Omaze can be described as an online marketplace on which users can donate to charitable causes and have the chance to be the winner of various prizes and experiences. It’s a unique crowdfunding method of fundraising. Based on the information provided by the firm, the users have raised over 150 million dollars, and have benefited more than 350 charitable organizations. The charities are spread across the globe. These charities are renowned non-profit organizations such as UNICEF, After-School All-Stars, Julia’s House, Product Red as well as Make-A-Wish Foundation.
Donations are not required to participate in a contest, however, they can earn additional contest entries and other perks. Users can decide what charity they would like to donate to. Every contest comes with its special prize, ranging from luxury automobiles to unique experiences.
Before you go on, you may want to watch this video by The Entrepreneur on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review of Omaze.
What is the process behind Omaze work?
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Omaze believes that everyone deserves the opportunity to participate in fundraisers. Traditionally, charities relied on fundraisers where only the wealthy and famous attended. Omaze wanted to democratize charity auctions through its unique fundraising model. This means everyday people can give to the charity they choose starting at just $10.
There are two ways to enter. You can donate, and the other is by entering for no cost. You can enter any contest for free and you’ll earn extra entries based on the amount you contribute. The higher your donation is, the more prize entries you’ll get.
To make a donation, go to “Enter Now” from the Experience or Prize page on the website. Choose a amount to donate and follow the instructions to enter your personal information. You are able to give as many times as you want. There is however an upper limit on entries that is dependent on the prize.
For a chance to win for free, go to the Experience or Prize page on the website. Select the “enter without contributing link” and follow the instructions. You’ll be required to complete an online form. After submitting the form you will receive a particular amount of entries. You can submit the form at any time you want, however, there is a maximum Entry limit.
Omaze has been criticized regarding what percentage of money goes toward the actual charity. For the most expensive prizes, only 10 to 15 percent of the money is donated to the charity. The company has replied to say that 10% is still an impressive amount. The rest of the donation will be used to pay expenses for marketing and operational costs to keep them running. It is important that people are motivated to contribute due to the attractive prizes.
For less expensive prizes The company says that 60% of the money is given to charities.
Donations made on the site are directly donated to Charities Aid Foundation America (CAF America). It’s a public charity that has partnered with Omaze in making fundraising easy as well as safe and efficient. CAFA utilizes donations to help fund grants to charitable organizations.
Omaze offers a variety of incredible prizes, which they call Experiences. These prizes include luxurious cars, dream homes, a possibility to see your favorite celeb or have a unique travel experience.
Here are a few examples of the previous and current prizes provided by Omaze:
- The chance to be the owner of a multimillion-dollar Miami dream house
- A vacation in Japan curated just for you
- A memorable safari experience and stay at Giraffe Manor in Kenya
- The chance to get tickets to two of the first Virgin Galactic flights to space
- Private meet and meet and greet for Dwayne “The Rock” Johnson
- A luxurious trip to a spa resort in Thailand
- First class plane tickets to any destination in the world.
- The chance to win luxurious automobiles and other vehicles
Omaze has a constant stream of new campaigns and enticing prizes. You can check their website to view more prizes with the information. Also, you can view previous prizes and winners. For contests that have been held previously you will also be able to see the amount the charity has received.
Who came up with Omaze?
Omaze was launched in 2012 in 2012 by Ryan Cummins and Matt Pohlson. As per the site, they got the idea when they went to an auction benefitting charity. The item up for bidding was their dream experience: a basketball game and dinner in the company of Magic Johnson. But, the bidding was to the point that they were outbid. The prize ended up raising just $15,000.
They couldn’t comprehend the reason why a prize of this magnitude only raised a small amount for a great cause. They also believed that this fundraising model was limited to rich people only. They felt that extraordinary experiences such as this shouldn’t be restricted to a small number of wealthy individuals.
They decided to create an innovative method of fundraising that could be available to a more significant number of people.
The fundraising will be accessible online, so anyone could participate. It wouldn’t take much funds to participate this event, which could make it easier for more people to participate and raise more money to support the cause.
They also think that charities can feel more confident about advertising themselves on the platform, since it’s an excellent cause. The platform lets charities communicate with a larger audience in an attractive way to raise funds.
Is Omaze real?
While the business has been the subject of some criticism, it seems that they are indeed legitimate. So far, they have raised more than $100 million for charity , and have awarded the prizes to participants as promised. Many famous celebrities have also supported and advocated to the program.
Several winners have also spoken about the prizes they have received. They also have a video on Omaze’s Official Omaze Youtube channel.
Omaze is also certified by The Better Business Bureau with an A+ rating. How Amazon Makes Money
Because it’s a not-for-profit company, Omaze takes around 20% of the donations. Imagine you want all of your donations to go to the non-profit. In that case, you might think about donating directly to the non-profit or charity instead. The best part of Omaze is that you are able to contribute and, in the process you can receive a wonderful experience. This makes it very appealing to a wider range of people. If you’re looking for unique experiences Then Omaze is a great chance.
Cost and Price Plans
Omaze allows you to donate starting at just $10. As the donation amount increases, the number of entries also increases, and the amount equivalent to 1 entry decreases. For instance $150 is equal to 2000 entries, which means 1 entry per 7 cents donated. How Amazon Makes Money
Here are the donation amounts that are equivalent to the quantity of entries
- $10 = 20 entries
- $25 = 125 entries (most well-liked option, according to the website)
- $500 = $50 entries
- $1200 = $100
- $1000 = 2000 entries
According to Omaze the company, they take approximately 12% to 20% of net earnings. This is used to pay for expenses for operations, like marketing, content creation, and payment processing fees. About 60%-80% of the money goes to charities.
To make it more specific, here’s how it differs between celebrity prizes and non-celebrity prizes. For celebrity prizes which are generally cheaper 60% of the donation goes to the charity and 25% goes to Omaze. For more expensive prizes like vacations, cars, or cash, 15percent of donation is donated to charity, while 65%-75 percent goes to Omaze.
Omaze currently doesn’t offer refunds because the money is donated to charitable causes. If you do have any questions about your transactions, you should contact Customer Service as soon as possible.
Customer Service Contact Info
If you have any concerns, doubts, questions or issues. In that case you can send them directly to their site through using the Support Center and Submit a Request link. There is also a wealth of information and answers to frequently asked questions in the Support Center.
Omaze is an online fundraising platform which allows users to make donations to charities with the possibility to win exclusive prizes and experiences. It’s a legitimate organization which has been in operation for a number of years. It has assisted numerous charities achieve their goals by raising money for them. Its unique fundraising strategy allows everyone to have the opportunity to enjoy amazing once-in-a-lifetime experiences.
Omaze is a different way to donate to charities. It has however, received criticism for how much money actually goes to charity. It’s understandable, since Omaze is a company, so it’s a for-profit organization. If you’re looking to just donate money to an organization and ensure that 100% goes to them, then you can donate direct to charity. However, if you’re looking to win the amazing prizes offered by Omaze, then donate through Omaze instead. You have the chance to win prizes while also contributing to a great cause.
FAQS How Amazon Makes Money
Where is Omaze located?
Omaze is headquartered at Los Angeles, California.
Is my contribution tax-deductible?
All Omaze donations are made through Charities Aid FoundatAmerica ion (CAFA). Because CAFA is an US charity, all donations made by US donors through the Omaze platform are tax-deductible to the extent the law allows. However, if your donation is accompanied by an experience perk then the value of the experience perk will be deducted. If you give $100 and earn a perk worth $75, your tax-deductible donation would be $25.
Is there any Omaze frauds?
While Omaze is being criticized by numerous people online as a scam however, the company is completely legitimate. They are able to raise funds for the charities involved and reward participants in accordance with their promises. To protect yourself be sure to give your money to the official Omaze site only. Check to make sure the site is legitimate or not prior to making a donation of your money.
What are the odds of winning?
The more you give the greater your chance of winning, as a greater donation equals a greater amount of entries. But, you are able to take part without contributing and still be eligible for a specific amount of entries.
How do they confirm the winner?
Once the contest has closed after the contest has ended, a winner could be randomly chosen using a cryptographically secure randomly generated number generator. After the random draw process, the Omaze team completes the process of confirming winners. You may view more information about the process on their website.
How do they reach them and announce winners?
An Omaze representative notifies the winner of the contest via email. The winner is given 24 hours to reply to the email sent. The Omaze may follow up with a scheduled video conference as well. Once a potential winner has confirmed and replied to the initial email, they need to accept the paperwork provided to them through an Events Team as part of the process of confirming the winner.
Note that Omaze will never reach out to winners via social media. Instead, it will contact them by email.
How does Omaze earn money?
As a for-profit organization, Omaze receives 20% of net increases from their campaigns. To ensure they stay functioning this amount is used to pay for the operational expenses like advertising, content creation and processing fees.