A Step-by-Step Guide to Creating a Foolproof Fundraising Plan
A well-built house starts with a thoughtfully drawn blueprint. Crowdfunding is just the same. A thoroughly prepared fundraiser will result in a more powerful fundraiser. Developing a road map for your fundraiser will help you maneuver around any unforeseen obstacles. We have outlined some key components to consider when creating your fundraising plan.
What is a fundraising plan?
Are you prepared to make a positive difference? A fundraising plan is the key to raising funds for yourself, your cause, or your non-profit organization. A fundraising plan is a meticulously crafted strategy that maps out your objectives, target audience, messaging, and steps to achieve your fundraising goals.
Whether you aim to cover medical expenses, initiate a community project, or support a cause that resonates with you, your objectives serve as your North Star. It’s important to remember that fundraising is all about reaching out to individuals who share your passion and are eager to make a positive impact.
Why create a fundraising plan?
A fundraising plan is essential as it clarifies your goals and strategy to achieve them. Understanding your target audience and identifying the people most likely to support your cause is crucial. Your plan enables you to create a compelling story that touches people’s hearts and inspires them to join your mission.
It also helps you share your passion effectively. With a well-thought-out plan, you can determine the best place to launch your fundraiser and increase your chances of success. Crowdfunding through GoFundMe can be the perfect platform to launch your fundraiser and execute your fundraising plan.
A step-by-step guide to a successful fundraiser
1. Observing other fundraisers
Before jumping headfirst into your fundraiser plan:
- Take a step back and observe what other fundraisers like yours are doing to be successful.
- Take some time to browse through and make note of the things that are working for them and those that aren’t.
- Look for strategies you can use, such as what types of fundraising events raise both donations and awareness or how fundraisers use social media to enhance their fundraisers.
2. Setting a goal
During planning, you must decide how much you intend to raise for the fundraiser’s beneficiary. This amount will come from careful consideration of what the fundraiser’s money will be used for and anticipation of their needs. When raising money for a family member’s medical treatment, calculate the exact costs of transportation, treatment, and medication, and this will give you a clear idea of how much you need to raise.
3. Branding
First, it is essential to consider how your fundraiser is going to be received by potential donors and how you’ll connect with them. There are several ways to brand your fundraiser. For instance, developing a hashtag that you include in all social media posts, from Instagram to TikTok, makes it easier for donors to track your progress and add to the conversation. Another way to customize your fundraiser is to create a short URL, making your fundraiser easy to share via text and WhatsApp.
4. Social media
Social media engagement will take your fundraiser to the next level. Take note that social media engagement requires consistency, which means creating content, replying to comments, and interacting with other similar fundraisers or communities daily. Facebook is an essential platform every fundraiser organizer should take advantage of.
According to a report by Statista, Facebook has almost 3 billion monthly active users, making it a large pool of potential donors you can tap into. Sharing your fundraiser on Facebook is a must while creating a Facebook page in addition to your fundraiser will help boost the number of people who see your story and help you stay in touch with your supporters. See our blogs on Facebook fundraising and social media fundraising tips for great tips.
5. Visual content
When promoting your fundraiser, using quality photos or videos is essential. Sometimes, photos don’t turn out how we want them to. But, by tweaking some lighting and enhancing the clarity through software like Canva or Photoshop, your image may have the eye-catching potential you seek.
We found that donors enjoy multiple images, so try picking a handful of good images to make your fundraiser stand out. Producing a quick but memorable video about your cause can help illustrate your story. For more details, see our posts on image fundraising tips and video fundraising tips.
6. Reaching out to influencers
Another important step in your fundraising plan is to list people who maintain a powerful influence. It can vary from friends with a significant social media following to other community leaders interested in your cause that can help you reach your fundraising goals.
When contacting influencers and potential donors, initiating a conversation is often more effective than directly asking for money or assistance. Engage in a conversation about the topic to allow them to consider and develop a passion for your fundraiser. These individuals will be crucial in spreading the word about your fundraiser after it launches.
7. Pre-launch
You want to create some buzz before unveiling your fundraiser so that you will already have a pool of devoted supporters when it does go live. This step in the fundraising plan is where your outreach to influencers will come into play. Email your supporters, summarizing your fundraiser plans a week or two before it kicks off and ask for their help. It’s a good idea to start teasing it on Instagram and TikTok, too.
Executing your fundraising plan
A careful, strategic approach can help ensure a successful fundraiser. Customize and launch your own fundraiser today.