What is Crowdfunding?
Crowdfunding is the use of supporters or a crowd to finance a project, event, or initiative. Crowdfunding connects with social networks like twitter, and facebook to draw in funds for fundraising efforts.
Types of Crowdfunding models
Donation based crowdfunding is the most popular type of crowdfunding. Donation based crowdfunding is when a group of supporters help to fund a project with online donations. Another popular type of crowdfunding is equity crowdfunding. This particular model deals with companies giving away equity in their business for financial backing.
who invented Crowdfunding
Earliest recorded use of the word "crowdfunding" was by Michael Sullivan infundavlog in August 2006.
1.) Have an idea? Start a fundraiser
Do you have an idea, cause, or event that you need money for? Maybe you need money for your creative project, medical bills, music album, book, business, vacation, app, film, event, education, art, and more. If you have an idea you can start a fundraiser to raise money.
2.) Be Creative
Putting a lot of time and effort into creating your fundraiser is very important. Being creative will get others inspired. It's important when creating your fundraiser that you have a great title, description, and photos. Your title should be exciting and summarize what your fundraiser is all about. When writing a description for a fundraiser think about when you're reading a book and what you like to read. Your description should be like your favorite book. It should tell a compelling story about why you're raising money, what you'll use the money for, and why you're in need of help.
THE REST OF THE INFO IS AT http://www.rallyhero.com/crowdfunding/
