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Do You Feel Lucky? Everything You Need to Know About Crowdfunding for Business

Crowdfunding for business startup is just one of many options.  For some, crowdfunding is a foreign concept. In contrast, others know just what is happening.  If you are looking to start a business with minimal debt, crowdfunding could be the answer. If you’re lucky. 

Is Crowdfunding for Business Startup the Best Option or Is it the Luck of the Draw?

Still, it may not be the answer at all.  First, it isn’t cost free, though it does have minimal costs compared to some other options.  Truly, the main costs associated with crowdfunding for business are related to marketing your campaign in order to attract investors.  Yet, other costs include any fees charged by the crowdfunding platform. 

If you are lucky enough to meet your goal, you are golden.  Just imagine, all you have to do is live up to your campaign promises and you have no debt related to those funds.  However, if you do not meet your funding needs on the campaign alone, you are out those marketing costs and you still have to find additional funds. It’s a fine line to balance.

Crowdfunding for Business Credit Suite

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What is Crowdfunding?

The truth is, with crowdfunding for business, there is no need to limit yourself to just one or two large investors.  You can find a lot of investors to fund your business a few bucks at the time. In fact, some even kick in as little as $5.

Crowdfunding is a good starting point for a new business.  Still, it shouldn’t be relied upon completely.  Truly, you need a backup plan.  Unfortunately, only a small percentage of crowdfunding campaigns are successful.  Furthermore, consider how the economy is doing before you rely too heavily on crowdfunding.  If the economy isn’t strong, people will not be as likely to invest. 

Crowdfunding Platforms

There are many crowdfunding platforms, but they aren’t all exactly the same.  You have to check them each out and figure out which one will work best for your business.  We’ll start with the two most popular options. 

Kickckstarter

They are the largest crowdfunding for business platform. With over 14 million backers, they boast over 130,000 funded projects. These include products and services related to: 

  • Publishing
  • The arts and film
  • Comics and illustration
  • Design and tech

With Kickstarter, you must have a prototype. In addition, projects cannot be for charity.  However, nonprofits can use Kickstarter.  Also, you are not allowed to offer equity in a company as a perk. 

Other banned projects and perks include anything to do with:

  • Contests and raffles
  • Cures and medicines
  • Credit services
  • Live animals
  • Alcohol
  • Weapons

Creators collect a 5% fee on all funds.  They also use a payment processor, Stripe, that applies payment processing fees (roughly 3-5%). Unsuccessful campaigns do not pay a fee. There are also fees of 3% + $0.20 per pledge. Pledges under $10 have to pay a discounted micro pledge fee of 5% + $0.05 per pledge.

Indiegogo

Indiegogo has over 9 million investors. The minimum goal they allow campaigns is $500. They charge 5% platform fees and 3% + 30¢ third-party credit card fees. It is important to note that fees are deducted from the amount raised, not the goal. As a result, if you raise more than your goal, you will pay more in fees. PayPal is not accepted.

Indiegogo is noteworthy because they offer flexible financing in addition to fixed financing options. So, if you do not make your goal and you chose flexible funding, you can at least hold onto what you collected. This is the opposite of how crowdfunding normally works.

You cannot change your fundraising structure from fixed to flexible, or vice versa, once the campaign starts. They recommend fixed funding if you need a minimum amount for your project. Indiegogo recommends regular communications to donors if you choose fixed funding.

RocketHub

RocketHub is better suited for those who need venture capital. They give you an ELEQUITY Funding Room. There, you can pitch your idea and see if it stimulates any interest from donors.

This platform is specifically for business owners working on projects related to: 

  • Art
  • Business
  • Science
  • Social

If you achieve your fundraising goal, you will pay a fee of 4%. In addition, you’ll pay a 4% credit card handling fee. But if you do not reach your goal, then that fee jumps up to 8% plus the credit card handling fee. That means RocketHub is best for companies that

 are more confident they will make their goals.

Crowdfunding for Business Credit Suite

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CircleUp

CircleUp aims to help emerging brands and companies raise capital for growth projects. However, companies must apply and show revenue of at least $1 million to get a listing on the site. That said, the platform will sometimes make exceptions.

CircleUp can be good for those who already have a somewhat established business. That includes business owners who want both funding and guidance in order to take their businesses to the next level.

If your business gets approval for listing on CircleUp, the fee percentage comes from the total amount you raise. 

GoGetFunding

GoGetFunding has been around since 2011. They let fundraisers keep the money they raise, regardless of whether they meet their target. If your business idea is unproven and you are unsure of whether you can meet your funding needs with a crowdfunding for business campaign, flexible funding can be a great option. 

They charge a 6.9% fee. This is pretty high, but it includes both the platform fee and the payment processing fee. Therefore, it is actually more cost-effective than many other crowdfunding for business options.

Crowdfunder

With Crowdfunder, investors purchase equity in promising companies. They consider campaigns to be deals, and its donors are investors. Basic listings are $449/month. Self-start listings are $499/month. Self-start plus is $999/month.  In their community, there are over 15,000 investors and 200,000 startups.

Fundable

This is a crowdfunding for business platform that allows companies raise funds from investors, customers, and friends. They have over $80 million in funding commitments.

Fundable does allow equity campaigns. Also, they charge $179 per month to raise funds. Fees on rewards are: 3.5% + 30¢ per transaction. They do not charge success fees.

Fundly

Fundly allows for crowdfunding for creative ventures. If your business has a creative lean, this might work for you.

There is no minimum amount to fundraise or to keep money you raise. You can usually withdraw payments within 24 – 48 hours of the donation. In addition, they offer automatic transfers. It is free to create and share an online fundraising campaign. 

Yet, Fundly will deduct a 4.9% fee from each donation you get. A credit card processing fee of 3% is also taken out from each donation. Also, there are nonspecific automatic discounts for larger campaigns.

Successful Crowdfunding Campaigns

A lot of times crowdfunding for business is not successful.  There are some campaigns that find their proverbial gold at the end of the rainbow however.  Consider these examples. 

Pebble SmartWatch 

They actually have more than one of the top 10 campaigns ever on Kickstarter. Their 2nd campaign is one of the highest funded ever.  It hit over $20,000,000. That’s not too bad considering their goal of only $500,000. 

They eventually sold to FitBit. 

FlowHive 

The FlowHive Indiegogo campaign caused quite a buzz. The idea was to find a way to get the honey from bees without causing the bees harm. 

Traditionally, they just break open the hives to get honey. However, this process can kill the bees. FlowHive developed a fake hive.  It is made from reusable plastic. Bees make honey in it, and the honey flows out through a spout. The bees are safe and fresh honey is readily available.

It seems beekeeping is growing in interest. This campaign raised $14,000,000. Though they won’t let on as to what the exact numbers are, those in charge say they are still turning a profit. 

Crowdfunding for Business Credit Suite

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CoolestCooler 

The coolest cooler was a super cool Kickstarter campaign that brought in over $13,000,000. The cooler had bluetooth and a blender among other things. Investors got one  for their donation toward the cause. 

This campaign did run into some trouble when it wasn’t able to deliver rewards as quickly as promised.  There was actually a lawsuit. In the end, everything worked out and everyone got what they were promised. 

The CoolestCooler group says they are glad to put that behind them and get back to work. You can still buy one today. 

Kingdom Death Monster 1.5 

A lot of people jumped in on this one, to the tune of $12,000,000 on Kickstarter for this surprisingly popular board game. It did take a while to get going, but investors finally got their copy. After production was over, resale values skyrocketed upwards of $1,000 per game. A later campaign promising updated material did just as well. 

BauBox Travel Jacket 

This jacket boasts 10 different design elements, like a drink holder and a neck pillow. They raised over $11,000,000 across 2 campaigns. While it had a rough start, including the jacket being available on retail sites before investors even got theirs, it is still selling today.

How to Launch a Successful Crowdfunding for Business Campaign

There is no such thing as guaranteed success.  Luck truly has an awful lot to do with it. In lieu of catching a leprechaun however, these steps can help make sure you give yourself the best chance possible when it comes to crowdfunding for business. 

Do the Research 

You have to know your market and what demand looks like.  The only way to find that out is to research. Figure out how much money you actually need before you set your goal. Lots of business owners have started crowdfunding campaigns only to find the demand isn’t there or their goal fell short of the actual need.

Create a Prototype

For products, you need to have a sample to show investors. This is important. People are much more likely to let go of money if they can see something tangible. This is so vital that Kickstarter actually mandates that you to have a prototype to show potential investors

Consider Your Platform

Once you know who your target audience is, you can determine if you would be best served by Kickstarter, Indiegogo, or another successful platform that is not as well known. If your audience doesn’t use the platform you are on, it won’t matter how great your idea or product is. They’ll never see it.

Give Awesome Incentives

This is huge.  Be sure you can deliver on your promises.  Yet, don’t give away the company. Still, if someone one is going to help you get started, they deserve something amazing.  Offer more than a thank you note. Be bold with what you offer as a reward for their support, without harming your success.

Set a Goal

Setting attainable goals is necessary to success. Make certain you look at the numbers in relation to actual facts before you set a fundraising goal. Be certain you have production facilities on the line that can meet the timeline goals. Do not randomly set goals with no clue what it will take to reach them.

It’s All in the Marketing

You can’t just willy nilly throw a campaign together. If you create a video, it needs to be professionally edited. Any social media should be specifically targeted toward your audience. If they are a cheesy, audience, then that is how your social media and videos need to be.  A more sophisticated audience will need a different feel. 

Be Realistic About Crowdfunding for Business

Keep in mind, when it comes to crowdfunding,  you need a backup plan. Don’t count on rainbows and leprechauns.  Honestly, there are far more unsuccessful campaigns than there are successful ones.  In fact, competition is fierce. It’s definitely worth trying, but remember that you are likely going to need other types of funding as well. 

Finally, you need to work on building fundability.  That is the ability of your business to get funding.  Everything from traditional business loans to business credit cards and lines of credit require a business to be fundable for approval.  Furthermore, part of being fundable is having great business credit, which also requires a specific process to build.  Do not neglect fundability and business credit while your crowdfunding campaign is running.  Those funds will only last so long, if you even get enough to get started.

The post Do You Feel Lucky? Everything You Need to Know About Crowdfunding for Business appeared first on Credit Suite.

Home Loan Borrowing Tip – Length of Loan

Home Mortgage Borrowing Tip – Length of Loan

When obtaining cash for a home mortgage, buyers are mostly interested in just certifying. Still, taking note of the size of the lending is a loaning pointer that can conserve you a lots of cash.

House Loans

In the home loan market, the size of your lending made use of to be the only significant problem you had to deal with. Of training course, the substantial boost in financing choices has actually unavoidably led to substantial complication.

Loaning Tip

Despite the kind of financing you select, you need to constantly attempt to maintain your car loan term as brief as feasible. The much shorter the funding duration, the much less you will certainly pay in passion. Below an instance making use of 15 and also 30 year fundings.

Think our very first buyer obtains a $100,000 financing at 8 percent passion. He size of the finance is 30 years with a regular monthly settlement of $733.76. For this home loan, our property buyer is mosting likely to pay $164,155.25 in rate of interest over the life of the financing.

Currently, take the exact same situation, yet decrease the term of the lending to 15 years. Over the size of the funding, our buyer is going to pay $90,000 much less in passion settlements over the life of the lending.

When obtaining cash for a house acquisition, you need to thoroughly spending plan your funds. If you can manage enhanced month-to-month repayments, nonetheless, a much shorter lending size is mosting likely to conserve you a great deal of cash with time.

In the home mortgage market, the size of your financing made use of to be the only significant concern you had to deal with. No matter of the kind of finance you go with, you need to constantly attempt to maintain your funding term as brief as feasible. He size of the financing is 30 years with a month-to-month repayment of $733.76. Over the size of the car loan, our property buyer is going to pay $90,000 much less in rate of interest settlements over the life of the lending.

The post Home Loan Borrowing Tip – Length of Loan appeared first on ROI Credit Builders.

Volta Labs (YC W19) Is Hiring a Senior Electrical Engineer

Volta Labs builds automation for the genomics sequencing industry on a programmable chip (a microprocessor for biology). Genomics based applications are growing faster than Moore’s law and we’re building the tools to support and enable that scaling. Volta is propelling further adoption of sequencing technologies by building an end-to-end automation system on a programmable integrated circuit. The integrated circuit can move, mix, heat and inspect tiny water droplets containing biological samples with electricity.

We are an early stage company spun off from the MIT Media Lab and founded with genomics expert George Church. We were incubated at the MIT Engine and we just came out of Y Combinator.

THE OPPORTUNITY

You have the opportunity to join a fast growing startup at a very early stage. You will help grow our company and shape what we do. You will lead the development of the electrical systems. This will involve: collaborating with other engineers and scientists to develop the core technology, architecting and implementing the electrical system for our MVP, and identifying opportunities and potential roadblocks along the way.

REQUIRED SKILLS
– M. S. or B. S. in Electrical Engineering, Computer Engineering, Applied Physics or a related field with 4+ years of relevant experience in an industry / research position. If you are exceptional, we can skip this requirement.
– Strong systems level thinking in designing complex electrical systems.
– Experience with designing mixed signal circuits, high voltage systems, power electronics.
– Experience developing systems with digital logic and embedded processors (ARM, AVR, Raspberry Pi).
– Design, layout and fabrication of printed circuit boards using Altium Designer, KiCad, Eagle or similar tool.
– Programming in one more languages C, C++, Python.
– Ability to work in a fast based start-up work environment with ability to adjust workload based upon changing priorities.
– Outstanding verbal and written communication skills to clearly articulate ideas and concepts with biologists, engineers and non-scientists.
– Excellent organization and task planning skills and capability for multi-tasking.
– Self-starter who requires minimal supervision.

NICE TO HAVE
– Strong knowledge of electromagnetism and draw toward solving physics problems.
– Experience with CAD systems such as Fusion 360, Solidworks and COMSOL (physics simulation).
– Experience in developing life sciences tools, medical instruments and laboratory hardware or similar hard technologies.

Contact: hello@voltalabs.co

Apply here: https://jobs.lever.co/voltalabs/09acd440-cf38-4cc3-a2e8-c12e…

Comments URL: https://news.ycombinator.com/item?id=22612507

Points: 1

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What The Coronavirus (COVID-19) Means For Marketers

By now you have heard about the Coronavirus. The sad reality is that it is spreading quickly and will continue to spread for a while. Did you know that we are getting roughly 15,000 new cases a day and it’s growing fast? No one really knows how many people will be infected (or will pass …

What The Coronavirus (COVID-19) Means For Marketers

By now you have heard about the Coronavirus.

The sad reality is that it is spreading quickly and will continue to spread for a while.

Did you know that we are getting roughly 13,000 new cases a day and it’s growing fast?

No one really knows how many people will be infected (or will pass away sadly), but it has caused the global stock markets to crash, which means as a business (or even a marketer), you will be affected.

And because my ad agency works with hundreds of companies in all the major sectors and we have 7 offices around the world, we are already starting to see how it is impacting marketing (I’ll share the data below).

So what does this mean for you?

Well, before I go into that, let me be clear on what marketers should NOT do.

Don’t exploit the situation

The first thing we are seeing is people trying to exploit fear.

What I mean by this is supplies are running low around the world. From masks and toilet paper to hand sanitizer and other basic necessities… I am seeing marketers buying them and then reselling them on eBay or running ads and selling them for 10-50x the price.

This isn’t entrepreneurship and this isn’t marketing. I highly recommend that you avoid exploiting the Coronavirus situation to make a quick buck.

Not only is it wrong but it is also very short-sighted. Sure you may be able to make a quick buck, but it won’t last… you are better off spending your time on anything that is long term.

So now that we got that out of the way, what does the Coronavirus mean for marketers?

Businesses are going to struggle for a while

Even if the virus slows down fast as the numbers have dropped in China, businesses are going to struggle for well over a year because they will have to make up for their losses.

For example, in China the virus caused retail sales to drop by 20.5% and the unemployment rate jumped to 6.2 in February.

When companies like Apple shut down their stores to help reduce the spread, it means less income and less profit. Sure they are able to pay their employees during their temporary shutdown, but not all companies have their bank balance and most won’t be able to do the same.

Just look at the travel industry. The virus is expected to lose them 820 billion dollars. Virgin Atlantic just asked their staff to take an 8-week unpaid leave.

The ports are also empty and the first rounds of layoffs have already started.

It’s estimated that in total COVID-19 will cost the global economy $2.7 trillion.

And not only are people losing money but they are losing traffic and conversions.

Organic traffic is down in most industries

As I mentioned above, we work with hundreds of clients in different industries through my agency. On top of that, we also have tons of data because of Ubersuggest.

Before I dive into the data, note that we didn’t focus on any one single country, we decide to look at the traffic stats from a global perspective. We also didn’t include data from sites with less than 5000 visitors a month as they tend to have drastic swings from a percentage perspective even when there are no global issues or algorithm updates.

We also don’t have data on every single industry, for example, we don’t really work with many restaurants nor do we purchase data for that category as local restaurants usually don’t have the biggest marketing budgets. We have data on most of the major ones, but again not all.

Now, from an SEO standpoint, last week we saw huge drops in organic traffic for most industries we are tracking. Just look at the chart below (compares last week to the previous week).

If you are in the news industry or financial space, your traffic skyrocketed. 

And if you are in the travel industry, you saw massive drops in traffic.

You can’t tell by the chart, but e-commerce was a mixed bag, depending on what sites sold, traffic was either up or down. For example, if you were selling baby products like diapers or wipes then you saw a nice bump in traffic.

But if you were selling luxury goods like big-screen televisions you saw a drop in traffic.

Conversions were also down for most industries

From a conversion rate standpoint, we saw drops in most industries as well. Even the financial sector, which had big traffic booms in traffic, dropped in conversions.

Just look at the chart below (comparing last week to the previous week):

As for news (media) sites, they had a big conversion lift as many of them charge for people to read their updated information.

For example, you can only read a certain amount of content from the Washington Post for free until you see a message that looks like this:

People didn’t want to miss out on Coronavirus, political and financial information with the turmoil, hence news sites saw a nice lift.

And with some sectors like travel, they are currently offering massive discounts, which is helping counteract some of their traffic declines. Overall, they are still seeing a massive revenue hit.

Pay-per-click data

We don’t have as much pay-per-click data as we do for SEO as Ubersuggest is mainly used for SEO purposes, but we haven’t seen big shifts in cost per click… even for things like the travel industry.

We don’t have a big enough sample size, but as I mentioned, costs haven’t come down much.

For example, even though we saw big dips in the number of people searching for things like flights or hotels, we didn’t see a drastic drop in CPC but we did see a big increase in cost per acquisition.

In other words, you can still roughly pay the same amount per click, but the cost per conversion has been going up for most industries… unless you are selling necessities like toilet paper.

So what does this mean for marketers?

Be fearful when others are greedy, and greedy when others are fearful

I didn’t come up with that saying, it’s actually a line from Warren Buffett.

You will see people cutting back because the economy is predicted to get hit by 2.7 trillion dollars and experts are saying that we are going to go into a recession.

You even have billionaire investors like Carl Ichan saying that the market has more room to go down and we should expect the sell-off has longer to go.

But what I’ve learned from going through two crashes (the dotcom crash in 2000 and the real estate crash in 2008) is that the best time to double down is when others are not.

During an economic downturn, you’ll find that you will have less competition, which means it is easier and faster to get results, and in some cases, you’ll be able to get deals, such as a potential reduction in pay-per-click advertising.

Just think of it this way: out of all the publicly traded companies in the United States, if the market keeps going down, many of them will struggle to pay off their debt, which has exploded to $75 trillion.

This means some companies will either go bankrupt, get bought out, or get bailed out by the government. Some may be able to cut costs enough to pay their bills, but for most, it will be too late.

Again, this just means less competition for you.

If you are lucky enough to be sitting on some cash during the recession this is the best time to buy out other companies. The ideal ones to buy are media companies.

The more eyeballs you control, the more power you will hold in the future. Plus, by controlling eyeballs, it gives you the ability to sell anything you want in the future.

It’s the reason I bought the KISSmetrics website for $500,000 a couple years ago. During their peak, they had 1,260,681 million unique visitors a month.

That’s a lot of traffic.

When I bought the site out, I was out a good amount of money for me, but the moment I merged it into the NeilPatel.com site, I increased my lead count by 19% and recuperated my investment in less than a year.

In other words, this is your opportunity to strike and gain market share.

So when you see your competitors closing down or slowing down on their marketing, the goal is to double down. You may not see the biggest return right away, but in the long term, you will.

Every time the market goes down by 20% or more it roughly takes 536 days to recover.

As we recover, you’ll see your revenue climb and the ROI from your marketing spend go through the roof.

Conclusion

Hopefully, the Coronavirus passes soon and it has minimal impact on lives. For the time being, try not to socialize with others too much or go into crowded places.

You should read this article by the Washington Post as it breaks down great simulations of how the Coronavirus will spread and what we can do to reduce the impact on the world.

And as for your marketing, this is the time for you to double down. Don’t be fearful when others are also afraid. Do what Warren Buffett does… be greedy when other people are fearful.

In other words, double down. 

How have you seen the Coronavirus affect your traffic?

PS: Please be safe and, if possible, stay indoors.

PPS: To help out a bit, I’ve opened up the keyword ideas report on Ubersuggest as well as historical keyword data. I know many of you may be facing financial difficulty, so hopefully having the data helps you save a bit of money on marketing.

The post What The Coronavirus (COVID-19) Means For Marketers appeared first on Neil Patel.

Trump and the Stock Market

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Cent Stock Strategies

Cent Stock Strategies Why should the abundant men have all the enjoyable? If they recognize exactly how, the little financier can look for out big returns also …. Technical evaluation that utilizes data for projecting rate changes is one technique. Since it is challenging to track adjustments in portions of a cent, there just isn’t …

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New comment by snilsmitchell in "Ask HN: Freelancer? Seeking freelancer? (March 2020)"

SEEKING WORK – Remote (based in Barcelona)
UI/UX Designer, 7 years’ experience, 45+ successful projects completed, clients in 15 countries

Portfolio: sebas.design

I design digital products for web, mobile, and tablet. Worked on projects for Nokia, the United Nations, Conservation International, and Silicon Valley startups. 1 work product acquired by National Geographic.

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Freelance and contract, up to 40 hours/week.

Service Credit Report Cards – Little and also business Service Credit report Cards Contrasted

Service Credit Cards – Small and also company Business Credit Cards Compared When it comes to company credit report cards, the biggest percent of the market is little service proprietors. Credit scores card business have actually established company credit report cards with the little company in mind, however there are some distinctions in between service … Continue reading Service Credit Report Cards – Little and also business Service Credit report Cards Contrasted

Prevent The Problem Of Student Loan Bankruptcy

Prevent The Problem Of Student Loan Bankruptcy

University is intended to be an amazing time for young people, however is can likewise be an extremely difficult time as well for lots of factors. Obviously there are social and also scholastic stress, yet a vital part of going to university is having the ability to spend for it, therefore university student typically deal with the trouble of pupil finance insolvency.

Regarding Student Loan Bankruptcy

While lots of young people attempt to obtain university scholarships to decrease the possibilities of pupil financing personal bankruptcy, the fact is that scholarships frequently just cover a tiny portion of the expenses. The prices not just consist of the programs, however likewise living expenditures, whether they survive or off university. This is, certainly, unless it is a full-tuition scholarship.

Trainee finance insolvency is coming to be a lot more usual, since even more and also even more individuals are attempting to obtain right into discerning, pricey colleges. Their thinking is that if they get involved in these pricey universities, they will certainly have the ability to obtain even more respected tasks, and also therefore have the ability to repay their fundings.

This may function well for those that are entering into prominent occupation areas, however the fact is that can never ever be also particular, and also because of this trainee funding insolvency takes place. Young grownups can prevent pupil finance personal bankruptcy in a selection of means.

Of all, moms and dads ought to begin an university fund for their kids from an extremely young age. Including simply a bit of cash weekly or month can truly accumulate as well as reduced prices. When the kid comes of age to start functioning, while cash can go in the direction of getting points it can additionally be conserved in the direction of university.

If the individual that took the funding out in the initial location did not extensively review all of the terms behind that lending, trainee car loan insolvency can additionally take place. If they were incapable to pay the finance repayments on the needed basis, it can additionally happen.

Hence, the ideal method to prevent trainee funding personal bankruptcy is to pick an university that is a lot more within reach budget-wise. If an individual actually desires to go to an university, an additional alternative is to participate in just as a part-time trainee, as that will certainly reduce prices substantially.

While several young grownups attempt to obtain university scholarships to reduce the opportunities of pupil funding personal bankruptcy, the truth is that scholarships commonly just cover a tiny portion of the prices. When the kid comes of age to start functioning, while cash can go in the direction of getting points it can likewise be conserved in the direction of university.

Therefore, the ideal means to prevent pupil finance personal bankruptcy is to pick an university that is extra within reach budget-wise. If an individual truly desires to participate in an university, an additional alternative is to participate in just as a part-time trainee, as that will certainly reduce expenses substantially.

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