Crowdfunding is a wonderful tool that aspiring business persons and entrepreneurs can use to seek the funding they need. Crowdfunding is exactly what it sounds like it is. It is the act of obtaining funds from a crowd of people who are willing to invest in other people who want to start projects. Crowd funding is different from peer-to-peer funding because it involves a large number of small investments instead of the bulk of the investments coming from only a few investors.
Crowdfunding started in about 1997. The first people recorded as posting a project and receiving many small donations for it is a musical band in England. Crowdfunding continued to grow until it became a huge success in 2009. Many sites help other people to get the funds they need for their project. Three of the most popular sites for crowd funding are Kickstarter, Gofundme and Indiegogo. The following is some information on getting started with a project on the sites.
Raising Money on Kickstarter
Raising money on Kickstarter is a great option. Kickstarter is a huge crowdfunding medium that has more than 14 million members who have funded projects. To get started, an entrepreneur would have to visit the Kickstarter site and then sign up for help with a project. The project categories are separated into categories such as technology, journalism, photography, dance, crafts, comics, foods and the like. The site services people who live in various countries, as well. The process begins after the person selects a project name and some other information. Interested investors then pledge their investments to the person.
Raising Money on Gofundme
Raising Money on Gofundme is beneficial, too. Gofundme has a slightly different interface and process for requesting help than the other sites have. People who need help must request it by first clicking the “start a campaign” button, selecting an area, and then selecting a category for the project. Current categories include sports, memorials, education, business, medical relief and the like. Campaigns can run as long as the person wants them to run, which is good for people who do not have to worry about extensions. The process is extremely safe and secure as the site uses advanced encryption technology for its clients.
Raising Money on Indiegogo
Raising Money on Indiegogo is another option that some may choose. Indiegogo is a fashionable website that offers crowd funding through campaigns. Indiegogo is more for art and creative works projects than the other two sites are. The other two sites offer a broader range of categories, but Indiegogo still does not lack in effectiveness. Indiegogo also offers free campaigns for special projects like faith-based projects. It works the same way that the other sites work, however. The interested person just has to sign up, tell the story, and ask for help. Many people have had success with their projects.
Each of the funding sites has its unique quality that it offers to the masses. If you are aspiring to make a dream come true, stop by one of the crowd sourcing sites and make it happen. Don’t stop believing that you can succeed. First Wave PR has been helping companies hit their fund goals, for a long time- check out our First Wave PR Reviews.