Text from Khaymon - English
Crowdfunding opinion essay
- Crowd-funding is the best way to start your own business Appearance of the internet causes a birth of the such burgeoning business fields as IT and social networks.
- Moreover, a lot of modern universities make their own internet courses and programs for a distance education.
- But despite this mainstream other economic areas get huge opportunities due to the internet.
- One of them is a groundbreaking way to get funding.
- Up to quite a recent time small companies could raise capital only from stock exchange and investments.
- But nowadays, you can just post your idea in the internet and other people who are interested in your project will back it.
- This technology is called crowd-funding.
- One of the greatest advantages of the crowd-funding is that you can raise money for your project and stay the boss in your company.
- It’s because crowdfunding is based on non-pecuniary interests of people.
- That means that person who wants to back your idea donate money not expect to take his investment back.
- Moreover, crowdfunding is a very demonstrative way to explore customer interests.
- Number of people donated is an indicator that shows level of interest to your product.
- Failing in obtaining money via crowdfunding is not necessarily bad thing.
- You can look at your idea from another point of view and make corrections.
- Finally, raising capital by such platforms as Kickstarter and Indiegogo can help you to promote your product to wide group of people.
- These sites have a large community of people seeking for the most interesting and groundbreaking ideas.
- But there are some disadvantages.
- One of them is that your product should be innovative.
- It must be very uncommon if you want to raise money.
- Thus people can pass over your project if it’s not too revolutionary.
- Comparing pluses and minuses of crowdfunding I concluded that if you have your own startup you would better to take a risk.
- Who knows, maybe exactly your company will bring something new to the human’s life.
- KhaymonSeptember 2020Vote now!
PLEASE, HELP TO CORRECT EACH SENTENCE! - English