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IF MONEY IS THE ONLY THING STOPPING YOU FROM DOING SOMETHING GOOD IN THE WORLD THEN CROWDFUNDING SITES ARE ANSWERS FOR SOCIAL ENTREPRENEURS

 
 
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IF MONEY IS THE ONLY THING STOPPING YOU FROM DOING SOMETHING GOOD IN THE WORLD THEN CROWDFUNDING SITES ARE ANSWERS FOR SOCIAL ENTREPRENEURS
by System Administrator - Wednesday, 18 July 2018, 10:12 PM
 

By : M.S.Yatnatti: Editor and Video Journalist Bengaluru : Digital fund raising. If you think money is the only thing stopping you from doing something good in the world, stop waiting and start doing some good! Nothing better symbolizes entrepreneurship than fundraising. Social entrepreneurs are no different. Today, there are a host of on-line resources for crowd funding that social entrepreneurs can use to fund their projects, films, books, and social ventures. Today, I'll briefly profile few of them . All of these sites are making great things happen for real people every day, advancing the arts, entrepreneurship and philanthropy in myriad ways. Check them all out and decide which one is the best for you. Note that in general, the tax deductibility of donations made on these sites is determined by the tax status of the organization to which you donate and not by the crowdfunding site used. Check with your tax accountant if you have questions before you make a donation or equity .While almost all the media attention for crowdfunding sites goes to mega platforms like Kickstarter and Indiegogo, there are hundreds of other crowdfunding and fundraising websites to meet your campaign goal. Understanding the fees and unique features at each will help you take full advantage of the boom in alternative funding.You see, there's so much more to successful crowdfunding than hopping on a site with lots of traffic. It's about finding that crowd that is going to be interested in supporting your project. You can google for updated list of crowdfunding platforms and fundraising websites with a list of sites and crowdfunding resources to help you raise money online. Besides fees and the types of projects allowed on these crowdfunding sites, pay attention to which categories seem to do the best on the site and which resource tools you can use to make your campaign go smoothly.If a fundraising site has a forum or some type of community, spend some time to see if it leans toward any particular category or demographic. This will give you an idea of the kind of audience you can expect from the site and how appropriate it is for your campaign.