What is CrowdFunding ?
It is a way to receive a small donation from a large number of people to raise from to support your idea, product, charity or business.
There are many ways an individual can raise funds for projects through this, but a majority of these platforms are performed through channels on the internet,
This has been used to fund a large range of ideas, products and businesses. Some Crowdfunding platforms only allow for specific niches or categories such as promoting your music, ebooks, computer software and technology… the list goes on and on.
Many of related websites have incorporated this for personal Financing such as paying off debt, paying for college or books, travel, buying a new house of car or something as devastating as funeral expenses.
This funding for the most part offers an individual the opportunity for success through donations of funds you never have to payback!
Banks and other financial institutions can charge enormous interest rates for a payback of a loan if you have little to no credit. That is if you can even qualify. This will get rid of the hassle of dealing with shrewd financial backers and give individuals a real chance to follow their dreams.
You may not know this but it has been around for a long time, we just didn’t call it that. We have this way of funding in our wedding ceremonies, where guests of the bride and groom pin money to the bride’s gown, or when a couple has a baby shower, housewarming party or when the politicians receive donations to run their campaigns.
As you can see it’s not a new concept, the only things that have changed in this concept is now it is open to everyone and because of the internet you can reach millions to help you reach your financial dreams.
Start Your Funding campaign today! at The Millionaires Empire What do you have to lose?
Do you often feel that your desires or long-lost ambitions have been left midway in your journey of life just because you did not have the adequate funds to fulfill them? Do you find feel the need or the urgency to complete them?
Everyone has some ultimate aspiration of owning a huge house, going on exotic vacation, buying that sports car which you always dream of driving. Sometimes it may not be something different. You want to get into that dream college of yours since it’s the topmost institution and taking an admission there will open more avenues for you. Or you may have to pay off some debt you had taken for which you had no choice but simply borrow from someone since you did not had enough resources? At times it’s not about you. There may be other people in your life for e.g. your friends, relatives, colleagues; neighbors’ who have faced a similar problem and you have no choice but to simply sympathize with them since you too are in the same boat.
You can always borrow loans from banks, but banks charge very high interest rates for the amount of loan you have taken. It may happen you will end up paying even more than borrowing and this will further deepen your problem of raising funds. It is at such times the concept of ‘fund-raising’ comes to your rescue. You help yourself and in turn you help the others.
So how does this exactly work out? You will always say that it’s difficult enough to pool in resources for your own wants, how can we be helping others who have similar problems like us? But this is a different sort of borrowing unlike the ones which happens through banks or other lending agencies. It will not just help you raise the capital for your goals but also introduce you with like-minded people and built a social network where you can interact with people.
So start building your network today through this and in turn earn cash which will make you inch towards your goals.