Crowdfunding Sites for Causes

Crowdfunding 101 And Why You Should Use it For Your Next Product

Customers engaging with crowdfunding campaignYou can visit a crowdfunding campaign below:

Finally, crowdfunding is also now evolving into equity investment. Recent developments such as the JOBS act will make it possible for companies to raise money and actually give out equity in return. This is a huge because it rewards those early adopter with more than just products. They will also be able to share in the financial success of the companies that they back.

How can crowdfunding help my e-commerce business?

Hype around crowdfunded prodouctsNow that you know what crowdfunding is your next question is probably around how can it help your e-commerce business? Let’s go back to our previous example of the car accessory idea that you would like to create. Crowdfunding can give you the funds you required to develop the first 1000 units and get them in the hands of customers. In the past, you would have to create your product, create the first 1000 units out of your own money (or spent time raising money) and then find customers to buy them.

Crowdfunding can handle all those aspects through one single campaign. The second benefit that crowdfunding provides is the ability to connect with potential customers. The people who give you money will also become your customers and the people who tell other people about your awesome product.Pebble - raised million dollars They are also making the biggest commitment a customer can make: giving you actual money.

Finally, crowdfunding has helped certain products build hype around their launch Some of the stuff that gets funded through sites like Kickstarter and Indiegogo is unique and it spreads like wildfire across tech blogs and other news outlets. Getting this kind of promotion can be incredibly difficult and costly. Not only that but once you start receiving publicity, it helps you gain more backers for your products which causes even more promotion.Oculus Rift - raised .5 million dollars This is probably the closest thing to “going viral” that some product creators will experience.

What are some examples of successful crowdfunding campaigns?

Let’s take a look at some of the most popular crowdfunding campaings of all time. Perhaps you have seen some of these products and didn’t know they had their start during a crowdfunding campaign.

Ubuntu Edge Smartphone - raised $12 million dollars

Bitcoin oversupply of Thanksgiving turkeys

by what-to-do-Bitcoining

"The website Assassination Market, a crowdfunding service that lets anyone anonymously contribute Bitcoins towards a bounty on the head of any government official–a kind of Kickstarter for political assassinations. According to Assassination Market’s rules, if someone on its hit list is killed, any hitman who can prove he or she was responsible receives the collected funds.
"Sanjuro’s grisly ambitions go beyond raising the funds to bankroll a few political killings. He believes that if Assassination Market can persist and gain enough users, it will eventually enable the assassinations of enough politicians that no one would dare to hold office

CUSIP Global Services, WealthForge to Collaborate on Crowdfunding

— PR Newswire
NEW YORK, April 30, 2014 /PRNewswire/ -- CUSIP Global Services (CGS), a leading provider of unique security and entity identifiers and descriptive data that enable efficient global trading, and WealthForge, a licensed broker-dealer specializing in ..

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