Crowdfunding: The New Small Business Financing Tool
OK, you have a good idea, but you need the capital to get started. The bank is being tight-fisted and doesn’t want to loan you the money. Are you out of options?
It turns out, you aren’t out of options. There is a new wave of financing called “crowdsourcing”. You try to sell people on your idea and get them to back it online. That’s why I wrote “How to finance a startup business via crowdfunding”, available to read for free on Helium. An excerpt from it:
According to Mashable article “How to Crowdfund Your Next Big Idea”, it is not only a smart idea to crowdfund, but it is a replacement for the more traditional outdated model of research, development and marketing an idea when that idea may or may not catch on.