Crowdfunding is a unique concept of funding a project or a venture. Unlike the traditional avenues like financial institutions and banks, crowdfunding raises funds from people of a community or group who believe the cause and niche. Crowdfunding is not a new phenomenon; it has been around for centuries when authors and publishers used to raise subscription schemes. The book used to be written and published only when sufficient subscriptions had been raised.
Today, what is prevalent is radically different. In any start-up or new venture now, the promoter typically contributes about 25 to 40 percent of the project and starts work on it. Only after it has been stabilised and on track to do well is crowdfunding for the remaining amount resorted to.
Even though it does not sound complex, there is a lot more to crowd funding than what meets the eye. We at blog spot juxdit.com are committed to unravel the intricacies of crowd funding for the benefit of our readers who are interested to know more in details about the concept.
To this effect, we invite contributions from writers who are well versed on the subject. Topics can be anything – news, information, trivia or personal experiences – so long as it is related to the specific niche of crowdfunding.
However, for the benefit of first time bloggers interested in writing on crowdfunding, here are a few suggestions to get off the mark.
Start off with the history of the concept and trace its evolution to the modern era. Over time there has been a gradual transformation in the methodologies of crowdfunding and you can go into it in great detail. This will definitely be of great interest to visitors to our blog site.
Another aspect that bloggers can focus on is the strategies that go into creating a crowdfunding campaign. Raising capital through this process is not a hand-out for promoters of a project. They have to appeal to niche crowds for raising funds. Hence specific campaigns have to be devised based on email marketing, social media marketing or by involving the local media. Those who have experience in creating strategies for crowdfunding can share their skills and knowledge with our readers.
Finally, the crowdfunding concept is full of little anecdotes. An example will illustrate the point better. Few people know that when the USA Government failed to build a base for the Statue of Liberty in 1885, a newspaper led campaign attracted donations from around 160,000 donors.
Such nuggets of information are more than welcome and we encourage potential contributors to our site to focus on this angle too.