5 myths you need to know about crowdfunding

Organizing a charity campaign (crowdfunding) has been around for a long time in different cultures and under different names. In African and Caribbean communities, there are circles for saving money and donations called sou-sou . Temples of worship may start collecting food for victims of an accident. Nowadays, the Internet helps people raise funds for medical care, charities, necessities , training and education, animal rescue , and other causes or issues. Despite its growing popularity, myths about crowdfunding lead many to assume the process is time-consuming, expensive, and dangerous.

Let's learn the truth behind six common myths about online crowdfunding.

6 common myths about charity campaigning that need to be busted

Myth #1: Online fundraising takes a long time to get started

Setting up a donation page is easy. You choose a funding goal, create a catchy fundraising headline, and choose the category that best fits your fundraiser. You can also add videos and photos. Once you've gathered your materials, it takes a few minutes from start to finish to create your fundraising campaign.

Sharing your fundraising campaign can be done via Facebook , Twitter , WhatsApp or other channels.

Myth #2: I can't raise money for myself

Asking for help isn't always easy. You may have been brought up to believe that asking for donations is shameful, a sign of failure or a sign of weakness. But in reality, everyone needs help at some point. If you're having trouble paying your bills, know that you're not alone.In 2019, the Federal Reserve found that three out of 10 American adults don't have enough savings to cover three months of expenses in the event of an emergency. That means millions of people are one job loss or illness away from financial hardship.

Fundraising for individuals is an effective way to get your loved one out of a difficult situation.

Myth #3: No one will want to donate to my fundraising campaign

Your friends, family and community want to help - all you have to do is spread the word about your cause. Small businessconsulting firm Fundera has compiled crowdfunding statistics , which show that projects have an average of 47 supporters. It has also found that if people share the fundraising campaign via personal email , over half of the recipients donate to the fundraising campaign.

There are times when you may need help and the data shows that your network can take you to your goal.

Myth #4: Fundraising is only for serious emergencies

Raising money for funerals and memorials, education and medical bills can all be done on the platform.

Many countries provide a lot of money and non-emergency services to residents in need. Compared to countries in Europe, for example, the U.S. has a weaker social safety net . The COVID-19 pandemic has made the gaps in the social safety net particularly clear. A website for personal donations can offset day-to-day costs when there is little help from government or nonprofits.

Myth #5: Charity campaign websites are expensive

There is only asmall transaction fee per donation. Everything else goes directly to your cause because that's what's most important. Unlike us, other top crowdfunding sites have fees.

Check out this article 100% transparency of donations to charity campaigns on the PavelAndreev.ORG platform to learn more about us.

Visit PavelAndreev.ORG's causes page to see more examples of how certain donation amounts can help.

You're already a myth buster for organizing charity campaigns, so it's time to start fundraising

If you're considering starting a fundraiser, remember that people are generous by nature. It feels good to help someone in need. Myths about organising charity campaigns prevent people from asking for help, but myths aren't reality. Now that you know the truth, you can immediately start fundraising for yourself, a loved one or a charity.