Crowdfunding can be a great option for businesses that are looking to cover start-up costs and get off the ground. Crowdfunding allows a lot of people who know you to come together to help you raise the money that you need to start your business by simply donating what they can afford or wish to donate.
Even if you are only able to get people to make small donations, if you get lots of them, it will add up to the capital that you need. Whether you are seeking to grow an existing business or looking to get a startup off the ground, crowdfunding can be a great way to help improve your business’s finances.
What’s the best part? You don’t owe money back when you crowdfund rather than taking out a loan from a traditional lender.
The following are some platforms that use crowdfunding to help your business expand or get your start-up off the ground:
- Anchor: Anchor helps you fund your project of any size, whether it’s related to pursuing a new career, making a new film, or starting a new business. Whatever your dream is, Anchor is there to make your dream a real possibility. They have helped raise over $200 million for over 200 products to date and that number is growing every day.
- Drip: This collaboration platform allows you to work with others on creative ideas that help make social, cultural, scientific, educational, or other types of changes to make the world a better place. You can finance through two rounds, one has a mandatory minimum that must be raised and the other one is a choice amount that you can decide how much more you want to raise.
- Snowball: Snowball is a platform that helps medium-sized companies raise money to boost their businesses and their projects. Places like La Borra del Café have emerged thanks to the funding Snowball gave them to help them expand and boost their business.
- PlayBusiness: This platform specializes in crowdfunding for franchises that have raised money for businesses with only a fraction of the investment made on the investor’s part.
- Idea Me: Idea Me is primarily based in Latin America and has a huge presence in places like Mexico. They have helped projects raised from little as $300 up to as much as $65,000 for a business that was using this site to crowdfund.
- Kickstarter: Kickstarter is infamously used in places like the US to Kickstart projects like movies, video games, or music fundraising programs. To date, the site has helped raise more than $1 billion to fund 66,000 projects. Over 6.7 million people have contributed to help these businesses and ideas become reality.
- Donor: Donor is a crowdfunding branch of Fondeadora most popular in Mexico, which helps businesses with donations through various platforms like credit cards, PayPal, etc.
These crowdfunding sites are some great ways to help new businesses and ideas take off. They can get the money they need without taking loans and going into debt. Crowdfunding takes a little bit of money that people are willing to donate and magnifies it to help the business succeed.
For more information on how you can use crowdfunding to help your business grow, please feel free to contact us for further assistance. We look forward to helping you get your crowdfunding going to get your business started.