Guest Post: The #1 Mistake Online Fundraisers Make

There is nothing more frustrating than not hitting a goal you’ve set. Especially when it comes to fundraising.

You start dreaming big and thinking of all the things you’ll do with the hundreds of thousands of dollars you’ll raise.

Then when you miss that goal, you feel like you’ve failed. Worse yet, you feel like you’ve let down the folks who actually did donate.

That’s not a good feeling.

Many times, missing a goal comes down to one thing: setting unrealistic goals.

What’s Realistic?

The most successful online fundraisers have two things going for them: strong online assets, and a plan to promote their campaign using those assets.

Through my job at WeDidIt, I’ve been able to look at the lots of successful crowdfunding pages and their traffic statistics.

I learned that a campaign’s performance is predictable. I can look at a page’s traffic and give you an idea of where each of those visitors came from (email, Facebook, Google, your organization’s website, etc).

Better yet: I can tell you how much money it probably raised.

It’s a great party trick. If the party you’re at is full of nonprofit people…

How I Do It

It’s all about averages.

By taking the total amount raised and dividing that by the total traffic a page received, we can get a dollars per visit value (how much, on average, each page visit is worth). This figure works out to $9/visit (it’s actually more, but I round down to be conservative).

We can reverse engineer this to figure out how much traffic your page needs to generate to raise a specific amount.

Want to raise $1000?

$1000 / $9 = 111 visits to the page. You’ll need at least that much to make it happen.

On average, here’s where that traffic comes from:

  • Email: 56%
  • Facebook: 25%
  • Your website: 10%
  • Search: 5%
  • Twitter: 3%
  • Other: 1%

Right away, you can see email is the biggest driver of traffic.

It makes sense then to set your goal based on how healthy your email list is.

If your email list is small or has a low open/click rate, setting a huge crowdfunding goal is not realistic.

For example:

If you want to raise $15,000, you’ll need about 1670 visits. 56% of those have to come from your email list, or 935. That means 935 people on your email list have to open the email and click the link to the page.

If your email list is 10,000 addresses strong, you’re in good shape!

If it’s 500 addresses…you get the idea.

Just as you would run a 5K before taking on an IronMan race, setting realistic crowdfunding goals helps you experience more success and have something to build on.

If you’re interested in those crowdfunding stats, I put together a handy little tool I call the Crowdfunding Calculator. It allows you to plug in how much you want to raise, then breaks down how much traffic you’ll need, where it needs to come from, and gives you an idea of whether your online assets are strong enough to support that goal.

I offer it for free to the nonprofit community, all I ask for in return is that you tell me what your biggest fundraising headache is (so I can get ideas for a my next tool to make!). Click here to check it out!

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Written by Andrew Littlefield

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Andrew is a marketer and nonprofit fan for WeDidIt, a startup based in Brooklyn, New York dedicated to helping nonprofits raise more money and reach new donors.

Connect with Andrew via:
Twitter |  WeDidIt Blog

Guest Post: Five pointers for creating the most engaging donation web page possible

The Internet has created a new way for charities and non-profits to collect donations from supporters around the globe. Even smaller charities with limited budgets are able to market and use social media to effectively spread their message.

Web design and page layout are often overlooked when creating a donations page, but both play an important part in how effective an online fundraising campaign can be. Since the homepage is the online headquarters for most fundraising campaigns, make sure it’s set up to accept credit cards, in-kind donations, provides a list of events, and comprehensively outlines the mission and goals.

 

Create positive and original content that promotes discussion and sharing.

(1) Offer Something to See and Do
The campaign’s mission and goals should be outlined and easy to find, including how any donations are spent and whether or not they are tax deductible. Use images to enhance the story, and stay away from text-heavy pages. Videos are a great way to tell the story and evoke emotion, and updates on the campaign’s progress should be included when goals and milestones are reached.

People are more willing to donate when the funds are being put to good use and progress can be seen. Offer users a forum to discuss the cause and exchange ideas with one another.

Create a “donate” button that stands out from the rest of the site.

 

(2) Provide Multiple Ways to Donate
In addition to setting up the campaign’s website to accept credit cards, donations should be able to be accepted via text message, PayPal, social media, and through the mail. In addition to accepting credit cards, offer the option to donate cash, checque, or money order.

Users shouldn’t have to navigate all over the site to make a donation, so add a way to donate money right on the campaign’s homepage. PayPal offers a “donation” button that can be setup with minimal code.


(3) Spread the Word
In order for a campaign to be successful, people must know about it. One of the most effective ways to spread the word is through the use of social media. Create a Twitter account, Facebook page, and blog. Stay active on the accounts by creating positive content, engaging your supporters, and promoting conversation. Post thought-provoking updates that people will want to share with their networks.

Link the campaign’s social media accounts to the homepage so users can easily navigate between the two. Add “Like” buttons to stories and videos, and blog about the fundraiser’s progress as often as possible. Include images, videos, audio, and other rich media within the blog posts, as well.


(4) Create an Online Store
Although this may be a bit harder for those on a tight budget, it’s never a bad idea to offer products that can be purchased directly through the website. This includes t-shirts, hats, buttons, bumper stickers, pens, and other novelty items that promote the cause. Make sure a portion of all proceeds go back towards the charity, while other funds may be used to help offset administrative costs. These types of products are an additional way to market the campaign offline, too.


(5) Recruit Volunteers

The more help the campaign has, the better. Provide a way for people to get involved and lend a helping hand. Send out a monthly newsletter with information about local events and appearances. Create street teams that spread the word by going door-to-door or by holding events in public places.

If people are passionate about the cause, it may be easy to find others willing to volunteer their time and effort. Include ways people can help directly on the homepage, and provide contact information for those looking for more information.
By creating thought-provoking and engaging content, offering an easy way for people to donate, and sharing the message through social media, any fundraising campaign has the potential to be successful. It’s also a great idea to accept in-kind donations for those who are unable to donate money.

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Written by Brian Flax

Brian Flax is a freelance writer based in the Washington, D.C. area. He is experienced in a variety of topics including technology and Internet-based applications. Follow Brian on Twitter @BrianFlax.

Image courtesy of photoraidz / FreeDigitalPhotos.net
Image courtesy of Stuart Miles / FreeDigitalPhotos.net