9 Things to Know About Crowdfunding

Crowdfunding is a form of crowdsourcing and alternative finance that basically involves funding a project or venture by raising monetary contributions from a large number of people.

It allows entrepreneurs raise capital without giving up too much equity. It has over the years become an effective alternative for raising funds for business ideas. Jumia Travel, the leading online travel agency, shares 9 things entrepreneurs should know about crowdfunding to take full advantage of it.

Plan

It is difficult to plan a crowdfunding campaign because you don't know what to expect and can hardly predict the kind of reaction your campaign might get. Your campaign may or may not go viral but either way, you should be prepared to handle possible press attention and to respond to your growing community. You should be able to manage things immediately as they come up.

Choose the Right Platform

Spend time researching on the different internet-mediated registries or online platforms for crowdfunding, and choose the one that is right for you. Choose a site that fits your project and the industry you are in.

You can enjoy the full growth hack ideas below:

Crowdfunding Growth Hack Ideas : 9 Things to Know About Crowdfunding