7 Totally-Simple Crowdfunding Tips for Students

By Rochelle Ceiram CrowdfundBeat Guest Contributor,

 

Are you a student looking forward to learning the new fundraising technique that everyone’s been so excited about? Part of the excitement is due to the fact that the Jobs Act is soon to be passedand scheduled for October 2015. This will favor many small business ventures and startups since it’s the “Jumpstart Our Business Startups” Act.

The other part is that the enthusiasm has to do with the success of this particular fundraising technique for several celebrities, non-profits organization, and small businesses. Wikipedia records a yet “incomplete” list of the most well-funded crowdfunding projects that earned over million US dollars. The projects were devoted to a large variety of causes: video games, latest technologies, movies, card games, real estates, charities, clothing-lines, and many others.

 

images (10)

 

The mounting popularity of crowdfunding is forcing students to consider it too for their projects and other non-profit, charitable intentions. If you are part of a student group raising money for a cause, you’d want to get a hold of a few tips that might help you with raising money through this new and popular method. Like any other method, it’s not easy to convince the funders. But students, with the help of their 21st century skill, should be able to overcome the hurdles and make the most of it.

1)      Present concrete and credible purposes: What makes your project note-worthy and credible?That is the cause you are going to highlight during your crowdfunding campaigns. It’s best not to be discrete or lie about your project to your potential funders. Make sure they also know exactly why you need the money. People work hard for the money they earn and they won’t hand it over unless they know exactly where it is going.

 

Make sure you have a genuine reason or cause to present to them. The cause could be a non-profit, generous cause dedicated to the school’s (or student’s) needs. Try to connect your potential donors to the cause in an emotional way.

2)      Send out the right message: Give out the right message that aligns with the purpose. While writing up your pitch, it is crucial for you to clearly state your purpose. If you have a lot of people asking you about how you plan on achieving your purpose, then you have clearly failed to deliver your message.

 

Include all details, pictures, backup plans, testing and screening pitches, etc. Create appealing pitches with the help of videos, catchy high-quality images, and posters.

3)      Select the right platform: Select genuine, safe, and transparent platform. Here are top 7 crowdfunding sites for non-profits and higher-ed schools. Platforms that best fits your needs should be sought out.

4)      Divide Goals into Sub-goals: Having exceedingly high expectations formeeting the target all in one go, would be a little overwhelming for every participant. Break down the complete project into smallersub-goals and set attainable time limits. This is important to keep the interest of the participants as well.

5)      Leverage your network: Make use of your network besides the school faculty. Not every member has to be a part of the student group. Try to extend your reach besides the obvious contributors. Faculty members, students willing to help, parents, relatives, friends, affiliates, or anyone in a member’s social network can help. So, don’t be afraid to reach out!

6)      Make use of Social Media: Don’t ditch the social media strategy. Many students are top fans of social media and are very good at keeping up with the latest apps. Use short, catchy messages to grab the attention of your potential funders. This also applies to other channels: newsletter, emails, blogs, local media, etc.

7)      Rewards for Top Participants: A clever strategy is to keep the participants motivated by implementinga reward-system. Certificates are great for recognition and useful for students in the “extra-curricular” section.

Also, make sure that you thank the donors for their contributions, especially the largest contributors. You can also mention the incentives before they actually make the contributions as a means to encourage heavier funds. The biggest contributors couldbe presented with small gifts signifying the theme of the cause (try to make it useful though). Don’t forget to attachan exquisite and personal thankyou note to show your appreciation for their contributions.

 

Rochelle Ceira is a keen blogger who loves to share her vast academic expertise to students who seek UK dissertation writers help.

Tags: , , , , ,

HEADLINE NEWS

Redding Record SearchlightCrowdfunding isn't about buying but about donatingRedding Record SearchlightImagine you're an innovator with a big idea but not a lot of cash to bring the idea to fruition. You spend some of your own money up front to design a cool demo, and then yo [...]

Can-Do Playground featured in national park crowdfunding campaignHockessin Community newsThe Can-Do Playground at Alapocas Run State Park was selected to be featured on the national crowdfunding site Fund Your Park by the National Recreation and Park Association. The crowdfunding camp [...]

City A.M.Identifying the risks of crowdfundingCity A.M.With the market recently hitting £10bn, crowdfunding is no longer a small fish in the big finance pond. But as the sector expands, it's also becoming more complex. Some say crowdfunding operates on the fringes of mainstream f [...]

NDTVCrowdfunding Restores Ponds In Drought-Hit Tamil NaduNDTVCrowdfunding is growing in popularity in the country as a means to finance medical emergencies, help underpriviliged people and assist during disasters. Environmental causes - from planting trees to cleaning beaches - is a r [...]

TechCrunchSnopes seeks crowdfunding in ownership battleTechCrunchHow many times have you heard some urban legend, chain letter or misleading bit of news repeated and immediately found a thorough, fact-based debunking on Snopes? Like every damn day for the last 20 years or so, right? S [...]

Sactown MagazineWe the PeopleSactown MagazineI believe people instinctively want to improve their neighborhoods, and crowdfunding sites are giving them a low-risk, low-cost and high-impact way of doing just that. One popular category of civic campaigns is for parklets—those bite-sized [...]

Vermont Public RadioAs Regulations Change, Interest In Equity Crowdfunding GrowsVermont Public RadioWhat's often called 'equity crowdfunding' is giving businesses, especially start-ups, a way to raise money when they can't access capital from traditional sources, l [...]

MashableStudy shows women are way better than men at crowdfundingMashableMale investors often don't fully understand the value of ideas women entrepreneurs pitch them. They throw capital at food delivery service after food delivery service, but ignore ideas that cater to groups t [...]

YouCaring Selected as Preferred Crowdfunding Platform for Major League BaseballMarkets InsiderSAN FRANCISCO, July 26, 2017 /PRNewswire/ -- YouCaring today announced that it has entered into a partnership with Major League Baseball (MLB) to bring crowdfunding to the Big Leagues. Throug [...]

ForbesWhy Crowdfunding Is Still Booming, Especially For Chinese Tech CompaniesForbesBased on recent media reports, it looks like crowdfunding is now in the "disillusionment" phase of the famous Gartner hype cycle, after peaking a few years back. I will argue that crowdfundin [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |