Who Else Wants Other To Fund All Their Projects And Learn How You Can Get Money From Crowd Easily?
In the past years, there has been a great rise and interest in
collaboration. Thanks to the internet and its ability to reach many
people in the least amount of time, collaboration between people
from all walks of life is now possible.
Collaborative funding via the web, or better known as Crowdfunding
is one example of collaboration. This has been a real standout because
of the attention and growth in fan base that it has garnered since the
term has been coined.
Crowdfunding is actually the collective effort of a certain group to
gather funding that is needed for a project, cause, and charity or
business investment. Activities may range from fund raising for
disasters to art shows and movies.
This eBook will guide you through the process of using crowdfunding.
The origins of Crowdfunding could be traced to something that is
called crowdsourcing. The concept is that a person can reach his goal
through receiving a small amount of monetary contribution from a lot
of sources. It is the collection of funds via small contributions to
sponsor and finance a project.
As a process, an organization supports and promotes a project, which
is known as a platform. This platform brings together the crowd who
will bring in the funds to the initiator who is the person or
organization who is in line to receive the funds.
Since the set up of the Crowdfunding as an industry, it has been able
to raise something close to $3 billion in 2012. There is a projection
that in 2013, the Crowdfunding industry will be able to raise
something close or over $5 billion.
There are many crowdfunding sites that are available now. Depending
on the need and purpose of your cause or project, there is something
that will surely fit your need.
For Crowdfunding, there are two main models or two types.
Donation based – which is where it all started. The model that they
used was based on the donation of funders who are formed as a
collaborative group. In return for their support, they are provided
with products and services or at times rewards.
Investment Crowdfunding – this is the second model that is being
used, where businesses seek capital via the sale of ownership stakes.
This is investment in its purest form but with the splash of technology
Comparing the two, with the investment crowdfunding, there is a
potential for a financial gain or return, while with donation
crowdfunding, there is none.
In the months ahead there is expected change when it comes to
crowdfunding. There is talk that there would be more approached
that would be introduced like group based approaches, mobile
solutions and localization – where funding will be focused on
sponsors who are from specific areas like neighborhoods and cities
where the project is close to.
With the growing market, Crowdfunding has really created quite a
stir. Joining the concepts of philanthropy and entrepreneurship,
crowdfunding has broadened the base of possible investors for
companies or individuals who are seeking the funding to launch their
projects off the ground. Download Crowdfunding doctor and learn how to create a successful campiagn so you can fund your project today!