TA-Area
THIS SPACE IS WHERE TECHNICAL ADVISORS FIND ALL THE RELEVANT INFORMATION FOR THEIR ASSIGNMENTS.
THIS SPACE IS WHERE TECHNICAL ADVISORS FIND ALL THE RELEVANT INFORMATION FOR THEIR ASSIGNMENTS.
Individual giving is an important source of income for organisations of all sizes.
Contributions from individuals can be made monetarily, in-kind or by volunteering in your organisation with their time, knowledge or social recognition to carrying the cause forward in society. Donations can be made once or on a regular basis (through memberships, sponsorships, payroll giving etc.). Some individuals may even leave a legacy in their will.
There are a number of strategies and communication channels which you can use to raise funds from individuals. Some organisations use a range of methods to raise funds from individuals, while others just focus on one or two. It’s a good idea to consider the time and money you will spend on each method versus the income generated to check how effective it is.
Potential ways to raise funds from individuals include:
When fundraising from individuals, balance your time, energy and budget between communicating with the different audience types of warm, lapsed and cold donors and contacts.
An organisation‘s ‘warm contacts’ are people who have opted into communication with your organisation, but have never donated. These could be newsletter subscribers, Facebook page likers, Instagram and Twitter followers, service users or event attendees. An Individual Giving fundraiser has a far better chance of receiving a donation from these people, than from people with no connection whatsoever to the charity.
You can use the following marketing channels to generate donations irrespective of the audience type:
Additionally, there are some special ways of how you can get the attention of the ‘cold’ audience:
No matter what channel, always be mindful of the existing regulations with regards to marketing and data protection.
Crowdfunding is a fundraising method that lets individuals raise money for projects, expenses, or events by reaching out to others. Fundraisers set up online crowdfunding pages and promote those pages in their communication channels (social media, website, email).
Crowdfunding allows you to raise money quickly and relatively cost-effectively. When promoted widely via social media, email, and word of mouth a crowdfunding campaign has the potential to reach a vast audience. Moreover, crowdfunding campaigns can not only raise money but also raise awareness.
Be aware that crowdfunding platforms charge a commission fee that is deducted from the donations. Therefore, some organisations prefer to set up individual crowdfunding campaigns on their own websites, using their own payment options.
Some platform options are:
The most important part of a campaign is promotion. Success can only be made when you get the word out via social media, email, and even word of mouth and if your audience helps you share it. You can create a social media campaign to support your crowdfunding campaign, featuring for example 5 to 7 social media posts a week and two emails. Keep in mind that content needs to be relevant so that your audience remains interested.
Once the donations start coming in, you get to collect what you’ve earned. Some platforms give you the funds immediately, while others wait until your campaign is over. Also, don’t forget to thank your donors and use this as an opportunity for getting them more engaged in your organisation.