Sometimes in life, our dreams grow a little faster than our bank accounts. Often times, an unexpected event can take us straight from a positive account balance to a journey through bank fees and red numbers. With the rise of globalisation, however, there has come a saving grace – cyber begging.
Various online platforms that allow users to raise money for themselves and their personal dreams have collectively become known as crowdfunding sources. There are a number of options when it comes time to decide which platform is best but a little additional information can be the difference between success and failure. With a little luck, self promotion and the help of social media, anyone can now raise money for virtually any cause.
Online Fundraising / Cyber Begging
The internet has allowed the world to connect on a personal level. Because of the ease with which we can communicate, there has never been a larger audience available. Through the use of Facebook, Twitter, Instagram and every other social media outlet; there are an almost unlimited number of potential donors. Not only does this offer a convenient way to reach out for help, it is much more reliable and safer than standing on the street corner with a cardboard sign or walking around and asking people for their spare change.
With the advancements in computer technology, larger communication networks and the availability of easily obtained information, the internet has become the ultimate tool for those looking to raise money. Nearly half of the people alive today, have access to some form of the internet. Whether it is on a smartphone or personal computer, the number of connections being made is unfathomable and the potential donor list continues to grow everyday. With so many users and the ability to rapidly spread information, crowdfunding has become a viable means of generating some much needed revenue.
Not All Campaigns Are Successful
It takes a special person to donate money, especially to a complete stranger. The most successful campaigns are ran by multiple people who are all working towards creating a better world, raising money for an emergency or have a really unique idea and need some help putting things together. They actively update their pages and rarely miss the chance to thank donors with a small gift or a simple note. If managers are not willing to post updates in the form of photos & video, testimonials and current data; don’t bother trying to raise money. If people cannot see that their funds are being used for the stated purpose, they will not donate. While the money may technically be free, the amount of work required to reach a goal can often be overwhelming. The more people who are out there supporting a cause, the easier it is to raise the amount of money needed. Campaigns that do not promote a fresh brand or one falls short when maintaining their fundraiser will most likely not succeed.
Almost every crowdfunding platform offers their campaign managers an opportunity to collect all of the money that they have generated, even when they do not reach their stated goal. Setting a goal to high will most likely result in campaign failure, however, not reaching a goal can still generate enough money to keep the dreams alive. Many platforms also require that a maximum amount of time be declared for each campaign. While this in itself keeps the projects fresh and attracts new donors, it can sometimes be difficult to reach goals within the specified time period.
The internet is known for its vast collection of con artists and digital scammers. In order to avoid complications with the collection of new funds or to prevent giving to a fraudulent cause, use only reputable websites. When face to face interaction is removed, the risk of getting ripped off increases dramatically. By limiting fundraising campaigns to trusted organisations, the odds of reaching a financial goal without major complications increases drastically.
All of the top-notch crowdfunding platforms require some sort of identity verification before a campaign can begin receiving funds. Not only does this keep the quality of the campaigns elevated, but it serves as a protective barrier for donors. While the identities of the recipients may be screened, the stories and the ideas they present are not. If something looks suspicious or if there is not enough information to make an educated decision, do not donate or support their cause.
The Role of Social Media
For any campaign to be successful, there must be exposure. Social media allows users to reach every one of their friends, family members and the numerous casual acquaintances that make up their lives. It is these people who will be a campaigns biggest supporter. The larger the pool of potential donors, the better chance a crowdfunding campaign will end in success. A common misconception is the idea that total strangers are constantly just throwing around money and handing it out to every person who is willing to ask. The truth is, however, the most successful campaigns are those that have a few friends and followers before the fund raising begins.
Now, if the cause is good and an idea benefits more than just the campaign creator, there is a chance of reaching a level of success much higher than what is usually expected. People love to hear stories and they also enjoy supporting ideas that may change the world. In most cases, it is the campaign creators own promotion through various social media outlets that attracts attention and raises money for a particular cause. Fan pages offer a great opportunity for musicians and other public figures to create awareness among their own followers. Most platforms are seamlessly integrated with all of the major social media websites which makes it convenient and easy to share a campaign with the largest number of people possible.
Is It Worth the Time?
Absolutely. When it comes to finding the resources needed to build a business or realize a dream, the options can be severely limited. Crowdfunding allows individuals to actively reach out to potential donors without ever having to personally contact them or ask them for money directly. People who are experiencing financial hardship as the result of an accident or unforeseen circumstance may find sympathetic and generous strangers who understand their position. Each platform offers a slight variation from the other ones and each is tailored to promote specific types of campaigns. The odds of finding success increases exponentially when the ones pitching an idea are actively working to promote their cause. When social media is correctly utilized, a strong idea is presented and the campaign founders have a strong support base to work with; the amount of money that can be raised through crowdfunding is almost limitless.
Best Cyber Begging Sites
The organizations below have a proven track record. Each platform varies slightly in its user interface, fees and campaign guidelines but they all provide the same basic service. Keep in mind that most crowdfunding websites charge a percentage of each donation alongside any fees that may be charged by WePay, Paypal and other credit card processing companies.
In dire financial straights? BeggingMoney.com may have the answer. Whether it is a surprise expense or massive student debt, we offer to help people find willing donors. BeggingMoney places your story on the website and anyone who reads it has the opportunity to donate. Simple and right to the point. There are thousands of stories on the website and many active donors. Popular categories are single mums and emergency money help.
While we charge a small fee $6.99 all the future donations are free of charge. The companies bellow charge at minimum 5% of the donations.
This mean if you get
$100 – they charge $5 / we $6.99
$1000 – they charge $50 / we just $6.99
$10 000 – they charge $500 / we just $6.99
$100 000 – they charge $5000 / we just $6.99
Another difference – because they take cut of any donations, they don’t care who posts on the website and how often. That means your story is fighting with thousands of other submissions every day. On our website we manually go through every submission to check whether it’s real or not. In the end your submission has much more higher chance to be found.
GoFundMe.com is the most commonly used crowdfunding website online today. Launched in 2010, GoFundMe has become the most popular personal fundraising platform online. With an easy to use interface alongside an active donor community, it is easy to see why. Through all of their campaigns, they have helped to raise over $2 Billion for various individuals and organizations. GoFundMe takes a 5% fee on all donations handled by its website, leaving the creator of the campaign with a 95% cut. Money can be collected for just about any cause, even personal use. With hundreds of thousands of campaigns actively running, GoFundMe has helped countless people get a little closer to their dream.
Since its inception in 2008, IndieGoGo has consistently helped small-business minded individuals raise money for their projects. Instead of offering a simple platform solely designed to raise capital, IndieGoGo provides entrepreneurs with a basic tool package that is geared towards creating and selling products. They offer a complete business start-up package that works alongside each campaign. Requests for donations to fund a personal lifestyle are generally not accepted but the site is a great fit for those looking to raise some initial investment money. IndieGoGo actively looks to empower women and minorities. A large portion of their campaigns are helping to fund businesses all around the world.
Kickstarter has been around since the beginning. They offer an avenue for creative individuals to raise money while helping to support a worldwide crowdfunding campaign. Kickstarter helps find funding for musicians, artists, entrepreneurs and many others. Thousands of people have successfully launched their businesses and artistic careers through Kickstarter.