Crowdfunding is a financing method where you appeal to the public for small investments that can be used to fund your projects.
How’s crowdfunding different from other fundraisings?
It’s different from other types of fundraising, such as donations or grants. This is because it involves raising money from a large group of people rather than just a few people in one place.
Crowdfunding is also an easier way to earn money than taking a bank loan or venture capital. When you raise money through crowdfunding, you ask people for financial support.
And successful campaigns can result in as much as $100,000+ pledged by thousands of people.