How to get crowd sourced funding for my business
The following is the basic concept of crowd sourced funding. You may have an excellent idea to develop a new kind of biodegradable bottle that you would like to license after development, but you lack the funds to fully develop your invention. That is when crowd sourced funding comes into place. With people struggling to get financing from lending organizations for their ideas, crowdsourced funding platforms rise as a friendly way to generate funds from investors, other entrepreneurs, or even regular people who may like your idea and believe in it.
What can Crowdsourcing do for your project? Crowd sourced funding is an extremely effective method to get people investing in your product, idea, or project. Because social media and technology, which are growing and spreading faster than ever before, are connecting more people, crowd-sourced funding is becoming much easier, accessible, and widespread. Crowdsourcing funding is not about convincing an investor or a group of investors to invest in your business project, but getting fan funding from people who simply like your idea.