Crowdfunding and Competitions

If you have trained hard and qualified or earned the chance of entering a national or international competition, whether for sport, creativity, inventiveness or an academic subject, the chances are the costs could be a deciding factor in your decision to enter.

However, there are a number of routes you can take that could reduce or even eliminate costs altogether.

 

Grants

 

Most local authorities have grant schemes for sports, education, innovation and the arts. It would be well worth contacting them and asking what their policy is and what the criteria is for eligibility. Many authorities do have tight budgets, so don’t be disheartened if you are declined.

 

Sponsorship

 

Business sponsorship is great way to develop a long term relationship with a business. Many Businesses are happy to sponsor teams or individuals that have shown initiative and dedication in their chosen field. Businesses may ask for advertising in return (i.e. having their business name printed on kit or materials), others are simply happy to add this to their own promotional information – such as ‘….proud sponsors of ….’

 

Loan

 

Taking out a loan to fulfil an ambition is perfectly acceptable and is a legitimate reason for borrowing money, though with the current financial climate, this may still be out of your reach.

 

Fundraising

 

Fundraising is a popular way to raise money for competitions. The skills you acquire due to your dedication to your chosen field are an excellent basis to apply to fundraising. Discipline, dedication, organisation, networking, socialising are fantastic tools to help make a fundraiser a success.

 

So what is one of the most popular ways to fundraise?

Crowdfunding… But why?

 

Crowdfunding

Crowdfunding is one of the quickest ways of raising funds. It relies on all of the above skills mentioned for fundraising, but it is fast – and that is thanks to social media and the internet. Even if you do not have or use social media, the chances are someone you know does. So by sharing your fundraiser with them and inviting them to share it with everyone they know, means your fundraiser reaches people you don’t even know.

Additionally, crowdfunding is internet based, so if local media such as TV, radio and newspapers get to hear of your fundraiser and they publish or share your link – who knows how far your fundraiser could go?

If you need to fund your competition costs, click the link below and find out how easy it is to start fundraising today!

 

Visit GoGetFunding & Start Your Own Campaign >
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Author: Sandip Sekhon

The founder and CEO of GoGetFunding. He graduated from University of Westminster and also holds an MSc from Cass Business School. Sandip is an avid martial artist and an absolute tech geek!

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