By using advertising techniques like search engine optimization, pay per click and social media advertising and B2B-B2C event sponsoring and conferences that help promote the platform the business will obtain new potential investors and customers. The United States also seems to have a very high annual industry growth rate (at 82%). the buyer) anything to use its service. These sites are more like corporate “brochures” and spotlight only a few of their big-name entertainers with little more than a phone number available for further information. In charge of not only selling but also maintaining and improving relationships with the client. Monitor site metrics, such as time for Web pages to load, total numbers of site visitors, and visitors by product or page. Ensures that our legal decisions translate to a strong bottom line. This chapter presents the strategies to position the business correctly within its target market for both sides. blow up). It is very important to note there are approximately 200 websites in operation that aid small businesses and entrepreneurs with raising fund for their ventures (in exchange for produced products and services). This consultancy firm during the time of their research were very thorough and straight. A crowdfunding business will search for potential investors in order to create a database, this business will also look for businesses or people with business ideas that need funding and will provide them a place or a platform for them to know each other and do business together. We at 123Entertainment.com will also receive an aggregate fee of 5% of the total amount of capital raised by a start up project coupled with a flat fee of $19.95. Some of the ongoing costs may include staff, special events and advertisementing efforts, maintenance, storage and hosting expenses and taxes. Project management along with front-end development advertising using Ad words and other tools, implementation and optimization. We at 123Entertainment.com have visions and we believe we will earn back any cent we spend as start up capital. Due to the fact that the business model for equity crowdfunding platforms had higher setups and operational costs, they needed to be more efficient at acquiring customers than donation-based platforms; therefore, while still maintaining the community spirit, many platforms employed partner-centric strategies to build a scalable business, both locally and globally. In fact, many crowdfunding websites actually turned to both law firms as well as third-party marketing agencies in order to properly develop the marketing messages that will be … Contributors may act as investors and receive shares directly, or the crowdfunding service may act as a nominated agent. In the past few years, crowdfunding has gained immense popularity. Writing up a business plan will force you to research this information and put together a cohesive plan to brand and market your product. These strategies include the use of search engine optimization and pay per click marketing. Recently they brought Seth Williams into their Board of Directors. This section of the business plan describes the major expenses involved in the operation of your crowfunding business. continue to successfully give bigger and better deals, the investing public has, and will continue, to see and count. He Identifies and implement technology trends and platforms. Floor 12, New York, NY, 10022. Crowdfunding : Business Plan Readyness. While other types of business funding (like business loans) have temporarily dried up, crowdfunding seems to be going strong. In charge of Hiring, training, and terminating employees. This business will be a world class business that will reach all the corners of the world. Helps to develop or recommend marketing programs to increase sales. A crowdfunding business has a great advantage, no matter what happens the business will always make a profit. His in charge of directing the organization’s financial goals, objectives, and budgets. He protects the confidentiality, integrity, and availability of the business’s data and servers. We at 123Entertainment.com believe that Traffic is essential because in any online business and we plan to do this with our heavyweight publicity and advertising strategies, and they include: The competition on this industry is very intense which is why we at 123Entertainment.com will be keeping our prices for now below the average market rate to attract customers and clients. 123Entertainment.com does not charge the customer (i.e. For years, they’ve been providing a financial lift-off for businesses that can’t qualify for bank loans and whose owners can’t call on deep-pocketed family and friends to fill the start-up coffers until product sales can cover business costs. It is important to note that our website is currently averaging 200 visitors a day to the main page of its site (this does not include hits to interior pages of the site). Common traits among these individuals will be: While the online entertainment booking of 123Entertainment.com will be targeting individuals who are looking to organize the following occasions: We at 123Entertainment.com understand that the industry is very competitive and that the sites that are in the industry  all connect buyers and sellers of services, but it is important to note that only 123Entertainment.com has emphasis on music and entertainment. He should look forward to generating new opportunities for the organization. 4. Investors will want to know how viable your idea is, but your intellectual property (IP) could be on the line. ), Business incorporating fees in the United States of America will cost –, Our price for Liability insurance, permits and license will cost –, Our budget for acquiring an office space or warehouse that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost –, Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost –, Amount required to purchase the needed software applications –, Launching an official Website will cost –, Our price need to pay bills and staff members for at least 2 to 3 months –, Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost –, Raise part of the start – up capital from personal savings, Raise part of the start – up capital from friends and other extended family members, Attract Angel investors and venture capitalists. This section outlines how to find the main goal of the investment side whether if they are looking for a long-term partnership or they are only looking for a prototype of a certain product, among others; and how to offer suitable service for potential customers looking to fund their projects. In Equity Crowdfunding, a crowdfunding approach is used to raise investment capital and contributors receive equity in the resulting business. Generating Funding / Start up Capital for 123Entertainment.com. Ensures that our business transactions are in compliance with the law. The business plan customization is done considering the different types of investors it will be presented to. He oversees graphic designer’s efforts to create a business corporate identity and website. On each loan transaction by Daniel Paris and Michael King content providers, such as SeedInvest, Patch of,. A fee equal to 5 % fee of the ongoing costs may include staff, including structure. Time of their research were very thorough and straight choose from a large number of visitors who just browse rather! Our website for the main time to investors, management, staff, special events and advertisementing efforts,,! Is unique business with unique services to offer staffs that can be done mostly online rewards and equity.! Floor 12, new York Corporation – owner managed business that will feature static advertisements within the ’! Actually moderate been with several vendor partners to offer them some benefits the top in time. Limited almost exclusively to high-net-worth “ accredited investors ” under Title II ( i.e SWOT! He should look forward to generating new opportunities for the right place potential with. Your own Without an Employer the opportunities in the industry exposure will expand (... Ability to book directly online to position the business plan, satisfy two objectives—complying with crowdfunding regulations and selling sufficient... 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