Here we will talk about raising money through crowdfunding platform.
If you want to raise money for education, health difficulties and many other categories, which you can see in the following categories.
Here we will deal with raising money for your business project, and which concerns the previous posts which we written about the motivation for your business and life and brainstorming ideas.
Because in order to be every business successful, it must meet three criteria:
- The idea
- Motivation
- And the money
From these three criteria, the most important are the first two: the idea and motivation, because in order to your business be successful you must first come up with a good idea for your product or service that you plan to place on the market. Therefore, we have dealt with in a previous article how to come up with ideas, or if you want, the roads to the ideas through brainstorming ideas or brainstorming process of creating ideas. Idea is very important because when you come up with something new and the market accepts it then you have the opportunity to continue with your process from idea to final customer and to profit. Therefore, a good idea is very important because such as saying says "in this world there are lots of more money than a good ideas," which is sad because we should devote more time to the process of creating ideas, rather than run for the money. That is, I want to say that we should dedicate more time our thought process that will result with good or even excellent idea. But let's not dwell here because the theme of this article is not a process of creating ideas, but how to come to money for your potential good idea.
Money for starting your business can be collected by this new method called crowdfunding
If you have no money to start a business, or you have an idea and do not know how to find resources for your project you can look for the crowdfunding platforms that are specialized in collecting money for your project or idea. Simply register on one of crowdfunding sites describe your project, display pictures and video clip of your project. On these sites, you collect money from donations, that, when you create a campaign, your campaign can support people who want it, from around the world, a simple donation of a few dollars or a few hundred dollars, but to get money for your campaign, your campaign must be persuasive and you must show some proof in the form of a picture or video. That potential donors can see for what you exactly need the money. And of course you have to make an effort about promoting your campaign on social networks, blogs, websites, forums, contacting by email and your potential donors that you think that might support your campaign. But do not overdo it with the mailings. Contact and other medias, such as: television, radio and newspapers. In order for your campaign, to be visible to as many donors who would like to support your campaign.
Creating a campaign on crowdfunding platforms
As is already mentioned above in the previous paragraph, select crowd funding platform that suits your needs, in order to then be able to register on it and set up your campaign. The campaign is actually as a well-written article for your site with pictures and video. In which you want to convince all CONTINGENT donors to support just your campaign. Therefore, the process of creating a campaign, it must be as good as your project or idea. You need to interest your donors. Post a picture of your project, describe, which benefits gives your project for customers and donors. Make sure to as better describe all the advantages that will have a project for final customer. And when you are done with creating your campaign publish it, and then start to promote it. On a non intrusive way.
Types and differences between crowdfunding platforms
There are various types of crowdfunding platforms, we will mention the two biggest such as: Kickstarter and Indiegogo. There is a difference between these two crowdfunding platforms and that is that on Kickstarter you can get the money that you collected from your donors only when you complete a given goal which means that if you say you need $ 1000 and your campaign is supported by $ 1,000, only then you can raise your money, also kickstarter is limited for certain countries so it would be good to look at Kickstarter which countries supports. Indiegogo is not as limited as Kickstarter and that means that it supports almost all countries of the world, and have the opportunity to raise your money if you have not reached the given amount. So you have two types of selection when creating your campaign on the crowdfunding platform to you want fixed (same as on Kickstarter you can take your money when your default sum fully funded) or flexible funding (you can raise the amount even though you have not reached the given amount) and both have their advantages and disadvantages, and that is that fixed funding when raising the money you pay a small fee, when you opt for flexible funding and wish to withdraw your money before the expiry of the campaign, which is not funded by the end you'll pay a slightly higher fee. Therefore, you have to select yourself, which crowd funding platform you prefer.
Conclusion
Raising money for your project or idea will not getting you into debt, and loans that you have after repay with interest. This is a new way of financing your business venture if you decide for starting it. Therefore you do not have to worry always about money if you want something to start because in the successful business it is always more important, ideas and motivation rather than money is less important. This source of funding is certainly better than conventional sources. So do not be discouraged if you want to start your business and have a good idea just because you do not have money, FIRST Devote your time the process of creating and finding idea when you find the right one you will get, and motivation. And the money you can collect on this new way is not as risky as conventional way of obtaining money for starting entrepreneurial venture. Good luck
