In recent years, more and more entrepreneurs have turned to alternate funding. One of the biggest methods of alternate funding is crowdfunding — a process that enables people to raise money through the internet, allowing them to reach much larger audiences than ever before. Its success as a funding method is shown in the numbers: in 2014 alone, approximately $16 billion was crowdfunded. Since then, the numbers have only gone up.
Today, crowdfunding is used to support a variety of enterprises, from starting your own business, to new innovations in healthcare. Crowdfunding is also used to raise money for personal endeavors, such as funding a semester at college or supporting a travel experience. For travelers and wanderlusters, this sounds like a dream come true: a bunch of people giving you money to travel the world. Now who wouldn’t want that?
It’s easy to drop everything and choose to crowdfund your next adventure, but not all travel crowdfunding campaigns are successful. Unfortunately, a lot of campaigns end in crushing failure and disappointment, with little to fall back on. It’s important to effectively plan and prepare your crowdfunding campaign, so that it is one that people actually want to support. Here are some tips on how to do just that.
Studying abroad is one of the best opportunities you can take advantage of while in college – but it does come at a price. While some universities have programs that cost the same amount for studying abroad as they do at the home campus, many study abroad programs exceed the normal cost for tuition. In addition to tuition costs, travel expenses and costs while studying abroad can quickly add up. Here are some ways to budget so you are able to study abroad without stressing about the cost!
Cut Unnecessary Costs
In the moment, that pumpkin spice frappuccino from Starbucks and your Hulu account you use to catch up on your shows with might seem like dire needs, but getting rid of extra expenses like these is an easy way to start saving your money.
Turning your hobby into a full-time job is a dream for every one of us. After all, you will be doing what you love, and having fun in the process. So if you enjoy traveling and you often document your adventures on your blog, you should think about making a career out of it. Even though it might sound like a fairy tale, you can travel the world and earn money while you do so.
Having a travel blog can finance your voyages and enable you to visit various locations all around the globe. Be prepared to invest a lot of your time into creating interesting content and attracting the readership to your articles. There are numerous ways to do this so let’s start with the basics.
You can start by making affiliate recommendations to your audience. While this might not make you a millionaire, you will still earn some money, especially if you have a large number of followers or readers. If you are unsure where to start, share Amazon products you personally use and hotel bookings on your blog. Your readers should be able to click on an affiliate link which will lead them to another website where they can purchase an item or book accommodation.
You will earn a percentage from each and every sale, but your readers will not pay any extra money for their purchase. Always recommend trusted products or hotels you are familiar with. This will form a stronger bond between you and your readers. Therefore, they will always return to your blog in order to find a great place to stay at.
Are you planning to go around the world, drink wine in Paris, enjoy the vibrant nightlife of Vegas, and finance the whole or part of the trip through crowdfunding? Think again! It is not as easy as it sounds. You need to run a crowdfunding travel campaign to raise funds. And it requires a lot of hard work before, during, and after the funding (fingers crossed) campaign to finance your world trip from strangers. Here are four myths for travel crowdfunding that you must know before you launch your first campaign:
You can Travel the World without Giving Anything Back
Most people will not buy you a trinket and expect nothing in return. With this in mind, you need to create something to give back to your donors. Make travel documentaries, provide free and unique travel tips, or put together images of various travel places in the form of a coffee table book or something useful for other travelers. So, before you ask for money, think of value you are going to provide to your donors.
The last thing on your mind while you’re on vacation is your side hustle.
But a little bit of forward thinking on your next trip abroad can pay you back in dividends once you get home. That’s because the Internet goes wild for collectibles purchased from faraway places and re-sold domestically.
All you have to do is brush up on what people want. Pick up a few of the following five collectibles, and you’ve got a surefire way to make a little bit of money back after your next international getaway.
If you’re traveling to a country known for its unique, handmade or otherwise spectacular tapestries, head to the local market and start shopping for throw pillowcases.
They’re usually pretty cheap, and local merchants will probably be open to giving you a bundle deal if you’re making a big purchase. Plus, you can buy the pillowcases without inserts, meaning a big stack won’t take up too much space in your luggage.
Once you’re home, you can expect the colorful, unique, handmade pieces to go quickly once you put them up for sale. Rather than choosing the same old fabrics everyone else has, these pillowcases will stand out. Online buyers will love something different and one-of-a-kind for their homes.