Everything you need to know about crowdfunding, what crowdfunding is, and how to take advantage of it and start online fundraising right away.

By conventional definition: Crowdfunding is the practice and or process of funding a project, cause, venture, or event by raising small amounts of money (Capital) from a large number of people typically through the internet. 

Crowdfunding is a tool that provides the means, procedures, and methods for people to raise funds to help others overcome hardship and meet desired goals by harnessing the power of digital marketing. With the crowdfunding system, you can help a friend, colleague, family member, or an entire community. It is easier and more convincing to use crowdfunding where a large amount is needed and the means are limited. You can do everything from traveling, paying medical bills, funding political campaigns, supporting a community, and much more.

Crowdfunding also is known as crowd-sourcing is a form of alternative finance. That being said, we want to define it our own way and we want to look at it from the perspective of Amtelwebfunding before we proceed with more details on what crowdfunding is and how you could improve your online fundraising project to attract more donations.

As long as life remains unpredictable, there are always times when we need urgent help and or assistance, either for an emergency cause, a health challenge and or to finance the personal things we care about; but without the financial backbone, we become despondent and utterly discouraged; this is really where the concept of Crowdfunding come into play.

 How do we get this much needed financial help?

i. Friends: (Friends and immediate family are the easiest) Sources from which we generally seek help financially) however, this completely depends on the situation at hand and the capital involved; in this case, our aims are defeated if there are no family members or friends to run to.

ii. Parents: Financially stable parent is a great way to raising funds for several courses, most parents work hard for the sake of their children, and if you are fortunate to have such who are also successful, you worry less.

iii. Association: Many associations from around the world provide financial support for their members in need of such assistance; it could be churches, schools organization, and or neighborhood association.

What if I, ii, iii fail or the means is just not there? Well, that is where iv below is best suited.

iv. Crowdfunding / Crowdsourcing / online funding: There are many other sources of sourcing funds as illustrated above, however, when the need exceeds what we can have our hands on immediately, one sure and easiest way is to resort to the internet, where we meet people who are willing and ready-to-help each other finance their causes. The internet is a vast inter-network of connected devices by people sharing, creating, and distributing resources, socializing, researching, and creating awareness for many challenges of mankind. Since it is a  no-man-world, anyone can meet anybody who is willing to help; it is one of the biggest places to meet all kinds of people and many platforms have been developed over the years to help facilitates this; AmtelWebFunding being the most trusted among them, whatever your need may be, crowdfunding is a great way of getting started with fundraising.

The Rise of the Crowdfunding Industry

As of late, crowdfunding has re-imagined the conventional fundraising viewpoint, separating obstacles between those in need and those accessible to support these needs. Because of crowdfunding, it has gotten feasible for individuals to bring to the table direct help to the individuals who need crisis budgetary help, adding to the bigger pattern of individual giving.

What are the benefits of crowdfunding?

When getting support from the government and other nonprofit organizations fail, crowdfunding can be the ultimate plan B. Raising funds online removes the conventional barriers that typically exist when asking for support, this makes it simple to overcome financial obstacles quickly especially if the cause is worthy. That being said, here are some benefits of crowdfunding: 

• There is no former application process.
• There are no long wait times to receive your funds.
• There are no extra charges, except for some platform that supports such
• Crowdfunding removes the fear and a feeling of embarrassment out of asking for financial help. You simply share your fundraising camping with your network of friends, colleagues, and family members through social media. 
• Crowdfunding makes it easier and quicker to reach people outside of your network and to all corners of the earth.

Crowdfunding is not particularly a new idea, and since it is just a replacement for the traditional way of organizing fundraisers, a lot of questions have been asked about it by different people from around the world who want to know more; and below are some of the most frequently asked questions about crowdfunding.

1. Is crowdfunding good for me or is my idea even suited for starting a fundraiser?

Crowdfunding can work for anybody anywhere, and there is no cause too big or too small for starting a crowdfunding project. Some people even worry that their fundraiser isn’t as worthy as others, but the beauty of it all is that crowdfunding exists to help an array of people meet needs. Whether you want to save your life, raise money to pay for a memorial, or get help with overwhelming bills, crowdfunding allows you to overcome such financial barriers standing in the way.

Most people think crowdfunding services are only for people that need emergency financial assistance, but that’s not the case. In fact, businesses looking for funding for a new project or to raise capital can also crowdfund. Most entrepreneurs use crowdfunding in financing a new product or creative idea.

2. What are the different kinds of crowdfunding available?

There are different types of crowdfunding. 

Donation-based crowdfunding: This type of crowdfunding is started basically for people to support a cause by donating to it without receiving anything in return, just out of goodwill. The person running the fundraising campaign is not obligated to pay back donors or give them anything else in return for their contributions. AmtelWebFunding is one of the major crowdfunding websites that also use donation-based crowdfunding.

Rewards-based: In a rewards-based crowdfunding system, the organizer of the fundraising project offers a reward to donors, usually a service or physical item, in exchange for their contributions.

Investment-based crowdfunding: With equity-based fundraising, the fundraising organizer accepts money from people looking to invest, typically to help launch a business. In return, investors will receive a small piece of equity in the business or company.

Note: AmtelWebFunding only allows both forms of crowdfunding.

3. Is it okay to raise money for personal causes?

Definitely yes, many people start online fundraising projects on a daily basis to raise money for themselves. It’s understandable that you might be shy about asking for money. But it is important also to remember that almost everyone at some point in life would experience financial difficulties. You might be amazed by the number of people who want to support you when you need it the most.

4. What is the best way to inspire donations?

While there is no faster or easy way for inspiring donations, there are definitely good steps you can take to set yourself up for successful camping. One of the important things you can do is to create a fascinating fundraising campaign that can build a community-like network of empathizers to your cause. Investing the time into your fundraising project will inspire your network of friends and family to take actions that would consequently increase your chances of receiving more donations. For more tips on how you can create an engaging fundraising campaign and share it far and wide, read on here.

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