Crowd funding is something that is always received as either a super idea or a dodgy way to raise money...
Why? Well crowd funding does not rely on conventional methods as most people are used to, for example: Most people are used to borrowing from banks or taking loans from finance companies or using the facilities provided by credit card companies. Crowd funding is never offered by banks, finance companies or credit card companies because they can never make money using this method. Crowd funding is not really a new idea, it may seem new to a lot of people if they have never heard of it before but it has been around for a long time and it has proven to be successful time and time again. There is nothing dodgy or illegal about it it's just different from what most people are used to that's all.
Recent study and research takes me back to the 1700's - Yes the 1700's and it has continued through the centuries to the present day, I found an interesting article on the history of crowd funding here https://www.syndicateroom.com/blog/a-history-of-crowdfunding
Many people reading this article may have heard of some of the companies who are already successfully using the crowd funding model to fund projects and business start ups but may not be aware that they are in fact using crowd funding as the ways and means to raise capital.
Some of the more popular names using the crowd funding model today are:
Kiva, Indiegogo, Kickstarter, JustGiving and Credit Unions
In recent news people in the UK, USA & Ireland are using the crowd funding model to successfully purchase brand new cars with a rolling membership programme designed to make motoring more affordable, Members in the UK are paying just £199 annually and then £50 per month for the privilege to drive a brand new car every 2 years, Members in other countries are paying the equivalent in their own national currency and the club also has plans to introduce crypto currency as a form of payment. The Company that facilitates the scheme Privilege Car Club is based in England U.K. and started in early August 2017 with just a couple of people and an idea to make it a reality for anyone who chooses to participate in the club. Following the huge success in the UK, Ireland & USA, The CEO Andy Wall has plans to take the concept of crowd funding cars to Canada, Europe and other Countries in the immediate future.
You can learn more about Privilege Car Club here https://azenza.co.uk/privilege-car-club/
You can also join the live online presentations which are usually held three times per week (see details on the page link above).
Do you have an interest in cars and crypto currency?
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To Your Amazing Success, Good Health & Great Fortune!
Paul Nulty
Entrepreneur, Investor & Car Specialist