Thinking of what challenges you might face raising funds both online and offline?

Let us take a look at some of the disadvantages facing crowdfunding today. some of these disadvantages stem from the difficulties posed by some crowdfunding platforms. Most crowdfunding platforms do little more than providing the platform, the tools, support, and resource to help fundraising project success are always limited. With these limitations, your fundraising project is subjected to failure or inappropriate landing.

There are hosts of disadvantages facing crowdfunding, but the most prevalent ones are listed below:

• Any finance pledge will usually be returned to your investors and you will receive nothing if you do not reach your funding target
• It will not be an easy process to go through compared to the more traditional ways of raising funds
• A lot of energy, time, and work must be done in building up interest before the project is launched
• Failed project risk damage to the reputation of your business and people who have pledged money to you.
• Some may see your business idea on the crowdfunding site and steal your idea if your business idea is not protected with a copyright

Ready to start online fundraising?