Name: GO FUND MEgofundme
Website: www.gofundme.com
Price: 5% of each donation
Owners: Brad Damphousse and Andrew Ballester
Overall Rank: 20 out of 100

GO FUND ME, Product Overview

Go Fund Me is a crowd funding site. On this site you describe what you want to raise money for. A picture or video is requested for this site. You need to describe your situation, your kid’s situation, or any other situation that you want to raise money for. In a description on the internet it says that it allows users to create their own website to describe what they are raising money for.  However, it is a very small website consisting of only 1 page. gofundme

It has a slogan of “get money get going”. This is from the Wikipedia website.

The Good & the Bad

The Good:

PRO #1 – You get to describe in detail what you need to raise money for.
PRO #2 – You can post it onto Facebook, Twitter, Tsu, or any other social site.
PRO #3 – People can donate as little or as much as you want to donate to the cause.
PRO #4 – It is not incentive-based. gofundme

The Bad:

CON #1 – You need a good source of people who are willing to donate money to your cause.
CON #2 – It takes time to get money for your cause. GoFundMe
CON #3 – It takes time to get good at raising money from GoFundMe
CON #4 – Can become annoying.
CON #5 – If most people you know are just as poor as you or don’t have money to spare you could be waiting a long time if ever to get the money you need.

Who is GO FUND ME For?

Go Fund Me is for anyone asking for donations for either themselves or another person.

Go Fund Me is good for those who have an immediate need to get money such as emergencies, health care issues, projects, or any other social need. Medical bills, a child’s cancer, or education for a student in college or private school are also some good causes that are supported on Go Fund Me. These are just some of the reasons that people use the Go Fund Me crowdfunding campaign. This is not a good site for the business person. crowdfunding

GO FUND ME Tools & Training

The only training on this site is the statements telling you how to make a Go fund me campaign. There is a video under the help section that shows you how to start a campaign. Not really much training. Then again not much help is really needed. The tools are just the outline for your campaign.

GO FUND ME Support

The community consists of people going to the site to give or get money from other people. Not unlike begging online.


The cost is 5% of all donations given to the cause.

My Final Opinion of GO FUND ME

My opinion is that Go Fund Me could be a good way to get money for college, however, there are many other more reliable sources for college money. Yes, some people have gotten funded with Go Fund Me, but many do not. There are a lot better ways of making money. Unless you had a really compelling story or a good reason for having a GoFundMe account, I would go to a place like Wealthy Affiliate and build a website or some other of the places found on this site.

GO FUND ME at a Glance…

Name: Go Fund Me
Website: www.gofundme.com
Owners: Brad Damphousse and Andrew Ballester
Price: 5% of all donations
Overall Scam Rank: 20 out of 100


This is a legitimate site. However, it is not very profitable. It is a short term type of thing. Not to be used often. If you use it too much it a person could be thinking that you are crying wolf. This is just a site that should be used very rarely.

Your Opinion

What about you? Have you used Go Fund Me for any of your projects?





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