Crowdfunding For Women And Why Its Important

Posted by Hadraj Youssef On Monday, April 27, 2015 0 Comments
By Alta Alexander


Crowdfunding is a rather new concept. Crowdfunding for women is one way to raise money for a number of different type projects. As such, each and every woman whomever wanted to become an entrepreneur may want to check out these new opportunities. While there are multiple websites associated with the process directed only at supporting women based start-ups, some are better than others.

Unless all individuals associated with a campaign understand the process, success may be quite limited. Generally, individuals can post a plan to establish a product or service which needs financial support. Once posted, others interested in supporting the project then donate an unspecified amount of money through a secure networked website.

One of these websites is that of Pine Alley. It is also one of the best and most used of these women oriented sites. Although, there are others which offer the same opportunities, this particular site has already seen great success with campaigns which have come to fruition in a short amount of time.

In some cases, men may support these campaigns. Whereas, there are also sites which are totally dedicated to projects which are created and funded by women. A rather large network of which is now forming around the world to support one another over the course of a campaign and well into the completion phase.

Whether a dedicated site or one which allows posting and funding by all genders, most offer a clear plan. A plan generally includes step by step instructions from start up through completion of a campaign. A campaign is considered complete once it has been funded and the product or service has been made readily available to the public.

Most are happy to share this information as all such sites tend to benefit financially, especially when users post positive reviews. As such, most tend to offer the best tools, tips and tricks possible to set up a successful plan which will result in the product or service finding its way to market. Although, it is also important that all involved have the necessary knowledge and skill base to set up, manage, develop and distribute information in a way that is clear and concise.

Otherwise, the campaign or project while possibly obtaining funding may hit a roadblock. If this happens, then most often all monies obtained up to that point and time must be returned to each provider. Although, while most sites require this to be the case, there are a few which will allow the monies to stay in escrow while the individual obtains the necessary knowledge to complete a project.

For those who are not internet savvy and wish to look towards more traditional funding, the option of seeking traditional funding still remains. Although, individuals may want to look toward shows like Shark Tank, or a private investor rather than going through a bank or credit union. For one thing, the interest and percentage of applicable fees is much greater with banks and credit unions than with private individuals or opportunities which allow the individual to share a percentage of the business rather than impose interest over time.




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