DAC crowdfunding

Crowdfunding harnesses the power of social networks and the internet to give people the means to raise funds, help others overcome hardship and meet aspirational goals. With crowdfunding, you can help a friend or an entire community.

You can do anything from paying for your own operation to fulfilling a student’s dream of going to university – and so much more.

If you’ve ever found yourself wondering, “What exactly is crowdfunding?” or “What are the benefits of crowdfunding?”, then read on! We’ll answer your questions about crowdfunding and give you tips on how to bring in donations.

The rise of crowdfunding

In recent years, crowdfunding has transformed the traditional fundraising landscape. It has bridged the gap between those in need and those available to help them, making it possible for people to offer direct support to those who need emergency financial assistance. This is all part of the bigger trend of individual giving. In 2017, charitable donations made by individuals rose by 4% to a total of £310.05 billion, overtaking both corporations and foundations.

People often turn to crowdfunding when they can’t afford the ever-increasing cost of health care or when they haven’t got insurance to cover major medical procedures. Some sobering facts about medical costs:

  • 40% of people can’t afford to spend £400 when faced with an emergency.1
  • 66% of people surveyed said that planning for out-of-pocket costs is both the biggest challenge and most stressful part of health care management.2

What are the advantages of crowdfunding?

When funding from the government and charities falls short, crowdfunding can be a lifesaver. Online fundraising removes the traditional barriers that typically exist when asking for support, making it simple to overcome financial obstacles quickly or raise money for a worthy cause. Here are some of the main advantages of crowdfunding:

  • There is no application process.
  • You don’t have to wait for ages to receive your funds.
  • Free crowdfunding sites don’t charge a sign-up fee and don’t charge a platform fee, which means that you get to keep more of what you raise.
  • Crowdfunding takes the fear out of asking for financial help. It’s simple to share your fundraiser with your network of friends and family members on social media.
  • Crowdfunding makes it easy to reach people outside of your network.

Four of the most common questions about crowdfunding

  • How do I know if crowdfunding is right for me?

    No cause is too big or too small for crowdfunding. Some people might worry that their fundraiser isn’t as worthy as others – but the beauty of crowdfunding is that it’s there to help all sorts of people and needs. Whether you want to help your pet, raise money to pay for a memorial or get help with bills, crowdfunding can help you to overcome the financial barriers that might be standing in your way.

  • What are the different types of crowdfunding?

    Donation-based crowdfunding:
    This is one of the most common types of crowdfunding. In donation-based crowdfunding, people support a cause by donating to it without receiving anything in return. The person running the fundraiser isn’t obliged to pay back donors or give them anything else in return for their contributions. GoFundMe is one of the major crowdfunding sites that uses donation-based crowdfunding.

    Equity-based crowdfunding:
    In equity-based fundraising, the fundraising organiser accepts money from investors, typically to help launch a business. In return, investors will receive a small piece of equity in the business or company.

    Rewards-based:
    Through rewards-based crowdfunding, the organiser of the fundraiser offers a reward to donors, usually a service or physical item, in exchange for a contribution.

  • Is it all right to raise money for myself?

    Absolutely. Thousands of people start online fundraisers every day to raise money for themselves. It’s understandable that you might be nervous about asking for money. But it’s important to remember that nearly everyone has experienced financial hardship at one point or another. You may well be surprised by the number of people who want to support you when you need it most.

  • What is the best way to get more donations?

    While there’s no magic formula for receiving donations, there are definitely steps you can take to set yourself up for success. The most important thing you can do is create a compelling fundraiser and build a community that is sympathetic towards your cause. This will inspire your network of friends and family to take action. For specific tips on how you can create an engaging fundraiser and share it far and wide, read on.

What’s different about crowdfunding on DAC?

DAC is the No. 1 and most trusted leader in free online fundraising for British Southern Cameroonians – Ambazonians across the world. We empower people to rally support for personal and charitable causes. We built our reputation by serving and supporting our community of organisers and backers and we earn that trust back every day. DAC’s giving community is more of an arsenal of strong women and men devoted in supporting others.  You can be part of this team by joining us today.


BECOME A DAC MEMBER

How it works

Our industry-leading fundraising tools help individuals, groups and organisations share their stories far and wide.
Even small donations can add up to something extraordinary.

1

Create your fundraiser

DAC helps recognised NGOs and charities to set up a fundraiser quickly to support our vulnerable people. You can raise money as charity or NGO requesting others to join your fundraising team.

2

Share your fundraiser

Our sharing tools help you spread the word about your story via social media, emails and text messages. We make it easy to keep your network informed so you can raise more money quickly.

3

Easily accept donations

DAC enables our backers or contributors to channel funds directly to the  beneficiary’s bank account, so you can get help straight away. Also, our transparency makes sure we keep all our backers up-to-date with the outcome of their contributions.

Choosing the right crowdfunding platform

More people use DAC than any other platform – and they’ve raised more money than anywhere else.
Here’s what makes DAC stand out from the crowd:


HOW IT WORKS