While thinking of starting your own business, the first thing that comes to one's mind is Funding. With the change in era and technology, now we have an alternative source of funding available for the start-ups which is Crowd funding. You can also visit https://coopcrowd.com/ to know more about business crowd funding.
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For those which are not familiar with the concept, Crowd funding is the best way to raise funds from a large number of people through the internet. All you need to do is prepare and upload campaigns in crowd funding website and make it viral with the help of social media.
There are different types of crowd funding which fit best for start-ups are:
Reward based Crowd funding – Under this type of crowd funding, supporters rewarded in return for the contribution. The reward could be a handwritten thank you note or an early bird customized product itself. It describes gratitude to the supporters of the project owner, these are the things that money cannot buy and give a special feeling for the supporters.
Equity-based Crowd funding – With this conventional technique of rising funds, the financial woes of businessmen lowered. They now do not have to knock on the door of investors, throws and convince them to end. You do not need to panic and give a presentation to many people. All you need to do is present both your business online.
Crowd funding allows entrepreneurs to pitch their ideas to a wider audience than just a particular investor. With social media that apply so much today, is much easier to find like-minded people to contribute to your projects.