Creative Ways to Fund Your Dreams
Do you have an amazing idea – but no money to invest? I’ve come up with some great ideas, I know because I’ve seen other people implement similar ones, the only difference between me and them, is they knew how to get funding and I don’t. I suppose I could ask friends and family for help but then there’s that awkward silence between asking and hearing them say “no” and waving you off with a “good luck, I’m sure you’ll figure it out.” It’s either that or them saying “yes” with no follow through.
So how does the average Jane avoid the awkwardness of finding funds and support without going directly to family and peers.
Two online funding services have recently come to the rescue.
PeerBackers.com is a new way to fund entrepreneurial ventures. As the business owner you can raise capital from your “peers” in small increments and in exchange the supporters will get rewarded by you for contributing. All you have to do is send your PeerBackers funding page to family or friends or better yet post it on Facebook and tweet it out to your followers. Using PeerBackers removes that “uncomfortable” feeling you get when asking for money because now they can decide to support you or not with the extra pressure or lip quiver.
Peerbackers.com is a community dedicated to helping the entrepreneur get funding needed to turn a small start into a big finish. It’s a “crowd funding” platform. Because its community based you may even get assistance from supporters you may not even know. People can contribute anything they can spare even if it’s just $5 or $10. All contributions are processed via PayPal.
As the entrepreneur there is no fee to post, however there is a 5% success fee on funds raised to cover business expenses. All you have to do is choose a funding goal (specific dollar amount) and timeframe. If the goal is met then the entrepreneur will get the funds. If the goal is not met by 80% then the allocated money gets returned supports.
KickStarter.com is another online funding community that helps creative ideas and ambitions come to life. Do you have a story you’ve been dying to tell? A play you’ve been wanting to produce or a game you’ve wanted to make? Kickstarters.com can make your dreams come true.
KickStarter.com follows the same all-or-nothing funding method as Peerbackers.com with a focus on creative projects.
There are no limitations to the amount of money required to contribute and all transactions are handled via Google checkout. A 5% fee is applied to the funds raised.
Kickstarter.com focuses on creative ideas a great way for artists, filmmakers, musicians, designers, writers, illustrators, explorers, curators, performers, and others to bring their projects, events and dreams to life.
It’s important mention that supporters should think of Peerbackers.com and KickStarter.com as a contribution not an investmen