Typically, an individual, business, or organization creates a campaign to convince people their project is worthy. People then decide if they want to contribute. Often, a small gift is given in return for this contribution. It is an excellent method of raising capital when you are starting a business. Here are the basics of crowdfunding.
Why do people contribute?
The most successful crowdfunding campaigns tell a story and really speak to who they target. The product or service being funded fulfills a need or solve a problem for people. Campaigns use every possible channel to reach potential contributors.
What are some popular crowdfunding platforms?
Most crowdfunding platforms are located online. Our top 5 favorite:
Crowdfunding provides a wonderful opportunity for fundraising. When executed correctly, you can raise enormous amounts of money for your business, organization, or project.
Apply to our startup pre-accelerator to get your idea ready for a crowdfunding campaign!