January 2017 - MyeFunder

Are Crowdfunding Events Worth Visiting?

January 25, 2017January 25, 2017 CustomerHelp Leave a comment

Events provide a huge platform for socializing. Both small-scale, as well as large-scale events, help the attendees meet each other. But formal events are way more than just a socializing platform. They serve the attendees in many different ways which ultimately end up enhancing their professional life. What abut crowdfunding events? Are they beneficial? Let us know!

Are Crowdfunding Events worth visiting?

The answer to this question is yes! Crowdfunding Events, like other professional events, help the attendees to a great extent. Here are the things that you can gain by attending a crowdfunding event.

#Socializing

As mentioned, crowdfunding events are great for socializing. You can meet various people from the industry, build up contacts, etc. These contacts give two benefits to you – One, you can gain some knowledge from them and get your ideas reviewed whenever required. And two, you ultimately benefit from them when you launch your own campaign. They can either become your backers or help you reach the target audience. This is a very common yet crucial benefit of such events.

#Meet the pros!

Crowdfunding conferences and events are also attended by the representatives of various crowdfunding platforms. Various online and offline crowdfunding platforms send their representatives to crowdfunding events. They might be giving some lectures or presentations. Or maybe just as attendees. Either way, you can meet them, and learn a lot from them.

#Understand the trends

Crowdfunding events also conduct a lot of seminars and conferences by experts or professionals. Attending them will help you understand the latest trends in crowdfunding. This industry is very dynamic. Trends, patterns, and ideas change here every single day. Thus, it is necessary to stay updated with them. Attending crowdfunding events can give you a lot of it at one go. Also, you can gain some knowledge on how to make your crowdfunding campaign more successful.

#Meet your potential backers and investors.

When we say that crowdfunding events are attended by different people from the industry, it also includes backers and investors. Yes! You can meet a lot of potential backers in such events. If your ideas seem convincing enough to them, you might just get some new investors.

#Get your plan reviewed by the pros!

Some crowdfunding events also allow the attendees to present their campaign ideas. If you are given such an opportunity, it is a golden one. This way you might be able to get your plan and ideas reviewed. Since the people who will be reviewing your campaign are professionals, you can get some great constructive criticism.

#Get your lessons from the stories!

Crowdfunding has seen a lot of people succeed beyond imagination. All the credits of it go to their ideas! One master plan can take you a long way. Crowdfunding events usually witness the presence of such successful people. They are there to share their stories with you. You can learn a lot from their journey to success.

All in all, there ain’t one but many benefits of attending crowdfunding events. Thus, if you ever find such an opportunity, don’t let it go.

Let us understand the Crowdfunding Concept

January 16, 2017January 16, 2017 CustomerHelp Leave a comment

Since its inception, the crowdfunding concept has attracted many. It has become one of the strongest alternatives to the conventional methods of fund raising. People claim that it is by far the best method of fund raising. They say that the crowdfunding concept has revolutionized the business world. But is it actually so? Is the crowdfunding concept actually so good? Let us first begin by understanding what exactly Crowdfunding is.

Crowdfunding Definition

Wikipedia defines Crowdfunding as,

“The practice of funding a project or venture by raising monetary contributions from a large number of people.”

In simpler terms, it can be defined as,

“The process of fund raising with the help of monetary contributions from a crowd.”

Though the definition seems quite simple, the explanation doesn’t. I mean why would an unknown person give any amount of money to you. And as in the case of crowdfunding, why would a large number of people do that?

Crowdfunding Concept – How does Crowdfunding work?

The question pointed out above is quite legit. But let me tell this to you. Though this concept seems quite difficult to comprehend, it has actually been the success mantra of many.

This is because it is quite obvious no one is going to pay to you for nothing. But if there is a possibility that they can benefit from it, they will help you. This mutual give and take is the basis of the crowdfunding concept. The funders give you some money. And in exchange, they benefit from it in one way or the other. So what are these benefits? What do you have to do to make people fund your venture? To understand that, let us explore the crowdfunding types.

Crowdfunding Concept – The Types of Crowdfunding.

Based on the rewards the crowd funders avail, crowdfunding can be divided into 4 types:

#Equity Crowdfunding

This is one of the most widely accepted types of crowdfunding. It is the most beneficial type of crowdfunding for the funders, as well as the entrepreneurs.

Here, the funders get some equity or shares in return of the investments they make in a company. Unlike the stock market, these investments can be very little. And usually, it is the small companies who use it. Once the funders get their share in the company, they can profit from it as the company grows.

#Reward-based Crowdfunding

Though the basic crowdfunding concept remains the same, there are some peculiar differences between reward-based and equity crowdfunding. In reward-based crowdfunding, the funders don’t receive a direct monetary profit. Instead, they get a reward for their contribution.

For example, if you crowdfund a music band, they might give you a copy of their music CD f0r free.

#Debt-based Crowdfunding

Debt-based Crowdfunding is just like taking a loan from the bank. but the difference here is that instead of borrowing the complete amount from a bank, you borrow small amounts from many people. And they all expect to be paid back the principle with an interest.

#Donation-based Crowdfunding

This type of Crowdfunding is completely different from the other three types. Here, there are ‘donors’ instead of ‘backers’. And they fund social ventures in an effort to pay back to the society.

Why should you join Facebook Crowdfunding Groups?

January 11, 2017January 11, 2017 CustomerHelp Leave a comment

Facebook is a Social Networking website created by Mark Zuckerberg. It is one of the most widely used social platforms in the world. Today, more than 1.8 billion users are active Facebook users. Facebook allows users to create various groups. They usually connect people with similar hobbies, interests, work, etc. The users who are members of such groups can directly interact with each other. Amidst the other Facebook groups, there are crowdfunding groups as well. Yes! If you are interested in or related to crowdfunding in any manner, you can join Facebook Crowdfunding groups. But what can you possibly learn from them? Here’s what!

Who are the members of Facebook Crowdfunding Groups?

Before going into the benefits, we should know who use such groups. Investors, people interested in Crowdfunding, people who have experience in Crowdfunding, etc.are usually members of such groups. In short, all the people who are directly or indirectly related to crowdfunding, join such Crowdfunding groups. And trust me! All of these people can prove to be beneficial for you one way or the other.

How can joining Facebook Crowdfunding Groups help you?

#You can get some innovative ideas.

People use Facebook Groups as a platform to share ideas. Especially if it is a professional group, people prefer to share knowledge. You can learn from the posts of other members. Also, you can go through their campaigns to get some good ideas.

#You can have a campaign review ready.

What might be a good campaign idea for you might not necessarily be good enough for the audience. Once your campaign is ready, share it one a Facebook Crowdfunding Group. Ask the fellow members to review it. They will surely go through it and review it for your help. Thus, you have your campaign review ready before even launching it.

#There are investors as well in some groups.

Some of the Facebook Crowdfunding Groups are even used by funders. Apart from usual crowdfunding platforms, this can be another way of promoting your campaign. Thus, you can reach out to some extra investors. This increases your chances of succeeding.

#You can find some good campaigns as well.

If you are planning to invest in a project, you can find some good ones on a crowdfunding group. You can go through their Facebook campaign. Even visit the complete campaign site. And you can find a nice project to invest in.

#A free promotion club!

Facebook Crowdfunding Groups are not just limited to the exchange of ideas. Some of them even function as promotion clubs. Their working methodology is quite simple. The members of the group share each other’s campaigns on their respective timelines. One person will share your campaign on their wall. In return, you have to share the campaigns of two other members on your wall. The cycle goes on like this. Thus, you have a way of promoting your project for free.

Today there are a lot of active Crowdfunding Groups on Facebook. Join any group which can prove to be beneficial for you!

Top 7 Platforms for Crowdfunding in Europe

January 10, 2017January 10, 2017 CustomerHelp Leave a comment

The recent decade has seen a lot of growth for Crowdfunding in Europe. The feasibility of its concept is diverting more businesses towards it. People not juts in Europe, but from around the globe are preferring Crowdfunding over other traditional means of fund-raising. If you are amongst the entrepreneurs who want to try their hands on it, I believe it is high-time you do. To help you do that here is a list of the best Platforms for Crowdfunding in Europe.

#Companisto

Companisto is a Berlin-based website for Crowdfunding in Europe. The platform’s rules and regulations for crowdfunding are flexible. The permissible investment amount ranges from €5 to €500,000. Also, there is no limit on how much amount can be raised from one project. You can raise as much as you need. Companisto helps companies from various industries to raise money for their ventures. Till date, the website has successfully crowdfunded more than 51 projects.

#Funded by Me

It is a Sweden-based website for Crowdfunding in Europe. This website allows a combination of ‘reward-based’ and ‘equity based’ crowdfunding. This makes its approach extremely unique. And thus interesting. As the company says, such a crowdfunding model is useful for “intelligent growth”. As of now, the company has crowdfunded more than 500 projects.

#Invesdor

This website for Crowdfunding in Europe is based on Helsinki. This website has been functional since 2013. It was amongst the first websites for Crowdfunding in Nothern Europe. The projects and campaigns on Invesdor are not bound by the industry of the business. Any company can raise funds using this website.

#Seedmatch

Seedmatch is amongst those names which help startups for crowdfunding in Europe. It is a Germany-based website which supports equity crowdfunding. However, a company can only raise €100,000 for their project. The company has funded some 100 projects till date. That too, with a success rate of a whopping 95%.

#Symbid

Symbid is also known as ‘The Funding Network‘. It is a Netherlands-based website for crowdfunding in Europe. This website allows equity crowdfunding. Also, the investors can begin investing with as low as €20. Till date, Symbid has helped more 60 companies to raise funds for their ventures. The investments made via Symbid till date accounts for around €420 million.

#Syndicate Room

This website for Crowdfunding in Europe follows the “investor led model”. The website has a syndicate of investors who work with the professional investors. The online investors are allowed to invest in various British companies. These companies may be in their beginning stages, or their later stages. Investments worth more than £40 million have been made till date with Syndicate Room.

#Wiseed

This is a France-based website for Crowdfunding in Europe. Wiseed is a crowdfunding platform dedicated to the real-estate. An investor can choose from residential properties, commercial properties, farms, etc. They can even invest in startups or cooperatives. Wiseed has helped more than 90 projects get funded. Around €36 million have been invested by the client network of Wiseed.

Crowdfunding is Europe has a become a popular trend in the business world. Choose a suitable platform for your venture and you are set.