Connect with us

Finance

Crowdfunding for leukemia

Published

on

Crowdfunding for leukemia

Cancer is one of the most dreaded diseases that human beings deal with now-a days. Although medical science has been able to come up with very early detection methods of cancer, it has not found a cure. There are various treatments that doctors use for cancer and these treatments are all improving day by day as more research is done on the disease. But medical science is nowhere close to removing the mortality risk from cancer.

At the same time, treating cancer is very expensive. Those who do not have medical insurance find it extremely difficult to fund treatment for cancer. They may try to take bank loans which they will pay back for years. Depletion of savings is another option that people who do not have medical insurance try. However, the advent of cyber culture and the explosion of online commerce has presented them with a new option: crowdfunding or medical fundraising.

Crowdfunding is the process by which many people contribute small amounts to a cause and achieve a large target amount. Crowdfunding has been a common method of funding treatment for a long time but has reached new levels of popularity thanks to the internet. There are plenty of crowdfunding platforms offering their services. Some of these ask for a service fee and some do not. The kind of platform you choose depends on your requirement. Since treating cancer is expensive, cancer crowdfunding has become very popular.

Leukemia is one of several blood cancers. It is essentially a cancer of the bone marrow that disturbs the production and lifespan of the red blood cells of the body due to the excess of white blood cells. Leukemia is likely to affect people over the age of 55 however, it can affect children too. In fact, leukemia is one of the most common cancer found in children. Children with leukemia need special treatment and care. People at risk of developing leukemia include smokers, carriers of HIV and HTLV-1, people who have been exposed to chemotherapy before. A common household product that has been correlated with incidences of leukemia is hair dye.

If you have been diagnosed with leukemia, your treatment would be decided by your doctor after a thorough examination. Depending on where you are being treated, your treatments costs can vary. Costs can range from anything between 2.5 lakhs and 20 lakhs. However, you need not shell the entire amount out of your own pockets. Similarly, if you do not have this amount, you can start crowdfunding for cancer treatment. It is easy and relatively simple. However, it will require a certain degree of persistence:

  1. Start a fundraiser on a crowdfunding site of your choice. Make sure that your chosen platform provides you with a campaign manager. We recommend Impact Guru because of their diverse range of experience with cancer crowdfunding.

  2. Once you have chosen your platform, you have to write your fundraiser. Make sure your fundraiser is clearly written and explains your problem to your audience. To substantiate your fundraiser, upload pictures of your medical documents and if possible a photograph of the patient. This gives credibility to your claims.

  3. Have a team ready to back you up. These people will help you with publicizing your campaign. Your team will also help you with the day to day work of the campaign. Hence, they need to be dedicated.

  4. If you think one fundraiser is not enough to raise the kind of money you are looking at, you might consider starting support fundraisers and asking others to share them. This way, you reach a greater number of people and have access to people from different social circles.

  5. You should contact other survivors of the illness who are financially stable and hence, can contribute to your cause.

There are other ways to raise money for medical crowdfunding. However, this is a basic list with which you should begin. Remember that despite all the hard work, medical fundraising is still low risk and zero investment and therefore a good option.

Continue Reading

Finance

Beginner’s Guide to start with stock trading

Published

on

By

Beginner’s Guide to start with stock trading

Many of us struggle to save our money from whatever we earn so that we can lead a nice and bit more than ordinary life. However, saving is a task which takes time and it is often hard to save a fixed amount every month. Rather than thinking of saving a small amount every month, why not think of earning something extra? Stock trading is that one field or market where you can earn a great amount of money in the shortest time. But, it is not as easy as it seems. If you are new to the stock trading, then there are certain things you need to look for to avoid losing for the very first time itself.

Here, we are sharing a beginner’s guide to help you with stock trading:

  1. Keep your funds aside:

The first thing which is also the most important one is to understand that you shouldn’t put all your savings and money in the stock trading. You should always have a fixed monthly amount which you can afford to invest and even if you are not getting it back and losing, it is not impacting you a lot.

  1. Gain some knowledge:

 It is normal that when you will decide to enter the field of trading, there will be many who will suggest many things. Don’t trust people blindly, they may have gained some profit with their ways, but it is not mandatory that it will work for you. So, gather some knowledge and read some materials on stock trading.

  1. Hire a broker:

Accept it or not, but the facts remain the same. No one can excel at stock trading merely by reading some materials and doing it part-time. One needs to get into the field, analyze the market, takes a risk and then he/she can know how the market works. So, avoiding putting your savings at stake all the time and getting certain returns, it is better that you hire a broker.  A broker is aware of all the ups and downs of the market, and he knows on which stock to invest getting you a certain return.

Stock trading is a booming market which is never at rest, but it is not something that everyone can know about. You must know how to deal with many things to deal with the best and the safest way.

Continue Reading

Finance

Helpful Tips for Effective Crowdfunding

Published

on

By

Crowdfunding

Crowdfunding is a process in which a large number of people contribute small amounts of money to raise a large sum. The rudiments of crowdfunding have existed in India for a long time. However, organized and effective online crowdfunding in India came into being in the last decade.

Crowdfunding can help raise money for a lot of things. You can use crowdfunding to raise money for someone’s medical treatment, for social causes and for business ideas. There are four kinds of crowdfunding: donations based crowdfunding, rewards-based crowdfunding, debt crowdfunding, and equity crowdfunding.

Depending on the reason for your crowdfunding campaign and the type of campaign you choose, your strategy for the campaign will differ. Here I have tried to write down some tips for medical, social and business campaigns.

Medical Campaigns

If your fundraising in India project is for medical reasons, there are certain things that you can do:

  1. Find a crowdfunding platform that has experience in dealing with cases of medical crowdfunding. Impact Guru is one platform that does this.
  2. Write a fundraiser which is clear and short explaining why you need to crowdsource your medical treatment. Explain your financial condition and the nature of the illness.
  3. In your fundraiser, you should use text, image and video to explain your situation. Post pictures of medical documents in order to build credibility.
  4. Post a video of the patient delivering a message if they are in a condition to. Otherwise, find a way to talk about the illness yourself.
  5. Use social media and a team to campaign for publicity.

Social change is often possible through crowdfunding. Many NGOs have taken to crowdfunding in order to raise money for their various projects. This has become quite common after the recent government crackdown on foreign funding to NGOs.

  1. Choose a crowdfunding platform experienced with the kind of campaign you want to do.
  2. Write a fundraiser effectively detailing your project and what you want to do.
  3. If you have done projects like this before, provide links and other evidence to them.
  4. Fully use images and videos for your campaign.
  5. Make a campaign video that summarizes the goals of the campaign and post it with links everywhere.
  6. In order to make the campaign video, you can use professional help. This might require money but the returns you get on this will be far more.
  7. Use social media to the highest degree in order to raise money.
  8. Know the people who are likely to donate to your cause. If you are working for child rights, other child rights activists are likely to donate to your cause.

Things differ a little bit for business crowdfunding. Business crowdfunding is done with a profit motive and is very helpful for startups. If you want to raise funds for business crowdfunding, you should be able to write an effective crowdfunding pitch. You could go for equity crowdfunding or for rewards based crowdfunding, if you are not based in India. In India however, equity crowdfunding has been put on hold by SEBI.

  1. Find a website that is willing to host your crowdfunding campaign. Some websites are selective and some are not. Choose the ones you like and then select the one which likes you.
  2. Write a good pitch. Explain exactly what your product is going to be and why you think it has a market.
  3. If you are going for rewards based crowdfunding, explain why your product is unique and better than its competitors.
  4. If you are going for debt crowdfunding, explain clearly why you think you will be willing to return the loan with interest.
  5. Use social media to raise as much money as possible. However, do not exclude conventional forms of communication, when you go into campaign mode.

Continue Reading

Trending

Copyright © 2018-19 offcce - Offcce Team