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With so much happening on the Internet "Crowd funding" also known as “Crowd Sourcing” and “Group Sourcing” seems to be the new kid on the block. The use of “Crowd Funding” technique has wide-spread in recent years. It is a new funding business model that several of the small scale organizations are opening up to get money for their start-ups to take their business to a further level, not just for business purpose it is more than that such as wedding expenses, paying medical bills, dream vacation etc. We never have thought about pooling the resources we can get from friends, family and at times also from strangers. The crowdfunding website makes it easy for people to find supporters and get their message conveyed.

We are approaching a phase where getting finance from banks it not an easy thing hence, people are turning their heads to get funding online via crowdfunding. Crowdfunding is an perfect way to reach out to a huge community that wants to appreciate an underdog to win the race on the road to success. Each and ever crowdfunding website has different methods, varied reason of receiving and giving donations. Crowdfunding is quintessence that is similar to angel investing and charity. Project supporters do not require any sort of returns or interest to be paid, the supporters do not require any sort of returns or interest to be paid, the supporters are happy to provide backing to a start-up so that they turn to be successful.

The crowdfunding website is crafted with diverse concepts to raise money for social cause. People with numerous needs to seek help from these crowdfunding websites, so that they are able to get maximum benefits. The idea behind such website is to attract users to donate to charitable purposes. These websites do all to meet financial adversities.

Several ideas are there that can be utilized by a crowdfunding website to raise money. Consider visiting such websites and to know how it works. Mention the ways through which a user can communicate with the website and donate money. For sure success, it is important to work as a team, if the team lacks enthusiasm, no matter how well-thought-out the website is it become difficult to achieve the goal. Carefully planning the process, following the target, assigning responsibilities are some of the steps that ensure the success of the crowdfunding website. No matter what the occasion whether it is paying medical bills, education fees, wedding expenses, a crowdfunding website should be easily accommodating the demands. People have different needs and strategies should be sketched out to meet all the requirements. Here are some of the crowd funding features:

» The website should have friendly enabled URLs

» Unlimited projects permitted to post

» The facility to comment and review on posted projects

» Updates on projects

» Viewing all donations received on projects

» Facility to review entire transactions made on every crowd funding projects

» Full statistical report with the graph on a project page