crowdfunding: how it works, why it works and how you can make it work for you

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Page 1: Crowdfunding:  how it works, why it works and how you can make it work for you
Page 2: Crowdfunding:  how it works, why it works and how you can make it work for you

Housekeeping

Write down 3 thingsCaveats & biases

[email protected] / @bradyjosephson peergiving.com / chimp.net / recharity.ca

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Crowdfunding is growing rapidly and driven by social causes

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Choosing a project & setting a goalSMART● Specific● Measurable● Attainable● Relevant● Time bound

Simple case● Why care?● Why you?● Why now?

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What are you hoping to raise, by when, to impact who and how?

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Develop your story & stories

• Social Currency• Triggers• Emotion• Public• Practical Value• Stories

• Simple• Unexpectedness• Credibility• Concreteness• Emotion• Stories

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There are different story types you can use in your campaign for different reasons.

Story Types– Genesis– Future– Beneficiary– Staff– Donor/Supporter

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Tell your desired future story of what’s possible to inspire.

Story Types– Genesis– Future– Beneficiary– Staff– Donor/Supporter

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Tell a client story to personalize and move emotionally.

Story Types– Genesis– Future– Beneficiary– Staff– Donor/Supporter

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Tell the donor/supporter story to show the power in everyday people and others aren’t in it alone.

Story Types– Genesis– Future– Beneficiary– Staff– Donor/Supporter

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Choosing a platform5 Questions

1. Do you need/want the donor information?2. How much brand control do you want?

3. Do you want a tool that can access a pool of supporters?

4. Do you want to provide updates during and after the project?

5. How do you prefer to pay for the project?

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Control vs. CostYOURSClassyArtezPeer GivingNetwork for GoodBlackbaudCauseVox

THEIRSCanadaHelpsChimpIndiegogoCrowdRiseKickstarterFundlyRazoo

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Choose the best platform for them.

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Adding incentives

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Setting up your campaign

● Keep it simple○ Add layers (and links) as needed and as you go

● Use videos and images● Add social and social tools

○ Hashtag to use and follow

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Videos, quick starts and audience are all keys to successful projects/campaigns.

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Recruiting supporters● Regular, loyal and

monthly supporters● Volunteers and board

members● Companies and corporate

partners● Younger supporters and

followers

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Supporting Your Supporters

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Update on status & Final Emails

● Let people know how close you are to reaching your goal

● Post stories○ Future○ Beneficiary○ Donor/Supporter

● Send out your own round of emails● Encourage fundraisers to email (again)

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Thanking & Reporting

● Hopefully as you go, definitely at the end● Treat fundraisers more like major donors● Give the final results of the campaign

○ In ways that are meaningful to supporters● Close the loop

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Resources

● Made to Stick● Winning the Story Wars● Science of Giving● charitywater.org● classy.org● hatchforgood.org

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