Crowdsourced Funding: Why it Works!
Crowdsourced funding platforms are increasingly efficient ways to raise funds for an important cause or idea.
When done correctly, crowdsourced fundraising works for 4 main reasons:
2. It connects large groups of people and allows them to show support in meaningful ways.
3. Ideas & causes can be easily shared over the internet through social media to build more support outside of your network.
4. Crowdsourced funding doesn’t have to only occur online. Holding events off line can also raise money.
The success of crowdsourced funding is evident in its dramatic growth in the past few years. The data below is taken from the Crowdfunding Industry Report which reviews the trends and growth of the crowdfunding industry.
Also, everyone can participate.
Finally, Crowdsourced funding can be fun and be tailored to your specific needs.
Just check out these niche sites:
Unglue.it is a crowdfunding website that gathers donations to pay copyright holders to release free editions of their books.
Sprigster.com is crowdfunding for military veterans and military spouses.