Reason Why Crowdfunding is Ideal for Small or Medium Level Businesses

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Reason Why Crowdfunding is Ideal for Small or
Medium Level Businesses
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• Crowdfunding is considered the most effective
  fundraising approach in this millennial era.
• Today, figures say, a total of 34 billion has
  already been raised so far through crowdfunding
  campaigns.
• This document particularly focuses on effective
  crowdfunding strategies that facilitate your
  efforts to get enough funds and to take your
  business off the grid.

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Flexible Payback Terms

• The lack of easiness and flexibility in terms and
  procedures make it extremely hard for small and
  medium-level businesses to achieve their target
  fund.
• when it comes to banks, the interests have to be
  paid off, the processing fees will be included as
  well. Also, the application process will take up
  to 3 months

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• Also, the application process will take up to 3
  months, which isnt acceptable for any
  progressive business scenarios.
• In individual crowdfunding platforms lenders take
  a small percentage of funds raised as procession
  fees, and the application process duration is
  solely based on how long you want to run the
  campaign

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Helps Manage the Campaigns Better

• The concept of fundraising is as old as the
  history of trading. And when you decide on the
  form of borrowing, you must have a clear
  knowledge of the requirements of your business.
• The main disadvantage of relying on traditional
  banks for fundraising is that you have to pay
  back the debt with interest over time.

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• While the crowdfunding way is much more flexible,
  also give you choices to organize your campaign
  either as equity or debt investment campaign.
• In an equity crowdfunding campaign, you can sell
  some of your ownership in the company to acquire
  funds
• Also, you can offer some kind of rewards to the
  donors, which can be the product itself if needed.

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Effective Marketing have an Influence on the
Outcome

• Traditional bank loans are not the easiest way to
  raise funds, the bank asks for your business
  plans to understand the source of your revenue to
  make sure how you are going to repay the debt.
• However, the way crowdfunding software work is
  entirely different.

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• Crowdfunding platforms often refuse the funds
  raised, if the business fails to achieve its
  target. And this why marketing is considered a
  crucial aspect in crowdfunding campaigns.
• In fact, the success of your idea is your
  responsibility and marketing can help your
  efforts to reach those who are interested in your
  plan.

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Improved Investor Relations

• Even though crowdfunding is known effective,
  there are alternate ways in which you can raise
  the money you need.
• One can approach various individual investors and
  share their idea to convince them to fund the
  concept. However, to manage these multiple
  investors isnt as easy as it seems.
• An equity crowdfunding platform combines the
  funds into a single investment, making the
  reporting requirements easier to handle.

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Want to Kickstart a Crowdfunding Business? Engage
Agriya

• Even though we have shared the potential benefits
  of crowdfunding for small businesses, the
  possibilities of the same as a business are huge
  as well.
• Since the major concern in any crowdfunding
  business is developing a software platform, it is
  significant to find the right technology partner
  to support you.

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• Agriya has been in the software business picture
  for 2 decades and has extensive experience and
  grasp in this particular development scenario.
• When it comes to crowdfunding businesses, Agriya
  has lately introduced a comprehensive ready-made
  solution, a full-fledged Lending and Borrowing
  software to support millennial crowdfunding
  businesses.

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• Agriya
• For more information, Visit our website
  www.agriya.com