women and people of color, who tend to not have the networks to pitch venture capitalists, currently receive just one out of every $25 doled out by equity investors. These entrepreneurs now have a more attractive funding option for their projects and may be able to avoid having to wage an uphill battle for loan interest money.
HOW TO BENEFIT FROM CROWDFUNDING OR SETUP A CROWDFUNDING PROJECT.
Having a project or great idea is good but most ideas and dreams don’t see day light not because of lack of planning, strategic thinking nor lack of manpower and leadership but lack of funding.
Lack of fund should cease to be an excuse for not bringing your business, dreams and ideas to reality.
With less an a $100, you can access an all done for you Crowdfunding App from one of the most reputable company in the world, and raise funds worth thousands of dollars, what are you waiting for? Click on the download button below to access yours for as low as $79.99
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