5 Reasons why Crowdfunding is the Perfect Launch Platform for your Social Enterprise

The concept of crowdfunding is a fast growing one. It is slowly and steadily overtaking the more traditional ways of funding for social enterprises. While money is the most important aspect of this concept, it is not the be-all and end-all of it. There are manifold advantages to using an online platform to launch your social enterprise. With technology at our fingertips, acquiring targeted reach, visibility, and collaborations is now easier than ever.

So here are 5 reasons why crowdfunding might just be the perfect way for you to launch your social enterprise:

 

1) More efficient than traditional ways of raising capital

As opposed to the traditional method of personally making pitches to donors, crowdfunding for social enterprises on an online portal is far more efficient in getting your message out to lots of people, and to the right audience. Besides that, the cost of launching a crowdfunding campaign is little to nothing.

 

2) Great platform for a powerful story

It is a great platform to showcase the authenticity of your initiative. Through a powerful campaign, you can gain the confidence of donors, and show them how much of a difference their contribution can make to your efforts in creating an innovative solution for the society.

 

3) An efficient marketing tool

It is a great way to analyze and gauge the reactions of people towards your cause, through which you can partially determine the success of your campaign. All you need is the perfect online portal for the project you would like to raise funds for. Even with a few supporters in the beginning, you will find it remarkably easy to create a strong database of like-minded individuals. That said, effective marketing will even facilitate collaborations.

 

4) Generates new ideas and feedback

When you run your campaign on various social media platforms, you tap into many different audiences. Each type of audience will have a different take on the concept you are putting out. As long as you can engage people and start conversations, ideas from different people will keep flowing in. Aside from that, it is a great way to get feedback and improvise on the shortcomings of your campaign.

 

5) Polishes your business and management skills

Running a full-fledged campaign involves analyzing, strategizing, marketing and PR, having impactful communications, and employing quick decision-making abilities. Not only that, you will find yourself juggling several tasks at the same time, which will polish your time management skills as well.

 

Every great idea requires a secure source of funding. To put it simply, crowdfunding can bring out the creative potential in every initiative. So, if you are raising funds for your venture, these benefits are worth considering.

Interested in participating in the Social Enterprise Challenge, 2017 and taking your venture to the next level through crowdfunding? SEC 2017 has an array of attractions and cash grants for social entrepreneurs.

Start a fundraiser to power up your social enterprise and maximize impact now!

 

3 Truly Amazing Initiatives to Motivate You this New Year

We are marching towards a new year with great vigor in the next two days.
Everybody has their brain cells working on New Year resolution lists, ideas, gifts.
Let a quick read on these wow initiatives of 2016 motivate you to enter 2017, inspired.


1. Empowering Women – Valuing Crafts, Generating Livelihood   

RUAS is a nonprofit that is working towards promoting the valuable embroidery crafts of the region while also empowering the local artisan women to earn a livelihood with their talent. Suf is one of the lesser known embroidery art form from the region of Kutch, Gujarat that is being highlighted by them.

RUAS India

Recently, Madhu Jain –India’s leading craft revivalist also showcased the greatness of India’s rich weaving tradition in the first-ever French European India Fashion Week in Paris, an initiative of our Prime Minister co-hosted by Namaste France. October saw the French praising the SUF. Commendable, isn’t it?


2. Helping Animals Stand Back on their Feet