Yes, there is no doubt!
The evidence of Kickstarter’s success has helped the business world in learning and understanding how effective and easy it is to raise money through small contributions from a large number of people. Ever since the popularity of crowdfunding continues to skyrocket, many small businesses and start-ups are taking advantage of the various trends that keep emerging from this segment in the recent years.
Crowdfunding will continue its status as a popular funding choice
Earlier crowdfunding was considered a novelty and was rare and exceptional. People preferred more traditional methods such as bank loans, venture capitals and borrowing money from lenders. However, these days announcing your campaign is very common as other options. In fact, last year Forbes reported that crowdfunding is expected to surpass venture capital as favorable means of financing.
Non-profit organizations will benefit more
While businesses in any segments can use the crowdfunding concept, it’s the non-profit segment that will particularly benefit from the growth of this financing method. According to Bill Clerico, CEO and Co-founder of WePay “Charities are seeing a twofold benefit from Crowdfunding”. He added “Firstly it’s proven to be an extremely efficient way to solicit and manage donations compared with other methods. Secondly, the additional social and viral potentials of Crowdfunding campaigns can give smaller charities a cost-effective method to promote awareness of their cause.
Recommended reading,
https://www.agriya.com/blog/crowdfundin ... rtunities/
