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.
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.
One of the largest crowd funding sites, FundMyTravel, allows travelers across the world to raise money for their trips. Whatever the reason of the getaway, be it sheer willingness to see the world, a business projects or family emergency, FundMyTravel allows you to start campaigns to raise money so you can reach your destination.
While starting a fundraising campaign seems to be easy with FundMyTravel, running a campaign successfully and effectively requires effort and immense creativity.
Since the success of your FundMyTravel campaign solely depends on how effectively and extensively you share the campaign, here we have listed 17 tips to make this job easier for you. Check them out and get inspired to share your campaign to a huge number of people:
Use the ‘share’ widget on your fundraising page
Before trying out any other method to share your FundMyTravel campaign effectively, first click the share icon on your campaign page and share it on social media portals like Facebook, Twitter and through email.
Traveling around Europe is the dream gap year for many of us, but the dream can often remain that way when it comes to having enough money to travel and experience Europe to it’s fullest. Having spent some time scrimping, saving and backpacking around Europe there is one tip I offer everyone who wants to get out there on a budget…head East.
Eastern Europe has somehow remained a hidden secret, yet having spent time traveling around Poland, Czech Republic and Slovakia, I can honestly say this is a great region to travel due to low costs and being rich in history and character.
I have put together a few tips I have picked up from traveling around the region.
Move locally. Travel Cheap.
Like most of the rest of the world Eastern Europe sees it’s share of budget airlines flying in and out. Surprisingly there are actually more budget flights coming in and out of Eastern Europe than in the West, try WizzAir as a cheap alternative.