Raising money to help in natural disaster zones
When a natural disaster strikes, it can leave you feeling helpless when you’re on the other side of the world living in comfort. But thanks to crowdfunding projects that aim to raise money for specific causes, such as rebuilding homes or aiding the region’s emergency services or hospitals.
Funding breakthroughs in science
Scientific breakthroughs happen all the time, and they don’t always make headlines. But there are so many different scientific disciplines that require funding, and crowdfunding is just starting to play a role in helping make the next big scientific breakthrough. Some people fund research that could help with health problems that have directly affected their family, for instance.
Getting niche products made
There’s a niche out there for pretty much everything, but there might not be a big enough audience to have a particular product mass produced. That’s where crowdfunding comes in because it allows companies to have relevant audiences fund the production process. It miniseries their risk of losses and keeps buyers happy.
Crowdfunding is one of those things that can be hit and miss because there are situations in which crowdfunding is ideal and there are other situations in which it’s the wrong path. Each of the examples above shows you how crowdfunding an be a force for good when other options appear to be off the table or not working for people.
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