GoFundMe has become one of the most popular sites for investing in promising projects. These run the gamut from books to video games, but some projects are more worthwhile to invest in than others. This is why it's important to discuss how certain projects can be invested in so that everyone involved ultimately benefits. Here are the do's and don'ts that the likes of Robert Jain will be able to provide.
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 become frustrated over GoFundMe mistakes. Whether it's investing too much money or ending up funding a dud, GoFundMe oversights are common. These don't have to go to waste, however. In fact, it's recommended that you make note of said oversights so that you stand a lesser chance of succumbing to them in the future. You will be able to make more solid investments, no matter what they'll eventually be for.
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 become frustrated over GoFundMe mistakes. Whether it's investing too much money or ending up funding a dud, GoFundMe oversights are common. These don't have to go to waste, however. In fact, it's recommended that you make note of said oversights so that you stand a lesser chance of succumbing to them in the future. You will be able to make more solid investments, no matter what they'll eventually be for.
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Please consult Bobby Jain for more details regarding finance.. This article, Do's And Don'ts Of Investing In Gofundme, By Robert Jain is available for free reprint.
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