Have you ever stumbled upon a crowdfunding site and wondered what is this? Crowdfunding as defined by Merriam-Webster states: “the practice of soliciting financial contributions from a large number of people especially from the online community.” There are several websites that sole purpose is crowdfunding and these sites are very popular right now.
How it works: You find a project on a site that you believe your contribution will impact. Projects can be to help someone with financial struggles or to help someone with an entrepreneurial adventure. Sometimes these projects are legitimate and sometimes they are not. Since you are the donor, you will need to find out for yourself if the information is viable.
Better Business Bureau® Serving Central Indiana offers these tips when considering donating your money:
If you have a question about a company or want to find an Accredited Business you can trust, visit BBB’s website at: bbb.org/indy/