Eric Mower + Associates is proud to be announcing today that Centscere is the 2014 winner of the Market Ready Award. Centscere is the startup company that lets social media users turn tweets and likes into donations to causes they care about.
Like our first Market Ready winner, Rosie, Centscere is just the kind of company we had in mind two years ago when we created the Market Ready Award as part of StartUp Labs Syracuse. It’s a breakthrough idea that’s far along in development. It’s been created by people who are open to innovative marketing ideas. How can we not be excited?
There are three big things I like about Centscere:
Centscere breaks the mold for charitable giving. It’s an entirely different way of making a donation – a digital version of collecting small change outside of a retail store. But instead of charities chasing down donors with their hands out, caring people can select the causes they care about. And then every time the donor does something he or she enjoys – engaging in social connections – they make a micro donation.
Centscere makes it easy for non-profits to connect with donors in new ways. For most charities, implementing digital fundraising channels is either daunting or impossible. They don’t have the knowledge, technical expertise or experience to build it themselves. And many platforms that enable digital transactions can have daunting base fees. Centscere eliminates those barriers. As the platform launches, there is no cost for charities to become Centscere partners. And for signing on, they get access to a fully built, tested and secure platform for online giving. Centscere gets a small share of the money donated. And, of course, non-profits need to do their own work of promoting the Centscere channel, but that’s a requirement in any fundraising model. It couldn’t be easier.
And most important, Centscere turns social in to something good. People of all ages spend hours of every day on social media and most of that time can feel like it is wasted. But not when every post triggers a small donation to a good cause. Centscere lines up perfectly with purpose-driven millennials who passionately want their activities to contribute to a better world. So instead of being made to feel guilty about engaging in social media, now users can feel good about tweets and comments. And given how much social is woven through every aspect of our lives today – news, entertainment, shopping, and even friendships – why not make it a part of the way in which we give?
The small individual contributions that Centscere creates won’t meet the full fundraising requirements of non-profits today. As the platform grows in scale, however, don’t underestimate its potential to generate significant dollars. And for charitable organizations trying to engage with the next generation of donors they will rely on in the future, Centscere is an appropriate and natural way to build relationships and start a habit of giving that will create even bigger returns in the future. That’s good for Centscere. And the whole world, too.
By Greg Loh, APR, Managing Partner, Public Relations + Public Affairs