With traditional funding sources for medical equipment and accessibility renovations drying up, people are turning to the online world for options. And who better to fund you than an entire crowd?
It seems like every time I access my social media account or read a news story, there is another story with another link to a crowdfunding page. We also hear about these through InfoLine and through our peer network. With some traditional funding sources drying up and an ever-greater need for money for necessary medical equipment, accessibility renovations, and more, people are turning to the online world for options.
It’s less time-consuming to set up an online account than to hold a benefit dance, a raffle or another type of community event. However, it isn’t quite as simple as creating your web page and watching the money start pouring in. There are lots of factors in a successful crowdfunding campaign. Before even going online, consider this:
Here are a couple of the more popular sites for individual fundraising efforts.
GoFundMe: Free to sign up but a 5% fee is deducted on all donations, plus a 3% processing fee. There are no deadlines and it doesn’t matter if you reach your goal or not; you still receive the funds you raise (less the fees listed above).
Indiegogo: Free to sign up but a 5% fee is deducted on all donations if you reach your goal. You can choose an all or nothing or flexible funding format. There are also processing fees, such as 3% plus $0.30 per credit card transaction.
There are hundreds more sites. Check out a few on Google before signing up for any of them, just to make sure that the one you choose will meet your fundraising needs.