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A Quick Guide to Crowdfunding. We are in a new era, and it has come to our knowledge and understanding that no matter how we try to survive on our salaries, it is never enough for our needs and expenses, so it calls for us to look for other ways of making money and adding up to these salaries. The majority of us see the better way of making extra money is by putting up businesses, this can help you earn some profits from that particular business and compliment your salary, however, you may not be required to be at the business physically at all times so you can be in the office where you have been employed and on the other hand, your business is still moving on. However, raising the capital to put up these businesses so that you may have another source of income now becomes the problem, this is because it is not so many of us who has saved enough that they can use to put up a business and if they have, it is never enough at all, so this brings about a hurdle that many see they cannot pass.
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You should not be disappointed when your loan applications are declined by the various banks and financial institutions that you may approach, or feel hopeless, because there is also crowdfunding which brings about the several crowdfunding sites that can help you get or acquire the capital you may require to start up your business or even boost an existing business, so there is always some light at the end of the tunnel no matter what may happen.
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However, there a variety of crowdfunding sites and we may not be able to look at all of them in this text, but we can have a closer look at some of them to understand them better, knowing what they all entail and how they can help one get the capital needed and what their terms and conditions are in the same way. If we may start with the Angel-list as one of these crowdfunding sites, which is a huge network of syndicates who are responsible for taking care of the costs that may be incurred as you join the platform since they do not want you who is looking for capital to come and start paying for other thins, they do this for you as you create your business profile, after which they will analyse it and give you feedback on the same. The next crowdfunding site is the Crowdfunder which is a lot like the other crowdfunding site but the difference is that instead of taking some money raised by the investors for you as a fee, they place a flat monthly fee for you to cater for.