Frequently Asked Questions

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Crowdfunding is the financing of business ventures by large numbers of individuals and professional investors over the internet. Crowdfunding can take on several different forms, including reward or gift based (where investors receive a gift or other reward for their investment), donation based (where investors make donations for altruistic reasons and/or for tax deductions), lending based (where investors provide loans and receive interest payments in addition to their principle) or equity based (where investors receive shares in the business in exchange for their investment). Crowdfunding makes use of social media websites like Facebook, Twitter and LinkedIn to get the word out about a new business and to attract investors. Most experts believe crowdfunding represents the future of financing for businesses and individual projects. Crowdfunding is experiencing double-digit growth every year and offers investors and businesses a cost-effective way of financing on a global basis, by expanding the pool of investors from whom funds can be raised beyond the traditional group of owners, relatives and venture capitalists.

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. Crowdfunding is a form of crowdsourcing and of alternative finance. In 2015, it was estimated that worldwide over US$34 billion was raised this way. Although the concept can also be executed through mail-order subscriptions, benefit events, and other methods, it is now often performed via Internet-mediated registries. This modern crowdfunding model is generally based on three types of actors: the project initiator who proposes the idea and/or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform") that brings the parties together to launch the idea. Crowdfunding has been used to fund a wide range for-profit entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, or community-oriented social entrepreneurship projects. SO What it is: Crowdfunding is about persuading individuals to each give you a small donation -- $10, $50, $100, maybe more. Once you get thousands of donors, you have some serious cash on hand.

It is easy gateway interface to BeeLift to set up your account and to receive funds