Active Social Media Presence Boosts Funding for Crowdfunding Campaigns
Crowdfunding platforms help creators bring new products to market. Equity crowdfunding is gaining popularity, allowing entrepreneurs to raise money from a large pool of potential investors. By studying crowdfunding campaigns on Crowdcube, researchers found that being active on social media and engaging with the crowd positively impacts funding success. This means that using social media effectively can increase the chances of a successful crowdfunding campaign.