When a bear market hits, it can have a huge impact on people’s budgets.
So, when it comes to investing, some people have tried to use their free time to purchase more things like furniture, car insurance and home improvement supplies.
Others have turned to stock trading to help their finances.
But for those who don’t have a lot of money to spend on free stuff, there’s also the idea of turning to crowdfunding.
The idea is simple: Make a video that features your favorite company and its stock, then sell it for a profit.
There are more than 100 companies on Kickstarter, and the platform is also home to the popular video game crowdfunding site Indiegogo, which has helped many entrepreneurs raise over $3.2 million to fund their ventures.
Crowdfunding can be a great way to get involved with a startup that may not have the resources to pay the bills.
But the best part is that it doesn’t have to be expensive.
For example, one crowdfunding site, Indiegabricks, lets anyone make a video about a company they like and get it promoted on YouTube, Facebook and Twitter.
That way, when someone comes across the video and wants to know more about the company, they can click on the links to see more.
When it comes down to it, crowdfunding can be an easy way to make money if you’re not too frugal.
“Crowdsourcing isn’t for everyone, but it can be great for people who want to try out a new company or learn a new skill,” says Scott Wootton, a venture capitalist at Fidelity, in a recent article for Forbes.
“People who are looking for a fun way to invest in a startup or make some extra cash should check out Indiegibricks, which lets people share videos, pictures and videos of their favorite companies on the platform.”
Want to know what crowdfunding sites have to offer?
Check out these sites.