One of the biggest obstacles to starting a new business venture is the funding aspect of it all. If you don’t have at least some amount of money, you’re not going to get very far and your dreams of success will melt away, forever to remain an impossibility. For those future business owners who won’t accept defeat, it pays to have one or more funding options available. That way you can get all the disposable cash you need to fund your business and get it off the ground. One viable funding option that is available to anyone with a computer or mobile device and an Internet connection is crowd funding. With the use of one or more crowd funding websites, you could soon be well on your way to reaching the success you’ve always hoped for.
Crowd Funding – How Does It Work?
Crowd funding websites work by putting you in contact with other like-minded people from around the world. You present your new idea – product, movie, book, game or whatever else you are trying to fund – the best you can while you ask others for funding assistance to help you make your concept a reality. If enough people pledge to your project, you will get the funding you need and you all can bask in the success of whatever project you originally came up with.
Most people won’t just give a donation for nothing, even if the project idea is out-of-this-world. That is why, Kickstarter, just to name one crowd funding site (and arguably the most popular of them all) allows you to offer rewards to those donators that offer substantial amounts. For instance, if you are trying to create a product, you might offer to send an initial prototype of the product to the first ten people that donate a thousand dollars. If you are making a movie, you might offer to make the top donators an extra.
You will choose the rewards and you will handle the production and your donators will help get the idea made. Does that sound like something you are interested in? If so, let’s use the true power of crowd funding websites to get your name out there so that you can get the money you need to reach the success you’re after.
Just looking at the Kickstarter projects page, there are toys, products, games, music albums and a person’s first novel. As the crowd funding originator, you will be allowed to post photos, videos and the story of how your idea first came to fruition. Really sell your idea and come up with one or more rewards that will entice people to donate to your project.
If you are stuck on which rewards to offer, consider some of the rewards offered on Kickstarter. The author of the first novel is offering an autographed paperback copy of the book and a bookmark for all pledges over $100. For the toy that is being crowd funded, pledges over $40 will receive a limited edition copy of the toy, making pledgers feel extra-special.
Kickstarter is only one of many crowd funding websites. There is also Go Fund Me, Indigogo, Razoo, Crowdrise, CrowdFunder, and that’s just to name a few. If you have a pressing idea that is just dying to become a reality and you don’t have the funds on hand to make your dreams come true, reach out to the Internet with one or more crowd funding websites. Use one or use them all to get the money you need. Just make sure you take care of all those who donate.
If you can manage to present your project with the same enthusiasm that you feel for getting it created, and you manage to reach out to enough like-minded people, and you offer valuable rewards that entice people to send you the money you need, you could see crowd funding success.
Many projects have been created with Kickstarter and others, and it’s a great way to get the funding you need for any type of project. The best advice you could receive for getting a project funded on these types of sites is to examine what’s being funded now. See what people are excited about and copy the efforts of successful crowd funders before you. You’ll see that there’s a certain technique to getting crowd funded and that the most successful project owners become that way because they treat their donators with respect, and they always try to share their success with every single person who donated or otherwise showed the project love. That’s the true power of crowd funding and it’s where you want to be if you have big dreams and shallow pockets. Your Internet audience awaits.