The newest course that the tandem Jacobs-Godfrey is a crowdfunding solution that is changing the way we do business. It’s easy to be skeptical about Greg Jacobs’ new software, but the throngs of people that have invested in crowd funding show that it is clearly quite promising.
Crowdfunding in this way is ideal for small entrepreneurs. Instead of having to ask one big investor for a fortune, you can micro-finance your assets. An experienced entrepreneur could quickly and easily raise a lot of money, and that’s what Greg Jacobs and Tim Godfrey promise to help with. You find a hungry niche, crowd fund a product to satisfy a perceived need in that niche, advertise the funding project to pull in more investors, source the product from a foreign, obscure manufacturer, and profit! It’s such a simple idea, but it works so well.
This is how many serial entrepreneurs make their money – they find the products that you are interested in, and they move from niche to niche as they build up their bankroll to launch their real ‘big idea’. It’s an effective solution, and the IDM makes it possible for anyone to do it.
Crowdfunding can be explicitly defined as the collective collaboration of a significant number of people who network and pool together their funds and resources together. This process is usually effected through the internet, and it is done to help support things or projects that have been developed by independent entities. In most cases, crowdfunding is used as a way of sourcing finance for a business venture.
Crowdfunding, in recent years, has stood out as a very efficient form of funding outside the typical financial systems we know of. In crowdfunding, there are generally three parties involved who are the proposer, the supporter, and the moderator. The proposer is the one who initiates the business idea or project that needs to be supported while the supporters are the ones referred to as the crowd since they are the ones who pool their resources to support the idea proposed by the proposer. The moderator is a third party entity that acts as the connector between the supporter and the proposer and they generally control the whole funding process.
Several sites have helped popularize crowdfunding, and they include Kickstarter, Crowdfunding and Wefunder among others. There are several considerations you need to look at before going for crowdfunding as funding option as it is not suitable for all ventures.