Crowdfunding and Shooting Ranges: Odd Couple or Perfect Match?

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"This article highlights a new phenomenon in the shooting range industry, crowdfunding, which could make it easier for shooting ranges to raise the necessary funds for quality equipment and general business expenses.

Read the full article here (http://www.actiontarget.com/crowdfunding-and-shooting-ranges-odd-couple-or-perfect-match)

Related Keywords: law enforcement, shooting range targets, shooting range, firearms, Action Target"

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Crowdfunding and Shooting Ranges: Odd Couple or Perfect Match?

  1. 1. SHOOTING RANGE HOPES TO BE FIRST EVER FINANCED BY CROWDFUNDING By:  Ac'on  Target
  2. 2. The  Machine  Gun  Nest  has  the  chance  to  become the  first  shoo'ng  range  ever  to  be  successfully  financed through  crowdfunding  and  may  pave  the  way for  other  ranges  like  it.  With  crowdfunding  expected  to  explode  in  the  next  year  and with  the  implementa'on  of  public  equity  financing  coming soon,  the  shoo'ng  range  industry  has  a  unique  opportunity  to bypass  tradi'onal  financing  op'ons  and  get  direct  support from  the  shoo'ng  community  itself. While  there  are  likely  to  be  many  failed  campaigns  along  the way,  there  will  also  be  those  who  rise  to  the  top  and  pioneer  a new  business  model  for  shoo'ng  ranges  everywhere.
  3. 3. THERE ARE ONLY A FEW TRADITIONAL WAYS TO RAISE TO FINANCE A NEW BUSINESS OR PROJECT, •  You  can  talk  to  local  investors •  You  can  apply  for  a  small  business  loan •  You  can  beg  a  rich  uncle
  4. 4. CROWDFUNDING TURNED TRADITIONAL FINANCING ON ITS HEAD. Crowdfunding  began  when  fans  of  Bri'sh  rock  band Marillion  collec'vely  financed  one  of  the  bands  tours. Crowdfunding  began  to  catch  on  with  ar'sts,  filmmakers, and  inventors  with  a  total  of  $2.7  billion  raised  in  2012 alone. Crowdfunding  has  now  been  made  relevant  to  small businesses  and  startups  through  the  passing  of  the  JOBS  Act which  makes  provision  for  solicita'on  of  equity  financing from  the  general  public.
  5. 5. THE MACHINE GUN NEST IN FREDERICK MARYLAND IS NOW USING CROWDFUNDING TO FINANCE THE BUILDING OF THEIR INDOOR RANGE. The  Machine  Gun  Nest  has  seen  ini'al success  with  $22,000  raised  in  the  first 24  hours  through  Indiegogo. Owners  Rob Krop and Matthew Jones  plan  to open  The  Machine  Gun  Nest  regardless of  whether  they  hit  their  campaign  goal of  $500,000.
  6. 6. THE MACHINE GUN NEST IN FREDERICK MARYLAND IS NOW USING CROWDFUNDING TO FINANCE THE BUILDING OF THEIR INDOOR RANGE. Other  shoo'ng  ranges  have  aTempted to  finance  themselves  through  Indiegogo in  the  past,  but  only  one  managed  to raise  more  than  $195  aVer  a  full  60-­‐day campaign.  The  difference  with  The Machine  Gun  Nest  campaign,  Krop  says, is  that  they’re  hing  the  pavement  and talking  to  people  about  it  in  person  as well  as  online.
  7. 7. Opening  the  range  may  not  be  The  Machine  Gun  Nest’s biggest  achievement,  however  the  range  has  the  chance  to become  the  first  shoo'ng  range  ever  to  be  successfully financed  through  crowdfunding  and  may  pave  the  way  for other  ranges  like  it. With  crowdfunding  expected  to  explode  in  the  next  year  and with  the  implementa'on  of  public  equity  financing  coming soon,  the  shoo'ng  range  industry  has  a  unique  opportunity  to bypass  tradi'onal  financing  op'ons  and  get  direct  support from  the  shoo'ng  community  itself. While  there  are  likely  to  be  many  failed  campaigns  along  the way,  there  will  also  be  those  who  rise  to  the  top  and  pioneer  a new  business  model  for  shoo'ng  ranges  everywhere.
  8. 8. Read  more  and  comment  by  visi'ng www.Ac'onTarget.com and  click  on  “Ac'on  Target  Journal” - OR - Get  there  directly  at www.Ac'onTarget.com/crowdfunding-­‐and-­‐ shoo'ng-­‐ranges-­‐odd-­‐couple-­‐or-­‐perfect-­‐match

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