When it comes to crowdfunding platforms, GoFundMe is one of the most popular. There are many projects that exist on this platform for the purpose of garnering financial support. How many projects have you backed in the past? Have some been less promising than others? It's important to know how to smartly invest, which is where insight from Robert Jain can come into play. Here are a few do's and don'ts that will help you get the most from your money.
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 forget that GoFundMe projects come with updates. As a matter of fact, if you end up backing a project, it's in your best interest to stay up-to-date with the news. There's no denying the fact that transparency goes a long way, especially in the age of digital media we live in today. The public craves information, so why keep them in the dark? By continually staying updated, you'll be able to get more out of your investment.
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 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 forget that GoFundMe projects come with updates. As a matter of fact, if you end up backing a project, it's in your best interest to stay up-to-date with the news. There's no denying the fact that transparency goes a long way, especially in the age of digital media we live in today. The public craves information, so why keep them in the dark? By continually staying updated, you'll be able to get more out of your investment.
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 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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Kindly consult Bobby Jain for further details regarding finance.. Free reprint available from: Do's And Don'ts Of Investing In Gofundme, By Robert Jain.
