Understanding The Buy/Sell With Funding Goal System

Buy/Sell With Funding Goal System

Buy/Sell with Funding Goal
Explore Funding Goal
Raising Funds For Funding Goal
Buy With Funding Goal

AwakeHill's social network is designed to support members of the body of Christ in discovering opportunities for career growth, business initiatives, skill monetization, Financial Stability and related pursuits, while also offering faith-enhancing content to help harmonize their faith with their professional lives.

How does it work?

1. Buy/Sell with Funding Goal

The Funding Goal concept is an innovative idea aimed at helping individuals secure funding for various causes through a practice we call Mutual Trade. This concept is inspired by an age-old Jewish tradition in which members of the community engaged in buying and selling from each other to support each other's growth and benefiting from their shared faith, which makes it easier to address conflicts. This principle is illustrated in Leviticus 25:12.

1. Explore Funding Goal

This approach differs significantly from the typical funding request system, where you share a cause and receive donations until your funding goal is met. In the Funding Goal system, youll need to browse through various items offered by Funding Goal suppliers or sellers and identify something you wish to purchase by raising funds for it. Typically, these items can include physical products, digital products, services, eLearning courses, ideas, or anything that can assist you in starting a business, achieving financial stability, or enhancing your career.

Use case scenario

Imagine you want to start a retail business using your own brand of herbal tea. To get started, you'll need to purchase a substantial quantity, such as 500 packs of immune-boosting tea, which may cost around $3 per pack, totaling $1,500 for all 500 packs. You would begin by exploring the herbal tea category of the market to find your Immune Boosting Tea. Once located, you can choose to either place a bulk order with the "Buy Now" option for immediate purchasing or go for the "Buy with Funding Goal" option. By selecting "Buy with Funding Goal," you would activate this product as a cause to generate funding, allowing you to raise the necessary $1,500 for the 500 packs. This funding method enables you to raise fund through multiple options to purchase any products listed by sellers that support the funding goal feature at AwakeHill.

2. Raising Funds For My Funding Goal

Once you have activated your funding goal, the next step is to navigate the process of raising the necessary funds. To begin, you'll need to have an active AwakeHill subscription package. You can access the subscription package page by Clicking Here. Your selected package will determines the features and benefits available to you through the Funding Goal system and AwakeHill as a whole. There are two methods for raising funds for your funding goal;

Participate in Mutual Trade: This system is designed within the marketplace where you purchase items from other members, while they also buy your items. These items fall into several categories: Physical Products, Digital Products, Services, E-Learning Courses, Ideas, and Buy for Needy Items. Typically, you would need to invest significant effort in marketing to attract customers to your listings. However, with the Mutual Trade System, you dont have to actively find customers; the system will recommend your products to buyers when you purchase items from other members that have been suggested by the system.

To enhance the rewards, for every dollar you spend buying other members' items, the system recommends your products for purchase up to more than the amount you spent. The additional amount is based on your AwakeHill Package subscription level, ranging from 50% to 200% more. For instance, if you are subscribed to the Ultima Package, you will receive an additional 150% in orders. This means that if you spend $100, you will receive orders worth that $100 plus an extra $150 in orders, resulting in a total of $250 in orders for just your $100 investment in buying other members' items.

To help you reach the target amount specified during the activation of your funding goal, 20% of the total sales generated from your mutual trade will be set aside in your Funding Goal Balance on the wallet page.

Receive Direct Donations: Donations offer a different way to achieve your funding goal. Once your goal is set up, it will be visible to all AwakeHill members, who can support your cause by clicking the Donate button, entering their desired contribution amount, and submitting their donation. You can later view all contributions in your Funding Goal Balance on the wallet page.

3. Buy With Funding Goal

With the funds raised in your Funding Goal wallet balance, you can place an order for the Funding Goal you initially activated and collaborate with your supplier or seller to arrange the delivery of your Funding Goal Item. Often, you may need to raise more than the actual amount required, as this can account for miscellaneous expenses during the delivery process. If you are ordering a customized physical product, you might want to request additional services from your supplier that were not included in the original quote; in this case, your extra funds can be used to cover these costs.