Crowdfunding is a way of collecting money and gathering resources for a project. The project could be a social service endeavor, a personal ambition, or anything that can draw people’s attention and motivate them to contribute to it. Though crowdfunding looks like a new concept, it has been popular for centuries in the publishing industry. In the past few decades, this trend really caught up and people from around the world are coming together to make things move fast. Kickstarter, Gofundme, Indiegogo are a few examples which have managed to influence and change the lives of millions of people around the world by utilizing this concept.
GoFundMe is one of the top personal fund raising platforms. It was launched in 2010 and since then it has progressed steadily. In the past one year, it has raised over $2 billion with about $4 million being raised every day. If you want to raise fund, you will have to start a campaign on the platform. You will be required to share your story and justify why you looked to crowdfunding for raising funds. The platform deducts 5% of the donation received by the fund raiser. Raising money on Gofundme is simple and straightforward. You don’t need to be a geek to start a campaign. It is like filling in the basic details and uploading a few photographs. For raising money on Gofundme, you start by setting a goal. It is followed by sharing the campaign with family and friends. The next step is to accept checks and bank transfers. Finally, when your goal is achieved, you close the campaign and extend your thankfulness to the donors.
Kickstarter is on a mission to reduce poverty in Africa. They have been successfully raising money on Kickstarter for thousands of Africans. Raising money on Kickstarter is becoming increasingly easy as more and more people believe in the mission. Kickstarter mass-produces irrigation pumps which give a new lease of life to farmers who are heavily dependent on rainfall. An irrigation pump allows them to cultivate crops of their choice and lead a healthy and poverty-free life.
Indiegogo not only helps you in raising funds for your project, but also guides you about how more the most out of your campaigns. Raising money on Indiegogo won’t be a challenge if you plan your campaign right. Thousands of people have been raising money on Indiegogo to fund their innovative projects.
Crowdfunding has been very effective in raising funds in the past few decades. There have been instances when celebrities and social workers raised funds to the tune of millions of dollars. However, to convince people to donate money for a cause, you need to create a compelling campaign and give genuine reasons. The key to a successful campaign largely lies in the connection you make with the people. If your network contributes well, then it would set an example for other people as well. It would create a buzz that others would be interested in.