One of the reasons someone hesitates in starting a business may be because it is difficult to find capital. Savings that have not been collected and there are no personal assets that can be sold, when they want to borrow from the closest people, they may not even have money. In turn to borrow from the bank, there are many conditions that may still be difficult to fulfill, not to mention the interest which can be congested. Well, fortunately there are other funding systems that can be obtained, one of which is crowdfunding.

This word may be familiar to you but still a bit foreign in the world of capital. To understand it further so that you can find a solution for financial problems in starting your business, see the full explanation below:

Similar to P2P Lending, crowdfunding is funded by people you meet through online platforms but there are differences between the two

You may already be familiar with P2P Lending, which is a system of providing capital by bringing together lenders and those who were given funds through an online platform. Usually after that there will be an agreement regarding the refund along with the amount of interest agreed by both parties. While crowdfunding or crowdfunding is funding by several people which is done like a donation. The return can be in the form of ownership of shares or products of the company. In order to succeed in getting it, all you have to do is pitch it with a convincing business proposal or plan.

Through the crowdfunding funding system there will be several benefits that can be obtained for your business

After knowing the concept, you may be curious about the benefits that may be obtained from this system. Here are some of them:

• By doing all processes through an integrated online system, you can reach more potential investors. There will also be an opportunity to make a presentation where you can show the advantages of your business and everything about your business.

• The registration process can be done easily without the need to linger, the data attached is also safe and cannot be compromised. In addition, activities will take place safely as long as the site has been registered with the Financial Services Authority.

• Through this platform you can also get validation of business concepts that have been created. When you explain to them, you can also improve your offer at the same time so that other potential investors are more interested.

In order to get various benefits from this funding method, there are several things that need to be optimized

Even though it looks easy and profitable, you still need to do things that are likely to attract investors, some of the things you should do are:

• Create an attractive business proposal, not only in terms of ideas but also designs that steal attention. This one thing is the key to all decisions taken by potential investors. It doesn't matter how brilliant the ideas are in your head, if they are conveyed in a casual manner or even difficult to understand, investors may not want to take a look.

• Choose a crowdfunding site that is trusted and well-known because usually investors will visit these sites rather than those that are not well known.

• If the proposal has been uploaded, then continue to monitor its progress, such as how investors respond and whether there is anything that needs to be changed to make it better. If they have a question, answer it clearly and effectively, don't overdo it and don't overdo it.

This funding system is very interesting~ Well, you can also pitch investors for the crowdfunding system or become one of the investors through trusted sites.