Chad Norman's Webby Things : online giving

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:

Online Giving Smackdown :: A Very Special Baudcast

Chad Norman — Thu, 26 Mar 2009 19:18:00 GMT

When Target Analytics released its 2008 donorCentrics Internet Giving Benchmarking Analysis, the sector responded with keen interest. The study is packed with insightful nuggets, but one trend is capturing everyone's attention (including The New York Times): First time online donors are often migrating to other channels, like direct mail. Yikes!

Will online giving, with it's higher average gift and youthful appeal, prove not to be the silver bullet everyone thought? The blogosphere and Twitter lit up looking for an answer, but I really liked this post on The Agitator: is online fundraising Too Important for Techies?

We decided to dig into the issue on episode 24 of The Baudcast (iTunes | direct), so key players were invited on the show for an epic online giving battle (or at least a lively conversation). Joining me was Roger Craver (founder of The Agitator and Craver, Mathews, Smith & Company), Hildy Gottlieb (president of The Community Driven Institute and author of The Pollyanna Principles), and Rob Harris (co-author of the 2008 donorCentrics Internet Giving Benchmarking report). I had a great Blackbaud crew on hand as well: Steve MacLaughlin, Allison Van Diest, and Melanie Mathos.

The conversation was GREAT to say the least, as both Roger and Hildy blew us away with their understanding of multi-channel integrated campaigns. Steve posted some quotes from the show over on Connections, and we were all live tweeting comments during the call. Near the end of the conversation, I asked the panel what nonprofits could do tomorrow to better integrate and support online fundraising efforts...here are the responses:

Have a strategy that goes beyond fundraising. A good strategy should start with what your organization wants to accomplish, who you want to reach, and where those people are - then decide on the channels and tools.
Find other organizations that are doing multi-channel communications well, and copy them.
Listen carefully to what people are saying on blogs and social networking sites. Then use these feedback mechanisms to solicit information from your audience. Testing should used online as much as it is with direct mail - because it works.
Invest in good copy. Not just a good writer, but looking at your audience and what drives them. Then craft a message based on that.
Use your online channel to improve stewardship and increase the value of your donors.
Leadership is needed at an organization to break down the silos between the direct mail, email, and phone-a-thon teams. An integrated campaign is a successful campaign.

There you have it. Hear the rest on The Baudcast: (iTunes | direct)