What is the primary focus of crowdfunding according to the video?
Understanding the True Purpose of Crowdfunding

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Business
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Professional Development
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Getting easy money from the crowd
Understanding market needs
Building a personal brand
Avoiding bank loans
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the speaker suggest supporting existing crowdfunding platforms?
To gain financial support
To learn how they operate
To compete with them
To avoid market research
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do before spending money on a new product idea?
Consult a financial advisor
Set up a crowdfunding campaign
Launch a marketing campaign
Hire a product designer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can crowdfunding help save money?
By reducing production costs
By avoiding unnecessary market launches
By lowering advertising expenses
By attracting investors
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key benefit of crowdfunding mentioned in the video?
It validates your ideas
It guarantees product success
It provides instant profits
It eliminates competition
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