Why do people support on Crowd funding sites?

With crowdfunding emerging as a new concept in Indian markets, there would be a common dilemma among the supporters and patrons…. Why do people pay to fulfill other people’s dreams? The question is very valid if you are looking at a society which is self centered and does not have any social connections or good faith in its citizens. Fortunately we people are anything but self centered. We know what goes around comes around.

Today if you are supporting your friend’s dream and helping him realize it, don’t you think tomorrow when you are in need for a similar funding for your dream, he would be the 1st one to back you?

There was a very relevant article in an American Publication on Crowdfunding, http://www.marketplace.org. A section of that article is reproduced below….

“…..There are more than 50 crowdfunding websites in the United States alone and they attract a lot of money from a lot of people. But why do people give on these sites and why do they support certain projects? Elizabeth Gerber, a professor at Northwestern University, has studied crowdfunding and says there are four primary reasons why people give:

1. Because of a reward system, people want acknowledgment.
2. Because they have a connection to one of the people seeking donations.
3. Because they want to be a part of something, be part of group
4. Because they want to support efforts analogous with their beliefs.

“We give a large part because of our identity and what we either vicariously want to experience or what we already value currently. So if you had this fantasy of becoming a movie producer, but you haven’t quite made it there — you’re going to give potentially to that initiative because you can feel like you’re part of it without actually having effectively done the work of it, if you will,” says Gerber. “What’s interesting about crowdfunding is that when you give money, you’re not just giving money and the exchange is over, the relationship lasts. So the content creator will keep you engaged in a way that you wouldn’t otherwise.”……….”

To summarise, its time we go beyond just connecting with friends and families on social media. Facebook, Twitter, Linkedin, etc are great places to connect but we at http://www.funduzz.com want to take it a step forward and leverage on these platforms to raise funds for your ideas.

Visit http://www.funduzz.com and see how your ideas can be funded at the click of a mouse.

Introducing Funduzz.com – India’s crowdfunding platform for creative and innovative ideas

We see Funduzz.com as being one of the leading crowd-funding platforms for creative and innovative project funding in India. We believe no idea is small and should not let it die for want of sufficient funds to bring the idea to light. There are large number of people out there who share and support your ideas. Reach out to them and together fructify your goals in life. We are a group of people who share a common vision to make things happen and are putting in our best efforts to ensure other people achieve their dreams as well.

India’s 1st Crowd funding site for creative and innovative ideas!

India’s 1st Crowd-funding site to bring your Creative & Innovative Ideas to life…Leverage the power of the Crowd and see your dreams take shape!!

Funduzz.com is born!!