How to Crowdfund Your Next Big Idea (And Not Spend A Penny)

Crowdfund Your next Big Idea

Do you know that you can start a business without using your own money as capital? There are people who have enough money and who are willing to fund you in this endeavour. As long as you can convince them that there will be return of investment, it is possible for you to make them to invest their money in order to fund your business. There are now web sites/funding platforms that allow small investors to get together to invest in a project and this is called crowdfunding. So what tips are there to crowdfund your next big idea?

There are a lot of thriving entrepreneurs who have great ideas, but are not wealthy enough to fund for these ideas. If you are one of them, give crowdfunding a shot.

There are a number of things you need to think about so that you can start the process.

  • You just have to create a video for people to see. This contains the basic information about your ideas. Try to be creative so your video will be noticed.
  • Take note that there are a lot of other people who are crowdfunding. They will do whatever it takes to get funding. You should also do the same. Make these wealthy investors understand that your business idea could go a long way.
  • Its a good idea to have already built up an audience who trust you through social media as you don’t get a lot of time to build one during the crowdfund process.
  • If after some time, no one has decided to crowdfund your idea, perhaps you have to change a part of it. You may also put up a new video for people to see.
  • Just don’t lose hope when you feel like no one has noticed your video. Keep working hard. Ask for help from friends and relatives to promote your video.

For more tips on how to crowdfund and succeed in this endeavour, check the infographic below. Hopefully, you can find someone who is willing to take a risk on your ideas. Once you have found investors, work even harder so their investment isn’t wasted.

They took a chance on you so you must prove them right. Your ideas should really transform into a successful business in time.

How to Crowdfund Your Next Big Idea (And Not Spend A Dime) (PbS)