Today’s digital world has made it easier than ever to raise capital online. Of those online capital-raising methods, one of today’s most popular methods has become crowdfunding. With the explosive growth of this online money-raising method, crowdfunding platforms are now one of the most popular ways to get money in this digital age.

What Is Crowdfunding?

The definition of crowdfunding is funding a project or venture by raising money from a large number of people. Crowdfunding sites have grown popular with their ability to offer both rewards-based (where contributors receive a one-of-a-kind item, like a t-shirt or copy of the final product) and equity-based (where contributors receive partial ownership in the project) crowdfunding.

Crowdfunding for Businesses

Does your business have a great idea but not the cash needed to get it going? 

Is there a need in your community that you want to fill with an innovative new product or service? 

Do you want to expand your existing business but don’t have the funds for marketing? 

Do you need to get some funding before going into production on your new product line?

If so, then crowdfunding may be the answer to your prayers. Here are 10 great websites where small businesses can find success:

  • Kickstarter
  • Indiegogo
  • Crowdfunder
  • Crowd Supply
  • Chuffed
  • Experiment
  • Patreon
  • Fundable
  • SeedInvest
  • Fundly

How to Choose the Right Crowdfunding Site

Make sure that you check out the specifics of the site you choose. Some sites will allow you to choose the type of funding you are looking for, while others will not. Make sure that each site provides the information needed to get your project up and running.

Make sure to check out the fee structure. Enterprise-level projects will likely have higher fees, but you should still find something within your budget. Make sure that the site posts a success rate so that you can gauge how well-funded other businesses such as yours were able to be.

If you choose to go the crowdfunding route, make sure that you choose your platform wisely. If you can work with a marketing expert who has successful crowdfunding experience, that will be another asset in getting the campaign off to a great start.