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Just like any other fundraising campaign, you can adapt your peer-to-peer fundraising campaign to meet your needs.
Before you start rallying supporters, determine how you want your campaign to look. Will you tie your fundraiser to an event? Should your campaign be open-ended or within a set time frame?
Additionally, it’s imperative that you define your fundraising goals from the beginning. Keeping in mind the length of your campaign and your organization’s overarching fundraising strategy, you should determine an exact dollar amount you aim to bring in.
The right fundraising software is essential to any peer-to-peer campaign, as it makes it possible for your organization and your supporters to set up fundraising pages and collect donations.
There are a number of peer-to-peer platforms available, so make sure you find one that matches up with your goals and needs—and is well within your budget.
Your peer-to-peer campaign will encompass both your nonprofit’s main fundraising page and your fundraisers’ individual pages.
While you can help your supporters customize their pages to share why your cause is important to them, your organization is responsible for designing a main fundraising page that serves as the hub of your peer-to-peer campaign.
Add a compelling description, high-quality photos and videos, and as much information as you can about why your fundraising campaign is important. Don’t forget to provide event details if you’re hosting one alongside your campaign!
Since your supporters will be taking on much of the legwork for this campaign, you’ll need to make sure they’re well-equipped for the task at hand—bringing in donations and raising awareness for your cause!
Most of your P2P participants will likely be long-term supporters of your nonprofit, but it’s still important to educate them on your cause and provide them with materials to most effectively get the word out.
One of the best ways to help out your fundraisers is to supply them with social media and email templates to make it easy for them to share the campaign and ask for donations. No matter what you do, it’s important to stay an active part of your campaign—it is your fundraiser, after all!
There are a lot of moving parts that make a peer-to-peer campaign successful.
From individual progress, event participation, and overall fundraising momentum, you’ll need to track all the components of your campaign to ensure you accomplish your goals.
Your peer-to-peer platform should provide various reporting tools to help you measure your success at every stage of the game. Check in at least once a week to see what parts of your strategies are working well and which need to be adjusted.
Peer-to-peer fundraising is a strategy wherein organizations enable supporters to set up individual or team fundraising pages to solicit donations for the nonprofit’s cause.
The organization uses specialized fundraising software to equip their supporters with the tools to raise funds on their own, with all donations going back to the organization.
Both organizations and individuals can use online crowdfunding platforms to raise money within a set amount of time.
Anyone can set up a personal fundraising campaign for any project, cause, or need they choose. Fundraisers keep all the money they raise, minus any platform and payment processing fees.
Does our organization have the right resources to take on a peer-to-peer fundraising campaign?
Although peer-to-peer fundraising is a relatively inexpensive, simple fundraising method, your team will need to expend some resources to pull off a campaign.
If you’re hosting an event, designing merchandise, or creating marketing materials, you’ll also need to consider these costs.
Don’t forget to factor in the time and effort needed to conduct a successful peer-to-peer fundraising campaign, too. You’ll need to make sure your entire team is dedicated to all aspects of the campaign, even if you’re not the ones doing the direct fundraising.
Will our donors be responsive to a peer-to-peer fundraising campaign?
Peer-to-peer fundraising can work for all different types of organizations, but your campaign won’t get very far off the ground if your donors aren’t on board with your campaign.
Social fundraising relies on dedicated donors to carry the weight of your fundraising endeavors. To make sure you’re prepared for a successful peer-to-peer fundraising campaign, check in with your most involved donors or volunteers to see if they’d be interested in participating.
Will we plan an event alongside our campaign?
To make the most of your peer-to-peer fundraising campaign, you’ll likely want to plan an event to host in conjunction with your fundraiser.
Event-planning requires major forethought and consideration, so don’t wait until the last minute to start preparing. Your software may come with some built-in event management tools, such as registration, so make the most of those if possible.
For more about peer-to-peer fundraising events, jump to that section of the guide!
What peer-to-peer fundraising platform will we use?
Perhaps the most important question to ask before jumping into your P2P campaign—are you set up with the right tools for the job?
There are a number of peer-to-peer fundraising software providers, so do some careful research as you enter into the buying process. Not only should you consider the features of the platform, but also the costs, support, and user-friendliness as well.
Your platform should make it easy to create a campaign that’s entirely your own. From your goals to the look and feel of your fundraising page, your peer-to-peer campaign should reflect your nonprofit’s mission and brand.
Peer-to-peer fundraising campaigns are inherently social. Without the ability to quickly share individual campaign pages across social media, it would be significantly harder to spread awareness or encourage donations.
Peer-to-peer campaigns are unique in their ability to inspire fun competition among your supporters. Features like leaderboards, personal fundraising thermometers, and team pages can all enhance the excitement surrounding your cause.
With each donation, you’ll be collecting important donor data. When your peer-to-peer software integrates with your nonprofit CRM, all the information you gather will seamlessly flow into your donor database, no additional effort required.
How scalable is this platform?
You want your fundraising software to grow with your organization, and peer-to-peer fundraising software shouldn’t be an exception.
Make sure that your platform not only fits your fundraising needs now, but can continue to do so in the future. Search for software that can accommodate as many fundraisers as you anticipate for your current campaign, with room to grow for future peer-to-peer fundraising projects too.
Does this software fit our budget?
As with any software, a peer-to-peer fundraising platform may require some initial investment from your organization. That being the case, you’ll want to set a reasonable budget before you start shopping around.
While most platforms will cost an initial fee, watch out for other down-the-line expenses as well. Transaction fees, training costs, payment processing charges, and other fees may impact the total amount you spend on your software.
Will this platform help us track campaign progress?
Keeping up with your fundraising campaign is a task in and of itself, so make sure you find a platform that will help you manage your progress during and following your campaign.
Look for software with comprehensive reporting features that can help you track progress across a number of different metrics, including overall progress against your goal and individual success.
How secure is this platform?
Any time you accept online donations, security should be a top priority. With peer-to-peer fundraising, your donors will be sharing their fundraising pages with everyone they know, so you’ll need to make sure that your platform provides them all with a positive, secure giving experience.
Ask potential vendors about their payment processing solutions so that you can ensure they’re maintaining the highest standards of security and have tools in place to detect and prevent fraud.
What support or training will we need?
Some peer-to-peer fundraising software will be more user-friendly or easy-to-learn than others, so make sure you know what you’re getting yourself into before you make your final decision.
Ask to see a demo of the software to see what the user experience is like. Additionally, ask your vendor what training and support they offer should you encounter any learning curves or issues.
Peer-to-peer fundraising campaigns pair well with active, community-based events.
Since these fundraisers are so social, it’s important that your event is open and communal. Even better if it incorporates some friendly competition or teamwork—like the campaign itself!
Be creative with your event, but feel free to draw inspiration from one of our examples!