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.
If your fundraising in India project is for medical reasons, there are certain things that you can do:
- Find a crowdfunding platform that has experience in dealing with cases of medical crowdfunding. Impact Guru is one platform that does this.
- 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.
- In your fundraiser, you should use text, image and video to explain your situation. Post pictures of medical documents in order to build credibility.
- 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.
- 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.
- Choose a crowdfunding platform experienced with the kind of campaign you want to do.
- Write a fundraiser effectively detailing your project and what you want to do.
- If you have done projects like this before, provide links and other evidence to them.
- Fully use images and videos for your campaign.
- Make a campaign video that summarizes the goals of the campaign and post it with links everywhere.
- 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.
- Use social media to the highest degree in order to raise money.
- 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.
- 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.
- Write a good pitch. Explain exactly what your product is going to be and why you think it has a market.
- If you are going for rewards based crowdfunding, explain why your product is unique and better than its competitors.
- If you are going for debt crowdfunding, explain clearly why you think you will be willing to return the loan with interest.
- Use social media to raise as much money as possible. However, do not exclude conventional forms of communication, when you go into campaign mode.
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:
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.
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.
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.
Setting Up Your Real Estate Investing Business – The Business Setup Checklist
Since I get more than 1,000 land speculators going to my different land financial specialist sites and enlisting with me every week, as you may expect, I get many individuals asking me how to begin putting resources into land.
At the point when my business was little and I was simply running my own land contributing business and our neighborhood land financial specialist amass gatherings, I used to take a seat and meet with speculators that made this inquiry separately. We’d go to lunch at my most loved burrito put and I’d put forth numerous inquiries.
I’d need to think concerning why they needed to put resources into land, what they expected to get from it, how they thought they’d profit as a land financial specialist, how much time and cash they wanted to put resources into themselves and their land contributing business, what their business and contributing encounters had been up until this point, et cetera. After a few dozens of these gatherings, however, I saw a theme in what I recommended to every one of them (and truly, it truly took that numerous gathering for me to see this theme): I proposed that every single one of them begin wholesaling land.
After I disclosed to them that they should discount land first, I’d at that point kept running down- – erratically – a rundown of the things they expected to do to begin in their land contributing business. A couple of years have gone since those first gatherings and the first occasion when that I made a fast rundown of how to get set up putting resources into the land. Throughout the years, I’ve had many individuals begin in the business dependent on those gatherings with me. Along these lines, in this article, I’d like to impart to you my Business Setup Checklist for Real Estate Investors.
In the Business Setup Checklist, I am not going to have you spend huge amounts of cash at first to rent an office, buy costly PC gear and generally resolve to loads of costs with no demonstrated salary from your business. Rather, I will impart to you what I accept to be the most critical activities and to buy to begin in your very own land contributing business.
In the first place, I trust you have to set aside the opportunity to take a seat and choose where you are going. Stephen Covey says, and I concur, that you should “Start With The End In Mind.” It is a lot less demanding to achieve an objective on the off chance that you realize what you are endeavoring to achieve. Kindly, help yourself out, and don’t skirt this fundamentally essential advance.
Second, setup, or possibly make sense of, the base phone correspondence framework you will utilize. Ordinarily, it will utilize your PDA (and changing the message from something amateurish to something more efficient). Obviously, there is an extensive variety of telephone utilities you can set up. Begin exceptionally essential, spend next to no and extend as income increments.
Next, I am a major devotee to utilizing 24 hour recorded data lines in my showcasing thus I do prescribe paying the cash to get this set up. With these, you can spend less on showcasing and after that have individuals bring in to get more data about purchasing, moving, leasing or private cash before talking specifically to you. You’ll be enticed to sidestep this progression and utilize standard voice message (recollect that I’ve helped heaps of other individuals begin putting resources into land) and that would be a slip-up.
The following stage is the MOST IMPORTANT advance of all: get your promoting and get it out. Nothing occurs until the point when you begin conversing with roused vendors around here, so you have to motivate them to call you (or begin calling them). Along these lines, set aside some opportunity to make sense of your fundamental showcasing. Contingent upon your financial plan, you may likewise consider getting a site and desperado signs now also. In the event that you are on a tight spending plan, utilize the free site course and skirt the outlaw signs until some other time.
When you have your promoting and are beginning to get it out, you should then prepare composed and for vender calls. Make your Seller Presentation and Credibility Pack. Setup your office records to follow pay and costs, showcasing documents and property documents. Additionally, ensure you have the documents and structures you require put away in your vehicle. No one can really tell when you may need to review an agreement and better to have them with you in your vehicle consistently, at that point to pass up an arrangement.
Lastly, set up your business substance. The reason I suggest this last is on the grounds that the vast majority will slow down on this progression and except if you have resources for ensuring, it is a misstep to get hung up on it in any case. On the off chance that you have noteworthy resources for ensuring, you should meet with your own lawyer toward the beginning of any new business to get customized, proficient guidance identifying with your special circumstance.
Along these lines, those are the fundamental strides in setting up your land contributing business.