Showing posts with label crowdfunding. Show all posts
Showing posts with label crowdfunding. Show all posts

Tuesday, December 15, 2015

Marketing Pro Ranks GOP Hopefuls' Social Efforts

Social media branding is a must-have for today's presidential hopefuls, so how are the leading GOP contenders doing from a purely marketing standpoint? A recent MarketingProfs article by Jeremy Page, a network marketing blogger, provides one political outsider's ranking of the top six Republican presidential candidates based just on social media marketing performance. You may not agree with the rankings, but there are lessons worth gleaning. For example, Page puts Jeb Bush at the tail end of GOP contenders based on a lackluster social media presence (just 363,000 Twitter followers) and policy-oriented posts that create a persona without emotional resonance. Social media, especially Twitter, "isn't the place to be overly sensible and pragmatic," warns Page. Marco Rubio comes in fifth place with his strategy of keeping an uncontentious, low profile while building a social following (over 1 million Twitter followers). Page urges Rubio to do more to reinforce his brand as a "candidate of the people" with retweets and posts that leverage "your community for your social media content." Fourth place is awarded to long-shot Carly Fiorina for using social media to push a persona of openness, showcasing her willingness to answer questions via Q&As on niche, real-time streaming platforms like Periscope, for example. Ted Cruz gets a No. 3 position for an innovative digital strategy that stresses crowdfunding and gamification. Via Cruz Crowd, followers can recruit friends to join a personal Cruz Crowd donation page and then monitor money raised via Facebook and Twitter, plus earn game badges. With the competitive Cruz Crew app, players earn points based on actions to spread the word. Ben Carson is No. 2 thanks to his use of Facebook to leverage 4.6 million fans (compared with Hillary Clinton's 1.5 million and Trump's 3.8 million Facebook followers) via heartfelt long-form letters, plus polls and petitions to collect e-mail addresses. At the top of the heap is (no surprise) Donald Trump, who presents his tax plan on Periscope, hosts #AskTrump Q&As, and rallies fans on Facebook and Twitter with unfiltered "real" posts that keep him constantly in the media spotlight (for free). Page's takeaway: "Use social media to be controversial and troll the media." For more, see http://www.marketingprofs.com/articles/2015/29033/ranking-gop-presidential-candidates-according-to-digital-strategy

Tuesday, December 8, 2015

Social Media Still Lacks Political Fundraising Power

Political and nonprofit causes eager to leap into social media fundraising are likely headed for disappointment, according to NPR's All Tech Considered report on digital fundraising. The article cites a new Adobe study showing that, of 43 million visits to about two dozen nonprofit websites, three-quarters of visitors arrived via web search or by directly typing the url. Only 3% followed a social media link. A Red Cross 2014 survey delivered similar bad news for social fundraising: While online solicitation and engagement helped to influence giving, donors said they were more motivated by in-person requests, e-mails and direct mail. Social media is "useful because people are seeing your issue," Michael Ward, a principal at strategy firm M+R that publishes the Benchmark Study, a nonprofit industry guide to online fundraising and advocacy, explained in the NPR story. "But then to actually get them to divert that knowledge into a donation, it really takes other channels, such as e-mail marketing or even direct marketing, to close that loop." One reason social lags in gathering dollars is that when users are scrolling through a social site like Facebook, they are unlikely to click to an outside website, especially one asking for credit card info. However, digital fundraising experts see crowdfunding, based on financial appeals for small sums from friends instead of organizations, as a social approach with promise. In fact, Facebook recently facilitated crowdfunding donations with the rollout of new fundraiser pages, which allow a nonprofit to describe a specific campaign and collect donations directly through Facebook, and to promote the pages via ads and shared posts with donate buttons. Available to select nonprofits for the holidays, fundraiser page signups are set to expand in 2016. For more: http://www.npr.org/sections/alltechconsidered/2015/12/02/458008461/a-click-too-far-why-social-media-isnt-that-great-for-fundraising

Thursday, January 17, 2013

Crowdfunding Has Buzz, But Is It Right for You?

"Crowdfunding" is one of 2013's nonprofit buzzwords, yet it's a money-raising method that isn't suited to every nonprofit. Crowdfunding, as distinct from ordinary, ongoing fundraising efforts, means getting lots of small donors to contribute to a one-time effort to raise money for a specific project -- which is only feasible if you can reach big numbers at a very low cost. And that means going online with a promotional pledge-collecting and processing partner -- like Kickstarter, Indiegogo or Razoo. The platforms, which take a percent processing fee, have significant differences in costs and approach. Kickstarter has an all-or-nothing approach, for example: You have to reach a minimum pledge level or none of the pledges are collected. Indiegogo will let the nonprofit choose between the all-or-nothing method and keeping pledges even with a goal shortfall. For a great primer on crowdfunding, see the recent article by Steve Boland in "Nonprofit Quarterly" at http://www.nonprofitquarterly.org/management/21146-crowdfunding-101-a-comparative-look-at-kickstarter-indiegogo-and-razoo.html