Imagine that you are about to start your business, just missing a very important detail: an initial capital How to get it? Think of the effectiveness of crowdfunding, which thanks to its advantages becomes an excellent alternative to finance lucrative projects. Keep reading to find out why.

Earlier we talked about how crowdfunding works to finance lucrative projects, but the social aspect is not the only thing that crowdfunding serves: it is also very useful when promoting an emerging business. Even, there are already big projects that financed with crowdfunding like Pebble, a smart watch and Kingdom Death, a creative board game.

Crowdfunding has financed thousands of projects since its inception, for example, according to the Kickstarter platform, more than 349 million dollars have been generated to be invested in crowdfunding to promote entrepreneurial and lucrative projects.

Why is it so effective?

Now there are more emerging entrepreneurs who think of crowdfunding as the alternative to materialize their entrepreneurial ideas, this is because collective financing is very different from the previous ways to obtain capital that were borrowing from a bank or resorting to an investor risky.

Ability to study the product

Crowdfunding has something very different that does not give you a credit and is that it gives you the opportunity to study the profitability of your idea. You can go to your community, receive feedback from her to advise your project and make it better and better. That is, you can evaluate the strengths and weaknesses through the comments of your community.

If you pay attention to these comments you will have more idealization with your clients and in the long run a network of users committed to the brand.

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Low risk percentage

Create a crowdfunding campaign does not require any capital, for example to publish your idea in Solidaridad Latina, does not require any cost, this represents something quite attractive for any entrepreneur since in case of not collecting the money of the goal, there would be no big losses.

On the contrary, creating a crowdfunding campaign with our platform will always represent a profit in your business, because with our flexible goal, designers can keep the money raised from the campaign.

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Freedom of financing

Another of the great advantages of crowdfunding is that it is the democratization of capital. What do we mean by this? In the first place, that the entrepreneur can establish the objective and the amount of money that he wants and needs, they can even collect much more than the goal of the campaign if the idea is very good; Secondly, donors are books to contribute as much as they want, there is no specific price.

To have an effective campaign you have to work

We emphasize that to be successful in a crowdfunding campaign it is not enough to publish it on the platform, it takes a lot of communication, marketing and planning efforts to have a project that reaches its goal. For example, good business diffusion increases the probability of success by 85%.

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If you want to know these tips you can read this article and apply the tips for your lucrative project.

Thanks for joining us to read! Now we invite you to share this post in your social networks so that you know the effectiveness of crowdfunding in lucrative projects.

We recommend you read: 5 Ideas for Doing Business Online

Gather capital for your lucrative project with crowdfunding