There are various situations in which we hear people thank someone for the achievements they have managed to get. That is really common. What is not common is seeing someone that thanks the crowd for all the success that was achieved.
As you are reading this article, there is a pretty high possibility that you want to start a brand new business or you have a startup and you want to take it to the next level. Whenever this is the situation, funding steps in as a necessity. You end up thinking about loaning from your friends, from banks and your personal savings. These are the most popular methods used these days to fund startups. Entrepreneurs can even pitch their business plans to angel investors or venture capital firms. However, this does not always work.
Technology evolved and we are now faced with new opportunities that appeared. One of them is crowdfunding. This alternative method can help the startup to raise funds from people with the use of the internet.
Crowdfunding basically means that you prepare campaigns and then upload them on crowdfunding websites. Then, you use all the methods that you can in order to make them viral, ranging from blogging to submitting infographics. Those that find information about the project and that care about what you offer will contribute.
Obviously, crowdfunding will help your company by helping you reach your funding goals. The only real difference between this and other funding methods is the fact that you receive cash from a much larger number of people. You have options and you can choose out of different crowdfunding methods:
- Reward Based – Backers will receive rewards for the contribution. Such a reward can vary from a special thank you note to an early bird version of the product. Project owner gratitude is basically highlighted through this. You cannot put a price tag on this.
- Equity Based – In this case the backers are going to receive shares or equity in the company as a return for what they donate.
Is Crowdfunding For Your Startup?
This is a question that only you can answer but it is definitely one opportunity that you have to seriously consider. It is definitely unconventional and entrepreneur financial woes are currently lowering. You do not have to go to investors or to pitch many individuals until some will agree with your proposal. The only real thing that you have to do is to present the startup in a proper way online.
The truth is that crowdfunding guarantees that the entrepreneur is going to be able to pitch an idea to an audience that is really broad. That is something that most of the aspiring business owners will love. Unfortunately, there are various situations in which really great ideas do not end up being funded because regular investors do not actually trust ideas. Crowdfunding helps take care of all that. Some of the really successful companies were started thanks to donations that were given by people that trusted ideas. Your startup can be next.