Will Crowdfunding Work For 401(k) Support Business?
3 years ago, I created and launched a 401(k) research monitoring service to address what I saw then as a worker inability to correctly understand and manage their retirement investment account. In only 11 months, I made nearly $30K for 3 initial clients. I have a specific methodology and process that results in MONTHLY (not Annual) portfolio growth numbers ranging from 10% to 12%, which is documented by historical client data, which I am able to repeat and replicate with EACH new client sign-up.
This is a niche approach to the $27 Trillion Dollar Retirement Services Industry. I am seeking a $10,000 micro-loan to set up and utilize an effective email marketing campaign (directed to smartphones and tablet messaging) to reach out and sign up more individuals.
I want to stay away from equity and debt funding approaches, and I do not qualify for SBA funding help. Can you explain whether or not crowdfunding is a viable option for helping me to acquire funding? Thank you.
Hi Ron Ingraham.
Congratulations on the growth and success of your business.
If you are looking to avoid debt and equity, that limits your crowdfunding options.
In the United States, Kiva does not charge an interest rate for projects, so although it’s debt you repay exactly as much as you borrow.
Best of luck,