Showing posts with label online fundraising. Show all posts
Showing posts with label online fundraising. Show all posts

Tuesday, December 29, 2015

Campaigns Must Arm to Win the 2016 Digital Race

Campaigns and causes will be competing on a digital battlefield as never before in the 2016 elections. A recent MediaPost.com article by Mike Werch, marketing manager of SocialCode, offered eight key digital strategies to boost message impact, expand voter base and capture donations. Werch advises: 1) target unaffiliated voters by serving digital ads to lookalikes, people with the same interests and behaviors as those in the voter, donor or e-mail subscriber files; 2) recapture donors with digital remarketing (use of Website Custom Audiences) to target people who visit a donation page but fail to donate; 3) apply digital insights across channels, using the creative test results of digital video to hone TV or print ads, for example; 4) improve primary audience response with digital geo-targeting, testing geo-targeted digital video to perfect expensive local TV ads, for example; 5) segment audiences for more digital leverage, using Facebook's rich user data, for example, to deploy ads relevant to targets' demographics, behaviors and interests; 6) do a local-interest digital campaign in an area before hitting the pavement, and follow up with conversion-focused ads to build mailing lists; 7) do digital "get out the vote" campaigning, messaging politically inactive Facebook users who also match political affinity targeting as an example; 8) test 2016's new and improved ad options for political campaigning, such as Facebook's lead ads for mobile sign-ups and conversions with pre-filled forms. For more detail, read http://www.mediapost.com/publications/article/264971/how-2016-presidential-candidates-can-win-the-digit.html

Tuesday, November 17, 2015

Campaigns Fueled by Varied Funding Burn Rates

Campaign fundraisers face a balancing act when it comes to "burn rate"--the proportion of cash intake to cash outlay in the same time period. Too high and they risk coming up short later; too low and they fail to invest enough for future success. Here are a few benchmarks from current presidential campaigns courtesy of a recent article by The Atlantic magazine. Ben Carson's fundraising raked in an impressive $20.8 million in the third quarter, but he spent 69% of it on efforts to raise more money, relying heavily on traditional direct mail and telemarketing, which have the advantage of growing grassroots support but the disadvantage of being more expensive than digital channels. Democratic front runner Hillary Clinton had an even higher 86% burn rate, but she spent mainly on media buys, payroll and online advertising--outlay aimed at campaign infrastructure and future viability. In contrast to both Carson and Clinton, socialist Bernie Sanders is frugal, with a burn rate under 45%. He spent mainly on digital consulting and advertising, relying on ActBlue, an online platform for donations to liberal causes, for fundraising. ActBlue is a tool that gets donors by "gamifying" giving at low cost (less than 4% commission). Unfortunately for Carson and other GOP candidates like Ted Cruz, who also has a high burn rate per the article, there isn't a Republican equivalent for online donations. For more, especially about Carson's strategy, read http://www.theatlantic.com/politics/archive/2015/10/where-is-ben-carsons-money-going/410839/

Tuesday, October 13, 2015

Tips on Online Fundraising for Political Rookies

For rookie political campaigns, online fundraising can be daunting, appearing to require digital expertise in everything from website building to #cashtags and online video. But even those "starting from scratch" can succeed reassures a recent Campaigns & Elections magazine article by Laura Packard, partner in the Democratic digital strategy firm PowerThru Consulting. Packard ironically begins by warning neophyte fundraisers against rushing into the arms of an expensive digital consultant, especially one who offers to raise big bucks without a proven donor list. Instead, she suggests less costly basic steps to an online fundraising base. Start by being realistic about online fundraising goals, she advises. Direct mail, phone campaigns and big-donor meetings will bring in the bulk of donations; a digital effort is a valuable tool but a supplemental one. And while social media generates lots of buzz, the workhorse of online fundraising is still e-mail. So, Step No. 2 is to find a good Customer Relationship Management (CRM) platform to handle your e-mail deployment and response, ranging from small-file options like Constant Contact to NGP VAN used by most Democratic campaigns. Bottom line: Don't use a personal e-mail account that not only appears unprofessional but lacks good deliverability and response tracking. Third, build a decent website with a prominent e-mail sign-up and a way for potential donors to give via credit card. Website-building doesn't have to be expensive either; domain registration sites offer cheap/free tools to create web pages that are good enough for start-up. Finally, and most important, build that e-mail list; the bigger the list, the more money you can raise! For her suggestions on CRM options and list-building, go to http://www.campaignsandelections.com/campaign-insider/2544/starting-from-scratch-here-s-how-to-hit-your-online-fundraising-goal