6 Crowdfunding & Fundraising Ideas for the New Entrepreneur
Inventors wishing to self-manufacture and market their new products often find themselves in the position of needing an influx of cash to help fund their ventures. For these new entrepreneurs, funding a project used to mean soliciting friends, family, or local businesses, hat in hand, presenting your idea and hoping for a handout. With the growth of crowdfunding—current numbers estimate an industry growth rate of more than 92% in 2014–there are new ways to bankroll their projects. Are you unfamiliar with fundraising ideas such as this one? Then read on to learn more.
What is Crowdfunding?
Crowdfunding is a popular worldwide social media and marketing strategy now used by entrepreneurs and small businesses. It allows motivated people with ideas to raise financing from Internet sources willing to donate towards the idea. What do they get in exchange?: A piece of the action through equity investment. Crowdfunding investors are putting down money in the hopes of getting something back in return for their investment.
Read All 6 Crowdfunding Tips Here »