Debunking 5 Common Crowdfunding Myths for World Crowdfunding Day
By: Alex Shipley on | Comments: 4World Crowdfunding Day was originally established to raise awareness about crowdfunding and its potential to help people in need or make a difference. While crowdfunding has become more popular over the years, many still have their doubts and hesitations about it.
Whether it’s concern about its legitimacy, they think it’s not worth the effort, or they don’t believe it can work for them, we want to address some common misconceptions people, and maybe even you, may have about crowdfunding.
Myth #1 - My Donation Has to Be Large: Some people believe their small donation won’t go far enough to make a real difference, so unless they’re able to give a large sum of money, they simply don't give at all. However, GiveSendGo processes countless donations in the $20, $10, and even $5 amounts! Every donation, big and small, adds up to a much larger sum than one person could contribute alone. That’s why it’s called crowdfunding!
Additionally, because we lowered our third-party’s processing fees, campaign owners get to keep more of the money they raise, making your support go even further to help those in need.
Myth #2 - Crowdfunding is “Easy Money”: While crowdfunding can be a great way to raise funds, it's not as simple as expecting strangers to support your campaign. The most significant support often comes from your network of friends, family, and community who want to see you succeed. As 2 Corinthians 9:6 reminds us, "Whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully." By putting in the work, like consistently sharing your campaign, you're likely to see better results.
That being said, our Giver Army 2.0 is comprised of generous people dedicated to giving to causes on GiveSendGo Charities every month. Those contributions are then pooled together and distributed to campaigns with great need on GiveSendGo. Your cause could be next in line for support!
Myth #3 - Crowdfunding is a Scam: This misconception might stem from a lack of familiarity with crowdfunding or previous personal experiences with fundraising scams. However, GiveSendGo has a proven track record of helping individuals and communities raise funds for legitimate causes.
While no platform can be completely free of fraudulent campaigns, we maintain a strict verification process to identify and flag suspicious and deceptive campaigns, ensuring a secure and transparent fundraising platform for both campaign owners and givers.
Myth #4 - My Cause is Not Good Enough: It's a common misunderstanding that crowdfunding is limited to emergencies or mission-related causes. In reality, crowdfunding is much more versatile! Whether you're raising funds for your pet, a charitable cause, or publishing a book, no cause is too small or "insignificant" to fundraise for. GiveSendGo supports a wide range of campaigns across 20 fundraising categories, from assisting families with adoption expenses to helping teachers purchase classroom supplies.
While other platforms may restrict who can raise funds and for what causes, we believe everyone has the right to fundraise for causes they believe in - even if we may not agree with the cause and so long as it’s legal.
Myth #5 - No One Cares About My Campaign: At GiveSendGo, we care deeply about every campaign on our platform. Our Hope Team calls every campaign owner on our site to offer support and prayer. NO other crowdfunding platform does that!
So now that you know the truth about crowdfunding, on THIS World Crowdfunding Day, we challenge you to support a campaign by giving to them financially, or sharing their cause with YOUR network, allowing others to be generous as well.
*See GiveSendGo’s Terms of Use
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Whether it’s concern about its legitimacy, they think it’s not worth the effort, or they don’t believe it can work for them, we want to address some common misconceptions people, and maybe even you, may have about crowdfunding.
Myth #1 - My Donation Has to Be Large: Some people believe their small donation won’t go far enough to make a real difference, so unless they’re able to give a large sum of money, they simply don't give at all. However, GiveSendGo processes countless donations in the $20, $10, and even $5 amounts! Every donation, big and small, adds up to a much larger sum than one person could contribute alone. That’s why it’s called crowdfunding!
Additionally, because we lowered our third-party’s processing fees, campaign owners get to keep more of the money they raise, making your support go even further to help those in need.
Myth #2 - Crowdfunding is “Easy Money”: While crowdfunding can be a great way to raise funds, it's not as simple as expecting strangers to support your campaign. The most significant support often comes from your network of friends, family, and community who want to see you succeed. As 2 Corinthians 9:6 reminds us, "Whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully." By putting in the work, like consistently sharing your campaign, you're likely to see better results.
That being said, our Giver Army 2.0 is comprised of generous people dedicated to giving to causes on GiveSendGo Charities every month. Those contributions are then pooled together and distributed to campaigns with great need on GiveSendGo. Your cause could be next in line for support!
Myth #3 - Crowdfunding is a Scam: This misconception might stem from a lack of familiarity with crowdfunding or previous personal experiences with fundraising scams. However, GiveSendGo has a proven track record of helping individuals and communities raise funds for legitimate causes.
While no platform can be completely free of fraudulent campaigns, we maintain a strict verification process to identify and flag suspicious and deceptive campaigns, ensuring a secure and transparent fundraising platform for both campaign owners and givers.
Myth #4 - My Cause is Not Good Enough: It's a common misunderstanding that crowdfunding is limited to emergencies or mission-related causes. In reality, crowdfunding is much more versatile! Whether you're raising funds for your pet, a charitable cause, or publishing a book, no cause is too small or "insignificant" to fundraise for. GiveSendGo supports a wide range of campaigns across 20 fundraising categories, from assisting families with adoption expenses to helping teachers purchase classroom supplies.
While other platforms may restrict who can raise funds and for what causes, we believe everyone has the right to fundraise for causes they believe in - even if we may not agree with the cause and so long as it’s legal.
Myth #5 - No One Cares About My Campaign: At GiveSendGo, we care deeply about every campaign on our platform. Our Hope Team calls every campaign owner on our site to offer support and prayer. NO other crowdfunding platform does that!
So now that you know the truth about crowdfunding, on THIS World Crowdfunding Day, we challenge you to support a campaign by giving to them financially, or sharing their cause with YOUR network, allowing others to be generous as well.
*See GiveSendGo’s Terms of Use