WHAT IS CROWDFUNDING?

INTRODUCTION

Crowdfunding is an alternative way to raise funds for personal use, as a business, or as an organization. Crowdfunding allows you to reach out to “crowds” for funding.

Typically, when reaching out for funding from the “crowds”, you usually receive small amounts of money that could turn out to be a large pot of money! Instead of going the traditional route obtaining funding by applying at a bank or financial institution, you can use crowdfunding as a way to raise funds. Traditional banks and financial institutions will qualify you based on income, credit, credit score, and possible other factors. Crowdfunding does not typically based funding on those qualifications. When funding at a bank, you need to pay it back. With crowdfunding, you typically do not have to pay it back!

How big is crowdfunding?

Crowdfunding global market size with grow by $89.72 billion during 2018-2022 (Source: Technavio). You can benefit from this growth by participating with RequestForFunds.com!

TYPES OF CROWDFUNDING

Donation-based crowdfunding: This type of crowdfunding is the more common on that is used that campaigns ask for donors to contribute to the cause, event, or activity with no obligation to pay back. Funding can be used for personal funding such for personal problems, or to raise money for other people with personal problems, or for a project, event, or any other reason money is needed.

Equity-based crowdfunding: This type of crowdfunding campaigns to promote a product or service in exchange of receiving a small equity in the business or the company.

Rewards-based crowdfunding: This type of crowdfunding campaigns to promote a product or service in exchange of some type of service or product.

Give & Receive crowdfunding community™: This type of crowdfunding is unique and is exclusively offered by GiveReceive.Online LLC.  Basically, all the above crowdfunding types is transactional – meaning your funding will apply to a cause, project, event, product, etc. and then it ends. GiveReceive.Online LLC is based on the continuation of lifetime retail spending to provide or improve your quality of life over your lifetime.

  • A member is a participant in the fundraising – crowdfunding community of GiveReceive.Online LLC
  • A member does not have to campaign in order to raise funds
  • Members are asked to share the program with family, friends, co-workers, etc. to become a member too
  • Members give small weekly contributions in exchange for the opportunity to receive large contributions to pay for their personal everyday living expenses, or ways to support businesses, organizations and beyond

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