Crowdsourcing and Crowdfunding Explained – What’s the Difference?

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What is the difference between crowdfunding and crowdsourcing? How can you use each of these for your business? Which one is right for you?

There’s a lot of confusion between these two terms. I’ll try to clear that up a bit in this video. It’s hard because there are also some similarities between these terms.

At the end of the day, you can use either to enhance your online business and both are powerful ways to add more value to your customers. Personally, I believe that crowdfunding is a form of crowdsoucing. I choose to focus on it because I’ve seen how it can change the lives of so many entreprenuers.

Hope you enjoy the video.

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