CROWDFUNDING

As a start-up online business without capital the opportunity exists to research and implement new creative ways to attain monies. Any start up business can find crowd funding sources. Crowd funding is an available resource where people help each other out, usually via a website, and contribute money to specific projects. Small business financing through crowd funding is becoming very popular for start-ups, which bankers usually won’t even consider. Crowd funding also eliminates the need for pitching a business to professional investors who potentially acquire the rights to your product. This is counterproductive to the idea of being in control of your own administration. In return, a business can barter with those who donate, for example, by providing them with the use of your service for whatever time/project is decided. Crowd funding is a modern word for bartering and cooperation, or co-ops, which have been in place for centuries and utilized before there was printed money. Crowd funding websites include” Kickstarter, 33Needs, Appbacker, ChipIn, CoFundos, IndieGoGo, Buzzbnk, InventionBuy.com, FunderThunder, and many others. Each site focuses on particular areas. An Entrepreneur considering crowd funding should do research to determine the guidelines of their particular business and whether or not the site is a good match for their business.

(http://www.practicalecommerce.com/articles/2853-13-Crowdfunding-Websites-to-Fund-Your-Business)