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Published On: Sat, Aug 8th, 2015

How Crowdfunding Has Changed The Way People Raise Money

There is no sector in which crowdfunding is not being used these days, it seems. From health care funding to real estate, crowdfunding is the new loan, except that you don’t have to pay it back this way.

For some people crowdfunding comes easy and works to get them the money they need. For others, crowdfunding brings no cash, but lessons in what attracts donations and how not to get the money you need.

If there is one thing that crowdfunding has done, it has changed the way we make money.

Making Movies On Crowdfunding

The Veronica Mars movie was funded and made through crowdfunding outlets, like Kickstarter. It wasn’t the first movie made this way, and it won’t be the last. The way to win though, it seems, is to have a popular TV show or movie that you want to expand on, like in this case.

Fans of the TV show Firefly donated so much money towards the Alan Tudyk and Nathan Fillion project, Con Man, that it went from being just a few episodes online venture to an entire season.

Crowdfunding Your Home

It looks like crowdfunding has now made it into the world of real estate. Whether you are looking to buy your first home or you want an investment property, you can look to crowdfunding to get the money that you need.

Donations or not, you probably still should make sure that you have good credit backing you up when you are shopping for homes. However, using this to get started in your own home flipping business could lead to a great career!

Medical Bills And Crowdfunding

Crowdfunding is working towards helping people battle cancer, pay for medical bills from different illnesses and tragedies, and even helping people get a new lease on life with dental implants and more.

With the changes in health care, if you don’t have insurance costs can be outrageous, even for the most simple treatments.

photo/ Public domain pictures via Pixabay

photo/ Public domain pictures via Pixabay

Think of it as a donation. There are hundreds of crowdfunding sites online, some of them preferring the term “gifting” over funding. The money comes from people you know, and even people you don’t know if enough people find your posts.

To be most successful at crowdfunding it seems that you need to have a lot of good friends that have money they are willing to part with and are nice enough to share and promote your finding page with others that may be willing to help out.

While right now it doesn’t seem like much is being done to charge people when it comes to taxes on their donations, it’s like that as this way of earning funds continues to grow more laws will begin to come out of the woodwork.

Guest Author: Lolita Di

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