You sitting at your desk at this moment with a very innovative idea but not enough money to start your own business?
Maybe crowdfunding is just the right thing for you.
This is when lots of people invest a little money in a start-up business, which is where the name crowdfunding come from.
You put a profile of your idea on the internet and after they read it and thought about it, people decide if they want to invest.
A few months ago a friend of mine needed money to launch the film he makes.
At the time he worked part-time as a teacher but he hadn't earned enough for his film project.
He had found it hard to get big investors but then he had heard about crowdfunding.
He described his business plan and offered people free cinema tickets if they invested.
He was so successful that he does it again for his next film.
It is thought that the first crowdfunding project was for a rock band in 1997.
The fans gave ,000 so that the band canned go on tour.
In the last few years, because more and more people started using the internet, crowdfunding became a good alternative for more potential business people.
October 2015
67% GOOD (3 votes) 