Over the last few years of an escalating number of art, comics, dance, design, fashion, film & video, and much more have been raising money for their projects via online ‘Crowdfunding platform’. Let’s say a film producer requires £20,000 to complete a project. By going to a Crowdfunding site, he or she can pitch the idea to tens of thousands of potential backers. Because the numbers of people involved are moderately large, enterprising filmmakers can raise the cash from hundreds of small pledges rather than a concentrated group of major investors. It’s the power of the crowd.
Often associated with projects, a Crowdfunding platform can also finance the instigate of a unique product or business venture. To work, your ideas you must appeal to a particular cause or passion, and there are no guarantees that you’ll get the money you request for your projects.
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