One of the greatest challenges that an entrepreneur faces is finding a source of capital for a new venture. Many good business ideas have gone to waste due to lack of capital – both seed capital for building a prototype as well as operating capital as the business starts to grow. Crowd Funding is a relatively new means of raising funds via small pledges from a large number of supporters derived from social networks.

Raising capital through crowdfunding has a track record of success and has helped bring many good ideas to market with resulting financial success. Entrepreneurial groups and business leaders have touted the benefits of this funding method as momentum builds and its popularity increases. Crowdfunding takes advantage of the tremendous growth in online social networks where hundreds or even thousands of supporters can pledge donations for projects in which they truly “believe”. Many times simple rewards are offered to supporters.

Many types of businesses have taken advantage of this style of fundraising including TV dramas and music producers who have appealed for support to run their productions. Recording and marketing of music can be much easier with this fundraising method. It allows musicians to take on the tasks of record labels and market their music using this fundraising strategy.

Other creative works like blogging and writing can also benefit from this kind of funding. Several how-to guides have been written and are available online for access by those who wish to establish businesses financed by Crowd Funding. These guides give useful bits of advice that will help you raise enough capital.

When an entrepreneur has an innovative idea it is often well beyond the risk profile of standard bank funding. Access to crowdfunding resources presents the entrepreneur with a workable alternative funding source which has not always been available to small businesses. This type of funding process can be applied to a broad range of product and business ideas giving even the most obscure entrepreneurs a much greater chance of success.

While crowdfunding has seen growing success in music, film and TV, it has not found its way into technical innovation or research. There has been a complete lack of a platform for application of this funding strategy to technology, scientific and engineering ideas. Recently a new source has been developed which is devoted specifically for application of this funding method to technology. FundaGeek.com is a crowdfunding platform focused on technical innovation and research.

FundaGeek is the first Crowd Funding platform expressly for technical innovation and basic research – catering to developers of exciting technology-based products and services as well as researchers at universities and research institutions in diverse fields within the physical and life sciences. Having a platform that focuses specifically on these critical areas means that bright ideas will have a place to flourish among like-minded and passionate groups of supporters.

Learn the details and information that will help you to finance your next project with Crowdfunding. You can learn the simple steps and methods to get project funding quickly and easily now!

Are you pressed for a good school fundraising idea?

Doing what hasn’t been done is not always a walk in the park. But if you want to stand out and not organize yet another special fundraising event or catalog-style fundraiser, there is no shortage of school fundraising ideas that can be considered “out of the box.”

These often end up overwhelming your supporters with multiple fund raising products that aren’t everyday items for most people.

This is the second in a series of different three school fundraising ideas.

You need not worry, as any fundraising team can huddle together and come up with a plan to implement these ideas easily.

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School Fundraising Ideas: Pizza Card

What makes a pizza card so unusual among other ideas bandied around for fundraising?

Simple – a pizza card is a discount card that is used at national pizza chains, with offers related to only one merchant. It often provides a two-for-one offer on every order and is tends to be priced at $10 for a card good for a one-year period.

There are also different offers that can be pitched to consumers, depending on whether it encompasses one store alone or a collection of stores in a certain city or town. Pizza Hut cards, in particular, are best for customers who eat in, while other cards would be more geared towards those who have their food delivered or to-go.

Another reason why pizza cards as school fundraising ideas is perfect would be the worldwide popularity of pizza as a “kids’ food”, though that’s not to say we adults don’t enjoy one of the Ninja Turtles’ favorites once in a while.

For the cards offered by Pizza Hut and a few other major chains, there would be a limit to how often you can use the card, which would normally be 21 uses. Still, for just $10, that IS a lot of pizza! Moving on, usage would normally be monitored by punching or stamping the card on selected marked areas.

Not all offers are alike, as mentioned, and some would give you a different size free pizza instead of one in the same size pizza as the one you bought. When you think about it, that works well for most adults because they usually want a different set of toppings than what their children enjoy.

Like most other discount cards, you can obtain a pizza card through suppliers. Most offer the same set of national chains and prices can vary widely, so it pays to shop around.

In summation, your team should definitely mull pizza cards for the next school fundraiser.

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Traditional forms of new venture financing have all but dried up today. Due to economic conditions, banks are wary of extending credit to potentially risky new business plans, forcing entrepreneurs to seek backing from other sources. Crowd funding is a proven method of raising enough start-up money to help make new ventures become reality.

While not new, this method has become more practical since the introduction of the Internet. Getting specific ideas, products or plans to the right people has always been a complicated task, but today’s digital network, and the social media it supports, can instantly target the appropriate groups with information and access to new ideas.

This method of developing financial support unites current and potential backers of new projects in a variety of areas, from business start-ups to the arts. The system focuses on those people with common areas of interest, and publishes an individual pitch or business plan. Concrete goals for fundraising are established, often with a deadline.

Crowd funding utilizes tools such as social networks for bringing your idea to many people at one time. This is an excellent way to find financing when the economy is down. In fact, in many cases, it may be the only chance for bringing your special idea or project to market.

As the World Wide Web and social media continue to grow, more opportunities spring up. A single idea can start with a few people and in a short time can go viral and reach thousands. This can help you meet your goal quickly.

One of the best ways to finance your invention or research is with the all or nothing philosophy of crowd funding. You have no risk of partial financing resulting in only partial completion of projects. You also get a chance to see if your idea is worthwhile. Crowd funding is advantageous to the project owner and their backers, as money does not change hands unless financial goals are reached.

A particularly innovative approach to funding for research is found at FundaGeek.com. Unlike other financing for other projects, funding for research is distributed even if the funding goal is not met. This allows researchers to begin their projects and then return for additional funding when their preliminary results may make their project more attractive. 

First-time entrepreneurs, you can find details about the benefits of crowdfunding and information about a reliable crowd funding company on our website, now.