COMMENT 10:what is crowdfunding?

Today there are many methods to earn the money necessary to make the different ideas that we can have become true, since today it is very difficult to undertake a large project as a company, and for this it is crowfunding. Many people do not have enough money to do it by themselves and they do not know if the business will be successful. Crowdfunding is a way of raising money for all kinds of things, such as to pay for a surgery, for a big event, to carry out a construction or to buy clothing or food for people who need it.

Crowdfunding is currently defined as an alternative form of financing in which investors contribute directly to a cause, usually through an online platform.
In recent years, this method has gained a lot of popularity because   it has enabled many entrepreneurs make a lot of money .
This method has helped many people to achieve their goals and earn a lot of money. It is used mainly by artists,
This method has its advantages and disadvantages.
The main advantage is based on the possibility of financing your project collectively, finding financial support that otherwise would not have been possible.
- It allows the creators to learn about aspects of the project  that they would not have even considered.
-In addition, crowdfunding is widely used for solidarity purposes.

On the other hand, crowdfunding has also its dangers and disadvantages, such as:
-One of the drawbacks is that there are few people or companies that invest in these projects, because they are in very early stages and do not know if the idea will be successful or not.
-With this method there are also some people who trick others into giving them money, for example, for medical expenses, but they do not need money, and this makes people distrust so that people who really need it do not receive that help .
-Being in the early stages, someone could steal that idea and have enough resources to launch it earlier. For this, it is necessary to know some marketing knowledge to promote the business through social networks and gain visibility.

In my opinion, crowfunding is a good idea for people who need help or want to start a business or project, but you need to know how to use it, and not deceive other people, because there are also people who ask for money because they really need it to carry out carry their project, and if you deceive people, people will stop trusting and will not give money to anyone.

The best thing would be first of all to inform us about the person who is being financed to make sure if the project is true and we make sure that it is not a fraud and avoid a scam. 



                   

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