Social Media and the Future of Fundraising

So back in January I began writing my whitepaper on social media and its presence in the fundraising world. Now, as of March 4th, 2015, I have officially given myself enough time to look it over, double check my work, and publish it for the world to see.

And by world, I mean about 23 people.

Kidding, of course. I’ve already had that many people reach out to me via Twitter and either commend the research or thank me for publishing the paper and making others aware of the tragic decline of fundraising as we know it.

One point in the paper I thoroughly enjoyed writing (aside from the abstract – who doesn’t like to write that?), had to be the Navigating to a Solution section. Take a read:

Developing a greater social media presence becomes the only option available for fundraising organizations. Throughout the next decade, fundraising will drastically change due to this rise in a millennial audience. For example, there has been more innovation in technology in the past 10 years than at any point in history, and it all began with word processors on 64K IBMs instead of typewriters. Social media will have an incredible impact on the fundraising industry, due to the fact that it cultivates a whole new genre of online giving.

Connecting the beginning of word processors to the innovation of the typewriter seemed to be the perfect ploy to draw readers further into my web of fundraising conspiracy. Well, conspiracy backed up by research, that is!

It’s true though. Social media gives us a whole new avenue for increasing personable giving to charities and academic institutions. Just imagine where the millennial generation will take us in the next decade, if in the past 10 years we have seen technology soar higher than ever before.

Feel free to check out the white paper here, and give me some feedback or your thoughts on what I discuss!

 

A few thoughts and a shameless plug! Enjoy.

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The Financial Lives of the Poets

finlivesI’m reading this great book recommended to me by a friend. It’s called The Financial Lives of the Poets, by Jess Walter. It discusses the life of a small-time reporter who turns failed entrepreneur when his website devoted to financial journalism plummets.

But that’s when he discovers the best plan yet – to team up with two drug dealers and begin a life similar to that of AMC’s Breaking Bad. While not necessarily filled with the same bloody drama as Walter White’s life in Breaking Bad, Jess Walter paints a brilliant masterpiece in this 300-page novel. To quote Walter, “[what] turns out to be the hardest thing to live with [is] the realization that the edge is so close to where we live.” That alone gives me enough curiosity to keep reading.

(Check out the listing on   and get your own copy!)

Personally, I believe that the book gives a fair glimpse into the mind of an entrepreneur: how we see money, responsibility, and opportunity, and what we would do to seize the right moment. Read this to be inspired – you definitely won’t be disappointed.

Let me know what you think.

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Identifying the Average Consultant

Okay, so this is actually really cool. I recently conducted an anonymous survey across several online entrepreneur communities and was able to record quality responses from 23 consultants in varying industries – all of whom are currently entrepreneurs.

I figured that I’d share the results with you guys since they provide some interesting insight on entrepreneurs in the consulting industry.

1. What is your highest level of education?

The majority of those surveyed had completed their bachelors degree, while there was 1 MBA candidate, which I found interesting.

 

2. Which industry do you primarily serve?

Since I was addressing entrepreneur communities, it made sense that the most common industries served were startups and small businesses. But I also found it interesting that entrepreneurs were getting into independent consulting for corporate / fortune companies. Go entrepreneurs!

 

3. How many years have you been consulting?

As for myself, I fall under the 4 – 6 years category, but it’s great to know that the industry is so balanced. The wave of new consultants will help strengthen this industry and provide better service across the board.

 

4. Do you hold any professional certifications?

I found this the most interesting. While I currently hold professional certifications in the ‘Other’ category, the number of consultants who don’t possess any certification is thought provoking. Are these individuals trustworthy? Do you have faith in them to help your startup?

I find that this is what makes the barrier to entry so complicated. The consulting industry is full of people who are willing to extend their knowledge, but not many of them can back it up or verify their abilities through reliable means. Surely those with Six Sigma, CPAs, CMCs, and so forth have it easier, but for those just starting out or others (like myself) it becomes a real name-game and who you know.

If you have any questions about this survey, please feel free to contact me. You can view the live response page here: http://goo.gl/xKMDbE.

 

Wishing you the best.

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