Raising funds for a political campaign is not always without challenges. Sometimes, it may be about missing out on the right prospect or donors. In other cases, the problem could hinge on heavy demands on scarce resources. But rather than allowing all these issues to deter you, you can safely look to your inner circle – to come to your rescue. This is where the peer-to-peer fundraising model can be precious to your political campaign.
Peer-To-Peer Fundraising: A Good Complement
The peer-to-peer model, in other words social or team fundraising model will serve as a viable complement to your fundraising drive. P2P fundraising may not be a means to an end, but it will add some weight to the entire process. It can be used along with other fundraising mechanisms for more profound impacts.
You should, therefore, commit time and effort to building your fundraising team. Reaching out to your P2P fundraisers and urging them to convince their peers should be an excellent way to start. You must impress your political ambition, policies, vision, etc. on them.
Advantages of Incorporating P2P Ideas Into Your Political Fundraising Campaign
The significance of P2P fundraising has been well-established across different facets. However, as far as this article is concerned, we would like to stress its advantages in the terrain of a political campaign.
1. Increased Awareness
The P2P concept basically involves making the most of vast networks. You have an individual talking about your political fundraising campaign to his/her peers – who may tell others also. This brings about the creation of a multilayer communication framework that assures increased awareness.
In view of the foregoing, you do not have to overspend on advertisements. A couple of committed volunteers is all that you need to get the message out to people. Once you have adequately equipped them with the required information, you can expect them to bring in the goods. So, you can expect to have a lot of traffic on your posts as it concerns the fundraising drive.
2. Increased Probability Of Getting More Donations
The chances of getting more donations to run your political campaign are based on increased awareness. The P2P model can help address most political aspirants’ struggles when raising funds. You can assure that donors will be willing to commit to the cause once they find your vision convincing.
Broadly speaking, donors can give in a recurring manner when you adopt the P2P concept. This is what you get from working together [as a team] towards a common goal. Indirectly, it will inspire you to keep going to the end of bringing your vision to reality.
3. Recruitment Of New Fundraisers
Another advantage that anyone running for a political office can get from adopting the P2P concept borders on the recruitment of new fundraisers. This is primarily down to the influence of your fundraisers on their peers. Through them (that is, your fundraisers), it will be easier to convince others to join the drive.
In turn, you will have a pool of resources to draw from and watch your fundraising thrive well. You should, however, not limit it to fundraising alone, as you can also use other aspects. You should create an opening for people to join as volunteers, especially if you are yet to have a strong (volunteer) base. So, if they won’t be able to give money, they can spare some time to advance your cause.
Avenues To Explore The P2P For Political Fundraising
In this section, we will be dwelling on some instances where the P2P model can be used to boost the fundraising outcome.
1. Online Donations
Online giving channels are highly effective for fundraising these days. Churches, charity organizations, and so on have employed them as they look to raise funds for various projects. The major advantage of this form of giving lies in its convenience and promptness. Donors can easily send their donations without any hassle or issue.
You can request that your supporters/followers share the news about the availability of online donations with their peer groups. The donors will be more likely to give to the cause if they know such a modality is in place. Nonetheless, your P2P fundraisers must let them know the motive behind the fundraising drive.
2. Email Fundraising Campaign
The P2P concept will also serve well when it comes to email fundraising campaigns. It’s cool to have an email subscription form on your campaign website, but you can get more with committed supporters. They can take your email fundraising campaign to a level you might not have even imagined.
How [you may ask]? It is down to them directly asking for the email addresses of those within their social sphere. However, they will get to share a brief about the project with their peers. After that, you can work with the database to send specific/detailed emails – with donation links – to the people whose email addresses you have.
3. Community Rallies
Community rallies are also worth considering when going on a political fundraising campaign. One may be tempted to conclude that it is something such as this (community rally) that the P2P model was designed for. This is a function of the increased/positive influence of your supporters.
For instance, volunteers within a specific community can easily muster support within their locale. The higher number of volunteers could mean you can reach as many communities as possible. This will help your campaign, especially if the desired political office covers a large area. In summary, your fundraising rally will flow smoother when you implement the P2P model.
You might not have really thought about the relevance of the P2P model to your political campaign, but there should be a reconsideration now. It is not too late to review your strategy and get your volunteers more involved. P2P presents a fruitful path to your claim of the office you so seek.
They can share your fundraising campaign using word-of-mouth or their social media handles. All you have to ensure is the provision of templates and other necessary resources.