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6 Positive Things That Came with Crowdfunding

6 Positive Things That Came with Crowdfunding

Crowdfunding is a recently adopted investment concept that creates great opportunities for numerous companies around the world. The rise in popularity occurred back in 2009, with the development of the Kickstarter website. The website made it possible for people to raise money for their awesome ideas on all kinds of services and products.

People are able to see what the project is in complete detail, before giving money to the cause. Back in 2012 the government realized the investment crowdfunding potential and enacted the JOBS act, to make the whole crowdfunding process easier for everybody. The crowdfunding trend created numerous other positive trends in the world of business.

A variety of capital acquisition options

In the past, any company that wanted to grow their business in a shorter period of time had to look for accredited investors and depend on their good will, whether they personally found the idea good and whether they thought it was profitable or not. This made the whole company growth process even more complicated, and many creative and incredible ideas went on to become nothing due to the impossibility of find the right funding.

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With the expansion of crowdfunding platforms, people who want to start a small or big business, have a lot more options open to them. It is now possible to raise money from a much higher number of people. The success lies in the fact that people are not donating for free, but for a reward. This reward-based investment brought many new companies into existence, making it an awesome way of collecting funds from the crowd.

Lower risks

Creating and running a company is quite a challenging task. No matter how well you predict the financial expenses, there are always some things that require more funds, making the whole venture riskier. At some point people have to rely on a loan, which further increases risks. The investors ask for equity in the company, which can complicate things as the company grows and affect the ideas of the company’s initial creator.

All of these risks can now be avoided with reward-based crowdfunding, as all these problems are automatically solved. It is possible to make precise costs and ask for a little bit more just in case, to cover unexpected expenses. The options are endless. There is no loan taking procedure and, most importantly, the owner of the idea and the company doesn’t lose any equity in his or her company, making it go in a safe direction without the interference of other people.

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It is a great marketing campaign

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    Crowdfunding platforms are very popular and are visited by millions of people due to a wide variety of interesting ideas. This much organic traffic is very important when someone is starting a company and there are even brands that realize the marketing potential of crowdfunding platforms. The initial boost can not only increase the amount of funds, but also incredibly improve brand awareness. Additionally, numerous online blogs follow these websites and love to spread the word about interesting concepts, which can additionally drive more traffic to your campaign. This is a perfect way that enables businesses to attract loyal customers from the very moment the company is founded. The internet is a wonderful place where information travels fast, which is why these platforms create incredible results.

    The crowd’s idea support

    Just as all ideas in the world have flaws, so do the campaigns presented on crowdfunding platforms. This makes these platforms even more important, as a vast number of people involved in a campaign can share their opinions and ideas that are important for the whole campaign. This kind of free advice is very hard to get and it can be very effective.

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    Various solutions to problems an entrepreneur couldn’t foresee can be presented among the ideas coming from the crowd. This kind of help is something you cannot lean on, even if you have an incredible team of several people, as more minds working together can always create the most optimal solution to any type of problem.

    It is simply easier than the old funding ways

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      Applying for a loan is a procedure which most businesses have to go through, but the whole process is quite long and preparing all the paperwork is long and tiresome. Additionally, finding an “angel” investor is practically impossible without putting immense effort into it. This is where crowdfunding offers incredible improvement, as registering on any crowdfunding platform is a much easier and faster process. Once registered, all a company needs is an attractive promotional video, and detailed instructions for all the interested visitors.

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      Incredible growth of ideas

      All the crowdfunding possibilities have made people want to pursue their ideas. The crowdfunding platforms also present a perfect funnel for interesting ideas. Every fruitful idea will easily become recognized by the crowd, turning it into a success story. This is very motivating for numerous people around the world, as these platforms are there to give a chance to anyone from around the globe. With the right idea, impossible is nothing.

      These are only some of the positive things associated with the crowdfunding trend. We can sit and watch further growth of investment crowdfunding. The most important things is that now, anyone with a great plan and a good idea has much better chances of reaching the sky. Crowdfunding is probably the best possible thing that happened to the business world and the whole world in general.

      Featured photo credit: Ed Gregory via pexels.com

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      Djordje Todorovic

      Blogger, Gamer Extraordinaire

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      Last Updated on August 7, 2018

      How to Make Money with a Blog (According to 23 Successful Bloggers)

      How to Make Money with a Blog (According to 23 Successful Bloggers)

      Not too long ago, you believed that making money with a blog was impossible. But after seeing dozens of income reports from other bloggers, you became hooked. Now you’re left wondering if you could achieve similar results.

      In this article, I’ll consolidate the lessons learned from some successful bloggers and get you the advice on how to make money with a blog.

      How to monetize your blog the right way

      A blog is more than a website with words, it’s a brand that solves a problem. When you’re first starting off it’s difficult to make any money. Why? Because no one trusts your brand.

      The solution is simple, provide engaging content to build a large audience. Once your blog’s traffic and subscribers have grown, here are the most effective ways you can monetize your blog.

      1. Affiliate Marketing[1]
      2. Selling Courses[2]
      3. Coaching[3]

      “Get rich quick” schemes rarely work

      Some believe that bloggers had their success handed to them, but this is far from the truth. Their success required sacrifice, discipline and courage to work. And this is where most people run into trouble because they’re unwilling to put in the work.

      Your first step to building income through your blog is to stop believing it will be easy to achieve. The trick is to only listen to a few bloggers who are at the position you’d like to be and take massive action.

      It can take months or even years before you start earning income.

      And when the going gets tough, keep going. Don’t stop. Learn to love the journey more than the outcome and you’ll build a profitable blog.

      Executing the right advice leads to success

      You need to learn from bloggers with diverse backgrounds.

      What motivates someone to build an online business may not inspire you. But there’re strategies some bloggers will share that you’ll resonate with.

      So what’s the next step? To start taking action.

      How to make money with a blog: Lessons learned from 23 successful bloggers

      Browse the list of some of the most influential and down to earth bloggers in today’s time. Chances are that you’ll resonate with a few of them. Take their practical lessons and apply them to your blog.

      These bloggers may spark light bulb moments for you and change your life forever.

      1. Gary Vaynerchuck – Down to earth entrepreneur who’ll transform your life

        Gary is a proud “D” student who helped his dad grow his wine liquor store into a 60 million business. He left the wine business to start his own digital agency, which now generates over $100 million.

        Today, he inspires entrepreneurs of all ages through his blog, vlog, and Podcast to take full control of their lives doing what they love.

        Lesson: Have the patience to build a successful business.

        2. Pat Flynn – Online Jedi who’s fearless to try new ideas

          Pat built several sites, is an author of many books and has launched many podcasts. His blog is one of the most popular sites on the web for beginner and experienced entrepreneurs. Despite Pat’s success, he’s still humble and willing to help others.

          Lesson: Don’t let fear stop you from stepping out of your comfort zone.

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          3. John Lee Dumas – Entrepreneur on fire, inspiring others through his voice

            John is the host of EOFire, an award-winning business podcast, interviewing top entrepreneurs. He’s interviewed successful entrepreneurs such as Gary Vaynerchuk, Tony Robbins and many more. John is also the author of the #1 ranked book for Podcasting in Amazon. He’s an excellent example of what happens when you chase your dreams and remain committed.

            Lesson: Follow one course until success (FOCUS).

            4. J Money – Rockstar money expert who injects “cool” into finance

              J Money is an award-winning personal finance blogger, company advisor and money rockstar. He injects a “fun” personality in his blog, adding a sense of “coolness” to personal finance. He’s the founder of RockstarFinance, a personal finance directory filled with useful resources.

              The fresh perspectives J shares about money will leave you pondering for days.

              Lesson: Have fun with your blog to stand out and create engaging content.

              5. Mr. Money Mustache – Badass blogger who’ll transform your financial lifestyle

                Mr.MM’s goal is to help you live a “badass” life. He has unique money saving ideas up his sleeve, such as cutting your grocery bill in half, and DIY solar panels. There are no “generic” articles in his blog, only thorough and well-thought ideas.

                Mr.MM is financially independent and willing to share his secrets if you dare to listen.

                Lesson: Focus on your needs and wants to live your dream lifestyle.

                6. Sam – Thoughtful blogger sharing smart insights

                  Sam is a blogger and a real estate investor. His blog has received millions of views and featured in Forbes, Lifehacker, CNBC, and many more. Sam dives deep into topics like real estate, retirement planning, and career strategies. Read his blog and discover why it’s “bookmark-worthy”.

                  Lesson: Keep investing in yourself to be better prepared for the future.

                  7. Joshua Dorkin – The persistent entrepreneur who never lost hope

                    Joshua is a well-known entrepreneur and speaker who’s featured in major publications. He’s built the nation’s largest real estate investing blog and co-host of the BiggerPockets podcast.

                    He’s the ultimate example of what’s attainable when you pursue your dreams. His blog is one of the only few you’ll need to reach financial independence with real estate.

                    Lesson: Keep working towards your goal despite who tries to stop you.

                    8. Ramit Sethi – That “cool” teacher who’ll help you reach your next level

                      Ramit is a New York Times Bestselling author. He prides himself on being different, which is why he loves giving away 98% of his material for free. His content is binge-worthy and will bring out the awesome out of you.

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                      If you’re ready to master your inner psychology or finance, then stop by Ramit’s blog.

                      Lesson: There’s always a way to get what you want as long as you’re willing to put in the work.

                      9. Paula Pant – The entrepreneur who took an enormous risk chasing freedom

                        Paula is a writer, speaker and freedom enthusiast. It didn’t take long after landing her “dream” job to know it wouldn’t offer the freedom she’d craved.

                        Today, Paula has reached financial independence by building many income streams. Her writing style is engaging will leave you questioning your limiting beliefs.

                        Lesson: It’s worth risking the odds to live your desired lifestyle.

                        10. Steve – Early retiree, fearless to take a stance

                          Steve reached financial independence 30 years earlier than the typical American. You can find his work in major sites such as Forbes, Business Insider, and many more.

                          Currently, Steve writes detailed content on his blog helping readers achieve financial independence. If you’re looking to save money, or retire early, you’ll love Steve’s blog.

                          Lesson: Plan ahead to reach your desired goals.

                          11. Robert Farrington – Millennial Sensei for college students

                            Robert is a consultant, and a writer dubbed as America’s Millennial money expert. His passion for managing money at a young age led him to create The College Investor. In his blog, you’ll find great resources to crush student loan debt and invest your money.

                            Lesson: Be open-minded with how you can express your passion.

                            12. Joe Udo – The writer who took the road less taken

                              Taking risks ain’t easy, but there are always a few people who take it anyways. Joe is a blogger, investor and a great example of what risk takers do. He retired before turning 40, after leaving a job he’d been working for over a decade.

                              Joe’s blog shares proven ways to building passive income, and managing your money.

                              Lesson: Taking risks becomes easier when you prepare daily.

                              13. Elle Martinez – The financial superwoman for struggling couples

                                Elle has a passion for money, so much that she’s been writing about personal finance for over a decade. She enjoys helping couples build their finances together, and live on one income.

                                Elle’s blog helps you avoid money fights, boosts your savings, and much more.

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                                Lesson: Find ways to solve the problems you’re obsessed about.

                                14. Len Penzo – Creative blogger who makes personal finance entertaining

                                  Len’s blog has received over 9 million visitors. He’s featured in major publications such as the NY Times, Forbes, and many more.

                                  Len transforms boring money subjects into engaging content that hook readers for more. If you want to make smarter financial decisions, his blog is a must-read.

                                  Lesson: Create engaging content to build a large audience.

                                  15. Farnoosh Torabi – Finance expert, inspiring women to unleash their full potential

                                    Farnoosh used to borrow clothes and eat $5 Footlongs until she climbed out of debt. Today she’s a journalist, author, TV personality, and financial expert. Farnoosh is the host of SO Money, one of iTunes’s top financial Podcasts. She’s a leader and inspiration to other women.

                                    Lesson: View your shortcomings as gifts and use them to stand out.

                                    16. Michelle Schroeder-Gardner – Young entrepreneur achieving success on the road

                                      Michelle started blogging in 2011 with hopes of improving her finances. Today, her blog is one of the most popular personal finance blogs you’ll find. There’s a slim chance you might catch her on the road, as she’s touring around the US with her husband. Her blog contains advice for growing your income and living a better lifestyle.

                                      Lesson: Be transparent about your struggles to build a supportive audience.

                                      17. Phillip Talyor – Money expert who knows how to throw a finance party

                                        Phillip Taylor or “PT” is a blogger, CPA, and a finance enthusiast. At one point, he’d accumulated a ton of debt and was in need of financial wisdom. He created his blog to document his financial wins, and collaborate with others.

                                        Because of Phillip’s passion for finance, he created FinCon. Today, Fincon is the go-to conference where influencers and financial brands meet.

                                        Lesson: Hard work is more important than experience to achieve your goals.

                                        18. Stefanie O’Connell – The financial role model every woman needs

                                          Stefanie started blogging around 2008, at a time when most of America was in a financial crisis. Despite this, she went from living on less than $500 a week to dubbed as a Millennial money expert.

                                          Stefanie spends her time helping ambitious women adopt “rich” habits. Join Stefanie’s tribe and start feeling empowered with your finances.

                                          Lesson: You can be a role model for others if you’re brave enough to face your fears

                                          19. J.D. Roth – Finance enthusiast who’ll leave you thinking smarter

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                                            J.D. was a contributor of the “Your Money” column for Entrepreneur magazine. His blog is one of the best personal finance blogs on the web and has received millions of visitors. You’ll find in-depth articles that will leave you making smarter money decisions.

                                            Lesson: No matter how big your problems are, there’s always a solution.

                                            20. Catherine Alford – Entrepreneur mom, inspiring women to chase their dreams

                                              Catherine is a speaker, writer, and a proud mom of 2 twins. She’s an inspiration for women looking to spend more time with their families. Catherine became best Contributor/Freelancer for personal finance in 2014.

                                              Discover why you don’t need to choose between your career and family at Catherine’s blog.

                                              Lesson: Your story can become the inspiration many are searching for.

                                              21. Natalie Bacon – Life coach and entrepreneur inspiring women to design their dream lives

                                                Natalie is an inspiration for those looking to pursue their passion. She’s featured in major sites like The Huffington Post, Forbes, and many others. Natalie follows her dreams and isn’t afraid of hard work. Her blog contains quality content that will inspire you to take action.

                                                Lesson: Don’t be afraid to change course because you’ll be one step closer to finding your dream life.

                                                22. Crystal Paine – Inspirational entrepreneur who loves to give back

                                                  Crystal is a personal finance blogger who’s been writing since 2006. Her site has creative ways to save money on groceries, clothes, toys, and much more. Crystal donates a percentage of her blog’s income towards life-impacting ministries.

                                                  Her blog will not only teach you how to save money but also how to live an abundant lifestyle.

                                                  Lesson: Focus on helping others first and you’ll build massive wealth.

                                                  23. Liz – Frugal expert who’ll transform your bad spending habits

                                                    Liz is an author, writer and a frugal expert who enjoys helping others save money. She’s featured in NPR, Forbes, Liz’s blog contains creative ways to save money and reach financial independence.

                                                    Lesson: Be bold enough to prioritize your opinion above others’.

                                                    Start your blog and achieve jaw-dropping results

                                                    Imagine waking in your pajamas and opening your laptop. You notice a few hundred dollars were deposited to your Paypal account. This money didn’t fall from the sky, it came from your blog.

                                                    Not too long ago you believed making money from a blog was impossible, but now you’ve finally achieved it. Amazing isn’t it?

                                                    This can be your reality if you learn from these successful bloggers. Go through this list and pick your top three bloggers. Take a look at their content (Blog, Podcast, Video), and break your bad habits.

                                                    The time has come to transform yourself into the blogger you’d like to become. You’re not someone who only wants to accumulate a ton of cash. You want to live your dream life and impact others doing what you love.

                                                    What’s stopping you now?

                                                    Featured photo credit: Pexels via pexels.com

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