Month: June 2016

Crowdfunding startups

Crowdfunding Startups – Funding the Entrepreneurs

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Crowdfunding startups is a very potential way to attract people to support your startup idea or venture by providing monetary contributions for financing the startup. Crowdfunding startups can be best publicized through the medium of online social media sites like Facebook, LinkedIn, etc. and crowdfunding sites like Kickstarter, Indiegogo, etc. It provides a very good alternative to the hassle of taking loans from banks and convincing the investors.

Is crowdfunding startups beneficial?

Crowdfunding startups can be a better alternative to having your project financed and sponsored than trying to get a loan from a bank etc. Also, crowd funding startups is a new and innovative way to gain the monetary supports from a large number of people online for people who don’t have any big investors or financial backing.

Though crowdfunding startups might be a better alternative for getting funds for your startup and it might seem easier, it is not that easy. Crowdfunding startups can be very time-consuming and needs utmost care in its planning. It is very essential to plan your crowd funding startups project to make it a successful one. You should be determined about the goal you want to achieve from your crowdfunding startups project and also the time duration required to achieve the goal. It is also advised to select a proper platform for your

It is also advised to select a proper platform for your crowd funding startups to work as the platform will decide the number of people or potential contributors you can attract with your crowdfunding startups project. There is also one more thing which you should take care of prior to starting your crowd funding startups project and that is, to know thoroughly about your network of family, friends, colleagues, etc. who can act as your guaranteed contributors.

While showcasing your startup idea or venture it is very essential to show it the form which is understandable as well as creates an interest among your potential contributors. Contributors only like to invest in the ideas they think are interesting as well as possess the one which shows the passion of the person behind the idea. For your crowdfunding startups project, it is very helpful if you are able to showcase your passion through the ideas.Crowdfunding startups require a lot of time and effort and it is necessary to have the determination and patience to provide the time required for making it a success. The last important thing to pay attention to while your

Crowdfunding startups require a lot of time and effort and it is necessary to have the determination and patience to provide the time required for making it a success. The last important thing to pay attention to while your crowd funding startups project is that it is well advertised. It is important to publicize your idea on different social media sites like Facebook, Twitter, etc.

Crowdfunding startups has a great number of positive points. It helps create a fan base as well as customers out of the individuals who contributed towards your startup. It also helps to get a feedback from a large number of people about your startup idea or venture. Also, crowdfunding startups possess less risk than other ways of funding and can be fast and effective if done properly. It also has some drawbacks like it is very time-consuming and also can expose your idea to the danger of plagiarism.

Crowdfunding a business

Crowdfunding a Business

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Crowdfunding a business involves a way to sponsor your project or business idea by convincing a large number of people to support your idea by giving monetary contribution depending on their suitability. Funds for crowdfunding a business can be asked through various ways, the most popular being through social media sites like Facebook, LinkedIn, etc.

Is crowdfunding a business a good idea?

Crowdfunding a business can prove to be a good alternative for small companies and start-ups who don’t have big investors or any financial backing. It also helps them to avoid the obstacles of taking a loan from banks or convincing the investors. Crowdfunding a business gives an opportunity to an individual to work on their idea or venture with the help of monetary supports from the contributions made by family, friends, colleagues, acquaintances, etc.As the need for

As the need for new methods to gain financial support and funds is increasing day by day, crowdfunding a business does have an edge over other traditional ways. Though crowdfunding a business may seem like an easy way over the other traditional methods, but the success of crowdfunding a business also depends on upon the constant effort we put in towards reaching the goal.

Crowdfunding a business requires a lot of work and a thorough planning of your idea. There will be some problems and challenges which we need to overcome while crowdfunding a business, but if we plan in a careful and proper way, we can overcome these problems in no time.

Before starting your crowdfunding a business idea, it is very essential to first come up with a concrete plan regarding your goals. Also, it is very necessary for crowd funding a business that your idea is simple as well as at the same time intriguing and interesting enough to attract the potential contributors. It is important to let the contributors see what they are investing in and what purpose the crowdfunding a business will serve.  It is also important that you put in work to maintain the uniqueness of your idea and make it attractive by adding short videos, catchy lines, etc. which catch the attention of the contributors and make them give a thought about your crowdfunding a business project.

Before starting your crowd funding a business project, it is also very essential to know who your guaranteed contributors will be. It is important to determine in your wide network of family, friends, colleagues, etc. the people who will be a sure shot contributors in your business venture. One of the most important factors which differentiate the successful stories from the failures is the time spent on the project. It is essential for crowd funding a business that there is a focus and determination during the time required to reach your goal. Even if it requires your full attention and time, try to endeavor it as its benefit can be very good.

There is also one more aspect which needs to be taken care of so that all your efforts doesn’t go in vain. It is publicizing your idea or business ventures on different social media sites to attract as many people as possible.

crowdfunding a restaurant

Crowdfunding a Restaurant

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Crowdfunding means a way to gather funds from the people who are willing to contribute to your idea or venture. Crowdfunding is often done through the online social media websites like Facebook, LinkedIn, etc. through which a person can reach a wider audience quickly. Crowdfunding can be used to fund various projects like crowdfunding a political campaign, crowdfunding a real state, crowdfunding a restaurant, etc. to name a few.

Is Crowdfunding a restaurant beneficial?

For people who aspire to be owners of a restaurant or café, crowdfunding a restaurant can be a new possibility. For people with no huge financial backings or investors, crowdfunding a restaurant of their choice can be a good alternative. Sites like Indiegogo, Kickstarter or Foodstart makes it possible for people with some new restaurant idea to gain the financial support they need for their restaurant.

For crowdfunding a restaurant, the money can be collected by the contributors who think that your idea is worth contributing in. Though not all the cases of crowdfunding a restaurant has been successful, but still crowdfunding a restaurant seems like a good alternative which can save us from the obstacles we face while taking a loan from a bank or looking for an investor for the restaurant. Crowdfunding a restaurant has also become easy and hassle free owing to the crowdfunding sites like Kickstarter, Indiegogo, etc.

There are few things we must remember before trying to work on your crowdfunding a restaurant plan. The first thing is that you should be clear about the goals you want to set for your project and then plan it according to the time period you have decided for it. It is also essential to know your network of friends, family, colleagues, etc. It is necessary to choose right goals for crowd funding a restaurant because sites like Kickstarter doesn’t give you a single penny if you do not reach your goal within the time period you chose.

So, it becomes important to choose a reasonable goal and time period and it is also wise to know your reliable supporters. Another important thing is you have to work daily for crowdfunding a restaurant plan. You can plan a good way to promote your idea until the time period to reach your goals. This will create an interest among the supporters regarding your project.It is also important to select the right platform for crowd funding a restaurant and have the knowledge of all your supportive acquaintances. There is not a 100% guarantee that crowd funding a restaurant will surely work, so it is also advisable to have a backup plan to fund your project in case crowdfunding a restaurant fails.

There are many advantages of crowd funding a restaurant like you can get a feedback from the supporters regarding your restaurant venture and also create the potential customers for your restaurant. A successful crowd funding a restaurant plan we all be beneficial for attracting investors.

Crowdfunding a restaurant also has some shortcomings like it is difficult to balance your time between the campaign for crowdfunding and your business. Crowdfunding a restaurant on several sites also makes it susceptible to the danger of plagiarism of your idea.

crowdfunding and crowdsourcing

Crowdfunding and Crowdsourcing

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We have often come across the term crowdfunding and crowdsourcing and we have almost thought them synonymous to each other. Many people consider crowdfunding and crowdsourcing as the same thing and thinks that their meaning is the same, but it is not so. Both crowdfunding and crowdsourcing involve gathering a large number of people who can act as contributors and employs mostly the online medium to communicate with people. Though crowdfunding and crowdsourcing might sound similar, they have very different meanings.

What is the difference between crowdfunding and crowdsourcing?

Crowdsourcing is defined as the way through which a person can gain support in the form of new ideas, content or by a taking work from people who are willing to contribute in a project or venture. It has various types which include crowdfunding, creative crowdsourcing, microwork, wisdom of the crowd and inducement prize contests.

Creative crowdsourcing means a process to get innovative ideas for business ventures or projects. It is often used for projects like content writing, fashion designing, etc.

Microwork or micro-tasking refers to a process in which a big task is broken down into several small ones and then people are involved in the completion of these small tasks.

Wisdom of crowd refers to a process in which the suggestions or opinions of a vast number of people are taken about a particular topic. This makes it easier to decide about an issue.

Inducement prize contests involves competitions or challenges in which people are given cash or prizes as awards for completing a task or challenge.

Crowdfunding is one of the classification of crowdsourcing and it the one which is most sought after. It is defined as way in which a large number of people are gathered to act as contributors who can help sponsor a new project or venture. Crowdfunding are of many types which include equity based crowdfunding, donation based crowdfunding, debt based crowdfunding and reward based crowdfunding.

The medium to reach as many people as possible in both crowdfunding and crowdsourcing is often through internet websites or social media. Sites like Facebook, LinkedIn, etc. are often used to garner attention of a vast crowd in case of both crowdfunding and crowdsourcing.

Crowdfunding and crowdsourcing are kind of two sides of a coin. Crowdfunding a kind of crowdsourcing and that too a popular one. There are many examples which can help us distinguish between crowdfunding and crowdsourcing. Let’s see some simple examples which can help us to differentiate between crowdfunding and crowdsourcing.

Wikipedia uses people’s contribution to gather all the information it has, hence it is one of the classic example of crowdsourcing. On the other hand sites like Kickstarter, etc. is the classic example of a crowdfunding platform as it gathers people to contribute to a project or business venture.

It is natural to get confused between crowdfunding and crowdsourcing, but we need to remember that though both crowd funding and crowdsourcing has several similarities, but they are used to serve different purpose. Crowdfunding and crowdsourcing have many benefits which include its effectiveness and speed when used properly. Another benefit of crowdfunding and crowdsourcing is that it can act as a platform to gain feedback or opinions of large number of people about a project. There are also certain disadvantages of crowd funding and crowdsourcing. One of the major drawback of crowd funding and crowdsourcing is that it exposes our project or venture to the danger of plagiarism.

crowdfunding definition

Breaking-up the Crowdfunding Definition

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According to the crowdfunding definition, it is a new way to sponsor a project or a new business idea in which a large crowd of people are convinced to willingly give funds for the project. The crowdfunding definition also says that the amount to be given by different individuals is not fixed and it can vary from a small amount to a very big amount depending on the individual’s suitability.

What crowdfunding definition is trying to convey?

What it is actually trying to convey is that instead of trying to fund our projects or ideas by asking for loans from banks or asking investors for money, it is a new and better alternative to get sponsored. The crowdfunding definition also states that the people contributing to the project can be anyone and this method also utilizes the big network of acquaintances, family, and friends.

From what can be concluded from the crowdfunding definition is that the easiest way to get a vast number of people to contribute is through social media. Though many people don’t have the knowledge of crowdfunding, but once the crowdfunding definition is explained to them, it can become a good way to raise money for the projects. Sites like Facebook, LinkedIn, etc. can be used to get access to all the potential contributors and explain them the crowdfunding definition.

Once the crowdfunding definition is explained to people, it becomes easier to convince them in funding the project. The crowdfunding definition can also be explained to the contributors through emails by getting subscriptions, by organizing events, etc. but the best method out of these to advertise the crowd funding definition is by using the social media.

One of the important features of the crowdfunding definition is that the people can give their money in exchange for non-monetary gains or as a future investment also based on their choice. The crowd funding definition has three key players.

  • First is the person who came up with the idea of the project and is asking for funds from the contributor to fund it.
  • Second, it those contributors who agree to sponsor the project by contributing as much as they could.
  • The third is the connecting platform which becomes an interface between them.

Though the crowdfunding definition is very much similar to crowdsourcing, they are quite different. By crowd funding definition,it means taking monetary gains from a number of contributors, but crowdsourcing means getting tasks or work done by asking help from a large number of people.

The crowdfunding definition also states that if someone is contributing to a project, it doesn’t mean that he will necessarily gain something from it after the project is a success.

Crowdfunding has many benefits which include providing a feedback about your project from the contributors, it can also prove to be fast and effective if it is done properly and there is a very little risk compared to other forms of funding. Crowdfunding also has some disadvantages like it can expose your idea to plagiarism and if the platform is not chosen properly, it may even restrict the amount of funds we gain.

How do I Crowdfund

How do I Crowdfund

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Crowdfunding is an online platform where people raise small amounts of money from a wider audience for a cause. Cause can be business, any creative activity, charity or society related, education and research and the list goes on.

It is step wise process, not something like going and getting money. No, it requires efforts from the project creator to be successful at crowdfunding. In fact, these steps will thoroughly explain How do I Crowdfund. People who wish to go for crowdfunding often as How do I Crowdfund and to answer this question they actually need to know the basics of how do I Crowdfund.

Various Steps in Crowdfunding

In order to successfully Crowdfund, people need to learn these steps. In fact, these steps are all about how do I Crowdfund. And the various steps in How do I Crowd fund are as under.

  1. Before starting a campaign one should have a clear idea about what he is going to do and how he can do it. It needs a lot of thinking and cannot be done in a moment. This step is the basic or foundation step in how do I Crowdfund. people go for crowdfunding in order to raise money, that`s obvious but how they will ask people for the money is the deciding factor in the success of crowdfunding. People would inquire about the purpose for which money these people have invested is spent. So one must form a clear idea about what he is doing before launching a campaign.
  2. Gather as much information about the working of crowdfunding for various causes as possible. It will make his own cause clear to him. It is another important step in how do I Crowdfund.
  3. Set goals for the campaign and share this goal with the audience. One can add a deadline as well. How do I Crowdfund is all about setting the realistic goal for a certain time.
  4. To choose a right platform is very vital. In fact, it is the most delicate step in how do I Crowdfund. If one is successful in choosing the right platform, the right and potential audience is then guaranteed.
  5. One should present the campaign before the people in eloquent and understandable fashion. Use of videos and images help in launching a successful campaign. People actually get attracted by the campaign to the project, so it has to be of the highest quality. It is another important step in how do I Crowdfund.
  6. Another important step in How do I Crowdfund that needs to be strictly followed is the rewards. When people invest in the project they need to be given rewards for their investments. They should be attractive but less expensive as well.
  7. Promotion of the project is also important in How do I Crowdfund should be taken into consideration. Social media is the fine platform through which one can easily promote the campaign.

These are only the few among many steps that need to be followed. How do I Crowdfund is an important topic for people going for crowdfunding and they should as such learn it properly before launching a campaign, because How do I Crowdfund is what matters the most in the beginning.

Crowdfund for Charity

Crowdfund for Charity – Helping the NGOs

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Charity is the best of the human actions. Crowdfunding is adding value to the practice of charity by offering it the platform. Crowdfund for Charity is the best way to do a charity. In earlier stage of the crowdfunding, it was mainly used by the artists or entrepreneurs but with the passage of time non-profit organizations also turned to it and crowdfunding successfully offered them platform too.

It is used for the purpose of charity and the general public find it easy to visit a crowdfunding site to make a donation or charity. It is the place where both the persons are present: one is the person who does charity and the other is for whom the charity is done. It can be a non-profit organization or a person. People go for crowdfunding to Crowdfund for Charity and it is also true that crowdfunding has revolutionised the way charity is done. One way or other way people go for it to Crowdfund for Charity.

How can People Crowdfund for Charity

In order to Crowdfund for Charity the NGO`s and individual persons first of all need to choose a crowdfunding website offering platform for charity purposes. Once that is done a campaign is launched to attract the people and let them know about the charity campaign one has launched. In fact, Crowd fund for Charity would mean nothing without the audience and that audience can be attracted when a solid campaign for Crowd fund for Charity is launched.It should vividly reflect the cause for generating the charity and the purpose for which the generated money will be used. Crowdfund for Charity is very beneficial because through it people get

It should vividly reflect the cause for generating the charity and the purpose for which the generated money will be used. Crowdfund for Charity is very beneficial because through it people get diverse and potential audience who actually donate to the Crowdfund for Charity. When the campaign is shared on various social media platforms, it adds more and more audience to the campaign. From such a huge audience, the number of potential donors proportionally increases and therefore helps in making the campaign a success.

What these non-profit charity organizations or individuals need to take care of is choosing a right platform. In fact, one cannot go to Crowdfund for Charity to a platform meant for businesses or other creative activities like movies, publishing or music. It should need specific in order to achieve the success, besides that one is required to be a registered charity organization in order to Crowdfund for Charity.

Crowdfund for Charity is the best platform that has emerged over the time and it is efficient cost wise and work wise as well. For people doing charity work through Crowdfund for Charity is easier than it is manually because Crowd fund for Charity is working mainly through the medium of the internet. It is therefore, easier to operate and raise money through. Many charity organizations are already raising money for various causes through Crowdfund for Charity and their success makes it clear that Crowd fund for Charity is a working thing and they too can use it to generate money from a larger audience.