Crowdfunding: What Is It? Three Tips to Make it a Success!
Most people don’t think of kids as entrepreneurs, but the truth is that kids have innovative ideas that can turn into something lucrative over time. Some kids and teens even have revolutionary ideas for tackling some of the world’s hottest issues related to the environment, food safety, helping homeless, saving animals, etc.
Most of the kids’ ideas need funding to get started. As kids, they obviously don’t have a source of income to fund their dreams. Parents and family members may also not have the ability to financially back them. But this must not stop kids and teens to pursue their ideas to see where it takes them in their journey.
The best way to raise funds for kids/teen ideas is by using crowdfunding sites. If your kid/teen has shown the drive to be an entrepreneur with an amazing idea, you can use crowdfunding to raise funds for the idea. But what is crowdfunding exactly and how can you use it to its fullest potential.
What is crowdfunding?
Crowdfunding is a way to raise money for a cause or idea by convincing the crowd, i.e. individuals, to donate to help make that vision a reality. The donation can be as small as $5, $10, $50, or go big as per the individual’s capacity. Once the fundraiser has enough donations, they can have the funding they need to start working on the idea.
Online fundraising for kids can be done so that they can get money to procure the resources and essentials to start working on the idea. For example, if your kid/teen wants to learn music and needs money for buying the music essentials, you can create a crowdfunding campaign for donations.
Three Tips to make your crowdfunding campaign successful
If you create a crowdfunding campaign for your kid/teen, you want it to be successful so that your kid/teen can follow their idea and make it a reality. So, here are three tips on making your crowdfunding campaign successful:
1) Tell Your Story
If you want individuals to donate to the crowdfunding campaign, don’t forget to tell an intriguing story. Most people will donate to a campaign that has a touching story. So, make sure to clearly express and write down your idea and vision in a way that strikes a chord with the donors. You can also create a compelling video explaining your “whys” of your idea.
2) Have a Network
The best way to kickstart your crowdfunding campaign is to have an inner circle of people. A strong core network will ensure that you get an initial set of donations. Moreover, it will be easier for you to share the campaign on different social media platforms.
3) Offer Perks
Make sure to offer some perks to the donors. Maybe you can give them recognition on your website or ask them to contribute to the product design or such.
These are a few things that will make your crowdfunding campaign a success. And if you want to create a crowdfunding campaign for your kid/teen, you can visit our amazing online platform KidVisionaries.
Our crowdfunding platform is specifically designed to raise funds for ideas, resources, and causes taken up by kids/teens. So, check out our platform now to learn more.