Starting a small business can be costly, but did you know that you can use crowdfunding to help alleviate some of those costs?
Our latest infographic, “Is Crowdfunding Right for Your Small Business?,” shows what types of crowdfunding are available and the different benefits of each.
In 2018, the United States alone raised $1,038,000 in crowdfunding. This amount is expected to show an annual growth rate of 10.4%, resulting in a total amount raised of $1,298,000 by the year 2022. From a global perspective, that amount is even higher – China raised $7,463,000 in 2018!
What Types of Crowdfunding Are There?
There are three types of crowdfunding options available for your business: reward-based, equity, and debt.