If you have a great business idea, but you are short on the funding you need to put everything together, a crowdfunding campaign could be just what you need to make your dream become a reality.

Here are a few examples of how business can use Crowdfunding to get their business off the ground:

Crowdfunding Business IdeasCapital for Product Manufacturing

When you have a great idea for a product, the chances are good that you are going to want to bring it to market as quickly as possible. To make sure that you have everything just right, there are a lot of aspects that must be addressed. Research and development, sourcing and selecting a manufacturer that can mass produce your product are key to getting your business off the ground quickly.

 

Capital for a ‘Bricks and Mortar’ Business

According to the Small Business Administration, in 2010 there were over 27 million small businesses in the United States. If you have been inspired to open up your own “bricks and mortar” business, Crowdfunding from your peers can help you cover the costs of a startup.

 

No matter whether you want to open a family bakery, a resale shop, a diner, a fitness studio, offer specialty foods, or start a service-based business, having some extra money behind your project makes this exciting time in your life a little less stressful.

The one thing that you can be sure of is that unexpected expenses will pop up here and there. If you have a reserve of cash on hand, you can use this bit of money to pay for operating costs such as business licenses, lease fees or the mortgage on the building, inventory, raw materials, furnishings and utility deposits.

 

Capital for Marketing

Once you have officially launched your small business, you will want to be sure that you have some extra crowdfunding money set aside to pay for marketing material and advertising campaigns. An investment in these types of promotional materials helps boost awareness about your product or service offerings and increase your overall sales.

 

Offer Your Backers Rewards for Their Support

Rewards-based Crowdfunding campaigns are well-suited for self-starters and entrepreneurs that need a bit of financial backing to get started. The Rewards you offer should directly tie into your product if possible.

For instance, if you are going to open a Yoga Studio, you can offer your supporters a free class for a $30 donation or four free classes with a donation of $120.

Ultimately, the choice on the Rewards you give back to your supporters is up to you. By offering these types of rewards, you are encouraging your friends, family and fans to support your small business cause.

 

Launch your Campaign Now!