Here’s an awesome update on a trend that is sweeping the world, especially for teen entrepreneurs! If you have never heard of the word ‘crowdsourcing’ you’re not the only one, but it won’t be like that for long. Around the world, people are using this cool new method of raising money to finance small businesses. Who knows, maybe you could try using it too!
So, what is crowdsourcing anyway? Let’s say you want to start a new business but you are having a hard time finding the cash you need. Crowdsourcing websites allow you to write up some details on your business, just like a blog post, and add a photo or video to show the world what you are up to. If the peeps out there like what they see, they could donate money to your business so you can get the wheels rolling! If you can buy and sell stuff online, why not put your ideas out there and get them funded?
If you like what you’re reading here (and who wouldn’t?) then you can check out some of the crowdsourcing websites out there. Right now there aren’t any major crowdsourcing website in South Africa – maybe that can be the business you start! Even if you don’t use the web to crowdsource you can always send out an email to friends and family explaining what your business idea is all about and see if anyone can help with a donation – don’t forget those rich uncles now!
Crowdsourcing is working wonders overseas for entrepreneurs in developing countries too. Just because you are in SA doesn’t mean that someone on the other side of the planet won’t be interested in helping out. Besides financing, crowdsourcing is being used to find people with skills so who knows, maybe you’ll find customers overseas for your awesome business!
Crowdsourcing is the latest way that people are coming together to get things done, and that is a great thing to remember as an entrepreneur – the more people you know, the better!
