Analyzing Crowdfunding’s Relevance and Importance

BUS 237 - Group 6 - Crowdfunding

It’s important to understand how crowdfunding may become a crucial component of business in the future. As it stands, there have been some tremendous successes for crowdfunded projects. What these successes have shown is that crowdfunding is a way that allows small businesses to take flight, unique ideas to find investments, and seemingly “niche” products to show how wide the market really is. It provides access to capital, essentially allowing start-ups to bloom without accumulating debt. Because crowdfunding directly approaches consumers, asking them up front for their time and money, it allows business owners to assess the potential popularity of products. Likewise, if the base concept is enticing enough, there is no easier field for spreading information than the Internet. Your product, or concept, may just start the next Internet wildfire, and it will be the public that does that for you–free of charge. A final crucial advantage of…

View original post 246 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s