Posts Tagged ‘people to people’

How To Fundraise: People To People Fundraising

Friday, January 18th, 2013

People Donate to People – Personal Fundraising Works.

Do you respond to emails from people you know?  If you are like most people, you are many times more likely to respond to an email if it comes from a person you know.

People are the same way when it comes to donations.  If they are approached by someone they know – they donate.  Donation rates to individuals far exceeds donation requests that come from “the organization” even if the professional requests are better worded.

Malcolm Gladwell in his famous book Tipping Point talks about what it takes to create a trend.  To get some idea to “tip” so it becomes pervasive and broadly known.  He talks about Mavens – people who are perceived as experts or people who are key thought leaders or influencers.  Simply being someone known to the receiver – a co-worker, a niece, a friend, or a classmate, elevates a person closer to maven status.  Gladwell also talks about connectors – people with many connections.  To reach the “tipping point” requires a little of each.

Your donor may be either mavens and/or connectors.  Some large and some small;  in most cases, it is difficult to judge.  Interestingly, most fund raisers track the “big money” potential donors but ignore others that may actually have the influence to significantly help the campaign.

So part of the key to a successful campaign is to tap the networks of your supporters.  Tapping your supporters networks allow them to participate and feel involved.  Involvement and engagement in a cause builds long term support.  In a previous article, we talked about wanting many small donors because donors have buy in to your cause.  Even small donors can have influential networks.

Karma411 offers tools to help automate the personal connection.  We help fundraisers tap the social networks of their supporters.

By harnessing the power of the networks of the people who believe in your cause, you magnify the message.  And – because it comes from a person known to the receiver, it gets read.

Crowdfunding…thoughts?

Tuesday, February 14th, 2012

It might seem that nonprofits are always learning and benefiting  from for profit businesses. For example, corporations have made it possible for software programs like Salesforce to funnel down, in an affordable way, giving nonprofits a great tool. But surely there are some instances where the opposite can be said?

Enter crowdfunding.

The term first came about in the early 2000’s and illustrates how sometimes the roles are reversed. Venture Capital firms and entrepreneurs have taken on this traditionally tied to charity, grassroots approach to fund new businesses.

Karma411 was essentially built around this concept that getting smaller donations from many people, making the friend to friend connection, can be very powerful. We believe leveraging social media in crowdfunding for your cause is an essential compliment to traditional fundraising efforts and refer to this as people to people campaigns.

For more insights into the theory behind this and more on strategy and trade secrets that your company can utilize read Internet Management for Nonprofits and by Ted “The Nonprofit Coach” Hart. The fourth chapter co-authored by Karma411 co-founders John Murcott and Mark Fasciano is titled Social Collaboration and Productivity and discusses various online social collaboration tools. Check it out and share with your team!

What are your thoughts on crowdfunding as it exists today? Cool way for start ups to grow? Leave it for the charitable causes?

Unleash the Power of Your Network at Happy Hour!

Friday, October 8th, 2010

We would like thank all who attended our webinar, “Unleash the Power of Your Network at Happy Hour” on Thursday, October 7. We would also like to thank Lauren Wolfe at Higher Logic for putting together a Learning Series of webinars, and for letting Karma411′s John Murcott be one of the presenters!

John began by giving an overview of social networking terms such as Web 1.0 and Web 2.0, and how the difference between the two is that Web 2.0 is driven by interactivity on a website, and the integration of user-generated content. This concept coincides with the idea that today, rather than seeking professionals for advice or product reviews, people are turning to their peers and actual product users.

For those who aren’t familiar with the phrase ‘People to People Fundraising,’ John explained the meaning by saying how people are now taking advantage of their networks, and encouraging those people to then reach out to their networks – this is how a message spreads virally.

John went on to say how organizations have to optimize online tools by providing a platform for their donors to make a page, upload their own content, and invite their friends on the organization’s behalf. “Now the idea of collaboration has turned on its head,” said John. “Now it’s external.”