Maybe you have an idea for an incredible new invention, feature film, or other project, and while you're sure it will be a success, you simply don't have the funds available to make your dream a reality. Thankfully, with sites like Kickstarter, RocketHub, and Indiegogo, you can crowd fund your project online quickly and easily simply by sharing your campaign on social media. Check out these tips for creating a successful crowdfunding campaign for your passion project.
Pick the Right Platform
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There are thousands of crowdfunding site options out there, so it's important to do your research and pick the one that will best serve your projects needs. For example, while Kickstarter is a popular option that draws millions of users, you have to be confident that your project will reach its financial goal, because if it doesn't all the money you earned will be returned to your backers. While Indiegogo isn't as big as Kickstarter, it does offer a flexible funding option, meaning even if you don't reach your goal, you'll get the money. Gofundme is also a popular option, but is more focused on non-profit causes and charity, so it may not be the best place to fund a product idea.
Craft a Convincing Pitch
It's important to convince your audience that your project is an important innovation that will somehow benefit them. Describe your project in clear detail, lay out the steps you will take to make your dream a reality, and include convincing images, diagrams or even videos to make your pitch even stronger. Make sure that your passion for the project comes through in your pitch, because if it doesn't feel like you really believe in the project, it will be very difficult to convince your audience to believe in it. While your pitch should be relatively in depth, we also recommend crafting a shorter elevator-type pitch, so that the casual browser can also get a good idea of the project with very little effort.
Define Your Audience
Who do you see benefitting from your idea? If it's a film, who would see it? If its a product, who would use it? When you can answer these questions with assurance, you can begin finding ways to target that audience. Maybe that's finding facebook pages or other sites where users fit the qualifications of your ideal consumer, maybe that's simply reaching out to family and friends you think would be interested. Once you know your audience, you can also craft your pitch to appeal to those people.
Create Incentives for Donation
People like to feel like their good deeds are recognized. Whether its sending a free tote bag to every person who donates a certain amount, or including the names of your most generous benefactors in the credits of your film, its important to make people feel like their generosity is appreciated. This can be as simple as sending thank you notes.
Utilize Your Own Community
The people most likely to donate to your campaign are your friends and family who know you, and believe in you. That means it's important to post your campaign to your personal social media, send emails out to your address book, and generally be persistent in your own community about your project's importance. It may feel awkward to ask people you know for money, but it's likely they'll appreciate your entrepreneurial spirit, and be happy to help you out.
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.