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Crowdfunding 101
        How to Jumpstart
Your Social Fundraising Campaign

    @fundly @davidjboyce1
Today

 1. Crowdfunding Overview

 1. How to Launch a
   Campaign

 2. Top 5 tips
#1 Crowdfunding site for Social Good




                                    “Kickstarter has helped users raise
  “Are Facebook, Twitter,             more than $221M.” - 08/08/12
      and Fundly the
                                      Fundly has helped users raise
Fundraisers of the Future?”
                                       more than $252M - 08/08/12


 “Fundly.com is Transforming                  “Fundly +
      Online Philanthropic,                 Facebook =
Political, and Individual Giving”   Millions in Micro-donations”
Two Ways to Understand
Crowdfunding

 1. Support a Campaign

 1. Launch a Campaign
Crowdfunding works for…

 1. Individuals

 1. Political Groups

 2. Large Non-Profits

 3. Your organization?
How it Works
The most important thing:


 Launch
  - Don’t aim for perfection… You have to launch
    a campaign and learn from it!

  - You get a 2nd, 3rd, and even 30th chance to
    make a 1st impression
Step 1:
 What can you crowdfund?
People “give through,” not “to”

  examples…
  A playground
  A new classroom
  Meals
  Shelter
  A mission trip
Step 2:
Sanity-check your target
– Is your date less than 3 months out?
– Is your $ target achievable?
formula…                             example…

   # of supporters                       10,000 supporters

   2% response rate (historical actuals)
    $94 average donation
    1.5 social multiplier                     $28,200
Step 3:
  Set giving levels
Make them fun or meaningful
  $50 buys 10 used textbooks
  $500 sponsors one child through graduation
  $5,000 sponsors a classroom of 30 students


 Remember…
 People give “through,” not “to”
Step 4:
Share your
story
Step 5:
email Launch
– Use your existing list
– Use the strategy you already built
   • Target: ―We are raising $22,500 by October 15…‖
   • Objective: ―This will allow us to open one new classroom…‖
– Make the email personal—address it from you
– Send personal update emails once per week
Step 6:
Facebook
– Share with your personal
  network once per week
   • Make it personal
      – “Join me in building a
        school! We are 50% of
        the way to adding a
        classroom for 30 kids in
        Sudan”
– Post to your Facebook Fan
  page daily
   • Ask questions
   • Provide updates
Step 7:
Twitter
– Tweet 2-10x per day
   • Lunchtime and quitting
     time
– Use hashtags
– Retweet
Step 8:
Recruit help
Get your top supporters to
set up their own pages
   Think board members,
   volunteers, celebrity
   endorsers, partners, etc.


Rinse and repeat
   The bigger the team, the
   better the network
Step 9:
Embed on your site
Embed the donation form
on your own website
   • As easy as embedding a
     YouTube video
Make sure all channels of
communication are aligned
for the duration of your
campaign
   •   Email
   •   Direct mail
   •   Website
   •   Social networking
Step 10:
Celebrate!
– Announce your milestones
– Post updates to Facebook
  and Twitter, encouraging continued donations
– When your goal is reached, shout it from the rooftops!
   • People like to be part of a winning team
   • Thank them for their support and they will support you again
   • Where possible, provide evidence of the difference the money
     is making (on-the-ground photos and video)
Top 5 Tips
1. Start with your current
   supporters
2. Do not be shy
3. Make a direct ask
4. Tell donors what their money
   will do
5. Align all channels
Good Luck!

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Dave Boyce - Crowdfunding 101

  • 1. Crowdfunding 101 How to Jumpstart Your Social Fundraising Campaign @fundly @davidjboyce1
  • 2. Today 1. Crowdfunding Overview 1. How to Launch a Campaign 2. Top 5 tips
  • 3. #1 Crowdfunding site for Social Good “Kickstarter has helped users raise “Are Facebook, Twitter, more than $221M.” - 08/08/12 and Fundly the Fundly has helped users raise Fundraisers of the Future?” more than $252M - 08/08/12 “Fundly.com is Transforming “Fundly + Online Philanthropic, Facebook = Political, and Individual Giving” Millions in Micro-donations”
  • 4. Two Ways to Understand Crowdfunding 1. Support a Campaign 1. Launch a Campaign
  • 5. Crowdfunding works for… 1. Individuals 1. Political Groups 2. Large Non-Profits 3. Your organization?
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 13. The most important thing: Launch - Don’t aim for perfection… You have to launch a campaign and learn from it! - You get a 2nd, 3rd, and even 30th chance to make a 1st impression
  • 14. Step 1: What can you crowdfund? People “give through,” not “to” examples… A playground A new classroom Meals Shelter A mission trip
  • 15. Step 2: Sanity-check your target – Is your date less than 3 months out? – Is your $ target achievable? formula… example… # of supporters 10,000 supporters 2% response rate (historical actuals) $94 average donation 1.5 social multiplier $28,200
  • 16. Step 3: Set giving levels Make them fun or meaningful $50 buys 10 used textbooks $500 sponsors one child through graduation $5,000 sponsors a classroom of 30 students Remember… People give “through,” not “to”
  • 18. Step 5: email Launch – Use your existing list – Use the strategy you already built • Target: ―We are raising $22,500 by October 15…‖ • Objective: ―This will allow us to open one new classroom…‖ – Make the email personal—address it from you – Send personal update emails once per week
  • 19. Step 6: Facebook – Share with your personal network once per week • Make it personal – “Join me in building a school! We are 50% of the way to adding a classroom for 30 kids in Sudan” – Post to your Facebook Fan page daily • Ask questions • Provide updates
  • 20. Step 7: Twitter – Tweet 2-10x per day • Lunchtime and quitting time – Use hashtags – Retweet
  • 21.
  • 22. Step 8: Recruit help Get your top supporters to set up their own pages Think board members, volunteers, celebrity endorsers, partners, etc. Rinse and repeat The bigger the team, the better the network
  • 23. Step 9: Embed on your site Embed the donation form on your own website • As easy as embedding a YouTube video Make sure all channels of communication are aligned for the duration of your campaign • Email • Direct mail • Website • Social networking
  • 24. Step 10: Celebrate! – Announce your milestones – Post updates to Facebook and Twitter, encouraging continued donations – When your goal is reached, shout it from the rooftops! • People like to be part of a winning team • Thank them for their support and they will support you again • Where possible, provide evidence of the difference the money is making (on-the-ground photos and video)
  • 25. Top 5 Tips 1. Start with your current supporters 2. Do not be shy 3. Make a direct ask 4. Tell donors what their money will do 5. Align all channels

Editor's Notes

  1. Since we all want to be part of the future, I’m focusing today on how to succeed at social fundraising. Meaning, what do we do to be EFFECTIVE at fundraising online in the world of social networking?I’ve organized around 3 myths and 3 musts… Lots of people have gone before in social fundraising, so the good news is that we don’t have to make the same mistakes, and we can learn from things that succeed. I’ve picked 3 in each category to help you get started, but here’s something I always tell my team that I think is relevant here:If you are behind, copy.And if you are going to deviate from what has been demonstrated to work well, have a very good reason for it. This only applies when you are behind. When you are at the top of your game, that’s when you experiment like crazy… So for this talk, I’m going to take the stance of learning from the leaders—what do we KNOW does not work, and what do we KNOW works?Myth #1
  2. Since we all want to be part of the future, I’m focusing today on how to succeed at social fundraising. Meaning, what do we do to be EFFECTIVE at fundraising online in the world of social networking?I’ve organized around 3 myths and 3 musts… Lots of people have gone before in social fundraising, so the good news is that we don’t have to make the same mistakes, and we can learn from things that succeed. I’ve picked 3 in each category to help you get started, but here’s something I always tell my team that I think is relevant here:If you are behind, copy.And if you are going to deviate from what has been demonstrated to work well, have a very good reason for it. This only applies when you are behind. When you are at the top of your game, that’s when you experiment like crazy… So for this talk, I’m going to take the stance of learning from the leaders—what do we KNOW does not work, and what do we KNOW works?Myth #1
  3. Since we all want to be part of the future, I’m focusing today on how to succeed at social fundraising. Meaning, what do we do to be EFFECTIVE at fundraising online in the world of social networking?I’ve organized around 3 myths and 3 musts… Lots of people have gone before in social fundraising, so the good news is that we don’t have to make the same mistakes, and we can learn from things that succeed. I’ve picked 3 in each category to help you get started, but here’s something I always tell my team that I think is relevant here:If you are behind, copy.And if you are going to deviate from what has been demonstrated to work well, have a very good reason for it. This only applies when you are behind. When you are at the top of your game, that’s when you experiment like crazy… So for this talk, I’m going to take the stance of learning from the leaders—what do we KNOW does not work, and what do we KNOW works?Myth #1