CrowdFunding allows projects and ideas to be funded by the crowd (people from around the world) via websites designed for collecting donations or investments. There are four main types of CrowdFunding: donations, rewards, equity (investment), and debt. A successful CrowdFunding campaign involves choosing a website, creating a compelling pitch with a video and story, promoting the campaign, and delivering on promises to funders. The key benefits of CrowdFunding are market validation of ideas, increased awareness, growing supporter bases, and obtaining funding for projects.

1. CrowdFunding
How does
CrowdFunding work?
FAQ

2. CrowdFunding is an old concept
that has been given new life
with the arrival of the internet

3. CrowdFunding allows anyone
from around the world
(the crowd)
to support a project or an idea via a
website set up for the purposes of
collecting funds

4. You can use CrowdFunding to raise
money and support
for your product, service or idea

5. Once you are clear about what you
want to CrowdFund
you then need to decide which of the
four types of CrowdFunding
you want to use

6. The four main types of
CrowdFunding are
Donations
Rewards
Equity
Debt (Peer to Peer Lending)

7. Once you have selected the type of
CrowdFunding you want
you then need to
choose
which CrowdFunding website to
launch your campaign on

8. There are hundreds of
CrowdFunding websites
to choose from
each with their own different
guidelines and niche markets

9. After choosing your CrowdFunding
website you need to work on
creating your campaign pitch

10. Your campaign pitch is normally
made up of three aspects
your video
your story
your rewards

11. Before launching your CrowdFunding
campaign you also need to work out
how much support you will get
for your project or idea
i.e. how large is your crowd?

12. The size of your crowd is going to
determine how much you can ask for
your CrowdFunding campaign
The target amount often determines if
your campaign succeeds or not

13. You will have to promote your
CrowdFunding campaign to your
crowd before, during and after
your campaign

14. Once you have completed a
successful CrowdFunding campaign
you need to set aside
enough money
to deliver on your campaign
promises

15. The four most important reasons for
doing a CrowdFunding campaign are
market validation
greater awareness
increasing your supporter base
funding for your project

16. Market Validation
is where you get to test your idea on
your crowd to see if it grabs their
imagination

17. Marketing Awareness
allows you to conduct a campaign to
increase awareness about your
concept, product or brand

18. Increasing your supporter base
will get more people to
buy your product or service
and support your idea

19. Funding for your project
is the ultimate prize
for all the hard work you put into
running a successful campaign

20. For more information on how to run a
successful CrowdFunding campaign
download free issues of our online
interactive magazine
from the
Apple App or Google Play
store

21. There are many more
resources available to support
your CrowdFunding efforts at
CrowdFundingFocus.com

22. CrowdFunding
FOCUS