Crowdfunding is the art of raising funds online through a platform. It is simply an online fundraising which eliminates the need for extra costs like venue, food, which are incurred through the traditional fundraising method. While there are many benefits for those who are crowdfunding, what advantages does it present to funders? Here are a few…
You Get to Support What You Believe In
Do you believe in supporting mobility-challenged people? Do you believe in causes that support children?
Many people who would like to do more for their communities, often wonder where they can access these organizations and offer their support. Well, in crowdfunding platforms, there are quite a good number of campaigns that are raising funds for different causes. As such, if you are passionate about something, head to crowdfunding platforms and check out which campaigns you can support. Take a look at this campaign: #keep a child in school by KAWE Kenya.
It’s an Opportunity to Enjoy Cool Products
Many crowdfunding campaigns are used to launch products that are not available in the market. If you would like to test out something that others may not have, then supporting a campaign, through buying a reward, is a great way to go.
Check out this campaign The Utulav Toilet Campaign by Syna Consultancy Limited. They are launching a new toilet in the market, specific for the paraplegic or mobility-challenged people. Or check out these cool t-shirts from A Jam Session with Buhlebendalo & Friends campaign.
Enjoy Returns on Investment
Investment crowdfunding campaigns can be a great way to gain returns for funders. Some of them can offer you equity to a company that may one day become a big deal.
Indeed, there are risks involved with investments. However, if you read the terms and conditions well, and invest only the amount you are willing to loose, and take a little risk, you may get to enjoy great returns.
Their Success is Your Success
Entrepreneurs and creatives head to crowdfunding platforms to raise funds for their ideas and businesses. When they succeed and start their business or expand their art, since you funded them, then you succeed too. There’s great joy and satisfaction in seeing others succeed and knowing that you were a part of it. Go ahead and support a campaign.
It’s A Networking Opportunity
Ever wondered who else is interested in what you like? Ever wondered what lessons they can share with you? Try supporting a campaign.
Through supporting a campaign, you get to network with project creators. You can benchmark with them, compare notes, learn what they know, who they know and the where. This can come in handy especially if you are looking to enter into the same industry or field.
Crowdfunding campaigns come in many forms and categories ranging from film and animation, food and beverage, fashion, music, art and entertainment, engineering and mechanics, personal causes, non-profit causes education to much more.
As a funder, you are spoilt for choice on which campaign to support.