Funding can be done in many different ways the reason it can be done in many different ways is because it can come from different sources. For instance:
- Grants
Grants is when the government or local council have loo at you project to see if they should provide you with the money to fund it. This is useful because you don't have to pay back the money to the government. This is mostly beneficial for companies.
- Advertising
This is when you send a message to pope to communicate to help them fund your project. ASA is in charge of all adverts. ASA look into the idea when it being advertised this is due to the project being shown to social media.
- Sponsorship
A sponsorship comes from grant and advertising. A sponsorship occurs when the company agrees to pay or helps promote their company. This allows both business to work in favours as one funds the company the other promotes the company.
When looking at the use of funding for my idea I would use advertising for this. This is due to TikTok having a big platform and everyone uses it. Using this platform will help me fund my radio show. Having the help of TikTok will allow me to get more audience for my radio show.
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