Month: December 2016

Crowdfunding for Travel

Top 5 Platforms for Crowdfunding for Travel

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Travelling is so amazing! Especially for all those wandering souls who love exploring new places. But amidst all this good of traveling, there is something bad as well – The expenses. No matter how much you love traveling, you have to limit it because come one, we don’t have all that money. But there is a solution – Crowdfunding for Travel. Yes! Crowdfunding for travel can help you cover all your traveling expenses. But you might be wondering why would someone pay so that you can fulfill your wanderlust? Well here’s why.

How does Crowdfunding for Travel work?

Answering to the previous question, no people don’t pay for you to have a joy ride. But people would fund your travel expenses if your trip would do some good to the society or is meant for a purpose.

Say, for example, you are traveling to a flood-hit area to help the victims. But you need money to do so. In that case, Crowdfunding for Travel would work for you. All you need to do is launch a campaign with a good crowdfunding website. Here is a list of the website which might help.

Websites for Crowdfunding for Travel

There are many websites in the market today meant for crowdfunding. Some websites are dynamic and launch campaigns for all types of projects. While there are some other websites which focus on a given niche. All these websites have their own pros and cons. It is just upon you what suits you.

#Go Fund Me

Go Fund Me is a crowdfunding website which launches all sorts of campaigns. Be it charity, sports, education or anything else. Additionally, they have a dedicated section for crowdfunding for travel. Here, they allow you to start a campaign in a matter of minutes. They also help you reach your target audience.

#Plum Fund

Plum Fund is a dedicated crowdfunding for Travel website. Not just for social causes, but Plum Fund allows you to crowdfund even for personal trips. The website is quite easy-to-use. All you need to do is launch your campaign, publicize it and receive your payments.

#Travel Starter

Travel Starter as well, is a website dedicated for crowdfunding for travel and tourism. With this website, you can crowdfund for any single project related to travel and tourism. It can be personal, professional, social or anything else. The website allows you to do it all.

#Fund My Travel

The tagline of the website says, Fund meaningful travel experiences. Thus, it is a dedicated website for crowdfunding for travel. The website is very responsive and well-built. On the home page, you can find details like days remaining, amount raised, etc. of different projects.

#Go Get Funding

Go Get Funding is also a multi-purpose crowdfunding website. However, it does allow crowdfunding for travel as well. The website allows you to launch a campaign for free. An amazing feature of this website is that it allows you to compare it with other leading websites right at the home page. You just have to select a competitor website and they will tell you why they are better.

Crowdfunding Sites in India

6 Best Donation-based Crowdfunding Sites in India

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Donation-based Crowdfunding is the type of crowdfunding wherein people chip in money for a noble cause. The donation can be done for a social issue or even some personal issue.

For crowdfunding online, you need to launch a campaign with a crowdfunding website. Now there are many crowdfunding sites in India. But there are some of them which specialize in Donation-based crowdfunding. Whenever you want to raise money for a humanitarian cause, you can use these websites. Here are the top 6 donation-based crowdfunding sites in India.

#Wishberry

Wishberry was founded by Priyanka Agarwal and Anshulika Dubey in Mumbai, India in 2010. It is one of the crowdfunding sites in India which focuses just on donation-based crowdfunding. The model they follow is called ‘donations-for-rewards’. The website mainly focuses on creative projects like music, art, dance, stand-up comedy, etc.

The specialty of this website is that they provide a campaign advisor. This campaign advisor guides you throughout the crowdfunding process. Thus, you can have higher success rates.

#Ketto

The founders of this crowdfunding website are  Kunal Kapoor, Varun Sheth, and Zaheer Adenwala. Ketto is one of the most popular and efficient crowdfunding sites in India. It supports mainly 3 types of projects:

  1. Projects meant for a social cause.
  2. Creative projects.
  3. Projects for personal development

Also, the charges of the website are pretty reasonable. They charge 5-8% of the amount raised of $30, whichever is higher

#Bit Giving

The founder of the website is Ishita Anand. While, the company headquarters are  in New Delhi. This is one of the crowdfunding sites in India which focuses on donation-based crowdfunding. The website allows campaigns for social projects, creative projects, etc. However, 15% of the website’s campaigns are for fundraising for medical causes.

Additionally, the company has made contributions to some national issues. The website raised funds for sending an athlete to the Olympics. Also, they successfully raised funds for the Nepal earthquake victims.

#Catapooolt

Satish Kataria is the founder of Catapooolt. This one as well is one of the crowdfunding sites in India working for donation-based crowdfunding. The company focuses on social, political and creative projects. Additionally, the company is also popular for funding Aam Admi Party – A leading national political party of India.

The website has till date funded more than 50 crowdfunding project. Also, they have successfully raised more than USD 150K.

#Fuel A Dream

Fuel A Dream is one of the Bengaluru-based Crowdfunding sites in India. The website allows campaigns for social, creative and charity projects. Additionally, the website allows you to choose the model of campaign you want. You can either go for the All or Nothing Model or the Keep What You Get model.

Also, the company has its marketing team and a creative team as well. This would help you to launch a successful campaign.

#Impact Guru

This is one of the crowdfunding sites in India which not only allows donation-based crowdfunding but also reward-based and investment crowdfunding. The company headquarters are in Mumbai, India. Various non-profits, NGOs, etc. can use the website for Donation-based crowdfunding.

The website works globally. It has raised money for causes from 6 different countries.

Why Crowdfunding

Why Crowdfunding?

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Business organizations, Non-Profits, NGOs, fund-raising is something every organization needs to consider sometime. You might need to develop your organization, work on some project, or something else. But whatever be the case, you have to go for some method of fund-raising. While there are some other traditional methods of fund-raising like bank loans. But there is a better option – Crowdfunding. In this article, I will tell you why Crowdfunding is the best fundraising option.

What is Crowdfunding?

Before going on to the Why Crowdfunding part, let us first understand what is crowdfunding.

You have an idea which is either profitable or meant for social good or maybe even your personal use. To work on it, you need money. Now there are a bunch of people out there who have money and might be interested in investing in a profitable idea. So you go out to them, tell them about you idea. If it convinces them, they invest.

This is the simplest explanation of crowdfunding. And trust me! This doesn’t just look promising but is extremely profitable in reality as well. Now let us move to the Why Crowdfunding part.

Why Crowdfunding?

#It gives you a positive reputation.

A successful crowdfunding campaign not just yields you money, but also a good reputation. Your potential customers would trust you more since there is already a crowd who has their faith in you. Thus, you get a pre-formed positive reputation in the market. This is one of the best reasons why crowdfunding is an amazing option.

#Your first customers are Ready!

When you are crowdfunding for a business venture, your backers are all ready to become your first customers. Since they have invested in your project, they have ample faith in you. Thus, when your product releases, they would be the first ones to buy it.

#Your concept gets feedback before market lunch.

Not everytime the market receives your concept nicely. The approval of critics doesn’t matter. The customers should like it. Now since your backers are from the normal crowd, they would be able to give a genuine review. If they receive it well, you can be sure that the market will receive it nicely too. This is why crowdfunding becomes a profitable option.

#Donors are ready for your next initiative in case of Donation-based crowdfunding.

This is the reason why crowdfunding is a feasible option for NGOs and Non-profit organizations. An NGO doesn’t need money just once in a lifetime. They need fund-raising at frequent intervals to sustain their organization. When you choose crowdfunding as the method of fundraising, you have donors ready even for the next time. This is because once the people who have donated to your organization know about your work. Thus, they will crowdfund your next project as well.

#Your costs for fund-raising are minimized.

When you use traditional methods like a bank loan, you have to repay the amount back and even pay the interest. But this isn’t the case with crowdfunding. For non-profits, you just have to invest in publicity. For other ventures, you have to invest in marketing and rewards.

There ain’t one but many reasons why crowdfunding is the best option. Now whenever someone asks you why crowdfunding is the best, you surely have an answer.