Today, a lot of people think to launch their own indigenous project, but only quite a few are successful in doing so ; most of them are trolled back to drop the idea in lieu of lack of funds. The traditional funding of businesses is the story of past; here we bring to you why an alternative approach of funding a business, project, venture or social cause.
The idea known by the name of crowdfunding is not an alien to people today, but why it stands out of the alternative funding herd is the point of interest in this article. A lot of crowdfunding platforms like Indiegogo, Myefunder.com have raised the bar of funding by introducing the idea of online fundraising. Let’s have a look on why the project initiators are all going gaga over the mechanism of crowdfunding.
- Two in one job: The online fundraising via Indiegogo or Myefunder.com is not a mere collection of funds for your project, but the interest of funders gives you an insight of how your product is going to fair in a live market.
- Easy to go with: Sweating involved in getting funding through loans and other means is known to all interested and a major portions of it comes from the paperwork involved. In case of an online fundraising through crowdfunding platforms like Indiegogo and Myefunder.com it is a hassle free process.
- Getting yourself identified: Once, your projects starts getting positive reviews from the funding fraternity, get ready to handle your fan following. Website like Indiegogo, involved in online fundraising offer facilities to build a community consisting of people supporting the idea and having similar interests.
- Minimizing the risks involved: Since the crowdfunding platforms like Indiegogo are easy ways to predict the validity of the project, hence it could be deemed that online fundraising gives an informal certificate of reduced risk in the venture. This scrutiny allows you to take a deep breadth and play safe.
- Increase in the number of success: The increase in the number of supports to the project follows with the revelation that a number of people feel attached to the venture and are keen on knowing its each and every update. It is the after effect of the online fundraising that two persons sitting at different geographical locations might feel elated at the success of a common project.
- Inherent nature: One of the main reasons to opt for online fundraising through Indiegogo and Myefunder.com is the concept of crowdfunding itself. Being different from traditional methods, crowdfunding gives you an upper hand owing to the fact that here you can target the audience specific to your requirement. You get a survey platform, a testing environment and a bunch of supporters’ right in front of your computer screen.
Crowdfunding platforms like Indiegogo, through their online fundraising concepts have brought revolution in the field of start-ups and fund collection for charity. They have vested the power in the hands of user itself; to be the maker or breaker of their concept. The stronger, the better the idea, more chances of it to get successful!!!
