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.