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Crowdfunding @bobosborne17 A Case Study

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Page 1: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Crowdfunding@bobosborne17

A Case Study

Page 2: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

The Rules

Page 3: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

1If You Build it They Will NOT Come

Page 4: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

2The Normal Rules Apply

Page 5: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

3Big Money is Hard to Raise

Page 6: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Hromadske RadioA Case Study

Page 7: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

What We Liked About Hromadske

• Had the time and motivation

• Took advantage of a news story

• Easy to understand message: independent press

Page 8: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Strategic Planning

Page 9: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Traditional Model

Funder NGO Client

Page 10: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

New Model

Funder

NGO Client

Page 11: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Know Your Audience

Ukrainian-Americans

DoraRobert

Ukrainian Diaspora

FriendsFamilyPS3

Community

Page 12: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Concept of the “Critical Few”

Who has the most influence with people who you want to act?

Page 13: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Inventory and Enroll Your Connections

Page 14: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Names Political DonorsPhilanthropists

Volunteers Clients Community Leaders

Have

Desire

Start with Champions!

• There is often overlap• List all – who have, who’d you like• Don’t negotiate against yourself

Page 15: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Roles

Champions

Supporters

Participants

Page 16: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Roles Defined

• Champions

– Give

– Email and social media

– Active regularly

• Participants

– Give

– Social media

• Supporters

– Hopefully give

– Social media

Page 17: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Our Social Reach

Page 18: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

What Does Success Look Like?

Page 19: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Hromadske Needed…

• To compensate people for their time

• Greater breadth of political program

– Fast reaction to new events

– Interviews with relevant people

– Long-form investigative

– Discussions with other journalists

Page 20: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Goal Planning

• $16,500 goal

– 4 podcasts/programs

– Built in fees

• Three week campaign (22 days)

Page 21: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

“Mini” Goals

• Every $4,000 equals one podcast

• Launch with at least $3,000

• Half of goal by day 6 ($8,000)

Page 22: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Tactical Planning

Page 23: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Planning for Hromadske

• 3 weeks of planning

• Identified champions

• Did all media and inventory in advance

Page 24: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Hromadske Radio

• 500,000+ social media connections

• Few blog connections

• Some media connections

Page 25: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Publish

We Wanted Friends and Blogs ready to Post on Day One

Page 26: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

We Decided to Use a Thunderclap

Page 27: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Thunderclap

• 7 day campaign

• Contacted those with the most social media reach

• Wrote personal notes to everyone

Page 28: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American
Page 29: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

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Page 31: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

What We Learned

• Getting people to even do a Thunderclap is difficult

• We wondered if we hadn’t used up our momentum

• Ultimately, Thunderclap translated to two gifts for a total of $200

Page 32: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Inventory and Enroll Blogs and Other Media

Page 33: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Calendar © Lighboxcollaborative.com

Make a Publishing Calendar

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Page 34: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Video & Photos

Perks

Your Story

Designing the Campaign Details

Page 35: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

A Word About “Perks”

• Use Impact Statements

• Talk about the benefits (impact) of giving

• You can use incentives

– Small token acknowledgments of giving

– Not incentive for giving

Page 36: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Kicking it Off

Page 37: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Launch – Make a Splash!

Be As Many Places as Possible on Day One

Page 38: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Planning

Launch

ExecutionStewardship

Close

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Page 39: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Think of Your Campaign Like an Action Movie!

Page 40: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

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• Launched day early for friends and family

• Substantial money raised when others joined

Page 41: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

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Page 42: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

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Page 43: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American
Page 44: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Getting Nervous

• Wrote personal appeals again

• Went to Ukranian-American events and SXSW

• Contacted media

• Stewardship

Page 45: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Execution and Stewardship

Update and Thank Your Donors

Page 46: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Make a final promotional blitz!

Closing

Social Media and Email

Traditional Media

Ask to Help Close Out The Campaign

Page 47: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American
Page 48: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Summary

• $17,016 raised

• 189 supporters

• 13 updates

Page 49: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

What We Learned

• Social media is diffuse

• Having good volunteers critical

• Update, update, update

• Having a good cause or news worthy cause not enough

Page 50: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

• IndieGoGo

• RocketHub

• Razoo

• Kickstarter

• Crowdrise

• Global Giving

• New ones every day…

Platforms

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Page 51: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

• Mailchimp

• Hootsuite

• Boomerang for Gmail

• Compete.com

Other Helpful Tools

Page 52: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

What Else?

Start Small and Learn

30 Days or Less

“Offline” Your Donors if You Can

Report Back on Impact

Thank Your Volunteers!

Page 53: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

What’s Next?

• Another campaign?

• Active body of people we can use for the next project

Page 54: Crowdfunding @bobosborne17 · Who has the most influence with people who you want to act? Inventory and Enroll Your Connections. Names Political Donors ... •Went to Ukranian-American

Thank You!

@bobosborne17

@15secfundraising

Theosbornegroupblog.com

Theosbornegroup.com

Find me on LinkedIn!