Wednesday 6 May 2015

Searching For The Best Crowdfunding Site

By Toni Vang


There are various purposes for crowdfunding. Some independent musicians resort to this mode of funding where they win the favor of thee crowd to fund their albums and recordings. This is also very applicable in startups. You will need to accumulate funds in order to pursue the business. There are sites that offer just what you need. They are connected with a lot of networks that are knowledgeable in the field of entrepreneurship. They may be able to help you out.

Still, some of the persons who engage in crowdfunding are entrepreneurs. This is an effective strategy to establish a position in the chosen niche. The best crowdfunding site will be the one which serves the purpose of the entrepreneur appropriately. It is recommended to look into reviews of these sites because these will serve as heads up on what they are specialized in.

There are sites that welcome even the simplest project proposals and donation drives. And it can be said that there have been many successful attempts to accumulate funds for their cause. Even the simplest school projects can be funded depending on the preferences of the admin of the site. Some of them actually filter the small funding and prefer those that are as big as business funding and equity.

This can be of two kinds, either equity or rewards. The former refers to allowing people to hold shares in the company by way of the funds they will give. There had been a lot of businesses that have increased their revenues and shares just by starting at these sites.

On the other hand, equity based is enticing a crowd to be a shareholder of the new or old company. This is a new model which is already used internationally. Many have proven how helpful and beneficial these sites are. And the convenience of getting capitals and funds for projects and businesses can now be done in one sitting with just a couple of clicking and typing.

In two thousand twelve, a total of two point seven billion dollars were raised through site crowdfunding. And in two thousand thirteen, it rose to around five point one billion. In two thousand fourteen up to this year, it is still increasing which is why a lot of niche has actually entered into this venture for their business and personal finances.

Here in these sites, an entrepreneur will get the chance to promote the business in less costly ways. Plus, they will get the benefit of being able to market the business to potential shareholders and stakeholders. This is a sure way for the business persons to interact, build new networks, and extend market reach. There are already appropriate sited for any given project, business, or charity.

There are sites that offer mainly for business while others accept charity and donations. Some are a combination of both, which is most of the time, the most visited. People judge it as reliable and very efficient because of the many functions it serves.

There are also others which have established their presence in the international online environment. Most big time providers of funds have accounts in such sites. But they often have multiple accounts. Their purpose is to be able to support businesses which they think have the potential in the market because they are sure that they can also benefit if these companies start to grow.




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