Small Business Lending and Crowdfunding during the Holidays - Best Webhosting

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Katherine Lynch of Kiva encourages small business owners to consider crowdfunding to prepare for the holiday season. Brought to you by GoDaddy.

As we approach the holiday season, it’s crucial to have a plan that will help your business move the needle and stay afloat during the pandemic. Katherine Lynch, Senior Manager of US Partnerships at Kiva, shares intel on what steps small businesses need to take to successfully prepare for fundraisers and crowdfunding. With an emphasis on being ultra specific when communicating a plan for the acquired funds, small business owners can get the support they need from their community through social connectedness. Katherine reminds everyday entrepreneurs to be brave and vulnerable enough to ask for help — not only will you receive, but you’ll create valuable connections along the way.

OWS Blog: https://www.openwestand.org/how-small-businesses-can-give-back-to-their-communities-even-during-the-pandemic

References:
The global crowdfunding market is projected to nearly triple by 2025. https://blog.fundly.com/crowdfunding-statistics

Funds raised through crowdfunding grew 33.7% last year. https://www.fundera.com/resources/crowdfunding-statistics#:~:text=editorial%20team%20alone.-,Crowdfunding%20Statistics%3A%20Overview,through%20crowdfunding%20in%20North%20America.&text=22.4%25%20is%20the%20average%20success%20rate%20of%20crowdfunding%20campaigns.,an%20average%20of%2047%20backers

78% of successful crowdfunding campaigns exceed their funding goals. https://blog.fundly.com/crowdfunding-statistics

Crowdfunding campaigns with videos earn 105% more than those without videos. https://www.fundera.com/resources/crowdfunding-statistics

Kiva Links:
https://www.kiva.org
https://www.facebook.com/kiva
https://www.youtube.com/user/kiva

Resources for Small Businesses:
Venture Forward study: https://www.godaddy.com/ventureforward
GoDaddy small business tools and resources: https://www.openwestand.org
Up-to-date info on COVID-19: https://www.cdc.gov
COVID-19 resources and grant information: https://www.covid19businesscenter.com

The information contained in this video is provided for informational purposes only and should not be construed as an endorsement or advice from GoDaddy on any subject matter.

#GoDaddy #OpenWeStand

Published: Wednesday, November 11, 2020 7:34 PM
Category: WebHosting GoDaddy

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