9 Things to Know About Crowdfunding

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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.


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
#crowdfunding #things
  • Profile picture of the author Ealiche1967
    great information. I think in the start we should have good plan and strategy and we should know what exactly what you are going to do.
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  • Profile picture of the author dhru2010
    yeah. the provided information was very useful. but i want to add something regarding to crowd funding failing. crowd funding was fail because of the some of planing and strategy was not implemented properly. if your planning and strategy was implementing properly so the your goal is near to you
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  • Profile picture of the author sunilsss
    Thank you for this thread...

    I think i found out one more in recent days for opting a crowdfunding campaign.

    As there is lot method for raising money from various sorts of needs - Crowd Funding has now become the most popular in now a days than ever in past. If we scratch back in our spent-ed time we will wonder, how that would have started...? Anyone would be in need of money for his near and dear ones and all would have contributed little together to fulfill all his requirement. Now a days we have an online platforms, where we can get other people help for the fund as a donor or investor. Things you need to keep in mind before opting for crowdfunding
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  • Profile picture of the author Hellome12
    For sure your planning is so important because one wrong move can make everything not go as planned. Just basically map it out when you do it list every detail update people and everything. Don't do those paid packages that promises you'll get donations they are a waste of time.
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