Sunday, June 23, 2013

How can I get money?


Recently I had to make a project for my financial class about Crowd Funding. It was very interesting to see how this method of collecting, investing or donating money has a boom in today’s social media.  This topic caught my attention because all the websites dedicated to helping or invest in new ideas, projects and causes.

Crowd funding is not something that came up just yesterday, but a method that has been used since the 1800’s. Thanks to the Internet and media, it has become more accessible to young artists, investors and charitable entities to ask for money and get responded.

The story that most caught my eye was Amanda Palmer’s “The art of asking.”  Her story is really inspiring. She talks about all the vicissitudes that she struggled with as a young artist. She never gave up, she just started asking. In the Kickstarter.com website she pledge for $100,000 to promote her new album, art book and tour. She got $1,192,793.



There are many website to help launch a project or a business. Indegogo.com, Crowdfunder.com, Quirky.com and many other websites are dedicated to helping in different types of projects, invest in new ideas and projects.



If you have a new idea, project, inspiration, or talent that you would like to generate profit of, look for investors to start developing it. It is amazing to see how this is becoming the future of business. There are no more limits to invest in the future and/or develop a great idea. Use social media and this kind of websites in your advantage. You will never know how beneficial these sources can be to your future.

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