What does crowd funding mean?
•Crowd funding is when a project is funded by donations from the public-correct
State two advantages for an
independent project
•Independent projects tend to be cheaper as there are usually less staff
embers that need paying a salary more
freedom over what you raise your money for.
•More money goes to your project
because you have no subsidiaries
•
State two disadvantages for an
independent project
•Harder to advertise the project as there are no subsidiaries that can
be used to spread the word about the project
•Can be hard to get money if there
is a lack of fan base
Social
media can also be used for advertisement i.e. Facebook , Instagram
Assessor:
Matt Frost
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