Are you seeking startup capital, have you considered crowdfunding?
When it comes to raising capital for your business, sometimes you need to try a completely different tactic.
I wanted to let you know a little bit about crowdfunding.
With crowdfunding, you can harness the power of the internet to raise money for your startup business. If it's a donation-based crowdfunding platform, you don’t have to pay it back.
And you’ll get valuable hype and brand awareness while you’re at it!
The way it works is this:
You create a pitch on a crowdfunding website that describes your business and why it’s worth investing in, and the general public donates funds to make your vision a reality. In return, you offer the donors different rewards based on their donation amount.
Take a look for yourself: www.kickstarter.com is one of these crowdfunding websites and www.indiegogo.com is another.
But here’s the tricky thing… Not everyone reaches their funding goal and when you don’t reach your goal, you come away with nothing. A bit scary, I know.
If you're in an alternative industry though, there is a NEW crowdfunding source that could be leveraged for donation-based crowdfunding, or equity-based crowdfunding, called Mainvest. Be sure to tell them I referred you.
The key to success in crowdfunding comes down to 4 things: 1. You have a great product 2. You have a great story to tell 3. You are offering an awesome reward that’s valuable to donors 4. You already have a wide online network.
If you know you have all of the above to offer, I encourage you to look into this source of funding further. It could be the beginning of your dream coming to fruition.