Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Sales Success Inspiration - Hello my friends and welcome to another installment of The Special Sauce Series on Sales.

Sales Success Inspiration is the name of the game today.  We left off with the last post "

No Sales! The Leads Suck! After ten years in the industry I have heard this more than once. In fact, I hear this so often that a series of educational blog posts are needed to educate sellers on how to close more deals - period.

No sales! Now, first I preface this entire post with one thought...

She Means Business: Turn Your Ideas into Reality and Become a Wildly Successful Entrepreneur Is our Book-of-the-Month.

Carrie Green began her entrepreneurial life at the tender age of 20, starting a company that would go global in just a few years. She has turned her experience...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
FundAbility
Need Funding? Need To Offer Financing To Close More Deals? We Have Access 7,000+ Credit Providers. Learn more now...
How Many Leads Does It Take To Close A Sale?
This Article is now live on our blog and I know could be very insightful for many. Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
How Many Leads Does It Take To Close A Sale?
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Business Franchise Opportunities Funding
The principle reason entrepreneurs put off starting their own business is lack of funding... Read On
Top 50 Home-Based Business Ideas
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
The Top 10 Reasons to Buy a Business Opportunity or Franchise
Starting your own small business is part of the American Dream, right up there with owning your own home. Read On
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
7 Keys to Leading Highly Effective Sales Conversations
Most people's sales conversations could be better. Not a little better, significantly better. Read On
 
Resource Center > Article
Crowdfunding Sites for Black and Female Entrepreneurs Expand
30 Oct 13 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

Given the Securities and Exchange (SEC) Commission is in the throes of easing federal regulations on how small businesses are able to raise money for startup and growth, a number of crowdfunding websites are cropping up to make the most of this unprecedented business opportunity. More specifically, sites like BlackStartup.com and PlumAlley.co (yes, ‘co,’ not ‘com’), among others, are aimed at ensuring both blacks and women, respectively, have a targeted platform for raising critical entrepreneurial funds and finding much-needed support.

But before we get too far ahead of ourselves, and given that the whole crowdfunding concept remains such a mystery to so many, perhaps it’s worth a quick recap of what it entails…

In a nutshell, crowdfunding refers to the process of raising money by asking many individuals to contribute to a specific business venture or cause over the internet, even if it’s in very small amounts. It can also refer to a company securing necessary capital in return for small amounts of investor equity.

The latest estimates reveal that crowdfunding websites raised roughly $2.7 billion in 2012 (up from $1.5 billion in 2011), a number that is expected to grow exponentially over the next decade. In fact, globally, the tally is anticipated to climb well past $5 billion this year alone.*

Needless to say, this is a fundraising and investing platform that is very much in its infancy in terms of potential.

While it’s true that the overall concept of raising money from multiple sources for a specific purpose or cause has been around for a very long time, it’s only with the advent of the internet that crowdfunding as we now know it began to take shape and the term itself was coined. So perhaps it is not surprising that, in yet another example of how technology is outpacing our ability to keep up, the SEC has been trying to put boundaries around an as yet fairly underdeveloped industry ever since.

Well now it’s set to loosen the reins.

Where private companies and businesses are currently allowed only to solicit money from investors who are deemed “accredited” (which constitutes a whole laundry list of criteria we won’t get into here), a new government proposal required under the JOBS (Jumpstart Our Business Startups) Act of 2012 will ease federal regulations on small business crowdfunding immensely. In fact, entrepreneurs and startups that are looking for backing will now be able to solicit funding over the internet from the general public, even if it’s in relatively small increments…up to $1 million each per year.

This latest development undoubtedly will be the spark that fuels a firestorm when it comes to how many and what kind of entrepreneurial ventures in the U.S. get off the ground and are able to grow over time. In fact, the possibilities become practically endless.

It’s with just that sense of optimism and unlimited potential in mind that a number of crowdfunding websites have taken flight recently. Furthermore, a number of them are aimed at addressing the needs of those entrepreneurs who have historically struggled the most in obtaining the necessary capital and support to both launch and grow their businesses, blacks and women in particular.

BlackStartup.com

Started in 2012 by six Morehouse frat brothers who are determined to empower the African-American community by pooling its resources to launch and sustain black businesses, BlackStartup.com is different than more mainstream crowdfunding platforms like Kickstarter and Indiegogo. It’s a niche-driven platform, they explain, specifically designed to foster the entrepreneurial efforts and aspirations of a particular group of individuals, which in turn will empower the community as a whole. Additionally, the site offers a support function that other sites don’t, enabling its users to access mentors as well as e-learning materials and legal and financial documents, all in a concerted effort to fill the knowledge gap that they believe has long been a challenge to African-American entrepreneurship.

Summing it up nicely, Nathan Bennett Fleming, one of Black Startup’s founders had this to say in a recent interview: “Ultimately, we are using technology to address the black entrepreneurial gap. We want to create more black economic (opportunities) within our community that (promote) jobs, wealth and investment.”

To learn more about BlackStartup.com, click here for more information now!

BlackStartUp2Plum Alley

Just over a year ago, PlumAlley.co began as an e-commerce website spotlighting products created by women. Now the site is expanding its domain to cover crowdfunding, focusing its efforts in this regard entirely on the needs of female entrepreneurs and helping them to raise money and obtain valuable advice and counsel from others like them who have experience and know-how to share.

On crowdfunding specifically, here is an excerpt from the site that says it all: “Plum Alley provides women entrepreneurs and innovators a way to raise money from a broad base of people. Crowdfunding is an efficient and inexpensive way to fundraise and is a way to increase women’s access to capital. Products funded on Plum Alley crowdfunding can be subsequently sold using our commerce features.”

To learn more about PlumAlley.co, click here for more information now!

*Source: Massolution.com

Related Blog Posts
15 Mar 17 Posted by: Kevin James Culp
in Featured Articles

Sales Success Inspiration - Hello my friends and welcome to another installment of The Special Sauce Series on Sales.

Sales Success Inspiration is the name of the game today.  We left off with the last post "
10 Mar 17 Posted by: Kevin James Culp
in Featured Articles

No Sales! The Leads Suck! After ten years in the industry I have heard this more than once. In fact, I hear this so often that a series of educational blog posts are needed to educate sellers on how to close more deals - period.

No sales! Now, first I preface this entire post with one thought...
1 Mar 17 Posted by: Kevin James Culp
in Featured Articles

She Means Business: Turn Your Ideas into Reality and Become a Wildly Successful Entrepreneur Is our Book-of-the-Month.

Carrie Green began her entrepreneurial life at the tender age of 20, starting a company that would go global in just a few years. She has turned her experience...
16 Feb 17 Posted by: Anuj Mishra
in Featured Articles

Improve Customer Engagement - The days of endless customer tickets are finally over, all thanks to the advancements in technology and innovations from clever software developers.

Improve Customer Engagement - Instead of being constantly overwhelmed by countless...

22 Nov 16 Posted by: Kevin James Culp
in Featured Articles

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...
 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight
You're invited to view a Bartercard Online Franchise Presentation.

Premium Sponsor