What is Crowdfunding?
Do you have a dream or stuck on a project and you do not know whom to turn to? You do not have to know these people who are kind enough to help you with funds as these websites can be viewed internationally by just a click of a button, thus anyone who wants to help you raise the funds is free to do so. Whichever the reason is for crowdfunding, it is always worth the help. The websites act as a form of fundraising arena but touch people from across borders.
This is money that gets to the website account automatically, in any way if it were not for the creative minds of the account owners you probably would not get these funds on your own. GoFundMe crowdfunding site has seen individuals and business owners meet their funds target in due time as it is widely known as it is user-friendly and easily syncs with social media.Again, if you have a project that is creative enough, KickStarter will come in handy.
Indiegogo helps you raise funds for your personal project and for that reason it is mostly used by; musicians, entrepreneurs or artists. That new business venture you have been postponing, postpone no more, as you now have a friendly website to cater for your needs. It all depends on an individual or organization on the kind of website to pick. Then get started, just log in and get the funds then kick of your project.
The person who needs the funds has to find out the fee charged, security in terms of whether that website has followed the right legal requirements on online funding thus making even the investors feel secure to give out their money to that website and specifically know why they need the fund, if it is for a project, entrepreneurship or creative project, that way they are able to pick the right site to work with. It is important to do your research well even if it entails one-on-one question and answer forum with the website provider.
You do not want to spend the whole day trying to give away your money to someone who has given you very few options, so seek to find out the modes of money transfers, and keep in mind the kind of project you needed funded and your financial budget targets.You do not want to start off and fail, we all want when we start doing something to succeed.How user friendly is the website? Better still, no one wants to come up with a very creative project, put a lot of effort to get funds to kick it off, only to realize they were dealing with a fake crowdfund site. Seek advice whenever you have doubts and you will be able to put your funds to work. Use the funds gotten from well-wishers to build your dream project, don’t just get the funds and divert it to any other project other than the stated on, keep in mind, this is money that people have trusted you with.
Advanced reading: try this site