Crowdfunding for education has become the rescuer for many students in the recent time. More and more students are turning to it for funding their education. When students are unable to arrange funds for their studies they take help of crowdfunding for education. They collect funds from some local communities or maybe online groups. But is crowdfunding for education actually worth it? Should you bank upon it for your higher studies?
Well the answer to these questions is certainly yes. Though you can rely upon crowdfunding for education. But there are some snags you need to take care of. Here are some things which can guide you through it.
Should you really go for it?
Ask yourself these questions before you start your campaign.
#Is it the only alternative?
Crowdfunding is usually not the only fund raising option. You can get scholarships. You can opt for a cheaper university. Or you can take a job to fund yourself. Make sure this is the last option you are taking. Don’t rush into crowdfunding unless and until mandatory.
#Is you career worth it?
Crowdfunding for education usually works on donation based crowdfunding. People from your localities or social group may contribute to your education. But they will do so only if you have a rewarding career ahead. If your career choice does no or little good to the society, people might not wish to contribute.
How to start crowdfunding for education?
Once you make your decision, here are some things which would help your campaign.
#Research is the key!
Before jumping to your campaign, you need to do a lot of research. Study the previously held crowdfunding campaigns for education. Pick up the details. The pluses, the minuses, everything! Learn from these and then begin your campaign.
#Promise some Rewards!
Rewards in case of crowdfunding for education can be a tad bit tricky. It isn’t like businesses. You cannot provide goods or services on hand. You are a student duh! But yes. There is one thing you can do. It is quite simple. You can promise your investors some future rewards. Say you are crowdfunding to become a doctor. Then you can promise free regular checkups to your investors once who you have your degree. But remember! Be careful with what you promise. Don’t make it too much. Or too less. And remember to stick to it after you are done with your studies.
#Target your social groups and communities!
The people from your own groups or communities are more likely to help you. Because they can easily connect to you. They can know if their money is being put into good use. And if you are promising some service rewards, they can even benefit from it.
#Answer all the WHs
Whether it is a dollar or 1000, people need some answers about where there money is going. Answer the what, why, where, how and when even with crowdfunding for education. This way you can win their trust easily!
