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 understand that projects vary in many ways. This is especially true when it comes to legitimacy, as not all of them will end up coming to fruition. You might have heard of stories of people earning money for their projects, even beyond the goals that they set, only to end up not fulfilling their promises. For this reason, be mindful of the projects that you back. Bob Jain and other authorities on finance will tell you to do the same.
DON'T forget to stay up-to-date. Once you back a project, you will be able to track its progress over the course of time. What this means is that you should tune in every few weeks or so to see what these groups have to say. Perhaps they have news to share about new content or dates. Whatever the case may be, the more that you stay up-to-date with these projects, the more that you ultimately benefit from them.
DO know that you can contact those in charge of GoFundMe projects. In fact, you should take advantage of this if you feel like updates are slow to occur. After all, if you have a financial stake in a project, you should be able to communicate with those that are in charge of it. You may even learn new things about the project that you've backed in the process. Don't be afraid to reach out, as it may provide you with invaluable insight.
DON'T let your mistakes go unchecked. The more time that you spend on GoFundMe, backing projects along the way, the more mistakes that you're likely to make. Instead of becoming upset with yourself over said mistakes, take the time to learn from them. Remember what you did wrong so that you can endeavor not to make the same mistakes in the future. This will allow you make smarter long-term investments on this site.
DO understand that projects vary in many ways. This is especially true when it comes to legitimacy, as not all of them will end up coming to fruition. You might have heard of stories of people earning money for their projects, even beyond the goals that they set, only to end up not fulfilling their promises. For this reason, be mindful of the projects that you back. Bob Jain and other authorities on finance will tell you to do the same.
DON'T forget to stay up-to-date. Once you back a project, you will be able to track its progress over the course of time. What this means is that you should tune in every few weeks or so to see what these groups have to say. Perhaps they have news to share about new content or dates. Whatever the case may be, the more that you stay up-to-date with these projects, the more that you ultimately benefit from them.
DO know that you can contact those in charge of GoFundMe projects. In fact, you should take advantage of this if you feel like updates are slow to occur. After all, if you have a financial stake in a project, you should be able to communicate with those that are in charge of it. You may even learn new things about the project that you've backed in the process. Don't be afraid to reach out, as it may provide you with invaluable insight.
DON'T let your mistakes go unchecked. The more time that you spend on GoFundMe, backing projects along the way, the more mistakes that you're likely to make. Instead of becoming upset with yourself over said mistakes, take the time to learn from them. Remember what you did wrong so that you can endeavor not to make the same mistakes in the future. This will allow you make smarter long-term investments on this site.
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Please contact Bobby Jain for further information about finance.. This article, Robert Jain: The Do's & Don'ts Of Gofundme Investments is available for free reprint.
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