Submitted by Annaliese on Wed, 02/13/2008 - 2:33pm
bigmouthmediaI've heard a lot of buzz today about the apparent bursting of the social media bubble for campaign purposes.
Just as I was forming my own thoughts around this, coming up with the example of Barack Obama's grassroots online fundraising success, I came across this article in Slate, which also points to the Obama campaign as an example of success.
The article refers to the recent Case Foundation fundraising contests (which we've blogged about here), skeptically asserting:
"The amounts involved show that Case understands these endeavors are more social experiment than nonprofit sweepstakes. Sure, prizes of $50,000 matter for the winning organizations, as do the overall dollars raised... But the denominations of the donations remain small, and it's not clear that one-off contests will lead to more. Any fund-raising professional knows that most nonprofit organizations secure the bulk of their money from a relatively small number of large contributions, either from wealthy individuals or institutional sources. Those gifts demand personal cultivation, and an online nudge doesn't usually do it."
But what about Barack Obama's stunning fundraising model of reaching out to many online donors online, asking them to contribute small amounts?