Month: October 2015

crowdfunding sites

Inclusion of Crowdfunding sites while Fundraising Projects

CustomerHelp Leave a comment

Crowdfunding of projects is a big hit amongst both, profit and non-profit organizations seeking funds for their projects. An important aspect of crowdfunding is the birth of an idea for fundraising; to implement it is another ordeal. Various crowdfunding sites have emerged in recent years to implement the ideas for facilitating the injection of funds to the project.  However, a point to be noted is that these crowdfunding sites work in different manner for kinds of fundraising projects.

The modern times have seen manifold increase in the type of fundraising projects ranging from school fundraising projects to business fundraising projects. The steps to be followed for implementing the fundraising ideas for all might differ slightly, but one thing is for sure, that throughout the process if they are connected to crowdfunding sites,things would definitely fall in place.

Let’s have a look at the common procedure followed while fundraising for projects, apart from enrolling on crowdfunding sites:

Identify the purpose

Getting a clear picture of the motive behind implementing a fundraising idea is the first thing which must be done. If the purpose is gathered clearly, then making a path to reach it is the only step left.

The idea for fundraising

Especially, deemed for fundraising projects of school, individual or charity, an idea for a fundraising event could be anything ranging from a tea stall to ball dance. However, profit project fundraisers, could also build temporary stalls for community survey and give information about the new things they are going to bring for the society.

Be crisp on the Estimate

Yes, budgeting is very much important for any fundraising project to take flight. An estimate helps you to spend proper amount on things of priority, for e.g. inclusion of crowdfunding sites is important, but your budget might tell you which of the crowdfunding sites is best suited for you.

Attaching crowdfunding sites to your project

After selecting the fundraising idea and estimating the budget, approaching crowdfunding sites like Myefunder.com for generating funds for your site is always a plus point. They help in wide spreading the idea of your project and garnering attention of the crowd, thereby generating funds for your cause or venture.

Implementation of the idea

Implementing the idea includes choosing a leader to avoid confusion, setting up staff for different sections of marketing, sales and service and finally letting the show begin after a few sessions of practice. Moreover, personnel from crowdfunding sites could also help you in implementation.

Being Grateful

A “thank you” is the phrase which lightens up the heaviest of souls. Thanks-giving to all those who helped making your project a success is the best way to finish a fundraising project including the crowdfunding sites, so that the next time you meet them it would be with a smile,both on their faces and their hearts.

An idea for funding projects might be the progeny of a single brain, but its successful implementation is a result of healthy team work and inclusion of crowdfunding sites.

Happy fundraising for your project!!!

Gofundme

Fundraising for Individuals

CustomerHelp Leave a comment

Fundraising, for a majority of years has been the terminology for a group or organization which does it for a cause or venture, but in the recent years the terminology has been adopted in the individual arena also.

Fundraising for an individual is on the go these days as it is seen as an effective way to fulfill immediate, urgent needs of an individual like funds for serious illness , funds for a gap year or any other sort of serious cause. To the delight of the person in need, fundraising for individual cause is also backed by crowdfunding platforms like Gofundme and Myefunder.com. These crowdfunding specialists have a firm grip over the market and have the essential qualities to garner fund from individuals or groups. However, it is important to know how you can direct Gofundme to “go fund me”.

Finding the correct “go fund me” company

The details of the crowdfunding platforms which can help can be easily searched through the internet, but the question of their authenticity should be checked always. They should be checked for their registration details of with the government. Companies like Gofundme and Myefunder are known for their authenticity in the field of fundraising for personal cause.

Moving to a crowdfunding site is not the only thing; you have to make yourself an inspiration. A crowdfunding company could follow your words “go fund me” only if they get the realization of how far can you go to fulfill your agenda. For this there are few tasks that you can do by yourself,

  • Choose a physical challenge, like swimming 200 lengths or walking 300 kms; such an activity may definitely gather the support of platforms like Gofundme for you and your cause.
  • Being productive: Producing things at home and selling them right away would give you the profit, but if the same idea is implemented using Gofundme then the profit would very early turn out to be the amount you need.
  • Restrain from thinks you like: This practice is not much common, but indeed it can be fruitful if you do it in collaboration of a company to which you can say “go fund me”. These companies can then garner the support from the crowd for your cause. Gofundme and Myefunder.com are some well known companies which can help in this regard.
  • Being creative: For those who can create with their talent can be easily endorsed by Gofundme for showcasing their talent, or using it to create things and sell. Getting the helping hand of a crowdfunding site would surely raise the TRP of your creative abilities.

Not signing off from the original ways, concept of fundraising for individuals has simply added an add-on in the form of crowdfunding companies like Gofundme and Myefunder. These companies bear the load of gathering crowd for the sponsorship of an individual’s cause on the only condition that the individual would perform.

So if you or someone you care for, are struggling to fight any cause, you scan imply showcase your abilities and direct suitable crowdfunding company with the phrase “go fund me”.

Indiegogo

Why go for Crowdfunding?

CustomerHelp Leave a comment

Today, a lot of people think to launch their own indigenous project, but only quite a few are successful in doing so ; most of them are trolled back to drop the idea in lieu of lack of funds. The traditional funding of businesses is the story of past; here we bring to you why an alternative approach of funding a business, project, venture or social cause.

The idea known by the name of crowdfunding is not an alien to people today, but why it stands out of the alternative funding herd is the point of interest in this article. A lot of crowdfunding platforms like Indiegogo, Myefunder.com have raised the bar of funding by introducing the idea of online fundraising. Let’s have a look on why the project initiators are all going gaga over the mechanism of crowdfunding.

  1. Two in one job: The online fundraising via Indiegogo or Myefunder.com is not a mere collection of funds for your project, but the interest of funders gives you an insight of how your product is going to fair in a live market.
  2. Easy to go with: Sweating involved in getting funding through loans and other means is known to all interested and a major portions of it comes from the paperwork involved. In case of an online fundraising through crowdfunding platforms like Indiegogo and Myefunder.com it is a hassle free process.
  3. Getting yourself identified: Once, your projects starts getting positive reviews from the funding fraternity, get ready to handle your fan following. Website like Indiegogo, involved in online fundraising offer facilities to build a community consisting of people supporting the idea and having similar interests.
  4. Minimizing the risks involved: Since the crowdfunding platforms like Indiegogo are easy ways to predict the validity of the project, hence it could be deemed that online fundraising gives an informal certificate of reduced risk in the venture. This scrutiny allows you to take a deep breadth and play safe.
  5. Increase in the number of success: The increase in the number of supports to the project follows with the revelation that a number of people feel attached to the venture and are keen on knowing its each and every update. It is the after effect of the online fundraising that two persons sitting at different geographical locations might feel elated at the success of a common project.
  6. Inherent nature: One of the main reasons to opt for online fundraising through Indiegogo and Myefunder.com is the concept of crowdfunding itself. Being different from traditional methods, crowdfunding gives you an upper hand owing to the fact that here you can target the audience specific to your requirement. You get a survey platform, a testing environment and a bunch of supporters’ right in front of your computer screen.

Crowdfunding platforms like Indiegogo, through their online fundraising concepts have brought revolution in the field of start-ups and fund collection for charity. They have vested the power in the hands of user itself; to be the maker or breaker of their concept. The stronger, the better the idea, more chances of it to get successful!!!

Crowdfunding

Crowdfunding: What does it mean?

CustomerHelp Leave a comment

Entrepreneurship these days has scaled new heights; thousands of innovative minds with no dearth of start-up ideas and planned steps are only concerned about the finances for implementation of the idea. However, intellectuals have left no stone unturned in innovating sources of capital funding, and crowdfunding is deemed as one of the alternative ways to finance a project, venture or even a cause.

The idea of crowdfunding involves the innovator or project initiator, crowdsourcing from people or groups who support the idea and a platform which facilitates proper communication and coordination between the two. The following articles give great insights to what actually crowdfunding links to.

The originator:

The mastermind behind the project can choice out of two types of primary crowdsourcing, namely reward based crowdfunding and equity crowdfunding.

Applicable in businesses ranging from software development, research to motion picture promotion, rewards based crowdfunding is done in trade of a future product that would be developed by the company. This saves the shares of the company from distribution to the crowdsourcing individual or group. On the contrary equity crowdfunding mainly deals with sharing of the equity of the budding project among the people involved in crowdsourcing.

The Investor:

It is the crowd sourcing of the project, which is required for building its walls. The funders here are an intelligent crowd, where an individual can choose from a pool of products and services to buy. An individual can, according to his choice act as a funder to a social cause. Depending upon the choice of the project funded in (rewards type or equity type), an individual can be deemed as a stakeholder or not. In the case of both rewards based and equity based crowd funding the crowd takes keen interest to promote the projects for their success lies in the success of the project. A wise funder not only does the initial funding but is laboriously attached with the project and at the end of the day yields up to his expectations.

The facilitator:

Crowdfunding platforms are indeed the matchmaker of the project initiator and the crowdsourcing group. They identify potential companies and publish their shares on their online platform for potential crowdsourcing funders to find them. A few notable crowdfunding platforms are myefunder.com , crowdcube etc., however, these companies function with different ideologies and practices followed by these websites are not the same. Some might focus on small investors while some gain the confidence of the funder to make huge investments, but to summarize, there basic role is of a relational manager between the two.

The point is simple; crowdfunding is very different from traditional project funding techniques, which were mainly meant for the one who had surplus either to invest or to take financial loan. Crowdsourcing not only transforms lives of more than a couple of people but also bestows the society with gifts of innovation and invention. The following crowdfunding platform’s blog http://myefunder.com/blog and myefunder.wordpress.com would help both seekers and funders to get direction to their motivation.

What is Crowdfunding

What is Crowdfunding

admin Leave a comment

What is Crowdfunding

A simple concept which has turned the financial world upside down is crowdfunding. The basic idea is that a number of individuals together, using the internet and put together finances to support a particular cause, project or a business organization. Although the idea seems ordinary, the end result is nothing short of a revolution. But if you are someone who is setting up a new crowdfunding campaign, the common question is what comes next in the process. You need to draw up a strategy to make your campaign well known. Here are a few tips regarding that.

  • Give them a story:

It’s not enough to let your donors know for what you need the funding. Give them a detailed story of everything behind the cause. You can consider having the story told in a blog so it can reach out to people who don’t visit your site. Pictures and videos posted along with them prove to be very effective.

  • Extend your social media outreach:

Create accounts in various social networks in the name of your campaign. Ask your organization members and its supporters to share your fundraising campaign through their pages. Create online events through your page (for example, help baby Mary raise fund for her operation).

  • Giving incentives:

If you are running a crowdfunding campaign as a college student raising money for college expenses, showing your gratitude for their generous donation is a must. It does not have to be an expensive gift. Even a gift basket, self-made card, or a thank you email would suffice. The donors will find it motivating. Also, posting a picture of your latest grades or transcripts to show that people’s hard earned money is going to the right place and not just being blown away.

  • Engage with donors in real life:

You can pour in all your efforts on the internet trying to raise funds. But nothing works better than interacting with the donors personally. Don’t forget that your family, friends and neighbors are the very first potential donors to your cause or project. Family gatherings, small backyard parties, inviting your colleagues over for a get together are very good ideas.

  • Press coverage is a must:

Although social networks are a huge deal, getting press coverage is necessary. You can get articles published in university and local newspapers. This will have a major impact drawing crowds from the student community.

  • Quantitative deadline strategy:

This involves setting up a deadline for the goal (example: $100 away from our $3000 goal and only 5 days to go)

http://myefunder.com is the #1 crowdfunding site and has huge community support and gives crystal and clear idea on crowd funding. Please follow, like and share us and our content on all social media.

MyEFunder.com

Choosing the Right Crowdfunding Site

admin Leave a comment

Choosing the Right Crowdfunding Site

Are you planning to start a crowdfunding campaign to raise money for your cause, upcoming project or convert your concept into a real product? It can be a difficult and sometimes very frustrating to chose the right crowdfunding website because not all crowdfunding websites are created equally. Some of these websites are categorized as “general” where you can raise money for any type of project including asking for donations like you can do on MyEFunder, Indiegog, RocketHub and StartsSomeGood etc. Where there are many websites which are limited to specific types of projects like Appbackr which is designed to raise money for software application design projects etc. So how do you decide which crowdfunding website would be best for you and help you raise the maximum funds.

The following are different ways to choose the right crowdfunding website. This will not just increase your chances to make your campaign successful it will also give the most effective results, for example fan following, product promotion and less fee, to name a few.

Know your project or cause:

The first thing before you start searching a crowdfunding website, you need to know about your project or cause. Is it a local based project or you want to raise money from all part of the world? What type of people would get benefits from it? What is your target market? This will help you to decide the type of crowdfunding website would be best for you.

Know crowdfunding websites

Search engines like Google, Bing and Yahoo will list of many crowdfunding websites. Visiting all of these sites and learning their terms and condition, their process to pay out funds and how to start campaign can take lot of time but this step is necessary and important. If not, you may end up choosing the wrong crowdfunding platform for your project or cause, which might be the most popular site but not the best place for your crowdfunding campaign. It is a very time consuming process to evaluate each and every crowdfunding website but well worth it. To make it easy for you, we have listed the following basic information about some of the top crowdfunding websites:

  • MyEFunder.com: Personal causes and any project including both creative and non-creative, equity crowdfunding, micro peer-to-peer lending, and real estate crowdsourcing. Both US and International Crowdfunding. MyEFunder is free to sign up, free to start a campaign and does not charge a fee for it’s services. In addition to being very user friendly and easy to promote and maintain.
  • Kickstarter: Only for creative projects and you must be based in Unites States.
  • Indiegogo: You can start any type of project here including charity and donation.
  • RocketHub: Open to all projects but new ideas are most appreciated.
  • StartSomeGood: Website for international users which is opened for any kind of project.
  • Lucky Ant: Open to all hyper-local projects; must be locally based.
  • Appbackr: Only software and application related projects accepted.
  • Wefunder: If you are looking for equity funds, then Wefunder is ideal for you.
  • NewJelly: A special crowdfunding website to promote artists around the world
  • Cofolio: Looking funds for small business? Cofolio help to raise money for small business.
  • Peerbackers: A crowdfunding site for entrepreneurs “and their dreams”.

Explore crowdfunding website:

Once you know about the different websites, the next step is to rank them on the bases of their features, options, fee and business model structure etc. Explore similar projects and what types of projects got the most funding on these websites. You may have your own criteria to rank each of these website. You will also find blogs and commentary about the sites out there that can provide you with some guidance and insight.

Fundraising for Charity

admin Leave a comment

Important facts to consider while fundraising for charity

If you are looking for various ideas that can help you in raising money for charity, this article has some interesting things to offer. It can be your guide, helping you to set up various charity events that are very effective in raising funds.

A Few things to keep in mind

It is important to have certain people in the organization that can successfully run the events planned. Since you will be handling different events, assess them to find their best skills. Leadership qualities, a good attitude and creative mindset are the deal makers. After the evaluation, you have these people put in charge of various sections; you can look into more details. Place someone who is trustworthy to take care of financial accounts. Every donation made to the charity at an event must be recorded. Doing campaign in crowd funding sites will give better result http://myefunder.com is one of the effective site for crowd funding.

When you interact with people for funds, always be thankful and gracious. With economic run down in recent times, many people will restrain on giving money to charity organizations. So, it is important to be outgoing and polite with the potential donors. It will pave you a short route to get on their good sides.

Effective ideas

It does not matter if you are raising money for charity or to fund your business. Using unique ideas for fundraising is important. You can arrange a brunch party in the community with many athletic events for the kids. The events could charge a small pay and at the same you that opportunity to encourage large sum of donations.

Hold a charity concert in the locality. There are several musicians willing to take part in events in order to raise money. Organize games like bingo for a huge group of people. Usually middle aged people are very interested in such events. You can offer small payments for winners that can be easily covered using admittance fee. A rummage is sale something many people look forward. And everyone will have those few things they want to get rid of. Use those donated items to sell in the event.

A new revolution

So, you have burnt out all those charity event ideas. There is no need to fret. Crowdfunding sites on the internet provide assistance to raise money. Find the right website for your need and post your pleas. Of course it takes a lot of hard work and perseverance to convince people to contribute fund for your purposes.

Top Crowdfunding Platforms for Projects

admin Leave a comment

What are the Top Crowdfunding Platforms for Projects?

In short, they are all good.  It just depends what you are looking for and what you are trying to get funded.

How exactly does crowdfunding help to carry out projects?

Are you one of those people who had an excellent idea for a new business, but had to give up on it because of financial problems? Funding for projects is the most crucial step. ‘To make money, you need to have money’ is the ubiquitous belief in the business enterprise. But there is good news for you, in case you are worried about where to find investments. Crowd funding platforms through the internet have become the unanimous solutions to small business owners everywhere now.

Here is what you need to know first. They are platforms to fund your business. There are many such portals out in the world today. For instance, kickstarter is one such successful portal that has stood by many small ventures, carving their way to great accomplishments. Crowd sourcing is a way to get money, but not without hard work and persistent passion. Even if it takes a long time and many attempts to finally complete the project, you should have the perseverance to do it. Ultimately, it’s your hard work, confidence and strong belief that will drive the whole venture.

How it works?

You must be familiar with the idea of passing the plate around in a church gathering. The concept of crowdfunding is the same. Many other people who believe in your idea come together and pool out their resources for this cause. Sometimes, the result of these generous donations can be staggering, amounting to over hundreds of thousands dollars even when the aim had been just in the tens of thousands. However, it’s unfortunate that a few projects not at all get funded. They are the best examples as to what changes hard work can bring in.

If you think that putting up your project on a famous crowdfunding website amongst so many out there like indiegogo and http://myefunder.com, will automatically drive people to invest in it, you are hugely mistaken. You will have to drive the search traffic of the site to your project. You require creative crowd funding ideas. So, you need to sit down and draw a complete plan of your activities. Make use of various social networks to spread the word about your project. You can tag pictures, videos and surveys explaining why the project is bound to be a success. Concentrate on different angles of the project which will draw interest. So, go crowd sourcing and make yourself a success story.