Money is an essential element to all startups and businesses. Lack of money will close the door to business
expansion. Funds can support startups and businesses in the initial days of their business activities. It can manage and
achieve many goals including software production, team, website, commercialization, office, and many more that a
business does in its early days.
Collecting funds or money for a reason from individuals, corporates, or businesses is called Fundraising. It is the
technique to collect money for non-profit organizations but has now nowadays been for use in fundraising for noble
causes including helping those who get injured in war, helping people who are affected by some geographical
phenomenon like tsunamis or floods, and many others. Traditionally fundraising happens normally but today online
fundraising become popular.
Various Kinds of Fundraising
1. Fundraising needs Capital Campaigns
Capital execution is those fundraising events that are bound for a particular NGO organized for a particular
project or reason. It needs a perfect set of planning and execution to arrange them.
2. Taking Corporate Support for Fundraising
NGOs or Non-profits reach out to the corporates and tell them about their vision, mission, and how they are
making sponsorship society. The corporate companies provide their contribution via their foundation or set
some budget for them. Some corporates also offense ship to counted capital campaigns so they can generate
funds as well as broaden the brand outreach.
3. Fundraising through Online Mode
Fundraising through online mode is counted as one of the easiest ways of collecting funds. Online fundraising
also helps broaden the reach of the business. There are plenty of online fundraising platforms available
including Milaap that can help the business with funds. Online fundraising has the potential to be a powerful
tool for fundraising.
4. Fundraising through Earned Income
The amount of money that can be earned by selling the goods and services provided by the non-profits is in
the category of earned income. Being Human brand is the perfect example to understand this, when a person
buys some goods from this brand the earned income will contribute to the Being Human Foundation, and
that's how fundraising through earned income works.
There are ideas for raising funds for your business easily that are as follows –
Bootstrapping the Business
Avail loan
Ask your, friends and family, to bring up capital
Arrange a crowdfunding event
Digital Signature Certificate
Self-attested copy of PAN Card to be provided
Self-attested copy of Aadhar Card; or Voter’s ID Card; or Driving Licence
Photograph
Mobile No. &; E-mail Id
Other Details (Details of Citizenship, Nationality, and Residential Status to be provided)
1. Package Selection
There are different service packages available at legal24by7. You can avail of any of them according to your
choice and make the required payment.
2. Consult with Our Experts
The team of customer executives will connect you with your Expert Lawyer. You can connect with them for
taking advice over the phone for 30 mins.
Legal24by7 is here to make everything easy for you. If you have any doubts about how to start with the procedure,
we are here to resolve this confusion for you. We will enlighten you about what are the different criteria you must
fulfill & what is the best possible way you can do everything smoothly. For convenient Fund Raising Advice, we have
a team of highly skilled professionals and a large network of people who can assist you with every service that you
will need.
The annual fund is nothing but a fundraising campaign for non-profits during the same period every year.
Yes, it is a purely safe option to donate by credit card or check or follow the payment card industry data security standards and maintain your data safe and secure.
You have to hold an event public place, where you must get permission from local authorities or property owners and other NGO-required documents.
Crowdfunding Online donations Direct Mail Social Media Marketing Connect to the online website for fundraising
Yes, it is allowed in India except in equity-based crowds.
Peer-to-peer fundraising is an online option to raise funds for non-profits through social and team networks by reaching out to each other on their behalf.
There will be multiple options like crowdfunding, finding angel investors, self-finance your business, get business loans from government banks and NBFCs.
