Tag: Raise money through Crowdfunding

Ways to raise money

Charity fundraising ideas and ways to raise money for charity

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Charity is the most generous work one can do out of the concept of fundraising. However, when talked about charity fundraising the first thing to come in mind is ways to raise money for charity.

There can be of course, millions of ways to raise money for charity, but choosing one of the best suited ways to raise money for charity from amongst the millions is the object of question for many.

Here, we try to sort out the dilemma of many by listing out some of the ways to raise money for charity.

Some ways to raise money for charity

  1. Jewellery sale: Sale of jewellery is one of the alluring ways to raise money for charity. Working with a wholesale jewellery company to sell their goods at your home is a good way to receive a portion of sale. This idea is a sure way to catch the attention of all classes of women and out of them the upper class one would not hesitate to spend their penny on jewellery.
  2. Paintball Arena: Ask someone for any open place which they can lend you for some days. Set up a paintball zone in that place and charge entry fees for the game. This is one of the ways to raise money for charity which attracts people of all age groups.
  3. Yard Sales: Go through the unused items in your closet and organise a yard sale. This could easily earn you a few bucks which you could donate to charity.
  4. Zombie Walk: Not only fundraising but also awareness about the cause of charity is important. More the awareness, more would be the ways to raise money for charity. An organised Zombie walk where you could invite the general public is a perfect and fun way to spread the cause of your charity fundraising.
  5. Yoga Class: A generous yoga instructor would never say no if asked to hold a yoga class for charity purpose. You could spread the word of yoga class and charge entry fees on participation. This entry fees could be well treated as one of the ways to raise money for charity.
  6. Tupperware Party: Similar in concept to a jewellery sale Tupperware party can be used as one of the ways to raise money for charity.

You can definitely choose any one of the above ideas for your charities fundraising or even improve upon them, but before seeking donations for charity, it is important to spread the consciousness about the cause of the charity. It helps more and more individuals get linked to the cause. This helps in making the implemented ways to raise money for charity a success.

crowdfunding platform

Everything you need to know about a Crowdfunding Platform

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Introduction to a Crowdfunding Platform

During the past decade crowdfunding has become a  popular tool among emerging startups and businesses as an alternative source to raise finance for their venture. Even though this method is at its beginning stages, the future of crowdfunding remains bright. Augmenting the growth of this novel method and facilitating the link between the fundraisers and funders are the internet based sites popularly categorized as a crowdfunding platform. As you proceed through this article you will gain more insight to the world of a crowdfunding platform.

Classification

Unlike a one-on-one interactions between the capital seeker and the funder, a crowdfunding platform connects a large number of people to back a particular project which they find suitable enough. There are numerous platforms categorized as crowdfunding platform operational in the market, but most of them can be classified into two categories, on the basis of the types of services they provide, which include investment based and donation based. In the first case, the funders either get equity or some other monetary benefits for investing in a project whereas in the latter case the funder may get rewards like first access to the project, inclusion of their name in the project, etc. for their donation.

Pricing

Different types of crowdfunding platform follow different business model to price their services. Either they charge some percentage of the total funds raised or they initially charge the person for listing the project on their platform. Further, a crowdfunding platform may also charge the consumers for handling payments and providing other third party services

Market Development

Right now, most of the crowdfunding activities are limited to US and Europe which account for 80% of the total number of crowdfunding platforms worldwide with Europe consisting of 60% and America 20%. The most prominent crowdfunding platform among those is Indiegogo. Slowly and gradually these crowdfunding platforms are finding enough potential in the markets of developing countries like India.

Recent Trends

Many startups are further utilizing a crowdfunding platform to generate publicity for their ideas which has made these platforms an effective marketing tool. If a project is attracting a lot of interest on the crowdfunding platform, it may catch the attention of other offline sources of funding.

Conclusion

With the dearth of capital for many MSE’s and startups due to the lack of access to venture capitalist’s funds, or non-eligibility of bank loans, crowdfunding is becoming a major source of raising capital and the concept of crowdfunding platform provides an easy access to funds which are surely expected to grow further in the near future.