Crowdfunding is the ability for large groups of people to band together and make small donations towards a single goal. Many crowdfunding websites have popped up in recent years with different missions. Crowdfunding can involve garnering donations to start a business, fund a vacation, or cover medical expenses.
And, it’s a growing field. Forbes reported that crowdfunding has nearly quadrupled in two years, moving from a $32 million market to a $123 million market! Researchers believe this growth will only continue as more and more people find ways to participate.
So, How Does it Work?
The idea that one person can use his or her network to bring an idea to life is the foundation of crowdfunding. By having a huge group of people support a project through small donations, organizers can gather large sums of money to fund their projects.
You can use the power of crowdfunding to create your own personal fundraising page on GiveForward. Share your page with friends and family members and receive many small donations. These small donations can add up and cover expensive procedures, daily expenses, or preventative treatments.
How Does GiveForward use Crowdfunding?
GiveForward is the #1 website for crowdfunding for medical expenses. Through small donations, thousands of families have raised millions of dollars for loved ones. Amy Cowin was able to use crowdfunding to raise $44,000 for her sister’s kidney transplant on GiveForward. Learn more about how she raised money online through hundreds of small donations in the video.