My gratitude to you Karin!
I am only seeking funding from those who see the value of our value proposition.
Yes we can return 18-20 times an investment, but our team/tribe wants an investor who truly values our proposition and wants to be active in the project.
Thanks so much Karin for reaching out!
over the last few years you might have heard about the potential of crowdfunding as a funding source to support innovative ideas, entrepreneurs, start-ups, and meaningful projects. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together.
- To understand how crowdfunding works, please check the following articles:
- Advantages: Crowdfunding does not only create a supportive community of backers behind your idea, but your business or product will like get more media exposure, press, PR, and blog coverage when you crowdfund your idea. It also a good way to test your idea on potential consumers before you invest your time and money.
Raising crowd-funded money needs a well-thought out crowdfunding campaign.
- There are plenty of tips online as in how to do it – just browse. One example is Wikihow – Crowdfund. Also I find these 10 Secrets of Highly Successful Crowdfunding Campaigns, Crowdfunding headlines’ 10 Tips for launching a successful campaign in 2017 as well as the CRUNCH NETWORK’s 2017 crowdfunding guide (Feb 2017) well-compiled.
- There are many crowdfunding platforms, so you need to find one that is suitable to your needs. Kick-starter, Indiegogo, CircleUps are among the most popular ones (see the Investopedia overview of the Top 3 Crowdfunding Platforms in 2017 (Nov 2017).
Specifically in the tourism sector, perhaps get inspired by what TravelStarter offers, which is a start-up and global crowdfunding platform for the tourism industry. It enables travellers to support local projects at their next destination and receive “travel perks” (like a free place to stay or free professional photographs of their trip) in exchange. It creates local and meaningful encounters, and supports sustainable and responsible businesses directly, where you travel.
>> This article provides insights into TravelStarter’s business model and market size, but is already 2.5 years old (May 2014)…. So perhaps someone in the community has more up-to-date info on that.
To what extent is the above helpful to you and the initiative? Or to others in the community?
What are other forms of funding which could support John’s fundraising?