How to Get Rich in 2013 and Beyond

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In April of 2012, President Obama authorized the JOBS Act. (Jumpstart Our Business Startups.)

The Act has several provisions, but one of the main goals is to change existing financial rules restricting private equity investing as well as those related to crowdfunding sites.
https://en.wikipedia.org/wiki/Jumpst...s_Startups_Act

Many of these rules were enacted in the 1930s to protect consumers from getting scammed.

However, these same rules are preventing modern day private equity investors from taking advantage of developments like high-speed Internet access, cloud computing and social media--changes that the rest of the financial world has incorporated.

For example, currently you must be an "accredited investor" to be able to invest in most private equity and venture fund opportunities. The income and net worth requirements to become accredited are out of the reach of 80% of Americans.

The Act modifies these restrictions.

Also, at this time US law prevents crowdfunding portals and sites from offering full crowdfunding services for equity investments as they do for reward and charity crowdfunding (the most common types).
The JOBS Act: What Startups and Small Businesses Need to Know [Infographic] - Forbes

Three of the main Titles of the Act were effective immediately (Titles I, V and VI).

Three others (Titles II, III and IV) are waiting on SEC approval which should come later this year. Once that happens, it will be much easier for entrepreneurs and small business owners to get funding from private equity and online investment crowdfunding sites.

How much dough are we taking about?

A research outfit named Massolution said the total crowdfunding market (mostly rewards crowdfunding but it gives us a starting point) raised around $2.7 billion last year, with that number expected to grow to over $5 billion in 2013.
Industry Report | Massolution

I believe these changes open up many opportunities for copywriters.

It's not exactly the same as a sales letter. But if you've ever read any crowdfunding offers, most of them need lots of work from a good copywriter. I've helped several entreprenuers write their crowdfunding pitches. It relies a lot on storytelling and community building, the same tactics good internet marketers use.

I also think these rule changes create more opportunities to become a profit partner.

Structure a deal where you handle marketing strategy and copywriting for a piece of the action, similar to what Clayton did here:
Six Figures is Chump Change | MakepeaceTotalPackage.com

It's an exciting change with evolving opportunities--you could even create your own slot.

Maybe approach one of the new equity crowdfunding sites and offer to help the listers with copywriting for a percentage of total sales. When the SEC approvals come down, millions will be invested quickly and you'll be in position.
Top 10 Crowdfunding Sites For Fundraising - Forbes

Some ideas will work, some won't. Many crowdfunding campaigns are big stinkers.

And equity crowdfunding is a totally new area (This iteration, anyway. You could say the Green Bay Packers have been at it awhile.)

Most important, it provides entrepreneurs and growth businesses much needed capital in the middle of a tepid economic recovery.

It promises to be a booming area and another way to get rich with your copywriting talent.

-Joe

P.S.
Here are examples of real businesses using crowdfunding:

Crowdfunding News and Tips More Businesses Use Crowdfunding To Finance New Products

https://www.nytimes.com/2013/01/06/b...lear-path.html
#2013 #cash #entrepreneurs #gobs #marketers #rich
  • Profile picture of the author Imre
    This has OPPORTUNITY written all over it. Do you suppose a good copywriter could get 5-10% of the money raise AND equity in the venture?

    Thanks for the GREAT idea !

    Imre
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