This week we were concentrating on crowdsourcing and crowdfunding as a possible options how to help our NGO. We researched few websites and made pros & cons to get a clearer shot.
- Cost %
- A great community of lenders
- Low loan amount
- Speed of funding 3+ months
- Some businesses don’t get funded because of lack of lender support, even though they have good endorsement.
- Invite your own lenders
- Specific loan terms
- 15 days to invite the required number of lenders
Overall a great option if your business only needs a small amount and can wait for few months.
- Keep 100% of what you raise even if you haven’t hit your target
- They support 8 different categories which are devided
- 100% free
- Their goal is to help new artists, musicians, designers not communities
- If you don’t hit your funding goal in the specified time frame, you don’t receive any of the funds
- You have to make a video about why you want to raise money
Crowdfunding is not that easy. It comes with a lot of effort and dedication, but if one puts in the necessary work, they can become successful. Crowdfunding is a great opportunity how to introduce yourself and your vision to the larger market and audience. Besides getting the financial support you can receive useful comments, feedback, ideas or find new loyal customers. But of course not every story ends happily and you have to take into account possible risks or failures.
- Ideaken – collaborative crowdsourcing
- Innocentive – open innovation problem solving
- Ideaconnection – idea marketplace and problem solving
- Onebillionminds – online (social) challenges
Crowdsourcing can be very useful, because it can help in many different ways, for example:
- Finding solutions
- Collecting, organizing new ideas, opinions
- Gathering knowledge
- Connecting with different people around the world
- Finding workers etc.
That’s why right now we are considering ways in some of these sites could be useful to our particular cause.
This Wednesday we also had a chat with Shorty about our newest ideas. We have two of them, which we already shared with her and later in the evening they will appear on the blog. Throughtout the entire week we met up as a group to discuss our ideas and possible actions, which helped us to get a clearer look on our goals and NGO needs. This week seemed the most productive, because we finally sorted out the bunch of ideas we had and picked out the best ones. Hopefully the next week will be even more productive.