Social Lending

Social Lending Blunders During the Holidays – And How to Fix Them Fast

The holiday season is upon us, and there are a lot of different social lending projects that have been fighting for attention. This is a season where everyone is assuming that just about anyone and everyone wants to hear from them. Unfortunately, this is a mistake that can really cheat you out of getting the type of results that you would normally expect. You can’t assume that people are in a contributing mood just because of the holidays. These days, with a cooling economy around us, people are thinking more and more about where their money goes. They might shop a little, but everyone is working on a different budget.

This is a good reason why you have to look through your social lending proposals carefully. You don’t want to find yourself being unable to get things done just because you’re not quite sure how to connect everything together. If necessary, get a veteran of the social lending platform to look over your proposal. You want to ensure that everyone is clear on what you’re looking for in terms of project goals, and what you intend to do with the money. If you have a plan to pay off debt, you want to be completely detailed on how you’re going to get there.

Social Lending BlundersIf you’re on a platform that’s all about business, then it comes as no surprise that you’re going to have to battle harder. There are a lot of people that ultimately dream of starting a new business after the holidays are over, which means that they have a lot of things on their to-do list. If you’re reviewing getting funding yourself, looking at successful listings is the best way to go.

Again, don’t get discouraged just because your first project didn’t get funded. Take all feedback seriously and build a new proposal. You can usually upload as many attempts as you need to before your project gets done.

Don’t just hope and pray that someone finds your proposal via the search engine on the site. You want to actually make sure that you’re looking carefully at spreading the word through other means. You can use other people’s mailing lists, get on internet radio shows, or otherwise reach out to anyone and everyone that is passionate about the same thing that you’re passionate about.

Sometimes including video helps, because everyone can get a visual feel of what matters to you. Far too often people decide to withhold the passion side of things, and that holds them back.

You have to think about how you’re perceived while still being positive about your results. There’s never any guarantee in the world of social lending, but as long as you really put some thought into your listing there’s no reason why you can’t get more than a small handful of people checking out what you want funding for. Good luck!