Peer to Peer Fundraising
Peer-to-Peer fundraising is a powerful force. Many different fundraising events use the peer-to-peer model as a useful result. This article will explain what peer-to-peer fundraising is and the benefits of it.
What Is It?
Peer-to-peer fundraising is sometimes called social fundraising or for short, p2p fundraising. Peer-to-peer fundraising is an extensive form of crowdfunding. People who participate in peer-to-peer fundraising raise funds on their behalf. The fundraising model uses people who you know as a source of funds. It begins with you advocating for an organization or a specific cause and creating a profile where people can donate. Although people are donating to an organization based on a connection they have with you, the money goes towards the organization you are advocating for. You act as a middle man for organizations to better reach out to audiences and make connections. There are different ways to establish a peer-to-peer fundraising event. Birthday parties are an effective way of peer-to-peer fundraising. Any celebration for an individual is a great way to begin. Campaigns are a form of peer-to-peer fundraising that has a limited time to raise funds. Another peer-to-peer event is an activity. Activities such as a race or walkathon where people need to buy-in to participate.
How Is It Beneficial?
Peer-to-peer fundraising has many benefits. Peer-to-peer fundraising introduces people to your cause that otherwise would have had no interest in it. Create individual social profiles for your advocates of your cause. These profiles will be where people can donate and learn more about your organization. By personalizing the experience of donating people are more involved with the process. The donation is more than a monetary value to a good cause. The donor feels connected to the advocate and the cause creating lasting relationships and longer outreach. People are more likely to donate to a cause that a close relative or friend feels strongly about. Creating an information page on the details of your cause is extremely beneficial. This site allows people to learn more about your cause and direct other people to it for reference. Peer-to-peer fundraising uses limited resources to be the most efficient. By using people who are passionate about the cause, you can ideally use them as advocates for little to no cost in the startup. Overall, peer-to-peer fundraising is a great way to extend your outreach to people and get them personally involved in your cause.