Posts tagged as:

trust

RE-TWEET IT!

I was excited to see India’s cricket hero Sachin Tendulkar on Twitter. In record time, he has over 250,000 followers – and one of his early actions on the social network was to raise funds for a Foundation to help children with cancer.

Any cause that helps suffering children gets my automatic endorsement and support… and this post was crafted in alignment with that purpose. Because in Sachin’s efforts, I see some lacunae which may cost precious donations that might help a few more ailing children.

Having been involved in fundraising online for almost ten years, I’ve learned a lot about best practices, what works, and critical elements of a fundraising website which build credibility and maximize donations.

Here are a few questions prospective donors often ask when they arrive at your site.

1. Who is raising money?

This matters over and above everything else, because if it’s someone I don’t trust, then I’m definitely NOT donating. Imagine Bernie Madoff setting up a website that seeks donations. Would you contribute?

So, clearly explain who is raising money.

On Sachin’s site, I know the two people involved very peripherally. Sachin Tendulkar is a household name in most Indian homes, as a generation grew up admiring and being entertained by the ‘master blaster’. When his wife Anjali appeared for her medical school final exam at Sir J.J.Hospital, I was a senior surgical resident in Prof.Adi Nazir’s unit – and watched her win a gold medal.

But that’s all I know about the couple who are now raising funds for a worthy cause. On the website, there’s little else about them. Telling a story about how they came to be involved in fund-raising for cancer kids could go miles longer in getting visitors to buy in to the cause, and support it.

We also hear of a Dr.Jagannath – but know nothing more about him. (UPDATE: See below for how I got to know Dr.Jagannath, and more about this amazing and compassionate surgeon!) Tell us HIS story. We WANT to hear it. That’s true of ANY fundraising or awareness building website. Don’t go light on that part of the website – it matters more than anything else!

See how I tell my story here.

2. What are they raising money for?

The cause or problem that you are hoping to solve needs to be highlighted. The more detail you can provide, the better. And the focus needs to be on the solution, more than the problem.

This is where most fund-raising websites fail. Copywriters or activists go overboard trying to build up a sense of the futility and hopelessness that their chosen recepients are facing – with the result that a prospective donor begins to believe nothing can be done… and leaves without donating!

Story telling works even here.

  • Talk about how you are trying to make a difference.

  • Tell your donors and supporters how their involvement matters.
  • Show how even a minor contribution on their part can have spectacular impact on those unfortunate people you are working to help.

See how I do this here.

3. What exactly will be done with the funds?

Too many fund-raising websites gloss over this part. Sometimes, it’s because they aren’t yet sure, or are still drawing up plans.

But sadly, this ‘missing part’ is what they have in common with other sites that are scams trying to cheat people to contribute to a non-existent cause!

A great differentiator for a genuine charity venture is to showcase, in copious detail, what happens to the money that is contributed. Talk about what you’ve already done, if your organization has a track record. Or explain at elaborate length the scope and nature of your activity and involvement.

  • Are you building up a corpus, or raising operating capital?

  • Will you be funding individuals, or other groups?
  • Are you running a short term event, or do you plan to keep this going?

Tell them. They want to know. And then, get involved.

Once again, people love stories. Read one of mine here.

4. How much is needed?

Another important variable that is overlooked is to quantify your goals.

Tell your donors and supporters how much money you need to meet your targets. And then, denominate in terms of how they can help! Everyone likes being a part of something special – like your non-profit effort. Show them how it is possible.

There are many misconceptions about technical issues. When I started raising funds for heart operations, people wondered how they could possibly donate enough to fund such expensive treatment – because they thought each operation cost $50,000 to $100,000 (as it does in the U.S. and other developed countries).

When I explained how the same treatment only costs $2,500 in India, there was a renewed surge in interest – because now people believed they could really make a difference by getting involved!

So, always tell your audience how much you hope to raise. And by when. Then, let them know how they can contribute.

You’ll be amazed at how much of a difference it makes in getting more donations.

5. Where are the stories?

Everything I’ve listed out until now is about story-telling. And the reason it works in a non-profit context is because the stories are so compelling!

When you read about how a child born with a heart defect suffers, faces a stark future, and then a gleam of hope appears on the horizon by way of a donor who helps fund her operation – and then, when you see the bright smile that lights up her little face… something inside you comes alive and rejoices, too.

You feel GOOD. Because now you see how your decision, your action, your donation, is going to change a fellow human’s life and future!

That’s magical. Stories belong on a fund-raising website. As many as you have to tell and share.

But make sure they are real, genuine stories. Tell them honestly, ethically, with empathy and compassion. That is what resonates with your audience who wants to help you change the world and make it a better place.

See some of my ‘Smiling Little Hearts’ stories here.

6. Can I trust them?

With my data. My money. And my support.

Without this convincing element, your fund-raising website is DEAD IN THE WATER!

And that’s what prompted me to write this post – because when I looked at Sachin Tendulkar’s fundraising website, I saw it lacked some serious credibility building elements.

Here are some things you need:

* a privacy policy statement (explaining how you protect and use donor data)
* a ‘Terms of Use’ policy statement
* ’social proof’ by way of endorsements, testimonials, and links to other sections of the Web that help engender trust in you and your organization
* a statement of your aims and objectives
* your mission/vision statement
* details about your team, including composition of your board/management
* press clippings or media appearances, if any

While not the best example, see how I’ve attempted to include these on my Foundation’s website.

Will these automatically make visitors to your website trust you?

Of course not. These are just starting points. But combine this with a passionate community of supporters who’ll help you spread word over time, and you’ll have a winner.

How about glitz and glamor? A flashy website with bells and whistles, and killer design? A set of branded graphics, custom created scripts and stuff to create an immersive experience?

All of this might help too. But only AFTER you’ve got the essential elements firmly in place.

In the words of Warren Buffett, “Look for three qualities: integrity,
intelligence, and energy.

Their order matters. And the six elements above will all help build on your image – as long as you’re doing what you do with integrity.

What more can you add to this list? Please share by leaving a comment!

UPDATED on May 24th, after communicating with Dr.P.Jagannath:

I have since had an informative email exchange with Dr.P.Jagannath, who is Chairman of the Department of Surgical Oncology at Lilavati Hospital & Research Centre in Mumbai.

With over 20 years experience as a surgeon treating patients with cancer, and a slew of accomplishments in his chosen field of medicine, Dr.Jagannath has more recently launched a portal for public and professional education on cancer at IndiaCancer.org.

Interestingly, it was inaugurated by Bollywood superstar, Amitabh Bachchan – yes, the same caring celebrity who funded 10 heart operations last year (here’s the story).

He has also set up a charitable trust called ‘Crusade Against Cancer’, a foundation with several objectives including prevention, education, and assistance for cancer patients, and the general public.

“In spite of significant professional commitments nationally and internationally as a chairman of world congress of IHPBA , I am trying to reach out and create awareness and help those in need,” Dr.Jagannath said in one of his emails to me.

You can learn more about this dedicated proponent of cancer awareness here and also on his LinkedIn page here.

And please help support his initiative to reach out a helping hand to children fighting the hardest battle of all, against the deadly killer called cancer.

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Smoothening The Trust Curve

by Dr.Mani on December 21, 2009

RE-TWEET IT!

Around 18 months back, I shared the story of how I went from hearing Mari Smith’s name, to promoting her Facebook course to my audience of thousands of subscribers… all within 24 hours!

That’s because Mari had “smoothened the trust curve”.

More recently, I shared a similar experience with bestselling Indian writer Chetan Bhagatwhen I stole his book, then became his fan.

Today, I attended a live book launch event by this author – and learned some valuable lessons about trust, how it develops and what you can do to speed it up.

Here’s a brief ‘case study’. There are several moving parts to this seemingly simple (but actually very complex) puzzle. And unless ALL of them are working in cohesion, trust will suffer.

Plan

I considered going to the event. That itself happened because of the sequence of things I detailed in my earlier blog post. Trust, on a superficial level, was established.

Decision

At the last minute, I debated attending. It was a commitment of a few hours, and time is my most precious asset. I posted on Twitter – and Chetan Bhagat responded, asking me to come. That made it happen.

Arrival

I arrived at the venue at 6:00 p.m. The hall was half-full. The program started at 6:30 p.m. The half-hour delay, though not too bad by Chennai standards, left me a bit annoyed. Not good.

Content

Chetan made a short power-point presentation. It had 7 graphs, was really funny, and ended too soon… leaving the audience wanting more. Good.

Accessories

Two film ex-stars shared their stories. Though relevant to the book’s theme, their presentations were more like filler. What made it work (for me) is the fact that Suhasini Maniratnam is one of my favorite actors – and I fell in love all over again! ;-)

Product

A brief book-reading followed. The choice of passage was debatable, but then it would always be a judgement call. It was brief. A teaser to the book. But considering over half the room had already read the book, that was moot!

Engagement

There was a short Q&A with the audience. The comments and discussion was all over the place. Chetan handled it all well, with a dash of humor and self-deprecation, while firmly controlling where (and for how long) it went. Good.

Book Signing

What could have been a serious gaffe (when the compere announced that Chetan had “changed his mind and would NOT be signing books”) was smoothly handled by the author who said he just wanted to see his guests off first – before devoting all his time to his fans!

Face Time

I bought 3 books. Took them on stage to be autographed. And got 25 full SECONDS of Chetan’s time. Enough to hand him my business card, and offer to help with his work in spreading English literacy, though I’m not sure if it really registered!

Chetan Bhagat books

This last is the one area where my journey up the trust curve took a stumble. And like I said before, that single stumble could end up destroying everything else… because it pinpointed what was MISSING!

Purpose

Do you recall that I mentioned Mari Smith, the ‘Pied Piper of Facebook’, as my earlier example of ‘quick trust building’? In her case, EVERYTHING was consistent.

Mari’s brand is about Facebook and teaching how it can be used effectively by marketers. Her free report, blog, and entry level product all were built around that theme.

So, it was quick and easy to discover her, study her skill and then sample her product, realize she’s an expert, and then tell others about her.

If I remember right, that smooth trust curve led to an affiliate promotion that brought in close to $800 in referral commissions to my business – in just 48 hours since I first learned about Mari Smith!

Now, to Chetan Bhagat. His novels are nice, easy reads. But what hooked me was how he supported spreading English literacy in rural India. That endeavour spoke to me. I respected that, and wanted to help in whatever way I could.

Except, I don’t know HOW! No, not even after meeting the man briefly today.

I ran some numbers. The hall had around 850 to 900 people (my guesstimate). All but 200 or so left as soon as the program ended. Of the rest, the majority only wished to get their books autographed… and maybe their photo snapped with Chetan Bhagat.

Chetan Bhagat - 2 States

Very few wanted to spend some time and talk with the author. I was in that small group.

If it had been a focus area for the writer, it may possibly have taken little over 30 minutes more than it did – but what return might he expect on that modest investment?

Well, I was willing to make a donation, or commit to some time on a regular basis, or discuss other options to help with the work on English literacy. No, not all right there on the dais – but later, at leisure and mutual convenience, maybe just by email or on Twitter.

The seed for this might have been sown when we met face to face… if only we could have talked for a few minutes!

That’s the BIG miss.

And where trust gets seriously undermined.

Because, now, I’m left with the impression that this entire event had little other purpose than to push sales of a few books!

The lesson I learned from this observation is that it is important to plan and smoothen every bit of the trust curve – especially focusing on the IMPORTANT PART that comes on the ‘back-end’, not just the mass appeal front-end seller (in this case, the print book).

For most authors, the book is a ‘loss leader’ – the valuable asset you practically give-away… in exchange for mindshare and trust of your reader.

What you do with that trust defines your level of successful leverage.

You can make it the foundation of a big business empire – like Mari Smith did.

Or you can simply miss out on a golden opportunity.

Trust can be built fast – if you smoothen the curve!

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Transparency, Authenticity, & Trust

Today, I posted my 10,000th tweet on Twitter. And of these thousands, one has been very widely re-tweeted… it says:

“Transparency is the new risk – Authenticity is the new currency – Trust is the new reward.”
Maybe because it encapsulates the essence of social media networking. Or maybe because it sounds nice and snappy. [...]

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If they tell you…

Last week, just as has happened many times in the past, I saw someone say this on a forum discussion:
“XYZ pulled in $1.3 million from {Product Name} launch alone”
… and my instinctive reaction is:
“Yeah? And you know that because:
a. He showed you the wads of cash lying around his house
b. His income tax returns [...]

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Got Trust?

I haven’t read this book… yet!
But I’m asking you to buy a copy.

Why?
Because of TRUST. Trust that Chris Brogan has built up with me – over many months.
On his blog, he wrote:
“This one’s the biggie, friends. I want very much to have a chance at success with this book, and you are my key [...]

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At The Elbow Of Connections

I was reading an interview with Chris Brogan, who is shortly launching his new book, TRUST AGENTS, in which he says:
“Trust agents are at the elbow of connections.”
Cool, I thought. And then watched this interview with Twitter MASTER, Maynas Eric Chua on TV (which aired across Asia) – where he mentions the role trust [...]

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