Types of Crowdfunding for your Small Business

Crowdfunding has become a viable form for funding a venture, project, cause, event and much more. For small businesses looking to bypass traditional sources of financing such as bank loans, angel investing or venture capital, it is now a great option.If you’ve been thinking about starting a campaign, it is important to note there are different types of crowdfunding. And this doesn’t mean the platform or portal such as Kickstarter, Indiegogo and others.The confusion stems from clumping crowdfunding under one umbrella, when in reality there are different types or models. Depending on your project, choosing the right model for your small business is critically important to ensure the success of your campaign.