Tag: Tips for crowdfunding.

crowdfunding platforms

Involvement of Crowdfunding Platforms in fundraising ideas for School

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With growing demands of education, it is difficult to pace up with times ahead. Schools thus raise funds and think of different activities to meet their fundraising goals.

Most of the usual methods used in schools to raise funds may not attract large funds for immediate needs. It is profitable to an extent but lack the return on investment to fulfil the needs of the school. There is a need to explore and make use of modern technology for effective fundraising.

With changing times and technology, fundraising has taken a strategic approach. You can raise funds using the internet through social media and other methods. One of the ways of raising funds over the internet is using the crowdfunding platforms.

Starting to raise funds through crowdfunding platforms

Crowdfunding is an activity to raise funds via the internet from a large number of people. It is an alternate way of raising funds to the conventional fundraising activities. Crowdfunding concepts have many crowdfunding platforms to fulfill various fundraising goals.

Choose the right crowdfunding platforms to suite your need. Be inspirational and clear in your goal. The crowdfunding platforms know their market well and help you tap the right source.

One of the top crowdfunding platforms is Myefunder. Myefunder is one of those crowdfunding platforms which uses social media to reach a wide range of audience. They do so by reaching them on Instagram, Tumblr, Facebook Pinterest and LinkedIn for updates and pictures.

The crowdfunding platforms fundraise through donation, equity-based investors and reward based methods. Refer their blog for more insights on crowdfunding on WordPress.

A combination of original ideas and the internet will accelerate the fundraising activities.

Funding ideas for school

  1. Use Art: Exhibit artwork, paintings, and clay items made by students. Run all day events like fancy show, fashion show with older students.
  2. Fest for fundraising: Put up different stalls. A combination of games, sweets, popcorn, drinks are a good attraction.
  3. Nursery area: Putting up a stall of different types of plants is a good idea too. You can sell plants from different local nurseries.
  4. Book sale: Ask students, teachers, and neighbors to donate their old books. A variety of books will attract more people to your stand. Advertise them through posters, flyers, or word of mouth.
  5. Pottery:  Pottery making is one of the many fun activities to raise funds. You can have students design their own pottery and sell it to the locals.
  6. Arrange flea market: Encourage friends and families to sell home made items in the market.
  7. Theme gift auction: Make small theme based gifts from different business groups and auction. You can top it with movie coupons, shopping coupons, book coupons or a gift voucher. Receive funds through a payment gateway and link it to your school website

These ideas are very well supported by crowdfunding platforms like Myefunder. These crowdfunding platforms can make the fundraising idea a hit like never before. Crowdfunding platforms have changed the face of raising funds. The crowdfunding Industry has opened up new avenues for fundraisers .It has boosted the original method of fundraising.

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.