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Crowdfunding Program

Crowfunding Program Contract

ARE YOU LOOKING FOR EXTRA
MONEY TO STUDY IN THE U.S.?

We have shared this private page with you because we think you could be a good fit for what this program requires and offers. Why? We consider you a high profile student and we think it’s worth our time to try to get you additional external scholarships! What does this mean and how do we do it? Keep reading:

1) What is this program’s purpose?

The purpose of this program is to create an online crowdfunding campaign on your behalf to obtain additional funds to finance your studies in the U.S. There are different existing crowdfunding platforms which have a global audience willing to help students with a strong academic background and high ambitions to change the world. With our help, you can increase your chances to be successful with those campaigns and make your education in the U.S. more affordable.

2) What is online crowdfunding and which students are intended to participate in this program?

Online crowdfunding is a method of raising capital online (there are many online platforms out there that facilitate this; Kickstarter, Indiegogo, and Gofund.me are just three examples) through the collective efforts of a community (e.g. existing community in that platform, family, friends, student’s network, Epro 360 community, etc.).

This program is open to anyone that is in the process to apply, has obtained admission, or is currently enrolled in a U.S. institution, regardless of being a current or former Epro 360 student. Epro 360 is very selective in choosing which students can participate in the Epro 360’s Crowdfunding Program. Besides above-average qualifications (e.g. excellent GPA, high TOEFL score, etc.), it is important that the student has outstanding communication skills, a big goal in life, and is mature and responsible enough to work on additional requirements needed to be eligible for this program and to maximize the chances of getting extra funding.

3) Why would somebody contribute to my online crowdfunding campaign?

This is a very typical question so let us answer this by classifying the type of audience that your campaign will be reaching:

1) First, your friends, family, and network (social, sports, etc.). They know you or may know somebody that knows you. They know your potential and how you want to use your studies in the U.S. to improve yourself and fight for your cause and ideally make an impact in this world. We assume most of them love you and/or like you so they could contribute even if you offered them nothing in return. 

2) Second, the community that is already participating in the online platform chosen to run your crowdfunding campaign. The platform/s used will already have millions of users. Those users have previously subscribed to specific topics and they are always willing to help for a good cause, and ideally if there is something in return that you can give them. Let’s say for example that the platform Kickstarter has 400,000 users that are subscribed to campaigns related to medicine. Let’s assume that you happen to want to study medicine to rid the world from cancer. You could offer your contributors access to your personal blog where you would post monthly updates about your progress in the U.S. We bet a lot of those 400,000 users would love you to be successful and they know that in order for you to be successful and achieve your goal, you need to be able to finance your studies in the U.S.

3) Third and last, Epro 360’s Network. Epro 360 has a strong network of former international students, non-profit organizations, companies established in the U.S., U.S. universities, etc. that could consider contributing to your cause if we are able to explain it well to them. To make it more attractive to them, you could consider offering something in return to them, which the online platform will allow you to do. Note that what might be considered to offer in return for funding is a topic you will be discussing with our team members.

Without a crowdfunding campaign, it is almost impossible to get any funds from all the prior types of audience, except maybe from your closest family, but still even for your family it would be somehow awkward to solicit money directly without using a crowdfunding platform.

“Online crowdfunding is a method of raising capital online through the collective efforts of a community, for instance, family, friends, student’s network, Epro 360 community, private donors, etc."

4) What will be required from me to succeed with my online campaign and how much should I expect to collect?

One advisor with many years of experience working in the crowdfunding industry will be assigned to you.  The advisor will schedule different sessions of typically 1 hour of duration during a period of 1 to 3 months to create the campaign with your help. Besides attending these 8 hours sessions, your advisor will require you do some extra work such as creating some videos that will be displayed to convince your audience to contribute to your cause. We would deem any campaign as successful if it receives more than $5,000 from non-family contributors.  However, the money that you eventually receive will depend on many different factors such as the quality of the campaign (e.g. quality of the videos), the importance of the goal that you are trying to achieve, type of audience, etc. Typically, the range of funds received in each campaign will range between $1,000 and $25,000. This will be a one time payment but the experience that you gain from all of this could help you create additional campaigns in the same, or future years, by yourself or with our help again if you decide so.

 

5) What does Epro 360 offer?

Epro 360 will assign you an experienced advisor that will work on you on 6 different stages whose time span will be between 1 and 3 months. The end goal of this as you know by now is to help you launch a successful online crowdfunding campaign that help you receive money to reduce the cost of your studies in the U.S. The advise that you will receive goes from initial steps such as the analysis of your profile and the selection of the right platform all the way to the final steps of the process such as the launching of the campaign and the implementation of improvements after the launch.

6) It sounds good, but can you share more details about these 6 different stages and the process to make my campaign successful?

It sounds good, but can you share more details about these 6 different stages and the process to make my campaign successful?

7) How much does Epro 360 charge for this Program?

The price to participate in this program is 1.700$ paid after signing the agreement and before we can start the process. Epro 360 will charge a 10% success fee of all the funds that have been received by the student thanks to the Crowdfunding campaign.

8) It is still not clear to me. Can you provide me with a few examples?​

Background: Michael is from Ecuador and has applied to University Y to start his studies in Engineering in Fall 2020. University Y has accepted his application but requires Michael to pay $20,000 in tuition, room, and board per academic year, and after discounting any scholarship amount.  Unfortunately, Michael is only able to fund $14,000 himself so he is in need of $6,000 per year to fully finance his studies in the U.S. Michael wants to study Engineering in the U.S. so he can eventually help develop the technology around clean energies and help reduce toxic emissions from the environment. In return, Michael is committed to create a video every month during the duration of his studies in the U.S. to show any major progress/update on his fight to reduce pollution in this world.

Michael’s GPA is 3.5, his TOEFL score is 105 and is not afraid to speaking to a camera, and his SAT is 1,150.  During the time he has been working with Epro 360 advisors, he has shown extreme care and maturity meeting all the deadlines. Epro 360 has offered Michael the opportunity to be part of this special program and he has accepted.

 

Background

Michael is from Ecuador and has applied to University Y to start his studies in Engineering in Fall 2020. University Y has accepted his application but requires Michael to pay $20,000 in tuition, room, and board per academic year, and after discounting any scholarship amount.  Unfortunately, Michael is only able to fund $14,000 himself so he is in need of $6,000 per year to fully finance his studies in the U.S. Michael wants to study Engineering in the U.S. so he can eventually help develop the technology around clean energies and help reduce toxic emissions from the environment. In return, Michael is committed to create a video every month during the duration of his studies in the U.S. to show any major progress/update on his fight to reduce pollution in this world.

Michael’s GPA is 3.5, his TOEFL score is 105 and is not afraid to speaking to a camera, and his SAT is 1,150.  During the time he has been working with Epro 360 advisors, he has shown extreme care and maturity meeting all the deadlines. Epro 360 has offered Michael the opportunity to be part of this special program and he has accepted.

1st Stage

 Michael needs to read and accept the Terms and Conditions for this program before Epro 360 can do anything for him.

2nd Stage

Michael pays the fee $1.700. The advisor will work with Michael during the following weeks and months to launch a successful online crowdfunding campaign. The goal of the campaign is to reach out to an audience compressed of not only the family, friends, and network of Michael but also anybody in the world that would like to contribute towards a cause related to educating somebody that aims to reduce pollution in this world. The monetary goal will be to reach $6.000.

Scenario A

Let’s assume that Epro 360 and Michael have not been successful and that they are only able to obtain $2.000 from contributors. It really depends on the platform that is chosen. Some platforms will allow to withdraw the amount that has been obtained from contributors even though the goal has not been reached. Other platforms will not allow this. This will be part of the strategy discussions that you will have with your Epro 360 Advisor.  Epro 360 does not receive any success fee.

Scenario B

Now, let’s be more positive and assume that Epro 360 and Michael have been successful and they have been able to obtain $10.000 from contributors. Michael could withdraw this money after paying the platform a success fee that is usually between 4% and 6% of the money that has been received by contributors. So, if the success fee of the platform used by Michael was 5%, the platform would allow Michael to withdraw $9,500.  Out of this $9,500, Michael needs to pay Epro 360 the success fee that is applied to the amount received by Michael from the platform ($950) (i.e. net of any platform fees). Thus, Michael’s profit of participating on this program has been $6.850 ($8.550 – $1.700). This represents an ROI of over 400% plus all the experience that you will have gained to redo it again in the future if you decide to do so.

9) Ok, it makes sense now. What do I do next?

If everything makes sense to you so and would like to start the process, just click on the red button below. This button will take you to the specific page of the Crowdfunding program on the online store where you could also pay online.  After payment, an Epro 360 representative will contact you to begin the process.

If you have any questions, please contact the member of the Epro 360 team that you have been in contact with or email us at info@epro360.com.

Thank you for trusting us and using Epro 360 to help finance your dream of studying in the United States.