Did you know that over 90% of the nonprofits in the world use at least one social networking site? If you tie that to the fact that almost half the American population uses Facebook you quickly start to see that social media is taking over the nonprofit world (just like it's doing in the business world).
Knowing that nonprofit supporters around the world have been adopting the use of social networking in their daily lives we set out to figure out if the use of social networks had any impact on social fundraising.
The results we’re pretty amazing (though arguably not shocking if you've been paying attention to the growth of social media).
We found that participants who use social networking tools like Facebook, Twitter and YouTube communicate with their networks more regularly and send more messages. This resulted in increased fundraising results by up to 40%.
So, how does the use of social networks have such a significant impact on fundraising? Here are a few points to consider:
As you’ll see below and in the full research report or Social Fundraising INFOGRAPHIC using social networking tools has a significant impact on fundraising success, but a relatively small portion, slightly over 50%, take advantage of the opportunity.
Twitter users set higher fundraising goals and raised more money. In fact, Twitter users increased their personal fundraising goals by at least three times more and raised nearly 10 times more online than their peers who did not use Twitter.
Supporters who achieve the strongest fundraising success combine multiple social media tools (along with email and in person connections) in their communication efforts.
Overall, participants that adopted integrated social media tools increased their fundraising by as much as 40% compared to their peers who weren’t using the available online tools.
Here are four social tools you should be thinking about to help make your supporters more successful fundraisers:
Facebook - Allowing your participants to synch their Facebook account directly from their personal fundraising headquarters allows them to update their current fundraising goal to friends, family and colleagues and provides a direct link back to their personal fundraising page. This one is all about simplicity…sure, anyone can update their Facebook status with a link to their personal fundraising page, but if you’re offering your participants a way to do it that’s integrated with their fundraising headquarters, you’ll see more participants sending more messages…and in turn raising more money.
Twitter - 140 characters isn’t a lot of real estate, but if event managers allowed participants to link their Twitter account to their personal fundraising page, those participants could engage their Twitter network with fundraising updates and a link back to their page so people can donate. Again this is about simplicity- anyone can update Twitter, but allowing participants to do it directly from their headquarters is easier on them and will get your message out to their network,
YouTube - A picture is worth a thousand words, right? Well how many words is a video worth? While a static image can help your participant personalize their fundraising page, just think what a video could do. A personal message directly from your participant about why your cause is so important to them will help them achieve their goals. Help your event participants understand the power of a video appeal and even provide a script they can use to record their own!
ShareThis - While the three social tools mentioned above are the baseline, what happens when you want to give your participants access to other social networks like StumbleUpon®, Digg®, and Yahoo!®? The easiest way is to add the ShareThis button to your participant’s personal fundraising page, that way they can share their passion for your organization with anyone, anywhere they have an account. Give your event participants an idea of how to use social media more effectively and throw in some out-of-the-box ideas to help them get started.
Check out the below social fundraising INFOGRAPHIC. You’ll learn a bit about the industry’s growth, what drives the fundraising success and the power of Social Fundraising.
Big shout out to Shane Snow for his work on this!
So, How is your organization harnessing the power of the social web by empowering your supporters to take part inpeer-to-peer fundraising activities?