Here’s Everything You Need to Know About Crowdfunding

By John Cruz

Last Updated:

We all love spending money on cool things but sometimes things can get a little fuzzy when you deal with something like crowdfunding.

Crowdfunding can be confusing initially, but once you understand it, it’s like entering a new world of goodness.

A new world of getting the latest and greatest products and a new way to get things no one has ever heard of.

On the opposite side of the coin, it’s a great way for entrepreneurs to get their ideas out there without having to deal with banks and hefty loans.

For consumer’s sake, let’s see what crowdfunding is and how it affects how you shop and invest in this digital world.

What is Crowdfunding?

Crowdfunding is the simple concept of raising funds from many supporters to help support a project or

Crowdfunding is the bridge between your next best business idea, putting the ideas into action, and getting the funding necessary from people who like and believe in your product.

It’s a super simple concept but it definitely requires a lot of understanding.

So, before you go swiping that credit card for that new backpack or gadget, let’s dig a little deeper into the world of crowdfunding.

Where Does Crowdfunding Happen?

Being more of an internet-based idea, crowdfunding can happen in many parts of the web.

It comes through sites like GoFundMe, which some of you might be familiar with.

Whether you are helping someone raise funds for a loss, for a trip to Mexico, or some weird goal, GoFundMe has been there to help thousands get the money they need.

In the world of backpacks, EDC, and funky gadgets like you find here on Mancarry, we focus more on assisting product creators.

In return, we get our hands on the coolest and newest gear that you will only find on sites like Kickstarter and Indiegogo.

Is Crowdfunding Safe?

For the most part, crowdfunding is safe.

However, there is and will always be someone out there to try and steal your hard-earned money.

The sad part is that they do it in a way you will never see coming.

Allow me to explain.

When you’re on a site like Kickstarter, you can’t help but be amazed at the ideas that others have.

Whether it be a gadget or some cool product, we all love them and would help support the creators whenever possible.

But, there will always be those trying to capitalize on the platforms we deem safe.

These scammers will create a whole product and marketing for that product, just to get people like you and me to “support” their campaign.

That’s great and all until it comes time to ship and no one is getting what they paid for.

It happens a lot more than we want, so be aware and don’t give in so quickly, regardless of how cool and badly we want what they have to offer.

The aircon watch is a great example of that, so check that out to see what a good old crowdfunding scam looks like.

What to Look Out For

There are several things that can help you avoid crowdfunding fraudsters.

The first thing you should look at is the credibility of the seller.

Most sellers will be new, but there are a good number of them who have sold on these crowdfunding platforms with a lot of success and credibility.

Another way is to see how legit their overall campaign is.

If it seems that a two-year-old put the campaign together, you might want to avoid the product.

Where the product is “made” is also a good way to see if you are being scammed.

Almost every campaign from the US is legit as they have a bunch of laws that they need to follow.

If the product creator is from anywhere else, you might want to do more research on the company and owner of the product.

Lastly, follow mancarry.

We have seen many products from these crowdfunding platforms, so you can say we know a thing or two about scams and which products are legit.

Conclusion – Crowd Funding is Legit But Always Do Your Research

Getting your hands on the latest products is not a problem, nor is helping fellow entrepreneurs get their ideas fulfilled.

That does not mean you should go throwing your money away just because you have it.

Go about crowdfunding with caution and use the tips we have given on this post.

For added protection, use a credit card linked with PayPal so you can be covered in case you do get scammed.

The credit card company can give you a refund and PayPal will do the same if it needs to go that far.

You’re welcome.

Besides that, support your fellow humans with their projects and get the products you want but do so responsibly.

Thanks for reading and happy crowdfunding!

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