Internet-based fundraising platforms offer an attractive new way for entrepreneurs to fund their business. The following report examines the global internet-based fundraising platforms market and where it's headed.
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The internet has revolutionized the way in which entrepreneurs fund their businesses. No longer are entrepreneurs forced to raise capital using offline methods like bank loans and private investments. While offline methods are always an option, many entrepreneurs are now tapping into online fundraising channels. Also known as crowdfunding, online fundraising platforms are designed to connect entrepreneurs and business owners with a large pool of investors over the internet.
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If an entrepreneur needs money to start a business, he or she may pitch their idea on an online fundraising platform. Hundreds or even thousands of people may then invest in the entrepreneur's idea, allowing him or her to easily raise capital. The key thing to remember with online fundraising is that it typically involves lots of small investments, whereas traditional fundraising methods involve fewer but larger investments.
To put the popularity of online fundraising platforms into perspective, statistics show that over $34 billion was raised using this funding method in 2015. Of course, online fundraising offers several benefits when compared to traditional fundraising methods. First and foremost, it's a simple and easy way for entrepreneurs to raise capital. If an entrepreneur needs money to start a business, he or she can create a project one of the top crowdfunding websites.
In addition to being simple and easy to use, online fundraising platforms allow entrepreneurs to spread the word about their new business. Online fundraising platforms are used by millions of people worldwide. When an entrepreneur creates a project on one of these platforms, he or she will benefit from additional exposure. As word spreads about the entrepreneur's new business, he or she will generate more sales. Of course, these are just a few reasons entrepreneurs should consider using an online crowdfunding platform for their business.
The Global Online Fundraising Platforms Market Size, Status and Forecast 2019-2025 report by Orian Research is a comprehensive study of the global internet-based fundraising platforms market. Featuring 94 pages, it explores the market from all angles while covering both current and future prospective scenarios.
This report segments the global internet-based fundraising platforms market by several criteria. On the basis of product type, the market is segmented into cloud based and on premise. On the basis of end-user application, the market is segmented into individuals and nonprofit organizations. On the basis of key vendors, the market is segmented into Qgiv, Salsa, Double the Donation, CiviCRM, Fundly, WeFunder, Kickstarter, Kiva, 360 MatchPro, Aplos, NeonCR and others.