Online Sponsorship uses the internet to set up and run sponsorships for individuals or charities. Sponsors donate money in exchange for completing a specific task or challenge, with online payment systems making it easier to transfer money to chosen charities. Social networking sites can also help gain wider recognition and sponsorship.
Online Sponsorship uses modern technology to help people raise money for charities around the world. In a sponsorship, an individual, group or organization promises to donate money to an individual or charity in exchange for completing a specific task. The online element comes from using the internet as a means to set up and run sponsorship.
Traditional sponsorship centers around individuals asking friends, family, co-workers, and even strangers to contribute money to a cause or event. There are almost unlimited possibilities for sponsorship events and challenges. A common example of such sponsorship is a marathon that raises money for a charitable organization. Individuals who participate donate money raised through sponsorship to the organization. There are many other similar types of sponsorships.
Sponsored events raise money in several ways. In some cases, sponsors promise a certain fee if an individual completes a challenge or event. At times, the fee may vary based on the sponsored individual’s success in the event; for example, a certain amount of money may be promised per mile traveled or based on the time spent performing the task. This allows people to raise more money if they do well in the sponsored event.
Using the Internet can simplify the sponsorship process. Online sponsorship allows the sponsorship seeker to communicate effectively with sponsors. By creating an email database or website, the individual can keep in touch faster and more effectively. Some individuals may use weblogs or blogs to update sponsors on long-term challenges.
Internet-based payment systems and programs allow sponsors to send payments quickly, easily and securely after the event or activity is over. These methods allow the use of credit cards or direct debit payments. Additionally, online sponsorship payments can be made automatically. By arranging sponsorship online, people will find it easier to transfer money from sponsors to their chosen charity.
Social networking sites have become important to the online sponsorship process. They make it easy to share information about an event or activity or solicit sponsors. Such sites have also helped some charitable causes and events gain wider recognition and sponsorship. Individuals can even create special pages or groups to advertise their event and can easily link to related organizations and charities.
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