Small businesses are finding it harder than ever to get loans either for startup or expansion. Fortunately, that hasn’t stopped entrepreneurs raising funds from less traditional sources. Products including the Pebble Smart Watch, Ouya Game Console, Safecast Geiger Counter, Luminae Multitouch Keyboard & Touchpad, and SLXtreme Waterproof Solar iPhone Case were all launched by startups in 2012 with funding collected through Kickstarter. The site is one of the funding alternatives available to small business owners unable to secure a traditional loan. Here are 10 ways, including Kickstarter, to expand your business when traditional sources fail.
1. Use the Kickstarter ecosystem. As observed above, Kickstarter has become a major player in small business funding. The site allows entrepreneurs to seek funding by explaining their business, product, or project and collecting contributions from the Website’s community. The process is called “crowdfunding”, and since 2009 Kickstarter has helped raise $450 million for startup projects, $275 million last year alone. Reuters
To read the original article: 10 Ways to Kickstart Your Business Today
