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Thursday, April 30, 2015

Deciding Which Is The Best Crowdfunding Site

By Toni Vang


There are so many crowdfunding sites that anyone can rely on regardless of what purpose for the funding is provided that it is legal, valid, and reasonable. Most of those that indulge in this method are artists like aspiring authors, musicians, and painters who want to have exhibits. The musicians like to accumulate funds in order to record a full length album. On the other hand, authors who do not have enough budget for publishing their books also have a place in these sites.

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.

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.

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 one hand, rewards refer to pre purchasing products and services or pre donating for a cause. One example for this is crowdfunding musicians wherein they will get the chance to pre purchase their demo tapes or records if they will help fund the music video or recording of a new album.

Back in Two thousand twelve, the crowdfunding industry has recorded its biggest fund releases in the last six years. It had reached to over two billion dollars while in two thousand thirteen, funds released have reached to over five billion. And in the following years, the industry is expected to increase in fund release rates which will result to revenue increase as well. These sites are making a lot of money just by hosting crowdfunding.

Entrepreneurs take this chance to also advertise their goods and services at low costs. In addition, they will get the best shareholders and stakeholders who will take the opportunity as well to look for potential startups which are unique and promising. It is also their chance to expand their shares if ever.

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.

In addition, a more recommended site is the one which has already established an international niche. This has greater chances at gaining more and more people to financially support their craft, products, or donation drive. The wider the market base is, the bigger the opportunities.




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