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You are here: Home > Business > Fundraising > How Nonprofit Organizations Can Raise Money Online with a Squidoo Lens |
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Digg It - How Nonprofit Organizations Can Raise Money Online with a Squidoo Lens
Is your nonprofit organization doing fundraising online? If the answer is no, this is something that you should be looking into. There are many types of online fundraising methods, According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product and a new and innovative way, is by creating a lens on the Squidoo.com website. Most internet marketers are aware of Squidoo.com and many are creating lenses on Squidoo as a way of building links and ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in bringing visitors to their websites. However, one of the original purposes of Squidoo, according to founder Seth Godin, was to provide a way for charities and nonprofit organizations to spread awaren lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ess of their cause and raise money, on the internet. What exactly is a Squidoo lens? A lens is simply a webpage on Squidoo.com that is built to serve as a guide on a specific topic. here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe The page contains relevant information about the topic and links to other places on the internet where more information can be found. Squidoo is similar to a search engine, such as Google, but, acco d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro rding to Godin, it acts as an intermediary to search engines by giving people the "big picture" view on a given topic. When people perform a search for information on Squidoo the result is a lens on ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc the topic instead of a list of links that you would get with a Google search. Squidoo is also similar to MySpace; however, Godin calls Squidoo "social databasing" as opposed to "social networking." easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi How can nonprofit organizations and charities benefit from Squidoo.com? Anyone can build a Squidoo lens, for free, on any topic they are knowledgeable or passionate about. "Everyone nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically is an expert" says Godin. At time of this writing there are over 70,000 lenses written by Squidoo lensmasters, as they are called. Nonprofit organizations and charities may build a lens and provide i and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ nformation about their cause or mission. The lens can contain links to the charity's website, logos, RSS feeds, just about anything relevant to the topic or organization can be included in the lens. ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi Each lens automatically has Google advertisements placed on it. Every lens gets a share of the royalties earned from the Google ads. Another way to earn money is to sell items as an affiliate of Am ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a azon, eBay, or Cafe Press. For example, if your organization creates t-shirts on Caf? Press, you can feature them on your Squidoo lens and earn money from the sales. In addition to creating a lens, dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod onprofit organizations may register and be added to the Squidoo database of charities. Once your organization is registered, other lensmasters can then choose to donate their earnings to your account, cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin thereby adding another way for your organization to raise money. Almost one-half of the lensmasters donate their royalties to the registered charities. As of this writing, there are less than one h tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen undred charities registered, so this is a good time get your charity involved. Ask your supporters to create a lens instead of asking for money. There is no limit to the number of l t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel enses that can be built on a topic. As a way of raising awareness and increasing involvement in your cause, ask your supporters to visit your lens and then build one of their own. Do this instead of ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust sking for monetary donations and see what your results are. With a network of lenses, each earning a couple of dollars a day, your organization could be earning a nice sum of money every month. It i y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products s not difficult to build a lens on Squidoo. You do not need any programming skills and there is plenty of information on the site to help you get started. If you are wondering how the name Squidoo c . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de ame to be, it is because squid have large eyes, and it is a current trend that successful tech companies' have names with "oo" in them. Think Yahoo and Google. If you are a member of a nonprofit orga elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip nization or charity, you should visit the Squidoo.com website and see what other nonprofits are doing with their lenses. Take advantage of this opportunity to establish an online fundraising campaign tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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