Universities and colleges cannot depend on government subsidies and their student tuition fees alone to fund their operations. These institutions constantly need to develop the quality of their education and research, to maintain some things and/or to expand, all of these require substantial amounts of money. So Deans and Vice Chancellors are faced with the task of diversifying their institution s source of funding to keep them running efficiently. Organize unique fundraising events have been proven to work, but it is not an easy task to do.
Some organizations that need donations from the public have adopted the use of new technologies to make things easier for people who want to donate. An example is Amazon, it uses data analytics and statistics to improve their customer experience. That is what the institutions should do if they want people to continue donating to them, they should reduce the donor s efforts. If they don t, other organizations that do that will become their competition.
Big data and data analysis now allow companies and institutions to make direct marketing. They can extract data about the possible donors and use algorithms and models to predict whether they are likely to donate to academic institutions or not. That way, they will target directly those who are likely to donate instead of wasting money trying to convince those who are unlikely to donate.
Technology can really make raising awareness of how an individual alone can help improve their local academic institution through donating money. Messages and advertisements can be sent to chosen possible donors who have been identified to be likely to donate, or things like Facebook, Twitter, and Linked pages can be used to advertise to the public as a whole. The advantage of this is that they can easily be shared and very fast. One post is made and everyone in the world has a great chance of seeing it.
One big mistake some fundraisers make is to set a minimum amount they need from each donor. People don t want to be told how much they should spend, especially if they are giving away money while not expecting anything in return. A possible donor may change their mind if they find that they have to pay $500 while they were only willing to give $300.
To make people support you and donate money to help you achieve your goal, you should set your objectives clear to them. Tell them what you re planning to do with their money, make them see how they can benefit from this or how the world as a whole can benefit from your objectives.
Tertiary academic institutions have to be able to answer this question; why should I give you money while I can give it to hospices that take care of people living with disabilities, why should I be the one funding someone else s child education?. They should be able to make people understand that they too are also trying to come up with solutions to a problem like these.
Thanks to technology, higher institutions can now conduct direct marketing to possible donors and send messages to millions of people.
Some organizations that need donations from the public have adopted the use of new technologies to make things easier for people who want to donate. An example is Amazon, it uses data analytics and statistics to improve their customer experience. That is what the institutions should do if they want people to continue donating to them, they should reduce the donor s efforts. If they don t, other organizations that do that will become their competition.
Big data and data analysis now allow companies and institutions to make direct marketing. They can extract data about the possible donors and use algorithms and models to predict whether they are likely to donate to academic institutions or not. That way, they will target directly those who are likely to donate instead of wasting money trying to convince those who are unlikely to donate.
Technology can really make raising awareness of how an individual alone can help improve their local academic institution through donating money. Messages and advertisements can be sent to chosen possible donors who have been identified to be likely to donate, or things like Facebook, Twitter, and Linked pages can be used to advertise to the public as a whole. The advantage of this is that they can easily be shared and very fast. One post is made and everyone in the world has a great chance of seeing it.
One big mistake some fundraisers make is to set a minimum amount they need from each donor. People don t want to be told how much they should spend, especially if they are giving away money while not expecting anything in return. A possible donor may change their mind if they find that they have to pay $500 while they were only willing to give $300.
To make people support you and donate money to help you achieve your goal, you should set your objectives clear to them. Tell them what you re planning to do with their money, make them see how they can benefit from this or how the world as a whole can benefit from your objectives.
Tertiary academic institutions have to be able to answer this question; why should I give you money while I can give it to hospices that take care of people living with disabilities, why should I be the one funding someone else s child education?. They should be able to make people understand that they too are also trying to come up with solutions to a problem like these.
Thanks to technology, higher institutions can now conduct direct marketing to possible donors and send messages to millions of people.
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