In the initial state when you have plans to start a business then you need capital to start with. If you have worked for 10 years when you graduated when you was 23. Untill when you was 33 and you made around 2000 US Dollars per month and you were able to save a cool 1000 US Dollars per month. Then you could of saved 120.000 US Dollars in those 10 years. If this is not the case and you are ambitious when you got a degree if you are 23 and you are ready to embark on the journey to start your supermarket but you do not have the capital. Then you can start a crowdfunding campaign online.
Real easy to get capital when you are lucky.
This means no obligations and being accountable to prove anything to banks and creditors. But when you start a crowdfunding campaign then you must be an expert in the field to show the people who are willing to fund you to start a business. The Internet is growing by the day and the potential is huge. When you have plans to start a business. Then you know it is a challenge. This is also the case for making money with crowdfunding. This means you got to get a large online exposure. You can go to Craiglist.org and post your ads with the description that you are going to start a business in a certain niche and you have created crowdfunding campaign on a crowdfunding site. Place the link in the description.
No pitfalls at all.
There are investors who are interested in shares of your company. They are willing to invest in exchange for a good deal to make a profit from your company. They have a sense of what kind of businessman you are and they often take risks and the investors do background checks and look at your businessplan. But You know it is risky for you and also for the investors. The investors want a piece of your company as a coleteral. With crowdfunding is the only challenge the exposure of the campaign you have created to collect funds.
Potential customers can start to believing in your brand.
There is a large amount of people with a market segment of food branch. If you target this market for example you can get potential customers to fund in your supermarket. They will take a good look at your campaign and they will find out what segment you target. Upper, Middle or the lower segment. They would not give two thoughts about funding your crowdfunding campaign if they are knowing you are going to sell them the products the crowdfunders want.
Create a solid plan to show the crowdfunders that you are an expert.
Let people know that you know what you are going to do. If you are an online entrepreneur and selling art for the last 20 years online. Now you are going to compete with the big boys like Sotheby's. Then create a solid plan and let people know that you are going to hire big time companies to create your e-commerce site. That other artists can post their canvas paintings for sale or as an auction. That you are also willing to print for the customers. Let the crowdfunders know that you are going to print on different sizes and various material.
Build a community of supporters.
It is good to start a Facebook page and Twitter profile to get backers to spread the word and those above mentioned social media profiles will go viral. Visibilty is the money maker in this case. The back-up willing to share the campaign you created for crowdfunding. This means it will take time. Be patient.
No comments:
Post a Comment