Applications of crowdfunding
The concept of crowdfunding is excellent for creative industries like journalism, blogging, movies, music, and various startup businesses. Today you can find many examples of organizations within the music industry where fans take up the role of the traditional financier role. Fans will invest money into labels which produce the work of artists they believe in. The independent film industry also has many examples: some companies even made how-to guides on how to crowdfund a movie. There is a growing market in the crowdfunding community for movies with larger budgets, even over 10 million $. Keep reading about more examples of crowdfunding in other industries and if you want to make some money, go and visit the Fincrowd App website.
More and more people see good investment opportunities in agriculture and agriculture-related businesses. Several platforms offer great access to ample information about profitable investments, one of the most well-known being AgFunder. Agriculture and food sectors expect even greater growth and many small-scale investors seek good opportunities in small farms and reward-based platforms.
Philanthropy was one of the first activities to enjoy significant crowdfunding support. Many small projects which quickly gained global recognition started out as crowdfunded projects. Nowadays you can even find specialized websites which hand you a selection of small, non-profit organizations worldwide. Individuals have the chance to lend as much money as they can, starting from one dollar up. Websites connect the investors with the organizers and allow for direct dialogue.
Many universities, public schools, humanitarian organizations, civic platforms also utilize crowdfunding to finance a variety of projects.
Real estate investors often use crowdfunding to pool capital from different sources and then invest into secured mortgages, fix and flip redevelopments of torn-up buildings and abandoned properties, and also to create equity for various residential or commercial projects. From as low as 100$ to hundreds of thousands, investors of various grades can choose to invest into crowdfunded projects.
Crowdfunded projects related to science have a lot of positive effects which advocates like to point out, but critics also name a couple of negative aspects. On the plus side, these projects allow junior scientists to promote their projects, and they allow for easier communication in the scientific community. Critics most commonly emphasize the negative aspect of poor quality control in these platforms, projects without scientific substance.