From funding new inventions to movies to new business, crowdsourcing covers it all. This up and coming form of fundraising is rapidly growing. The days of going around town asking for donations are long gone and in it’s place is the crowdfunding. Crowdfunding allows for individuals with an idea to reach out to the millions of possible funders over the internet.
Crowdsourcing is arguably the best way to reach out to potential business partners and customers when trying to launch or expand an idea or product. One reason that support this claim is that when other see the idea some entrepreneurs will invest start up money. Another reason is that customers can give feedback on the product to make it strive. One might say that crowdsourcing is risky as people may imitate your product.
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