What does crowdfunding mean?

Archived from the original on January 31, 2013. Retrieved July 23, 2014.; The Merriam Webster Dictionary defines crowdfunding as "the practice of soliciting financial contributions from a large number of people especially from the online community" "Merriam Webster Dictionary Definition of Crowdfunding". Retrieved July 23, 2014.

What is donation based crowdfunding?

Donation-based crowdfunding – Any crowdfunding campaign in which there is no financial return to the investors or contributors. Rewards-based crowdfunding – Any crowdfunding campaign that involves individuals contributing to your business in exchange for a “reward,” typically a form of the product or service your company offers.

How much does crowdfunding cost?

Funding can range anywhere from $1 to $1,000 and the reward can range from the product or service, perks, or simply recognition. Crowdfunding was brought into the mainstream by two popular rewards-based crowdfunding platforms: Kickstarter and Indiegogo.