The biggest challenge that entrepreneurs face is arranging for the capital which is needed to give their
business a head start. Getting bank loans for young entrepreneurs is really difficult because they don’t
have enough assets to show as security and therefore banks stay reluctant to lend money. For that
solution, crowd funding platforms are there to help individuals raise money with easy steps. Here is a list
of the top platforms for crowd funding;
Indiegogo
There are easy steps to follow for this platform. The first thing you need to do is decide on the funds that
you want to collect and once you have selected that, you will create a campaign with title, pictures,
tagline and categories. This campaign will tell the contributors about what you aim to do and what the
business idea is about. After that you need to give in some contact details so that contributors can
contact you if they are interested and also specify how you want to receive the money. Once all these
steps are complete, you are good to go!
Fundstak
Fundstak has the same steps as those for Indiegogo where you have to specify your cause, give it a title,
create a campaign, write about the campaign and then provide details for the payment method. This
way contributor will be able to contact you if interested and then the funding would begin. For this
platform, individuals who are under the age of 18 should have parental guidance to help them through
the process.
Rockethub
For this platform, you will have to decide upon a title and then mention the category along with the sub
categories. Apart from you, the co-leaders, if any, will also need to be mentioned. After this, you will
specify the amount that you want to raise and also the time limit in which it needs to be raised. The
product will also need to be established with its images and personal contact information will also be
provided. After all of this is done, the request will be confirmed within 24 hours so that it can be made
public for the contributors.
FundAnything
This too has the same steps as other funding platforms. You have to select the category, the mount
which needs to be raised, define and explain your campaign; give your contact details and how the
payment is to be received. If you want, you also have the option to add more members in your team.
There is, however, a restriction on age and individuals under the age of 18 are not allowed to use this
platform.
Funding lab
Again, with the same steps here, it is very easy to fill in our details and put up a profile so that
contributors or funders can contact you. In order to attract funding, you have to add a reward for
funders. Everything that you provide must be accurate and according to the law and you need to be of
minimum 16 years of age to be eligible to apply.
