Types of Crowdfunding That Works For You
The two most common uses of the word are for start-up businesses aiming to launch a product or service, and for individuals who have endured a disaster. Thanks to crowdfunding platforms , many people who have been affected by a natural disaster, a large medical bill, or another tragic event like a house fire have gotten financial assistance that they would not have had otherwise. Some crowdfunding platforms, such as Patreon and Substack , have expanded the scope of crowdfunding in recent years to provide a method for creative people—artists, writers, musicians, and podcasters—to continue their creative labor by getting a constant stream of revenue. Reward Crowdfunding Reward crowdfunding allows investors to invest in your business in exchange for non-monetary rewards. This form of funding is frequently employed for artistic endeavors. It's usually a tired system: the more money an investor puts into your fund, the bigger the profit they'll get (eg credits on a reco