Asessor; Alex
1. What does crowdfunding mean?
Crowdfunding is when a project is helped funded by donations from other companies or the public (such as kickstarter) inorder to make a product/project.
2. State two advantages for an independent project.
.Get to decide on the final look of the product and isnt influenced by a conglomerate
.Can pay less wagesfrom the funding as there is less staff so it can go towards the production
.Can use social media which is free advertisement
.Can pay less wagesfrom the funding as there is less staff so it can go towards the production
.Can use social media which is free advertisement
3.State two disadvantages for an independent project.
They won't have as big of a buget to create something so they may have to miss out elements becuase they cant afford it.
Difficult to make people aware of your project let along obtaining donations
Difficult to get donations if you dont already have a fan base or a good reputation
Difficult to get donations if you dont already have a fan base or a good reputation
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