If you’ve got a great research idea but no idea how to fund it, here’s your chance to learn. First, learn that you’re not the only one struggling to get money. Many intellectual students are looking for grants and other available funds to support their research.
Second, start thinking outside the box. That’s right, avoiding brainstorming won’t help you. You’ve got to be open-minded and well-read for funds to start coming your way. Plus, you’ve got to be willing to sacrifice time.
Third, start your crowdfunding campaign right after you finish reading this article. Most brilliant students never make it – not because they lack determination or skills, but because they don’t start the process. They get so caught up in learning how to do everything that they forget to actually do it. If you don’t act on it, you’ll lose it.
Here are the most important steps to design a successful crowdfunding campaign. Read them carefully and don’t forget to apply them.
Step 1. Tell a good story
Sharing your story is not enough. Your story could be pretty or authentic, but sharing it is never enough. You’ve got to write a great story to have people support you. Since we live in a world full of information, we protect ourselves from being overwhelmed by it. This means that we listen less or simply disregard information that doesn’t stick out. If you don’t tell a good, catchy, emotional story, people will disregard your activity. Your research idea must touch them – and must clearly explain the impact it’s going to have on the world.
Step 2. Offer rewards for donating
People like rewards. They like doing something for a prize or acclaim. Make a list of rewards you would be able to offer them and stick to it. This could be anything from stickers to t-shirts or mugs. Make sure you stick to your promise if the reward is not immediately granted after their donation. Contact them later and let them know how they can get ahold of it once your campaign is finished.
Step 3. Set a goal and stick to it
You’ve got to choose a funding goal for your research. Do the math before asking for money and make sure you choose a reliable platform. For example, Kickstart has quite an odd policy. If you do not meet your funding goal, you get to keep nothing. If you meet it and get some more, you get to keep everything. Map out a financial plan, find out how much money you need, and go for it.
Step 4. Promote, promote, promote
It’s time to start promoting your campaign. Let’s recap what you need for that:
- A great story. If you need help writing it, check out to learn the way to crowdfund. Writers here are extremely skillful and have helped hundreds of students get funding for their ideas. They got the recipe to fund science and other similar STEM-related projects. These initial investments are worth it, trust me. They will help you raise more money than you imagined. If you want to write it by yourself, start researching how to. Then set aside 2-3 hours per day for writing your story. Do it!
- A funding goal. You must decide on how much money you need right now. Then, post your story and start raising money.
- Social media presence. This is new! You’ve got to be quite popular on social media for your idea to get funded. If you’re not popular yet, you could always hire a social media marketing agent to help you get there.
- An elevator pitch. Make sure your speech is concise yet effective. Once you’ve got it memorized and know exactly what to do — it’s time to actually pitch it. Remember! Action is everything.
Step 5. Update your followers and donors
After your campaign is over, don’t forget to update your donors. They want to learn about your progress and are excited to see you succeed. Send them updates whenever you’ve reached a new point in your career, or whenever you discover something new. Even the little things count.
Top Research Grants in the US
If you’re lucky and well-prepared, you might even get one of these grants. Check them out and read everything carefully. Then pick your winner and start prepping the documents. Write an effective proposal and get the party started! Have fun (and of course, good luck)!
Free Grant Applications
- The National Science Foundation
- Newton’s List
- The Terra Via Grants Directory
- The National Institutes of Health – Office of Extramural Research
- The Spencer Foundation
Paid Grant Applications
- The Foundation Center
Don’t forget to fulfill your promise once the campaign is over. If you were going to change the world, you must do it. If you were going to make a discovery worth promoting, give out your best to try and achieve that. Good luck!