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Need money to help your young entrepreneur get his or her business project going? Kickstarter may be just the thing. Kickstarter is a start up web platform that matches aspiring entrepreneurs, artists, designers, writers, filmmakers and others with patrons willing to finance their projects.

How Kickstarter Works:

Let’s say your son or daughter wishes to sell customized T-shirts to their friends or teachers when school starts back up. They want to first create a few examples to show prospects, but will need money for materials once people start buying.

You help your young entrepreneur set a fundraising goal, deadline, and an optional set of rewards for backers. The rewards for the project’s backers can be anything, but preferably related to the project. In this case, some backers may wish to have their own custom T-shirt.

If the goal’s reached by the deadline, then backers are charged via Amazon Payments and they get their cool rewards. If the goal’s not reached, nobody’s charged, so it’s all or nothing.

Is This Good for Young People?

I’d say yes, because it allows your young business owner to familiarize themselves with the concept of taking money and
investing it back into the business to gain more money.

The tone that the folks at Kickstarter set is much like that of social networks, meaning that they encourage a good project creator to do the following:
• Create and upload a video
• Spread the word through their network, audience, friends, and family
• Keep backers in the loop with frequent Project Updates
• Engage with the community that develops around their project
• Fulfill rewards in a timely manner

Be sure to visit www.Kickstart.com for more information