Tuesday, May 15, 2012

Raising Money Online: Little Tricks to Up the Ante

Ok, let’s give credit where it’s due. You’ve resisted the siren song of the fundraising tactics of yesteryear. Charity galas and bake sales SOUND really fun – for the people attending them. For the people running them, they’re the culmination of weeks or months of planning, logistics and hassles so that people can give you $1.50 for the banana bread you spent $10.00 on ingredients for.

Until recently, busting your butt in order to raise money for your cause was expected. And a lot of the time, when people hear the term fundraising they subconsciously feel the ‘raising’ efforts should be akin to raising a barn. Or one of those giant jugs upside-down onto the water cooler when no one’s around to help you, without spilling half of it onto the office carpet/the front of your pants (awkward). That is to say – pretty freakin’ tough. But raising money online means fundraising doesn’t have to be like that.

The arrival of online fundraising has made raising money so much easier. It almost feels criminal, posting bigger returns for less effort and, maybe, the fact that running it from a computer makes you feel a bit like you should be selling Nigerian investment scams. But that feeling quickly fades away when you realize that the easier it is for you to raise money online, the more your cause benefits.

Less time is wasted on the tedious elements of offline campaigns (there’s gotta be a pretty lopsided ratio between the amount of money raised and the amount of cut-eye from people who open their door to someone carrying a clipboard) and more people reached through the ever-growing tentacles of the world wide web (Twitter? Facebook? Anyone?). Along with the undeniable convenience of donating through the click of a mouse as opposed to the click of your high heels up the walkway to a dinner at the local community center, as they pinch your baby toes and you wish you’d just bought the ticket (it’s for charity, of course) and stayed home in your cozy, cozy slippers. All of this translates into a more efficient campaign and a bigger donor base full of happy people more likely to give their support and rally behind your cause.
So friend, good for you for realizing this, and readily embracing the world of fundraising online. Clap clap! Gold star! Smiley face! Whatever makes you feel best appreciated. But now that you’ve got your online fundraising campaign all set up and ready to go, there are a few tricks to take it from “what a success!” to “YEEEEAH BABY PEOPLE ARE ALL OVER THIS!!”

A Multiple Appeal Series: Send out several messages over the course of a period of time as a part of a cohesive campaign, as opposed to a standalone appeal. It not only serves as a reminder to people to give, but lets you approach them in a less aggressive way – you have more chances to talk to them, explain the cause, etc. It’s been shown that in a multi vs. standalone appeal, peoples’ response time was higher and average gift was greater. So give it some salad and boiled chicken and spread your message a little thinner.

Deadline-Driven Appeals: Tapping into peoples’ innate fear of due dates? Giving them a deadline for donations is more effective than open-ended appeals and reaps greater rewards. In fact, the average gift amount is almost double in some cases. So whether your deadline is tethered to an actual event for your cause or it’s the anniversary of that time your Chihuahua played with a rolled up potato bug for the whole afternoon (and you laughed and laughed), specific dates spark a bigger reaction when raising money online. Who knew?

Matching Gifts: We’ve all seen it before: “If we reach $2,000 for the One-Eyed Wallaby Foundation, the Two-Eyed Wallaby Foundation will match it to bring us to $4,000!” Maybe not that specific example, but promising a matching donation has been a proven motivator for both response rate and gift amount from donors. Most likely because it makes people feel like they’re doing more with what they give since anything they donate is literally doubled. This is also a great way to introduce deadlines into your online fundraising campaign. For example, “Whatever amount we reach by February 12 will be matched! We won’t stop until every wallaby gets an eye”.

Dollar Goals: This is the least effective out of all four on its own, but is great to use in combination with others as a solid goal for people to connect themselves to. For example, setting a deadline to reach a dollar goal and then sending out multiple appeals up until that deadline would be a tour de force of raising money online. Leave no tactic unturned!

The fact that you’re online in the first place is a great step in turning your fundraising campaign into a successful, ever-reaching Megalodon version of what it would be offline. Not only is online fundraising quicker, easier, and more expansive than its offline counterpart, but there are lots of ways to easily tweak your campaign to ensure more support and more donations from your growing donor base. So pat yourself on the back and throw out your comfortable “walking shoes” that you secretly know give you a bad case of the cankles. Your door-to-door days are over!

For free fundraising tools that will help you effectively raise money online for your online fundraisers, you can create, manage, and track the success of an unlimited amount of fundraising campaigns today by using a robust online fundraising platform. Fundraise with ease for your cause’s fundraiser now by using these free and easy to use, fundraising tools.

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