Crowdfunding

#Crowdfunding is a type of #funding that may needs to be established or in place for an eDream to be viable.

Donor crowdfunding has been around for centuries with “passing the hat” or placing the jar next to cash registers for communities to raise money. It could be for neighbor’s victims of fire or medical conditions, a worthy project or helping kids go on a trip. The many new online donor crowdfunding sites like Kickstarter makes this easier than ever. The contributors typically don’t expect to be repaid. There are numerous reasons why people contribute and many new ways to do it. These are crowdfunding sites like Kickstarter and Indiegogo. These are new sites that people contribute small amount, yet they do not own an interest in the outcome (i.e., part owner). The contributors get to feel they are part of project and feel vested in its success. They become brand advocates and are often the early purchasers if the project becomes a project.