DEFINITION OF DONATION BASED CROWDFUNDING
Donation crowdfunding or donation based crowdfunding in 2023 is by definition an option to obtain funding from a crowd of donators with the objective to finance a project which makes social sense or a cause in the context of charity without expecting the funds to be returned.
The donation crowdfunding consists of a crowdfunding by donation that makes it possible, via an online platform, to raise funds with or without counterparties, it generally applies to cultural, humanitarian or social projects.
The donation based crowdfunding is one of the four types of crowdfunding. Crowdfunding in general can take following forms: equity crowdfunding, debt crowdfunding, reward crowdfunding and donations based crowdfunding.
The donation crowdfunding in 2023 is accessible through a large number of fundraising plaforms in which people make donations with or without non-financial reward and in this case this be symbolic in the form of the sample or product of the financed project.
DONATION BASED CROWDFUNDING FOR WHOM?
Donation crowdfunding is dedicated for several types of fundraisers which mainly consist of entrepreneurs and organizations seeking funding for their projects:
DONATION BASED CROWDFUNDING FOR TYPE OF PROJECT?
Normally, donation crowdfunding is dedicated to projects that need finance and were the fundraiser is not able to offer backers anything in return beyond the good feeling of having supported their project.
Donations crowdfunding is the most simple way to crowdfund a cause or a project. One of the main benefits of crowdfunding is that it can help projects that would otherwise struggle to access funding Donations based crowdfunding runs on charity basis. The motivation to make a contribution is not financial profit. Instead, donators see their return and reward in form of happiness seeing that their funds are used for an honorable cause such as a social project.
ADVANTAGES OF DONATION BASED CROWDFUNDING
In comparison to the other forms of crowdfunding such as equity, debt, or reward crowdfunding where a return is expected, donation crowdfunding presents the following advantages:
DONATION CROWDFUNDING OPTIONS
It is important to distinguish between two crucial options when proceeding with fundraising online as it can have an impact on the success of crowdfunding campaigns:
DONATION BASED CROWDFUNDING PLATFORMS
Donation Crowdfunding platforms are websites which allow to set up an online fundraising campaign and receive money directly from that digital place using the website’s own payment process. Many people who want raise funds for a good cause find out about crowdfunding platforms become too optimistic and make a mistake by thinking that these places are a fundraising paradise.
It is crucial for a fundraising campaign to compare all platforms in order to find the best one responding to a specific project or cause. A big attention for crowdfunding goes to mega platforms, however thousands of small places to meet campaign objectives are existing worldwide. Fundraisers need first to understand the fees structure and the specific advantages of each platform to go for the right choice.
TIPS FOR A SUCCESSFULL DONATION CROWDFUNDING CAMPAIGN
To achieve a successful fundraising campaign, a fundraiser needs to be proactive. It’s a mistake to think that a platform will work alone. It’s all in the promotion of the project. Additionally, a fundraiser needs to:
Donationcrowdfunding.com has selected the best platforms to proceed with donation or to launch a fundraising campaign.
GLOBAL AND LOCAL DONATION BASED CROWDFUNDING ONLINE PLATFORMS
LOANS WITHOUT FEE
LOANS WITHOUT INTEREST