Crowdfunding Boosts the US Economy
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Crowdfunding Boosts the US Economy

The growth of crowdfunding has made it clear that it’s not just a passing trend. Crowdfunding helps startup companies succeed, and successful businesses mean more jobs and income for their surrounding communities. This helps not only that particular area, but the United States as a whole, by bringing in taxes and building the economy. More businesses also mean higher income per household, which means more shopping at local stores which helps the economy.

The impact of crowdfunding as a whole is nearly overwhelming. The average successful crowdfunding campaign is approximately $7,000 for rewards and donations based on crowdfunding. Those that earn at least 30% of their goal in the first ten days are more likely to achieve success. Social media marketing helps immensely by connecting the general public to the crowdfunding platform through an inbound link. There is a definite correlation between the amount of friends a person or company has on Facebook to the success of their fundraising campaign.

These things may not seem important to you now, but when you learn the benefits equity crowdfunding can have, you will be intrigued. Crowdfunding backers can now own a piece of their favorite company through equity investment. Entrepreneurs can convert their best customers and advocates into the voices to move their company forward. Small business is the backbone of our economy.