33 must see expert tips to rocket your fundraising ideas and boost crowdfunding campaigns
School and Church fundraising ideas have found a new home on popular crowdfunding sites like GoFundMe and Kickstarter. The sites get massive traffic from all over the world and can help your fundraising ideas go viral. I recently gave a webinar to the Manta small business community on how to use Crowd Funding, available free here.
While you can reach a bigger audience for your fundraising ideas through crowdfunding, it hasn’t made convincing that audience any easier. You still have to get them to the page and explain why your project deserves their support.
That’s why I reached out to 33 experts in the field of crowdfunding and fundraising to get their top tips on how to boost your fundraising ideas or crowdfunding project. Click through the links to visit each expert’s page or leave a question below.
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Pre-Launch Tips for Fundraising Ideas and Crowd Campaigns
1) Manolis Sfinarolakis, RealityCrowdTV
“Crowdfunding Campaigns are called “Campaigns” for a reason. It takes 3 to 6 months of pre-launch crowdfunding activities BEFORE you ever launch your fundraising page to appropriately execute a marketing plan with the purpose of achieving 30% of your funding goal within the first 48 hours to a week. If you can reach that level of funding, you have the chance to leverage that moment to raise the rest of your goals.”
This is one of the biggest topics on the Crowd101 blog because it is so important. All the media attention is focused on crowdfunding and fundraising success stories but no one talks about the process and work involved. The pre-launch process is where you will build excitement and a community around your fundraising ideas and crowd projects. It’s the only way to really reach the crowd once your campaign goes live.
2) Marc A. Pitman, FundraisingCoach
“Successful online fundraising happens before the event! Like any fundraising event, you need to do a lot of prep work. There should be committees or a project team and lots of outreach. Make a list of “influencers,” people who will be able to help get the word out. Let them become part of the creation of the campaign. Let them own it.”
We keep coming back to that pre-launch idea but hitting on different aspects of pre-launch crowdfunding. Crowdfunding, like any fundraising campaign, can be a lot of work. Reach out and build a strong team early in the campaign and things get infinitely easier. The project may be your dream but there are others just as passionate about it and the project deserves to get funded. Make it about something bigger than yourself.
Most people are surprised when they see how much work a crowdfunding campaign can take to be successful. From pre-launch building your list through social media and offline events to keeping the momentum going with promotions during the campaign, crowdfunding isn’t about just setting up a page and waiting for people to donate.
3) Frankie Sue Johnnie, Crowdfunding for Writers
“Study unsuccessful and successful crowdfunding campaigns to determine what you can do to increase your chances of success and decrease your chances of failure. Donors love perks, especially tangible perks. Backers want to know what’s in it for them. If you offer perks that pique their excitement – it will make a donor more freely donate.”
Researching campaigns related to your fundraising ideas is the first step in pre-launch crowdfunding. It will not only give you an idea of how much you can raise and what rewards to offer but it might open up whole new networks of supporters through reaching out to the campaign owners.
4) Lyn Blanchard, Your Capital Edge
“There is a considerable amount of pre-planning tasks that have to be undertaken before you switch on the Crowdfunding launch button. In my opinion this is where many Crowdfunding campaigns fail and where entrepreneurs underestimate the time, resources and effort that it takes to launch a successful campaign. Two to three months of preplanning is a must. Getting organized is essential and this is why I developed this comprehensive tool to improve the chances of Crowdfunding project success.”
Building Community around Fundraising Ideas and Crowd Campaigns
One of the best benefits from crowdfunding your fundraising ideas isn’t the money at all but the sense of community you build from the campaign. Not only will your community of supporters come to the rescue with financial support, they’ll also act as cheerleaders for your cause on social media and in future campaigns. It’s because crowdfunding supporters feel a special level of buy-in with the businesses and fundraising ideas which they support.
5) Tadhg Kelly, TechCrunch
“The way to deal with a crowdfund community (or anything social network based) is to talk to its participants as human beings rather than hiding behind PR propaganda or disappearing altogether.
The key lesson of crowdfunding is that by going to the crowd you are asking for community as well as cash, asking people to join you, to support you, and essentially promising them an ear. Whether it’s a card game or a whole gaming console, the crowdfunding transaction is more than just finance. It’s tribal. It’s a movement.”
The idea of building a community is huge for crowdfunding and fundraising ideas in general. No one is going to support you if they don’t feel a part of the project. The only way to do this is by being truly social and not just spamming your message out. I talked to 11 crowdfunding campaigns that were raising almost $500,000 about their church fundraising ideas recently and the biggest theme was building that sense of community.
A successful crowdfunding campaign means reaching out to the real ‘crowd’ in social media. Updating your message a few times each day on multiple social networks can seem impossible but use a social media tool to schedule out your posts.
6) Patrick Moss, EquityNet
“Taking the time to go collect information about investors helps you determine if your company matches investors’ criteria. The most effective ways to connect with an investor is to identify a mutual acquaintance that the investor trusts. Focus on what you intend to do and what type of opportunity you can present to an investor.”
This one is written to people raising money in equity crowdfunding but it is applicable to your fundraising ideas and rewards-based crowdfunding as well. Understand who is most likely to relate to your fundraising idea and the reasons they have to support it. This will help you reach out on a personal level. Your existing network is the best place to start with outreach because you’ve already developed that level of trust that is crucial to reaching others.
7) David Khorram, Crowdfund Made Easy
“Crowdfunding is not a field of dreams, if you build it, they will not come! You need to do your homework and build a team to support you and your campaign.”
We touched on the importance of a team earlier but there are other reasons to get at least a few people to come together around your campaign. Slava Rubin, founder of IndieGoGo, states that teams raise an average of 70% more money than campaigns run by a single person. Part of this might be a function of multiple people being able to do more work but bringing in others can bring in a lot of great skills as well.
A team project also helps to establish social proof for the project. Get together a group with experience in marketing, finance, production and project management and your project is no longer a risky, garage-run startup but a full-fledged business.
8) Steve Boland, Next in NonProfits
“Recruit and train a group of team leaders before the campaign begins, people who are charged with specific fundraising goals to tell the story of why they support the campaign goals. Peer-to-peer communication is critical in reaching new audiences. If each team leader has a goal of $1,000 (which isn’t that hard to do!) then this initial group can build some early momentum, or maybe even meet the goals on their own.”
I love this idea. Take a page from the Avon playbook and create a ‘sales force’ for your fundraising ideas. You probably won’t be able to offer any monetary gain but getting people onboard with an emotional sense of belonging or commitment can be just as good. Each team member should have their own goals and plan to reach them.
Alone we can do so little; Together we can do so much.
9) Radu Bazavan, Filmulusturoi
“Run it like a business. Professionally. Figure out what your project brings new to this world. Identify the key benefits, SWOT the heck out of it and advertise it properly. Contact a specialist if you need to.
Make your supporters proud of supporting you. Become a brand and assure your investors you’re using their money properly – which you are of course expected to do. “
This one is geared to business crowdfunding but applies to fundraising ideas as well. Many people are going to be skeptical of your legitimacy as a fundraising campaign. Detail out your budget and how the funds will be spent. Provide a reasonable timeline and show people that you have put the time in to think through challenges and are serious about the project.
10) Justin Rogers, The Freshpreneur
“I would say having a strong personal network is crucial to a successful launch. I am at present almost two weeks into my own launch of an Indiegogo campaign and it has validated my stance on a personal network being crucial to any campaign.”
The first “Habit of Highly Effective Crowdfunders” that I talk about in the linked infographic is the need to be social. Data shows that campaigns where the founder has just 10 Facebook friends have just a 9% chance of raising $10,000 or more. Campaigns with founders that had 100 friends saw their odds jump to 20% of raising that amount. It isn’t necessarily the number of social connections you have but your ability to reach out and connect with people.
Finding Your Voice in Fundraising Ideas and Crowd Campaigns
It’s critical that you make your message sincere and personal when putting together your fundraising ideas and crowd campaigns. People want to feel a part of the community but they are still extremely reluctant to trust anyone on the internet. Building this trust is only done through honesty and being a real person in your campaign profile.
11) Scott E. McIntyre, Crowdfunding Professional Association
“The best advice I give any crowdfunder is to be SINCERE. We are all inundated with so many competing messages that we’ve become highly skilled at sniffing out BS, and simply tune out. But SINCERITY stands out, and when it resonates, people are more likely to “Like” a campaign or support it with money, both of which are better than any marketing you can buy.”
This is best done through lending your own voice to the project and crowdfunding campaign. I see a lot of fundraising campaigns that look like they were written by a robot, absolutely no emotion whatsoever. Write-up your fundraising idea and campaign as if you were talking to someone. Tell them about the need and share your excitement with a sense of urgency, and above all, be sincere.
12) Jeffrey Wolfe, Crowdrise
“One fundraising project on Crowdrise stands out as excellent examples of how to boost your campaign. Mallory created a sense of urgency after a devastating earthquake leveled Haiti in 2010 by describing time needs in the campaign. She used sentences like, “I need to raise $5,000 in the next 24 hours to help get Chantale and Jacky’s family out of their temporary housing and into a home.”
Most fundraising campaigns have a funding deadline, though there are sites for fundraising ideas that are open-ended. This and the specific project needs create a real sense of urgency but you need to get that across to your readers.
13) Caitlin Fitzsimmons, BRW
“Successful project creators have a story to tell and bring their community to whichever platform they use.”
One of my favorite crowdfunding and fundraising maxims is, “Make it Personal and Make an Impact.” You absolutely have to tell your story, even if the project isn’t about you. Tell how you became involved and why it means so much and has changed your life. People relate to other people, not to faceless ideas.
14) Ernest Barbaric, Non-Profit Guide to Crowdfunding
“Offer experiences, not things. Instead of offering t-shirts and products as funding rewards, consider getting a known local CEO to sponsor a dinner with him or her, and offer that as a reward. There is no cost, but the value could be tremendous.”
One of the big themes in the business world right now is that people are paying for experiences. You can have a great product but if you cannot sell the experience people get by using that product or service, then you won’t be as successful as you could be. Ernest’s point goes one step further and extends it to the rewards you offer on your fundraising campaign.
15) Ami Neiberger-Miller, APR, MA, Steppingstone LLC
“Don’t just ask for funding. Rather, explain why you need funding. Share a real story that shows people who would be impacted and problems that would be fixed. Use pictures, data and stories to convince people of the need for funding. Explain how your solution is not possible any other way. Without visuals and a compelling story, people may not be swayed to contribute.”
Ready to start crowdfunding your fundraising ideas? There are literally hundreds of crowdfunding platforms on the internet but not all will be right for your fundraising campaign. The largest platforms like Indiegogo and GoFundMe offer huge audiences but there are smaller sites that might attract an audience that is more directly appropriate to your campaign. Check out the Ultimate List of Crowdfunding and Fundraising Websites.
Outreach for Your Fundraising Ideas and Crowd Campaigns
16) Kelly Frost, Kimbia
“Provide internationalized, multi-currency, donation forms and a real-time progress display for each fundraising entity (corporate and media partners, and supporters for peer-to-peer fundraising) that can be easily copied and pasted on their site in under two minutes. This leverages the multiplying effect of the internet to significantly extend the reach of your campaign across more channels and continents.”
Why limit yourself to donors in just one country, say 300 million in the United States, when you could open support for your fundraising idea up to 7 billion people around the world? Make it easy for other people to find you and support the cause.
17) Nick Dragojlovic, PhD, FundedScience
“If you’re crowdfunding a healthcare technology or a medical research project that will help patients who suffer from a specific disease, you might be able to borrow an audience. Large disease advocacy foundations have little incentive to help you out, since their in-house fundraising operations are already well developed, but smaller foundations that focus on rare or underserved diseases often have trouble finding researchers who want to investigate the disease in question. They probably won’t be able to fund you directly, but their network of patients and families can help to spread the word about your crowdfunding campaign far and wide.”
This is great advice for any crowdfunding or fundraising idea. Building relationships with groups related to your project can be much easier than reaching out to individuals. Another post recently on the blog looked at 11 school fundraising ideas, many of which were reaching out to other organizations for increased networking.
18) Dave Schneider, Selfmadebusinessman.com
“I still stand by effective outreach as a means of boosting a crowdfunding campaign. In order to get people to fund it you have to get people to see it. This means direct email and social media for starters.”
Not only do you need to reach out to people but you need to have a strong outreach plan to reach the influencers, journalists and bloggers that are going to give your fundraising campaign a boost. There are a lot of outreach tools available on the internet, some charge a monthly fee while other methods can be free.
I discussed one method in a prior post on drawing people to your crowdfunding blog. You can use Google to find people talking about your fundraising idea or campaign topic. From there, sites like MOZ Open Site Explorer can help find people linking to that person or blog. You can build a huge outreach list in very little time.
19) Brock Murray, Katipult
“To create a movement online you need a clear, well-articulated strategic plan that creates a sense of urgency and provides a definitive point of success. You need to connect with people and compel them to donate to your project. Understand the motivations behind your supporters, and communicate your message with emotion and clarity. The biggest problem in fundraising isn’t getting people to give, it’s getting people to ask others to give. Provide rewards and incentives to your top referrers.”
You may have a great outreach list and network but if you can’t get people to share with their network, you’ll ultimately be limited in what you can raise. Make social share buttons (like the ones on the left-side of the screen) easy to find and actually ask people to pass the info on to their friends (ahem…). Not only does sharing help get the information to more people that need it but it helps get your project found on the internet through Google search rankings.
20) Chris Smith, Shambles
“Don’t put all your work to one social network.”
We all have our favorite hangouts, whether online or offline. Don’t assume that just because your immediate network is almost exclusively on Facebook that it is only there that you need to market your fundraising idea. Reach out to different audiences through different platforms. Find business people on LinkedIn or creative-types on Pinterest.
Strategy for Your Fundraising Ideas and Crowd Campaigns
Launching your fundraising ideas through a crowd campaign can be an intense experience. You’ll need a strategic view that spans every aspect of business from marketing and communications to accounting and logistics. Putting together a plan around social media, offline marketing, administration and management before the campaign launches will save you a lot of time and headache.
21) Janet Fouts, Social Media Coach
“Crowdfunding looks easy, but there’s waaay more to it than having a great product. You have to grab hearts and minds so people want to support you and you must stand out from other, similar offerings.
It gets crazy hectic as the campaign takes off and if you’re not organized you can miss opportunities. Successful campaigns have a carefully focused strategy planned out in advance. When will you send updates and what will that
- Send out personal emails to key influencers in the same field to ask them to support you, both by supporting the project and spreading the word.
- Create messaging that supporters can use to share your story.
- Have a schedule of social posts custom written for the voice and community on each platform.
- Respond to your supporters on social platforms, comments on your blog or the crowdfunding platform and thank them, add to your story.”
Organization is one thing that many crowdfunding campaigns, especially a lot of the smaller fundraising ideas, really lack. Hours of tasks start piling up and people get overwhelmed by the campaign. Put together a basic schedule of when you are going to handle specific duties like emailing, responding to questions, outreach and other recurring tasks.
22) Chris Jones, Make Film Teach Film
“Take personal responsibility for every aspect of your campaign at every stage. If it fails in any way, that’s not just your responsibility, it’s also your fault. If you really commit to this, so long as your numbers make sense and your proposition is sound, you will find success. Blaming others or the crowdfunding platforms or generally complaining is a surefire way to failure.”
I like Chris’ hard-hitting realism. Make your crowdfunding or fundraising campaign your own and be accountable for its success. I have seen a lot of really great fundraising ideas that deserve to be funded but ended up falling short. Nobody took responsibility for making the campaign a success.
23) CoAssets Team
“If the reward listed on the crowdfunding site has some security, in the form of tangible reward or even intellectual property that the backer can stake a claim to, the likelihood of the project receiving financial backing would definitely be more than something that is based on a promise.”
This is harder to do for a fundraising idea than other crowdfunding campaigns where a tangible product is available as a reward. Get creative with your rewards, whether you offer a physical item that people can receive or some emotional reward. Check out the rewards of other fundraising campaigns that are similar to yours.
24) Jenna Taylor, GrowthFunders
“Planning is a HUGE part of running a successful crowdfunding campaign. Plan your social media campaign and start building an audience well in advance. Plan key points, updates, email campaigns, and event appearances all before you start your crowdfunding campaign.
A video is one of the most important points to your crowdfunding page, one that too many people neglect. This is your chance to reach people through a different medium and to really express why the project needs funding.”
Yancey Strickler, cofounder of Kickstarter, reports that projects with videos have had a success rate of 54% while those without a video have only been successfully funded 39% of the time. Directly below your teaser video, provide a few short bullet statements that hit on the strongest points of your project. Random visitors to your page may not intend on scrolling down any farther than this so you really need to make a connection early.
25) Natalie Jonk, Walacea Brain Imaging Project
“To me the golden rules are to encourage as many people as possible to look at your campaign page whether it be through the press or your own networks. Create an inspiring video, write engaging text and try to make perks as tangible as possible by including images and also price the perks right.”
26) Anna Maguire, Crowdfundit
“It’s well-known that crowdfunding campaigns often have a time in the middle where support slows down – after all, most support comes in at the beginning and end of your campaign. In order to try and combat the mid-campaign slump, I advise crowdfunders to think about what ‘content’ they can roll out at that time.
For a start, it gives you a reason to follow up with an email your personal contacts. You could say, “Look, we’ve come up with some designs for packaging. Which one do you prefer? And by the way, be great if you could support my campaign!” When planning what collateral you need, always hold back something to roll out through the middle period to give people a reason to stay interested in your campaign.”
This is a great point. Take a look at the Kicktraq chart below for Rennik Soholt’s Forced Change Kickstarter campaign. If it were not for a few days where daily pledges spiked, he would have had a very disappointing few weeks in the middle of the campaign. This is a pretty typical chart (except for the few days of higher pledges) for most crowdfunding campaigns.
How did he manage those few days that brought in up to ten times other days’ pledges? He found backers to commit to a matching pledge on anything raised that day. Then he promoted the match pledge out to his list and anywhere else he could think to do it. It really helped to keep things moving and finally in reaching his $30,000 funding goal.
27) Antonio Ariston Arias, Alamidas Capital
“Financial capital has become more of a commodity at the early stage businesses. What is even more important is what other value added services do the investors bring to the table other than money.”
Supporters to your crowdfunding or fundraising idea are worth much more than money. A passionate supporter that can only afford a $1 donation but can spread the word and help out is worth just as much as your big money donors. Learn how to utilize people for their skills and nurture their passion for the campaign.
28) Jack Murphy, GoldinSolutions
“For optimum visibility and more contribution dollars, you’ll need to market your campaign, spread the word, and engage current and potential contributors. Think about how you can advance other long-term objectives in addition to your immediate need for funding. Talk with contributors and keep them in the loop. Try to find new ways to involve your community and renew their curiosity.”
This is a great idea that many do not consider. Most people think of their crowdfunding campaign or fundraising idea as a one-off event, raise the money and get the project done. Think of your campaign as a living idea that grows and evolves well after the first campaign. You are going to be putting in a lot of work behind your crowdfunding marketing strategy and outreach, don’t let it go to waste after the campaign is over.
29) Mark Suleman, MacroCrowd
“In today’s fast paced world, full transparency is key. Investors need to see details that make up a deal without anything hidden.”
Again, not just for an equity crowdfunding campaign but applicable across crowdfunding and fundraising. You need to do two things when fundraising, bring people to the campaign and establish a sense of trust and community. Your existing personal network may trust you but they don’t know anything about the campaign. Your outreach may uncover people that are passionate about the cause but they don’t have that level of trust with you. Learn how to develop both ideas and you can reach anyone.
30) Sherwood Neiss, Crowdfund Capital Advisors
“Taking time to prepare for what you are going to do will allow you to execute better. You should have a long-term objective. Set smaller, daily goals that are challenging yet achievable. You will have a greater chance of reaching your desired outcomes.”
A good point that a lot of people overlook. Your longer-term goal of meeting a funding goal or reaching a certain number of people is what you’re aiming for but how do you get there? Developing a good strategy around daily or even weekly goals can really help to chart your path to the finish. They also help keep you and your community motivated.
31) Steve Pallas, Sports Community
“Although the basis of crowdfunding is for large numbers of people to pledge small amounts don’t be scared to create a number of high value rewards. If you make these high value rewards “money can’t buy” experiences, they will give your campaign a talking point and could give your fundraising a real boost.”
Besides being afraid to ask, being afraid to ask big is one of the biggest problems I see in fundraising. Use the ideas from the list to create real emotional attachment and community around your campaign. Develop a real need and a sense of urgency and people will be ready to open up their hearts and their pocketbooks. Feature one or two really big reward levels that can distinguish the donor, making them feel a part of something bigger than themselves.
32) Tim, Twintangibles
“Test your messaging outside your usual circle.”
This one is extremely important. Only testing your campaign message or pitches with your personal network runs the risk of groupthink, where nothing new is added because everyone shares similar ideas and experiences. Reach out to people with other points of view and make sure your fundraising message speaks to a broader audience.
33) Claudia Ecobici, TruCrowd
“Reach out to familiar faces before the launch.”
One of my favorite crowdfunding tips is the pre-launch party. While much of your funding may come from online sources, your offline outreach with your existing network can be extremely powerful in getting things started. Put together a small event with your closest group of supporters before the launch. Talk to a few people beforehand to go over talking points and ways to guide the conversation around the fundraising idea. Get people talking and excited about the upcoming campaign and collect pledges for the first couple of days of the campaign.
Putting it all together for successful fundraising ideas
We’ve touched on a ton of fundraising ideas here, more than you might be able to handle in one sitting. You might want to read through the list and make notes, what goes in pre-launch and what is more applicable during the campaign. For each tip, think about how it relates to your crowdfunding campaign or fundraising ideas.
Share the post with your friends and ask them to help relate it to your fundraising ideas. Work through all 33 tips and you will be well on your way to raising the money you need for your project.
Did we miss any tips? What is your top piece of advice for boosting a crowdfunding campaign or fundraising ideas? Please share it in the comments below.