Chad Norman's Webby Things : Raising Money

Power to Your Peeps! Why Real-time Fundraising with Twitter Works

Chad Norman — Tue, 26 May 2009 16:22:00 GMT

I dig speaking at nonprofit conferences and events, and one of my favorite topics to cover is the real-time use of social media. It's the perfect mix of emerging technologies, social media, communities, and the web - some of my favorite things.

The conversations inevitably get stymied around Twitter - which is no surprise, as every nonprofit is trying to figure out what the tool means for them. A channel for promoting your mission? A monitor for listening to chatter about your cause? A way to connect your org to your community? It's all of those things, but it's also something else: a real-time fundraising tool!

Raising money on Twitter is happening all the time. Beth Kanter stood on stage at Gnomedex and used Twitter to help raise $2,657 in 90 minutes. Last November, Tweetsgiving used Twitter to raise over $10,000 in 48 hours for a school in Tanzania. And just last month, I used Twitter to raise $350 in a couple hours to help send the NTEN staff out for a relaxing excursion. These examples show just some of the ways Twitter can enable real-time fundraising. Clearly it works...but why?

Tara Hunt calls it Whuffie. Chris Brogan calls it the Trust Economy. I call it the Deep Network. Real-time fundraising works because of social capital...because we tend to trust the people in our network. When an org sends an email, the open rate can be low - but when a person sends an email to friends, the open rate is 90%! This is because of trust, and works the same way with Twitter or any other people-based network. When we build up large, diverse networks consisting of supporters, friends, and peers, we are creating a bank of trust to draw upon when needed. When it comes time to ask your network for something, they will not need the time to interpret your motivation - because they know you and your org. And some will be ready to act...right then!

So use Twitter for listening, communicating, and promoting, but don't overlook the platform as a vehicle for real-time action. Build your network around mutual trust, a sense of community, and personal attention. If you've taken the time to cultivate a trusting, loyal, and engaged following, you should be able to turn that social capital into financial capital - and in a hurry if need be. After all, when you're among friends, it's never hard to ask!

How Much Are Your Webby Things Worth?

Chad Norman — Fri, 17 Apr 2009 11:29:00 GMT

The cost of keeping your cause on the web, whether it's online fundraising, social networking, or raising awareness, is hard to quantify. It's even harder to determine wheather these efforts are actually helping your organization, or just wasting valuable time. Blackbaud wants to help you find out!

Today is your last chance to participate in the "What is the monetary value of being online?" survey, which is part of the State of the Nonprofit Industry (SONI) program. Not only will you be helping the nonprofit industry, but you'll be entered to win one of three $100 Visa gift cards. You'll also receive a copy of the final report, and that's it - because not only will your information be kept confidential, it won't be used for sales purposes. The SONI team really just wants to help us all understand the value of being online!

Take the Internet value survey - What is the monetary value of being online?

The survey ends today at 5:00 p.m. ET, and the results will be released very soon. In the mean time, be sure to check out these other studies:

10 Reasons to Have a Nintendo Wii-a-thon

Chad Norman — Tue, 06 Mar 2007 21:22:00 GMT

Not necessary web-related...

Attention Junior Achievement chapters - this post is for you! Well, it's actually for everyone, but Junior Achievements are famous for their bowl-a-thons. These are great, interactive fundraising events that have proven successful for many years - but could they be better? So, I'm bowling on my Nintendo Wii the other night, and got to thinking about how easy, fun, and approachable the system is as a whole. Even my parents like it! Maybe this bowling game could be put to good use? How about a Wii-a-thon? Maybe this can actually compete with a real bowl-a-thon, but for certain organizations hosting a Wii-a-thon might appeal to a more youthful audience. This could increase participation, donations, and media awareness. Nobody is really doing this yet, so this might be a good opportunity to get noticed in your community. Here are ten reasons why a Wii-a-thon might be right for you:

Bowler's average scores are higher (more $$$).
You don't need an available bowling alley.
Participants can wear their own shoes.
Physically limited bowlers can participate.
Bowl-a-thons could span time and location.
There is no cost if you have access to a Wii.
Bowlers can rock & bowl to their own music.
Participants won't smell like a bowling alley when they get home.
Multiple locations could be used to increase participation.
Actual bowling is tired, Wii bowling is wired.

Happy bowling!