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11 Tips for Crowdfunding: How to Raise Money From Strangers

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Crowdfunding websites are popping up that connect entrepreneurs with investors, producers with patrons, and causes with contributors.

Here are 11 tips to help you secure funding:

1: Choose the right crowdfunding site
2: Know your target audience(s)
3: Plan ahead
4: Passionately pitch your project
5: Have a plan for spending their money
6: Leverage your social networks
7: Break up bigger projects
8: Create compelling rewards
9: Treat your crowdfunding like a campaign
10: Tell a great story… and ask for the sale
11: Promise—and give—credit where credit is due
Social media is changing more than the way we market and communicate… It’s changing the way we raise capital.

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