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Knowing Your Crowdfunding Options

March 1, 2017 By

Knowing Your Crowdfunding Options

Knowing Your Crowdfunding Options

When it comes to urgent, emergency fundraising, crowdfunding websites have become the hottest thing on the market today. Individuals and agencies are sometimes able to earn significant (sometimes enormous) amounts of money for pressing issues or tragic circumstances. Of course, crowdfunding campaigns can request money for almost any reason, from making a movie to moving cross country. We’ve compiled a list of the top 5 crowdfunding sites currently in use today.

GoFundMe

This site was one of the first big names in crowdfunding, and it has shown great staying power so far – those other sites are inching away bits of market share as they go along. The terms, conditions and fees are laid out so you know exactly what you will be paying out of the money raised, and there are no upfront costs. GoFundMe charges a total of 7.9%, plus $.30 for each payment made to your account.

Kickstarter

Kickstarter is best known for its business launching campaigns, where people from all over the world help launch ideas for music, movies and video games they want to see on the market. Kickstarter is a site used strictly for funding creative projects. This site has had some pretty phenomenal successes, and many businesses have gotten their start through Kickstarter. If a project is funded successfully, Kickstarter takes a 5% cut. The payment processing company takes another 3-5%, but there’s no “per payment” fee.

YouCaring

This site is dedicated to helping people with personal expense issues such as medical expenses, situations created by job loss, weddings, adoption expenses, et cetera. It seems to have been created as a direct competitor to GoFundMe – but what’s the difference? Well, YouCaring claims to be completely free for fundraisers to use. While donors are charged a 2.9% plus $.30 per transaction processing fee, those raising the funds pay out none of that money. In other words, the 5% fee that GoFundMe charges is not charged by YouCaring. Before starting a campaign on either, we encourage you to study both sites and read all of the fine print.

Fundable

What is Fundable? This one is relatively new on the crowdfunding scene, and is for entrepreneurs with big ideas! Campaigns on this site seek to connect entrepreneurs with interested investors. How much does it cost? Well, there’s no messing around with percentages on money earned here – using a platform on Fundable will cost you $179 per month. For “rewards-based raises” a 3.5% plus $.30 per payment fee is charged.

Indiegogo

Indiegogo is a crowdfunding platform for the arts and humanitarian efforts, with its primary competitor being Kickstarter. This site lets you customize your funding details, such as whether you want your campaign to be all or nothing in relation to the goal, or if you want more flexibility. So what’s the cost? It’s pretty standard, actually, at 5% of the amount raised, plus 3% for processing plus $.30 per payment.

Although these are some of the best known and most commonly used, there are countless crowdfunding options emerging on the market today. If you choose to use one, be sure to do your homework and read and read all of the terms and conditions, and remember that planning ahead and long-term fundraising campaigns are almost always a safer and more stable way to further your endeavor.

Filed Under: Blog Tagged With: Fundraiser, Fundraising, Good Clean Fundraising

Fundraising in the News: March 2017

March 1, 2017 By

Laundry detergent Fundraising in the News

Laundry detergent Fundraising in the News

When you work for a non-profit, it’s important to stay up to date on the latest news, events and trends in your industry. This week, we’ll be posting our first Fundraiser’s Update. We’ll feature pertinent news and success stories about fundraising campaigns you may have missed that will inspire you.

Muslim Community Raises $100,000 in One Day for Jewish Cemetery Repair

In mid-February, tragedy hit the St. Louis Jewish cemetery, Chesed Shel Emeth. Vandals toppled and damaged the gravestones on 180 graves. The Jewish community was stunned and horrified. Even though police are investigating and checking surveillance videos, no suspects have been arrested yet.

Using crowdfunding resource LaunchGood.com, Tarek El-Messidi of Celebrate Mercy and Linda Sarsour of MPower Change launched a campaign to help right this wrong for the Jewish Community. It was an amazing success, raising $20,000 in the first three hours. As of February 26th, the campaign has raised over $129,000 to re-set and repair the damaged grave stones. Any money left over, according to campaign leaders, will go to the growing security needs of the Jewish community.

“People in a cemetery should be able to rest in peace,” said Sarsour on MSNBC Wednesday during a talk with Andrea Mitchell. “I expected nothing less from my community, who has always been a generous community.”

This fundraising campaign is affecting change even beyond the repairs themselves. In fact, in a conversation with NBC News, El-Messidi said that more than 100 messages have been received. Many of those messages are from American Jews touched by the support of the Muslim Community.

Campaign Raises More Than $1 Million for Victims of Kansas Shooting

Last week’s shooting death of an Indian man has impacted people around the world – especially as it is alleged to have been a crime based solely the man’s ethnicity. A fundraising campaign has raised more than $650,000 for his wife and family. Srinivas Kuchibhotla was 32-years-old when he was struck down while out with his colleague, Alok Reddy Madasani. Madasani sustained treatable injuries; however, when onlooker Ian Grillot attempted to intervene, he was critically injured, and has since been receiving treatment. A man by the name of Adam Wade Purinton was later arrested for the crime in Missouri.

While the survivors heal and a wife buries her husband, the international community has come together to donate to help with burial costs and the survivors’ needs. GoFundMe was the platform of choice for these campaigns. As of February 26th, Ian Grillot’s campaign has raised more than $379,000; one account for the deceased had raised $619,000 by that time. The exact amount raised in total by the victims is hard to total, as several accounts have been started in their honor. One thing is certain, though – the GoFundMe campaigns are showing the victims and their families that people do care, while easing the financial burdens of burial and medical treatment.

With these and other, similar fundraising stories making the rounds, it’s comforting to know that when tragedy strikes, people both in our country and worldwide are banding together to show their support. Most interesting to non-profits is the fact that crowdfunding sites seem to be the main way through which this support is shown. The way that people give has changed, but the willingness of people to support others clearly has not.

Filed Under: Blog Tagged With: Fundraiser, Fundraising

Why Good Clean Fundraising Is a Great Choice

February 14, 2017 By

Why Good Clean Fundraising Is a Great Choice

Here at Good Clean Fundraising, we believe in the many great causes that our non-profit customers further with their efforts. That’s why we love what we do, and we truly believe that for many non-profits and in many circumstances, Good Clean Fundraising is the best fundraising campaign choice. To that end, we’ve decided to use this blog entry to talk about why Good Clean Fundraising laundry detergent is a great choice, and how it can help your non-profit reach your fundraising goals.

One of the most important things to consider when choosing a fundraising campaign is this: is the campaign product a want or a need for your potential supporters? Many fundraisers feature items that are primarily in the “want” category – delicious cookies and cakes, pretty candles, et cetera. While many of these fundraisers can be effective in raising money, their success is by its nature dependent on a lot of outside factors. These include your supporters current use for these items, which can be dependent on season. Another factor is the amount of spending money your supporters have – they have to weigh their desire to support your organization against their desire not to spend money on something they don’t need.

That’s why Good Clean Fundraising offers a fundraising campaign that features products that are value-priced necessities – something that everyone needs, at a price that will actually save your supporters money while raising money for your organization. It’s a great, common sense approach to raising funds that fundraising professionals and your supporters can both feel good about. So how does it work?

It works because, through Good Clean Fundraising, your team can offer high-quality laundry detergent in bulk 5 gallon buckets. Our laundry detergent is some of the best on the market, made by a private label. When purchased as part of the campaign, your supporters will save around 50% over the cost of laundry detergent at regular retail prices. In addition, we’re so sure your supporters will love our laundry detergent that we offer a 100% money back guarantee – something nearly unheard of in the fundraising industry.

You have a lot of options when choosing a fundraising campaign. Not every product will be the right one for every campaign. However, when you add Good Clean Fundraising’s value-priced laundry detergent to your non-profit’s arsenal, you can rest easy knowing that you have a necessity item that actually makes sense for you and the people who support what you do. In addition to that valuable aspect, we also offer comprehensive support for you and your team. We offer customized order forms, great selling tips and tricks as well as help in launching an effective social media campaign to boost sales. We’re proud of what we do, and we can’t wait to help your non-profit reach bigger goals than ever before.

Filed Under: Blog Tagged With: Fundraiser, Fundraising, Good Clean Fundraising

Donor Retention: The Key to Non-Profit Success That Lasts

February 14, 2017 By

Detergent fundraiserWhen it comes to business, we’ve all heard the old adage that it costs far less to keep existing customers than it does to get new ones. Studies have shown that it’s true. In fact, according to an article by Forbes, a surprising 82% of companies agree that it’s cheaper to retain the customer base they have than execute the campaigns needed to draw in new customers. This is a vital concept for businesses in every industry, but this philosophy can also be applied to non-profit organizations. When you focus on building strong relationships with the supporters you already have, you can increase the donations from your existing donors and grow your donor base organically.

Fundraising is a continuous challenge for nearly every non-profit; while what you want most is to focus on your end goal, you have to keep a constant eye on maintaining the funds you need to get there. As you move forward and gradually gain loyal supporters, one of the most important things you can do, in keeping with philosophy above, is to keep those same supporters with you year after year.

How do you retain and strengthen your relationship with existing supporters? The first step is one that’s often overlooked: keep good records. From your very first fundraiser, keep close track of basic information about your supporters. Names, phone numbers, physical addresses, email addresses – while you never want to seem like you’re invading your donor’s privacy, you want to get as much information as your donors are comfortable giving.

When your fundraiser is over, use that information wisely. For supporters that purchased from you or gave a donation, consider sending a thank you note. No frills, no request for additional funds, just a simple note to tell them that you appreciate their support and are grateful. Use this opportunity to tell them exactly what you’re doing, and the progress that you made. For instance, if you were fundraising for a local junior girl’s softball team, the note could say: “Thank you for your recent support of our junior girl’s softball team. The fundraiser was a success! Thanks to you, we’ll now be able to afford new uniforms for every girl! In addition, every girl will now be able to participate in the upcoming state championship. Again, we appreciate your support. We’ll be sure to send updates as the year goes on.”

This simple gesture will cost your non-profit very little, just the cost of a note and some postage – or nothing at all, if you send it out via email – but what will it accomplish? As it turns out, it will accomplish several things, and all of them will benefit your organization. First, it expresses gratitude, something which often seems to be in short supply today. Most people enjoy giving to a good cause, and they feel even better about it if they know it’s appreciated, and that it makes a difference. That’s why you tell update them on how the fundraiser went, and exactly what you will be doing with the money.

Updating them about where the money is going, and keeping them updated about your organization throughout the year, makes them feel like an important part of your organization. After all, you couldn’t do what you do without your supporters. When donors and supporters feel like a part of your organization, and are reminded throughout the year of its importance, they are more likely to remain loyal fundraising supporters next year and every year after. On top of that, they are more likely to tell their friends and family members about your great cause – and to possibly volunteer to work with your agency in the future. It’s a win-win for non-profits and donors alike.

Filed Under: Blog Tagged With: Fundraiser, Fundraising

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