If you have an idea that requires funding, it may be worthwhile to look to the Internet. Enter GoFundMe, which is a crowdfunding platform where users can financially back the projects that they deem promising. Not every project will be a grand slam, however, so knowing where your money should go takes a considerable amount of attention. For those that would like to make smarter investments on this site, the following do's and don'ts from Robert Jain should be adhered to.
DO know that not all projects are equal. To the untrained eye, every project that exists on GoFundMe is on the same level. This couldn't be any further from the truth, as they are maintained by different individuals and groups. Some people know what goes into a business, while others may not know what they're doing the first time around. This is just the start of the insight that names like Bob Jain can provide.
DON'T overlook the importance of news. GoFundMe projects should be designed to keep their backers in the loop. As a backer, you have access to updates that will allow you to see how said projects are performing. This is ideal, to say the least, as it provides a level of transparency that would have been lost otherwise. For those that believe that they'll be given little news after backing a project, rest easy knowing that this won't be the case.
DO reach out to those in charge of the projects you back. If you feel like you're not receiving the updates that you feel you should, why not reach out to the creators directly? You can do this through email, social media, or even text if they allow for a phone number. The more lines of communication you have, the easier it will be to get in touch with the right people. This will provide you with the information that you're looking for.
DON'T forget that your mistakes on GoFundMe matter. You may have backed a project that went nowhere. If this is the case, know that you're not the only one. However, to prevent this from occurring in the future, learn from your mistakes. By doing so, not only will you be able to avoid potential duds, but you can put your money toward investments that will provide solid returns in the future.
DO know that not all projects are equal. To the untrained eye, every project that exists on GoFundMe is on the same level. This couldn't be any further from the truth, as they are maintained by different individuals and groups. Some people know what goes into a business, while others may not know what they're doing the first time around. This is just the start of the insight that names like Bob Jain can provide.
DON'T overlook the importance of news. GoFundMe projects should be designed to keep their backers in the loop. As a backer, you have access to updates that will allow you to see how said projects are performing. This is ideal, to say the least, as it provides a level of transparency that would have been lost otherwise. For those that believe that they'll be given little news after backing a project, rest easy knowing that this won't be the case.
DO reach out to those in charge of the projects you back. If you feel like you're not receiving the updates that you feel you should, why not reach out to the creators directly? You can do this through email, social media, or even text if they allow for a phone number. The more lines of communication you have, the easier it will be to get in touch with the right people. This will provide you with the information that you're looking for.
DON'T forget that your mistakes on GoFundMe matter. You may have backed a project that went nowhere. If this is the case, know that you're not the only one. However, to prevent this from occurring in the future, learn from your mistakes. By doing so, not only will you be able to avoid potential duds, but you can put your money toward investments that will provide solid returns in the future.
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