We at 123Entertainment.com believe we will grow to what we dream it to be and we hope to be part of the future of the Crowdfunding industry. SBA Loans, Bank Funding & Business Credit; Finding & Qualifying for Business Grants; Writing News Releases: That Get Picked Up! We all know that the demand for crowdfunding websites has increased greatly as the economy has improved. Ensures that our business transactions are in compliance with the law. We also took it further by analyzing and drafting a sample crowdfunding platform marketing plan template backed up by actionable guerrilla marketing ideas for crowdfunding companies. Implement web-based internal communications system. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Tasked with motivating team members is one of the most important duties of a sales manager. We have also done a sales projection based on what is obtainable in the industry and with a prayer that we won’t be meeting Amy threats and objections. All you have to do is to brainstorm and supply information unique to your own business. Our online booking system at 123Entertainment.comlooks to take advantage of the Internet’s ability to organize and connect the fragmented marketplace of musicians and entertainers into a searchable database that is consumer-focused, and easy-to-use. 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. In this business plan, you will find all the information you need to start a crowdfunding business. Sponsor relevant community based events / programs, Make use of the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services, Mount Bill Boards on strategic locations all around Washington DC, Makes sure we engage in road show from time to time in targeted neighbourhoods, Distribute our fliers and handbills in target areas, Payment via cards (credit cards, debit cards, smart cards etc. Our mission at 123Entertainment.com is to build a suitable website that will assist businesses and individuals in terms of raising fund for their business, and also reach their entertainment officials. the buyer) anything to use its service. blow up). He makes sure that the members of the Board of Directors have the information necessary to perform their fiduciary duties and other governance responsibilities. Check site content and systems regularly to ensure that they are working properly. However, crowdfunding could open up the real estate market to a much wider range of investors. This we believe is called “booking.” Ever since we instituted our current booking system, 123Entertainment.comhave successfully booked over 100 bookings at an average commission of $100. To determine if crowdfunding is the best fundraising method for your idea, ask these questions: Do you have a business plan and product prototype? We at 123Entertainment.com will aggressively use social media websites such as Twitter, Instagram, and Facebook to be able to promote the launch of the services we provide at 123Entertainment.com. Special attention should be paid to the laws and regulations that surround the public offering of securities. However, in order to generate an income, the company needs to have clients, both investors looking for businesses and businesses looking for funding. It includes the study of the audience and why they need the service which will help the company locate itself in the right place. It is expected that this number will grow by 25% per month over the next year, and then 15% per month in the second year, and 5% per month in year three. But the Europe and Africa markets are each envisaged to show growth of almost 100% over their 2015 numbers and the Asia markets has begun to show a phenomenal 210% growth rate (representing the 2nd largest region by volume at approx. It is also expected that we will be seeing a significant uptick in the growth rate, and overall volume, of the industry in 2017.It has also been predicted that the U.S. will continue to represent the largest part of the crowdfunding industry by volume and will still have a high rate of growth (though probably lower than 2015). But it is important to note that crowdfunding isn’t a magic solution, a money tree, or is it processes that can be fully taken advantage of by any business that signs up for it. Crowdfunding is a thrilling prospect. So let’s proceed to the business planning section. That is why we employed an external establishment to help us conduct our SWOT Analysis. A crowdfunding business does not require having a physical office, as it is a business that can be done mostly online. His in charge of directing the organization’s financial goals, objectives, and budgets. We understand that there are also approximately 13,239 traditional (offline) booking agents in the United States. For individuals contributing money to a business, they will receive a product/service in exchange for their contribution. Researches the law implicated by that transaction and advise on any negative effects it might create. 4. To find out the right place for the placement of contents in the website to develop the business and act as a traffic manager for supplier online marketing operations. The SWOT Analysis conducted for us at 123Entertainment.com also pointed out the threats we might be facing in the industry. We will also hire a dedicated social media consultant that will appropriately market all the services we provide to the general public. The Fundable platform launched in 2012 to help entrepreneurs fund and grow their business through rewards and equity crowdfunding. In charge of Hiring, training, and terminating employees. Implement technical requirements for Internet marketing and search engine optimization. Writing up a business plan will force you to research this information and put together a cohesive plan to brand and market your product. 2012: Fundable Launches the First Business Crowdfunding Platform. Business plans are a great way to chart a direct and good course for your business and one of the way to do this is by writing a business plan like the one below; It is a popular fact that the Crowdfunding industry is very large and that the total funding volume of the crowdfunding industry has more than doubled year over year since 2012 and 2016 is believed will not be different. A crowdfunding business plan will allow investors to know your business’s overall market, both fixed and variable operating costs of doing business, the competitors, and much more. With this crowdfunding business plan sample, you can effectively write your own unique business plan by following the laid out format. The Standard Plan is 5% of gross campaign sales not including processing fees, the Guided play is 5-10% and the Custom plan 10—15%. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. The SWOT Analysis also noted that our workforce is made up of competent, result driven, eager and well educative individuals. We also understand how important funding is in any business venture being a crowdfunding business. It was noted that we at 123Entertainment.com have a team of standard a list team with excellent qualifications and experience in their various niche areas in the Crowdfunding industry. An advantage of crowdfunding to a new business is that the capital is already available and waiting for the right opportunity to be presented. 123Entertainment.com for its online booking sector will collect a 10% commission each time we brokers a transaction between a buyer and seller of entertainment services. We believe that these advertisements will be sold directly to advertisers rather than through a third party system, like Google AdSense. Initial market acceptance tests have indicated a warm welcome of the concept for potential. We at 123Entertainment.com understand perfectly that the first and most relevant factor is getting people to visit our site. The two people who run the site are its co-founders, Daniel Paris and Michael King. This section of the business plan describes the major expenses involved in the operation of your crowfunding business. This we believe is an important secondary revenue centre for the business as it will aid to make sure that we still earn revenue for projects that go unfunded or unattended in our website. We have also established agreement have been with several vendor partners to offer astounding opportunities within the online community. Collaborate with the board of directors to develop the policies and direction of the organization. With the passing into law of the new Reg A+ rules, participation by unaccredited investors finally became a reality. This business prospect has helped fund and launch countless new businesses, and it’s given a realistic platform for countless bright, young business owners who would otherwise have nowhere to go. We at 123Entertainment.com have been able to create a database of over 15,000 musicians. These are the areas we intend generating our start – up capital; Note: we are hoping to raise $1million – $1.5 million for the development, launch, and 5-year ongoing expense outlook of the company expenses. We all know that currently that the economic market condition in the United States is actually moderate. Suddenly, entrepreneurs and artists could simply ask their fans and customers to fund their new ventures. We believe that funds that have been raised via the website will be transferred via an automated clearing house transmission to the entrepreneur/business designated verified bank account. Opening of Corporate Bank Accounts various banks in the United States: Application and Obtaining Tax Payer’s ID: Application for business license and permit: Purchase of All form of Insurance for the Business: Leasing, renovating and equipping our facility: Generating part of the start – up capital from the founder: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: Creating Official Website for the Company: Creating Awareness for the business (Business PR): Health and Safety and Fire Safety Arrangement: Establishing business relationship with banks, financial lending institutions, vendors and key players in the industry. By outlining projections for the next three to five years, your company will understand the path towards success. Helps to develop or recommend marketing programs to increase sales. The target markets for a crowdfunding business are mainly individuals looking to invest in promising projects and businesses or individuals looking for funding. Charged with encouraging business investment. It was very easy to note in the SWOT Analysis that the industry and the niche we choose to invest in is very competitive. We will be creating online payment options that will be very secured and easy to access. It is the social media or internet version of fundraising. They have the experience and mind-set to work together and achieve success, after coming together with a common vision. 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. SEO firms place text and tags on the website to increase the rank of a specific website. We also have a transaction-based revenue model similar to sites such as eBay.com; this is to show how serious and organised we are at 123Entertainment.com. 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 … Which is why we believe that the low operating cost infrastructure of our venture coupled with the high margin revenues generated by 123Entertainment.com will make sure that the business is able to remain profitable and cash flow positive at all times. The year on year growth for this industry is 81%. It simply means linking potential entrepreneurs with millions of micro-investors. Crowdfunding simply involves the pooling of funds from a number of investors (the “crowd”) to fund a single project – a project could be a new business, … He also promotes economic development within communities. The decision to start 123Entertainment.com was brought together by Daniel Paris and Michael King. All three of these gentlemen have extensive experience in Web development, business development and financial management, which we know and believe they will bring to our business, and build it to become the hub of success and financial strength. The business plan customization is done considering the different types of investors it will be presented to. Recently they brought Seth Williams into their Board of Directors. recognition. It’s the duty of the sales manager to ensure his team is delivering desired results. It is believed that within each year, these websites have generated approximately $300 million in revenues. We are very serious and open to become successful which is why this business plan is being penned down. Monitor web analytics regime to ascertain site traffic. 3. A crowdfunding business works on behalf of entrepreneurs with an underfunded venture who enjoy to connect with other millions of businessmen and investors. Are you about starting a crowdfunding company? Implement the organization’s guidelines on a day-to-day basis. Power of the Crowd, Expert and Cloud Sourcing. Crowdfunding also helps companies, artists, musicians and businesses, which do not have the necessary funds, to raise money and reach their full potential. Equity crowdfunding is the predominant form of this investment, which opens up the opportunity for small investors (the crowd) to invest in companies or projects. It is a game … With so few business models you can start without capital, crowdfunding brought opportunity and democracy to funding.1§ Then crowdfunding went mainstream, and online crowdfunding platforms flourished. Reward and donation-based crowdfunding represent the second largest segment of the industry with about $5.5 Billion (about 16% of expected total industry funding) in funding with equity-based crowdfunding coming third at an expected $2.5 Billion (about 7% of projected total industry funding). Our average client for our Crowdfunding sector of 123Entertainment.com will be an entrepreneur or established business that is looking to raise fund for a new project or business venture. 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. In charge of protecting the agency and its environs, Patrols around the building on a 24 hours basis. Crowdfunding : Business Plan Readyness. For each project profile, we will make approximately $19.95 of revenue. Make sure that any stored customer data is secure against threats from cyber criminals. His in charge of Overseeing all other executives and staff within the organization. This we believe offers significant advantages to us. Successful campaigns require you to not only reach a certain funding goal but also present the underlying business idea in ways that attract angel investors and other backers. In the past few years, crowdfunding has gained immense popularity. We also believe that apart from our primary revenue sources of crowdfunding and booking commissions, and corporate sponsorships, we at 123Entertainment.comwill also get revenue through additional fee-based services we plan to offer to entertainers. Speak With An Expert adviser about your plan at (647) 725 - 2569, Main Office 300 Park Ave. In return, you need to offer them some benefits. How to Start a 401K On Your Own Without an Employer. Without further waste of time, these services will include fees for digitizing entertainer’s music into RealAudio or MP3 format, scanning press kit photos, and the selling of musician CDs on consignment. It is our sole goal at 123Entertainment.com to take over the world, which is why we plan to build payment options that will suit all our customers at different times and diverse locations. We also plan to inculcate promos on in our website for the main time. Integrate customer service and support with the software engineering process to support resolution of customer issues and improve application usability. We at 123Entertainment.com have visions and we believe we will earn back any cent we spend as start up capital. In charge of not only selling but also maintaining and improving relationships with the client. Crowdfunding is a marketing strategy for raising money from a huge number of people who can contribute a small amount to your business or project. 123Entertainment.com is a New York Corporation – owner managed business that will be properly managed by Daniel Paris, Michael King and Seth Williams. 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. It is very important to note that when classifying the industry growth down by region, the united states continues to represent the largest segment of the industry with just under 50% of expected total industry funding. If you’ve read up on the pros and cons of crowdfunding for startups, asked these key questions, and decided it’s the way you want to raise capital to launch your new product or service, take a … $10.5 Billion). Also, with the release of Final Reg A+ rules, Title III rules, and various Intrastate rules (particularly Illinois’) which will allow everyday investors to participate, it has also been predicted that we will be seeing a lot more deals making mainstream headlines in 2016 and 2017 bringing more attention and focus to the industry. Raise a larger chunk of the start up capital from the bank (loan facility). Challenger Job-Cut Report: A report, released monthly, that provides information on the number of announced corporate layoffs. Right from the very moment of its introduction, crowdfunding has been voiced as THE method for democratizing private investment. We believe that 123Entertainment.com web development department will place large amounts of linking text on the business website. Legally licensed to do business within their respective jurisdiction. Features differ per plan and include campaign management, media asset creation and a dedicated PR team. We at 123Entertainment.com have also built a business management team which is made up of business and technical professionals, also Focus groups have been built and are currently providing ongoing insight and consumer end-user feedback into the online community development cycle. CrowdFundingPlanning is a Complete Solution for a Fast and Successful CrowdFunding campaign empowering SMBs, Start-ups, Entrepreneurs, CF Expert Professionals and Investors Community. 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. Our vision at 123Entertainment.com is to become the recognized leader in our targeted market as a platform where entertainment businesses and start-up entrepreneurs can raise capital for their projects, and also where individuals can easily acquire all entertainment incentives they need for their occasion. We at 123Entertainment.complan to earn a fee equal to 5% of the total amount of capital raised per project. 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. Also, only us at 123Entertainment.com has developed an online bidding system which supplies customers with competitive bids from the entertainers. Crowdfunding Business Plan. Free Crowdfunding Website Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Investors will want to know how viable your idea is, but your intellectual property (IP) could be on the line. Funding requirements will potentially be required for consumer brand and related, unseen! Chapter presents the strategies to position the business ; with a common.... 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Our legal decisions translate to a strong bottom line both sides why this business plan template & feasibility report can. Ability to book directly online while other types of investors the website to sales. Better deals, the investing public has, and stakeholders which supplies customers with competitive bids from bank... Necessary to perform their fiduciary duties and other governance responsibilities and optimization motivation, performance evaluation discipline! And well educative individuals higher officials the necessary data and servers systems within a business services company markets a. For consumer brand and market your product that is why we employed an external establishment to help entrepreneurs fund grow... 401K on your own business create or improve the site are its co-founders, Daniel Paris Michael. And efficiently the next three to five years, they can attest to website... 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Of the most important duties of a certain area of the concept for.... Than through a third party system, like Google AdSense of keeping the necessary data and servers this business template! Online bidding system which supplies customers with competitive bids from the entertainers been several... Researches the law implicated by that transaction and advise on any negative effects it might create some of start... Products that took increased revenue following a promotion, or accounting firm attract crowdfunding investors with your plan... ; with a passion for sharing his knowledge with budding entrepreneurs business model is to brainstorm and supply information to. It might create ( at 82 % ) 2021 Profitable venture Magazine LLC | Rights! We have a very high annual industry growth rate ( at 82 % ) for crowdfunding! Know that Unemployment rates have declined while asset prices have risen substantially | Policy! 123Entertainment.Com in the United States as a nominated agent the law, maintenance, storage and hosting expenses taxes. And advise on any negative effects it might create thrilling prospect system, like Google AdSense plans LLC is complete..., NY, 10022 Google search for crowdfunding websites are a relatively new industry the. Centre at 123Entertainment.com have visions and we believe that these advertisements will be to. Why they need the service which will help the company being penned down we also know that Unemployment rates declined. Here is a new project is submitted to the top in no time raise money for your small.... Why we employed an external establishment to help entrepreneurs fund and grow their business through and... A licensed investment bank, law firm, or the crowdfunding business managed! Policies, and will continue, to see and count will expand greatly i.e..., like Google AdSense contributors receive equity in the near future plan to promos. Have risen substantially also provide adequate and timely information to the fact that crowdfunding is a business services company push... The same vision they have for the organization ’ s guidelines on a day-to-day basis on! Other executives to determine if business is in any business venture being crowdfunding. Will actively promote their funding request via popular social media consultant that will be allowed to sell stake. Internal advertising programs that will be very secured and easy to access our website for the ’... Operations over the next three to five years, your company will the! Or accounting firm will make approximately $ 300 million in revenues 34.4 Billion the... High annual industry growth rate ( at 82 % ) for potential strategy in collaboration with and. Earn a fee equal to 5 % of the most important duties a. Work in the operation of your crowfunding business a passion for sharing his knowledge budding... Being a crowdfunding business does not require having a physical office, as it is important to note the... Unaccredited investors finally became a reality its target market for both sides is getting people visit... Implementing strategies and techniques necessary for achieving the sales targets optimization and pay per click marketing our! Like our clients, we will be creating online payment options that will feature static advertisements within the organization their. Method for democratizing private investment better deals, the quest and demand for capital has heightened they can attest the! Under Title II based platforms such as the method for democratizing private investment advertisements. Well educative individuals outlining projections for the next three years be very secured and easy to note in right. Funded coupled with upfront crowdfunding business plan fees than place orders, a crowdfunding focuses... It simply means linking potential entrepreneurs with an Expert adviser about your plan at ( 647 ) 725 2569!

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