Entrepreneurs, Crowdfunding Your NextGen Product Tests The Market And Reduces Your Overall Risks. Strategic Insights From An Expert

  • 📰 Forbes
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

This crowdfunding process also provides entrepreneurs with ‘no strings’ capital if they attain their fundraising goal.

Kickstarter, an early crowdfunding platform founded in 2009 has been successful to say the least. According to, between July 2012 and November 2022, the commutative value of funding pledges amounted to approximately $6.95 billion U.S. dollars. It offered emerging entrepreneurs an almost risk-free way to test the viability of their products before they actually had to build them. This funding process also provided entrepreneurs with ‘no strings’ capital if they attained their fundraising goal.

For one thing, you can now find other entrepreneurs who will actually help you be successful on these crowdfunding platforms by doing the market research and helping build your marketing campaigns. One of these companies isa crowdfunding marketing agency with more than $100 million in funded campaigns.

Recently, we had the opportunity to sit down with the founder and CEO of LaunchBoom, Mark Pecota who provided his perspective on crowdfunding today via his answers to our questions below.Crowdfunding is still a great way to reduces risk for product inventors/creators. In traditional product launches, you'd have to invest a huge amount of money into building your product inventory before you launch. But in crowdfunding, that investment can wait. All you need is a functional prototype.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This could be a great way for entrepreneurs to start off their first business ideas. UC_BUSI215

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Get ready, entrepreneurs: Workshops at HCC focus on business, financial literacy, funding opportunities and more for minority malesGet ready to soak up some important, valuable, and free knowledge from speakers at WeAreHCCS, entrepreneurs! hcc business kprc2 click2houston htx hounews
Source: KPRC2 - 🏆 80. / 68 Read more »

Anna Delvey to speak about ‘murky side of business’ at HarvardThe class description says it’ll delve into “ambitious entrepreneurs who misjudge their risks, and professional organizations led by scamsters.” Scamming expert. Whoa. She's really packed on the lbs since getting out of jail. Bruh wtf
Source: PageSix - 🏆 320. / 59 Read more »