8List.ph
  • Lockdown Diaries
    • Updates
    • Good News
    • Life Under Quarantine
    • Humor
    • Health Tips
  • News
    • Opinion
    • People
  • Pop
    • Movies
    • Music
    • TV
    • Books
    • Theater
    • Showbiz
    • Geek
    • Sports
    • Retro
    • Weird
  • Life
    • Health
    • Nest
    • Life-Hacks
    • Food & Drink
    • Travel
    • Style
      • Beauty
      • Inspiration
      • Shop
      • OOTD
  • Videos
    • Filgood
    • Isabuhay Ang Panata
    • #8MinutesWith
    • Pagsubeks
    • 8list Plays
    • 8List Asks
    • 8List Explores
    • 8List Presents
    • 8secs
    • 88 Seconds
    • YOUth DECIDE
    • Str8 Up with Delamar
    • Toughest Job 2016
  • Comics
    • H8 Mondays
  • Breathe
  • #YOUthDECIDE
  • About
  • Sitemap
  • Advertise
  • Privacy
  • Archive
  • Bitesized.ph
  • Windowseat.ph

 

 

 

8List.ph is published by ID8, Inc.

Subscribe
8List.ph
8List.ph
  • Lockdown Diaries
    • Updates
    • Good News
    • Life Under Quarantine
    • Humor
    • Health Tips
  • News
    • Opinion
    • People
  • Pop
    • Movies
    • Music
    • TV
    • Books
    • Theater
    • Showbiz
    • Geek
    • Sports
    • Retro
    • Weird
  • Life
    • Health
    • Nest
    • Life-Hacks
    • Food & Drink
    • Travel
    • Style
      • Beauty
      • Inspiration
      • Shop
      • OOTD
  • Videos
    • Filgood
    • Isabuhay Ang Panata
    • #8MinutesWith
    • Pagsubeks
    • 8list Plays
    • 8List Asks
    • 8List Explores
    • 8List Presents
    • 8secs
    • 88 Seconds
    • YOUth DECIDE
    • Str8 Up with Delamar
    • Toughest Job 2016
  • Comics
    • H8 Mondays
  • Breathe
  • #YOUthDECIDE
  • Pop

8 Reasons Why Crowd Funding is Awesome

  • Posted on Jul 14, 2015
  • 0 minute read
  • Cattleya Mariano
Total
0
Shares
0
0
0

8 Reasons Why Crowd Funding is Awesome

crowdfunding_h
By now you’ve probably already heard of sites like Kickstarter, Indiegogo, and AngelList—communities where individuals or start up business can turn to for collaborative funding via the web, better known as crowdfunding. The crowdfunding industry has raised over USD2.7 billion in millions of campaigns worldwide, a number which is projected to grow to USD5.1 billion by the end of this year. Why are more and more people turning to crowdfunding to kick off their projects, business ventures, and products?

Here are just 8 reasons why crowdfunding is gaining speed and momentum as a great way to get the ball rolling:

8. Helps small businesses and projects get off the ground

crowdfunding (8)
CFS Main Poster

For aspiring artists, musicians, entrepreneurs  and even inventors who have no connections in certain industries, crowdfunding is a great way to get their idea to the right people and receive the financial support they need.

7. Free focus group

crowdfunding (8)
focus group

Because you present your idea to basically the entire internet, you get a free focus group wherein people can share their constructive criticism, helping you hone your product, project, or idea.

6. Broadens your network

crowdfunding (8)
TPP TINDIG

Crowdfunding helps people tap into certain communities while at the same time widening their audience and target market.

5. Pushes you to have a solid business plan

crowdfunding (8)
buss plan

Sometimes it’s easy to simply talk about a good idea but it’s difficult to get it off the ground. The crowdfunding community is a great reason to finally get your business plan on paper and make your goals a reality.

4. Forces you to think outside the (Facebook) box

crowdfunding (8)
outside boxBecause the concept of crowdfunding (on the internet, at least) is still relatively young, individuals and small start ups are forced to think of marketing strategies outside of social media outlets like Facebook and Instagram, resulting in fresh and innovative campaigns.

3. Crowdsourced business assistance

crowdfunding (8)
crowd buss assistance

For those with little experience with business or with certain aspects of it, the crowdfunding community is a great way to get in touch with people whose exact specializations are your business’ weakspots. It’s crowd-sourcing certain aspects of your idea, helping nurse it into the best possible thing it can be. A multitude of voices and opinions is always a good thing to have when starting out, as it helps you see your concept from all perspectives, identifying it’s weak spots and strengths.

2. Supporting local

crowdfunding (8)
TPP HOMEGROWN

There are two main models for crowdfunding: donation-based, where funders donate via a collaborative goal in return for the product or certain rewards, and investment crowdfunding, where the funders are given ownership stakes in the form of equity or debt, allowing them potential financial return. Some crowdfunding efforts are focused on localization, giving small community businesses and artists the boost they need to become visible in a highly globalized market and culture.

1. It’s a lot of fun

crowdfunding (8)
IMELDA 1

All that said, crowdfunding can also be a lot of fun. You get to meet new people, collaborate on creative projects, expose yourself to other bright ideas (and the people who have them), and reaffirm the potential of your own project. The Polaris Project, for one, is launching the first installment of The Crowdfunding Sessions, a series of gigs featuring local, independent bands intended to raise funds for the self-production of their own albums.

 

 

Catch the first Crowdfunding Session on Thursday, July 16 at Mow’s Bar featuring local rock band Imelda, alongside The Squibs, Yurei and The Oemons. Door charge is P200. Catch you there!


Total
0
Shares
0
0
0
Cattleya Mariano


Previous Article
  • Health
  • Life

8 Quotes to Help Get You Through

  • Posted on Jul 14, 2015Jul 23, 2015
  • Lady Santelices (Illustration)
View Post
Next Article
  • Pop

8 Pet Peeves of a (Non Top40) Manila DJ

  • Posted on Jul 15, 2015Apr 8, 2021
  • George Winston, Jr.
View Post
You May Also Like
View Post
  • Pop

Netizens Welcome the UAAP Cheerdance Competition Back With Memes

  • Posted on May 23, 2022
  • Meryl Medel
View Post
  • Pop

Netizens Are Enjoying Keeping Up With the Robredos’ New York Trip Through Instagram Stories

  • Posted on May 17, 2022
  • Meryl Medel
View Post
  • Pop

If 8 Celebrity Endorsers Ended Up As Cabinet Members

  • Posted on May 17, 2022May 17, 2022
  • Tim Henares
View Post
  • Pop

This New Podcast Takes Deep Dives Into the Local Troll Farm Industry and It’s Seriously Disturbing

  • Posted on May 17, 2022
  • Kyzia Maramara
View Post
  • Pop

‘Pass, Walang Red Flag’: Netizens Give Reasons Why They Don’t Want Vico Sotto for President

  • Posted on May 16, 2022May 16, 2022
  • Kyzia Maramara
View Post
  • Pop

8 Most Unlikely Places Where Supporters of Leni Robredo Have Campaigned

  • Posted on May 6, 2022
  • Meryl Medel
View Post
  • Pop

These Filipino-Am Students’ Modernized Tinikling Dance Gets Lil Nas X’s Attention

  • Posted on May 3, 2022May 3, 2022
  • Meryl Medel
View Post
  • Pop

‘Demon Slayer,’ ‘Spirited Away’: Somebody Give DOTr’s Social Media Team a Raise

  • Posted on May 3, 2022May 3, 2022
  • Kyzia Maramara

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the l8est delivered right to your inbox.

8List.ph
  • About
  • Sitemap
  • Advertise
  • Privacy
  • Archive
  • Bitesized.ph
  • Windowseat.ph
Your daily dose of entertaining, useful and informative lists.

Input your search keywords and press Enter.