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Friday, May 1, 2015

Deciding Which Is 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.

You can choose from among so many sites in the internet. Rely on the power of your browser in order to find the best crowdfunding site. But you need to know if they are reliable and if the one you are choosing is dependable. Look for proof which you can find in search engines as well. There are reviews and blog articles about these sites. Read on and take your time to evaluate them before choosing one.

As you read through the reviews, you will see how much help the sites have provided to a certain number of people who had different purposes why they resorted to that method of funding. Some resorted to these sites for simple school projects, charitable purposes, or for new businesses. You will also discover that there is already existing crowdfunding for real estate and gaming.

There are two models in crowdfunding namely, rewards oriented and equity based. Rewards is based on the giving of discounts and pre orders for those who are interested to fund. This is particularly applicable to goods and services business. In addition, this is also applicable for musicians who will make the interested crowds listen to their song in full.

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 the year two thousand twelve, it has been observed that the crowdfunding industry has marvelously blossomed. The observation revealed that over two billion dollars have been released for funding. By the following year, it reached five billion. Finally, in two thousand fourteen, the industry still keeps ob booming up to this point in time.

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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