Question

Give brief but well explained answers.

How can crowdfunding strategies be used to finance start-ups? What are the most popular crowdfunding sites? Name some successful campaigns that have fundraised on these sites. What are some mistakes that entrepreneurs should avoid, and how can they be prevented? Research a company that has used a crowdfunding website successfully.

Answer 1

here I am going to describe about what is crowd funding and how can crowdfunding strategies be used to finance startups along with some most popular crowdfunding sites and successful campaigns that have fundraise on these sites along with some mistakes that entrepreneur should avoid and how can they be prevented.

crowdfunding is an strategy tool which is used to raise money for the projects or the work. this money is raised by the ways of fund in which the funds are raised by large number of people in small quantities collectively called as crowd funding.

Crowdfunding strategies can be used to finance startup in a procedure form such as first we need to start with the plan as for the crowd funding to be done properly, then we have to compare the crowdfunding platform as to know what crowdfunding platform would be more beneficial for the project to be done, then we will need to be our visions into a story for the better communication. Deviation of the strategies that can be used for finance the startups.

Some of the successful campaigns that have fun race on these sites are :- EOS, starcitizen, filecoin, tezos etc.

Some of the most popular crowdfunding sites are :- Kickstarter, Indiegogo, gofundme and crowdrise etc.

There can be several mistakes that entrepreneur should a boy and they can be prevented in ways such as :-

There can be several mistakes that entrepreneur should a boy and they can be prevented in ways such as :-

1) SKIPPING MARKETING BEFORE THE LAUNCH.

prevention :- the best way to prevent the the above mistake is to do the the proper marketing with Full focus and concentration.

2) THINKING EVERYONE WILL LOVE YOUR IDEA.

prevention :- the above mistake can be prevented by the way of doing work and not thinking if anyone would like the idea or not the main thing to do is to focus on what work we are doing and not on others opinion.