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crowdfunding websites

Fundraising for a Cause and the role of crowdfunding websites in it.

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When it comes to helping a cause, the name Non-Profit organization is the first which comes to your mind. It is well known to us that a good NGO devoted for a particular cause would leave no stone unturned to help realize a cause- be it in terms of financial assistance or any other assistance. However, when it comes to gathering funds for the cause, crowdfunding websites play an important role.

Other than NGO operation, fundraising for a cause can also be for a personal cause of illness, or need. However, common to both can be a crowdfund facilitated via crowdfunding websites.

Fundraising for a cause demands the person to get emotionally attached to the cause for all positive reasons. Let’s have a look at the common aspects of accumulating funds for a cause, both individual and for an organization, more precisely with the involvement of crowdfunding websites

Preparation for the fundraising

As an individual it is you who has to decide whether you want to work for the cause or not, but in order to gather funds for a non-profit organization, discussion with the organization on the course to be followed while fundraising is important. The course includes everything from the fundraising ideas, staff involved, inclusion of crowdfunding websites and the procedure followed for the transference of funds. Another important aspect is the taxation involved on the collected sum. Last but not the least, whether it is an individual cause or NGO, it is important to keep a written record of all the processes and funds involved.

Formulation of core plan

The core fundraising plan is the part on which you have to sweat the most. From coming up with a fundraising idea to giving it a proper track, gathering resources and advertising for the day everything requires both your mental and physical hard work. Your fundraising plan should be planned with preparations of public survey such that it connects to the masses, resulting in making the most out of your effort. It should be further kept in mind that if the next is enacted then personnel from crowdfunding websites can also help in making the core plan

Involvement of crowdfunding websites

To make your ‘fundraising for the cause’ a success to the fullest, it is important to attach the idea with crowdfunding websites. The crowdfunding websites offer your fundraising plan an elevated platform which helps it to garner more popularity amongst the masses, thereby, generating fund for your cause like never before.

Motivation for the fundraising

Above all mentioned aspects, is the motivational conscience for the cause. Belief in your cause is the inspiration behind the whole setup of ‘fundraising for a cause’. In the course of fundraising you could take help from external agents like crowdfunding websites, but the successful accumulation of crowdfund in the whole process defines how closely you feel for the cause and how far would you go to see it flourish?

A successful fundraising brings to light a person’s innate qualities that he can bring positive changes to the society, he can or cannot take the help of crowdfunding websites in this process An individual, accomplished in fundraising for a cause can think of taking a step forward by setting up a NGO for a cause for which he feels from the core of his heart.

He is a gentle soul who spends self for the sake of others, and it is crowdfunding websites which assist him in raising the count of his good deeds.

crowdfunding sites

Inclusion of Crowdfunding sites while Fundraising Projects

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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

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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?

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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?

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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.