What is Crowdfunding?

What is Crowdfunding?

“Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the Internet. One early-stage equity expert described it as “the practice of raising funds from two or more people over the Internet towards a common Service, Project, Product, Investment, Cause, and Experience or SPPICE.”
The crowdfunding model is fuelled by three types of actors: the project initiator who proposes the idea and/or project to be funded, individuals or groups who support the idea, and a moderating organization (the “platform”) that brings the parties together to launch the idea.
In 2013, the crowdfunding industry grew to be over $5.1 billion worldwide.”(Source:Wikipedia)

Why Should Startups Consider Crowdfunding?

It may sound simple to create a startup, but the truth is that this is more complicated than it seems. Therefore, if you want to create a startup, you will have to think about all the steps you have to make to survive the today’s market and to become successful. This environment is very difficult, the competition is extremely harsh, and the chances of success are quite small. Thinking about all this, you need innovative ideas that might help you get what you want. In this way, you will have some sort of assurance that you will become successful.

Crowdfunding promotion is a strategy that has helped many people who are in your situation, and, therefore, you shouldn’t discharge it without analyzing it. You may be surprised to see that this practice will actually help you from many points of view, starting with the monetary help and ending with the free publicity.

The truth is that the crowdfunding advertising is one of the best ways of promoting your business in the online environment. Therefore, you shouldn’t miss the opportunity to try it, especially because it is very simple to access the best crowdfunding marketing solutions that fit your startup.

Crowdfunding for startups represents an excellent manner of entering the online environment, which actually represents a great way of promotion. There are many people who have chosen this practice for their startup, and right now, you have the opportunity to be one of these people. There is no need to be stressed about all this. After all, crowdfunding PR will help you achieve your goals. Thus, you should definitely take a chance and choose the best crowdfunding strategy that will help you succeed.

Usually, those who have a startup need a lot of help, especially when it comes to publicity. Because the marketing strategies are very expensive, you will have to find a way to save more money to become more successful. Thinking about this, it is no wonder that there are many people who have chosen the crowdfunding promotion, which has helped them in a considerable manner. You should follow their lead, and thus you will have more chances to have a successful startup that will stand out from the completion. You must be aware about the fact that the competition is very harsh, and thus, you have to find a way to become better in your field, and even more than this, you will have to find a way to rise above your competition.

Right now, it is your chance to shine, therefore, you should take it without any hesitation. In this way, you will be able to follow the path of success.

Now that you have all this information about the crowdfunding advertisement, you should be able to find a way to apply it for your own startup. There is no need to neglect this issue, especially when you have so much to gain.


 More details: https://www.linkedin.com/pulse/article/20141013095851-138905620-why-should-startups-consider-crowdfunding?trk=tod-posts-recentPosts-ptlt

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