Omaze offers an online service that allows users can make donations to charities and also get various prizes and experience. It’s a unique crowdfunding approach to fundraising. As per the website, the users have raised over 150 million dollars and supported over 350 charitable organizations. These charities are located across the globe. These charities are major credited non-profit organisations like 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 cause they’d like to contribute to. Every contest comes with its special prize, ranging from luxury cars to once-in-a-lifetime experiences.
Before you continue, you may want to watch this video by The Entrepreneur on YouTube that gives a quick review. After, you’ll want to read the rest of the article for a more comprehensive review of Omaze.
What is the process behind Omaze work?
How Does Omaze Make Money?
Omaze believes that everyone deserves the opportunity to be a part of fundraising. Traditionally, charities depended on fundraising events where only the rich and famous attended. Omaze was founded to make auctions for charity through its unique fundraising method. This means that everyday people can make a donation to the charity of their choice for as little as $10.
There are two ways to participate. The first is through donating while the other option is entering for no cost. You can enter any contest for free, but you earn additional entries based on the amount you give. The higher your donation will result in more prizes you’ll win.
To donate, select “Enter Now” from the Experience or Prize page on the website. Then choose a donation amount and follow the steps to enter your personal information. You may 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 To enter for free, visit the Experience or Prize page on the website. Click on 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 like, but again you will be subject to a certain Entry limit.
Omaze has received some criticism over what percentage of donation goes toward the actual charity. For the most expensive prizes, only about 10-15 percent of the donation goes to the charity. The company has replied with the statement that 10% a significant amount. The rest of the donation is used to pay for operational and marketing costs to ensure that they are running. What matters is that people are motivated to contribute due to the attractive prizes.
For less expensive prizes The company says that 60 percent of the donation is given to charities.
Donations made through the site directly go into Charities Aid Foundation America (CAF America). It’s a public charity that has partnered with Omaze in making fundraising easy, safe, and effective. CAFA utilizes donations to help fund grants to charitable organizations.
Omaze provides a range of amazing prizes, which they refer to as Experiences. The prizes include luxury cars, dream homes, a chance to meet your favorite celebrity or have a unique trip.
Here are some examples of the past and current prizes offered by Omaze:
- The chance to be the owner of a multimillion-dollar Miami dream house
- A vacation in Japan specifically designed for you
- A memorable safari experience as well as a stay at Giraffe Manor in Kenya
- A chance to get two seats on one of the very first Virgin Galactic flights to space
- Private meet and greet for Dwayne “The Rock” Johnson
- A luxury trip to a wellness retreat in Thailand
- First class tickets on planes to anyplace in the world.
- A chance to win luxury vehicles and other vehicles
Omaze is constantly offering exciting new campaigns and prizes. Visit their website to see more prizes , including the prize details. It also provides previous prizes as well as the winners. For previous contests you will also be able to see how much the charity received.
Who was the person who started Omaze?
Omaze was founded at the end of 2012 through Ryan Cummins and Matt Pohlson. The website says that they had the idea after attending a charity auction. The item up for bidding was their dream experience which included a basketball match and dinner with Magic Johnson. But, the bidding was to the point that they were outbid. The prize raised only $15,000.
The two couldn’t figure out why such a huge prize only raised a small amount for a good cause. They also believed that this fundraising model was limited to those who are wealthy. They believed that amazing events like this should not be available only to a few wealthy individuals.
They decided to create an innovative method of fundraising, which would be accessible to a significant number of people.
The fundraising will be accessible online, so anyone could take part. Participants wouldn’t require an enormous amount of money to enter and encourage more participants and help to raise money in support of the organization.
They think that charities ought to feel more comfortable marketing themselves through the platform, since it’s an excellent cause. The platform lets charities communicate with a larger public in a more appealing way to raise more funds.
Is Omaze real?
While the company has faced some criticism, it appears that they are indeed legitimate. They have raised more than $100 million for charity and have distributed the prizes promised to participants. A lot of big-name celebrities have also been a part of the campaign and lobbied on behalf of the organization.
A number of winners have also talked about the prizes they won. They are also featured on Omaze’s Omaze channel. Omaze Youtube channel.
Omaze is also accredited with Omaze is also accredited by Better Business Bureau with an A+ rating. How Does Omaze Make Money?
As a non-profit corporation, Omaze takes around 20% of the donations. Imagine you want all of your donations to be donated to a non-profit. In that scenario, you could think about donating directly to the non-profit organization or charity instead. The best part of Omaze is that you have the chance to make a difference and in the process you can receive a wonderful experience. This makes it very appealing to a larger number of people. If you’re looking for unique experiences, then Omaze is a great chance.
Cost and Price Plans
Omaze lets you make donations for just $10. As the donation amount increases, the proportion of entries also increases, and the amount equivalent to 1 entry decreases. For example, a $150 donation equals 2000 entries. This is one entry for every seven cents given. How Does Omaze Make Money?
Here are the amounts for donations in the same amount, with the equivalent quantity of entries
- 10$ = 20 tickets
- $25 = 125 entries (most popular option according to the website)
- $500 = $50 entries
- $100 = 1,200 entries
- 150 = 2000 entry
According to Omaze their business, it takes about 12%- 20% of net funds. These funds are used to cover expenses for operations, like advertising, content creation, and processing fees for payments. About 60%-80% of the funds are donated to charities.
To be more precise Here’s the difference between non-celebrity prizes and celebrity prizes. For the prizes of celebrities that are usually cheaper, sixty percent of prize goes to charity, while 25% goes to Omaze. For more expensive prizes like cars, vacations, or cash, 15percent of money is donated to charity, while 65%-75% goes to Omaze.
Omaze currently does not provide refunds as donations are made to charitable causes. If you do have any issues with your transaction it is recommended to contact Customer Service as soon as possible.
Customer Service Contact Info
If you have queries, issues, or complaints. If so you can submit your concerns directly to their website via their Support Center and Submit a Request link. You can also access information and find frequently asked questions on the Support Center.
Omaze can be described as an internet-based fundraising platform which allows users to make donations to charitable organizations with the possibility to win exclusive prizes and experience. Omaze is a legitimate business that has been running for many years. It has assisted numerous charities reach their goals by raising money for them. Its unique fundraising model gives everyone the opportunity to enjoy incredible experiences once in a lifetime.
Omaze is a new method to make a donation to charity. However, it has been the subject of a lot of criticism over how much of the money actually goes to charity. But, this is understandable as Omaze is a commercial enterprise and is a non-profit organisation. If you’re looking to donate money to an organization and ensure that the entire amount goes to them, then donate directly to the charity instead. But if you’re interested in the amazing prizes offered by Omaze make sure to donate via Omaze instead. It’s a win-win since you have the chance to win prizes while also contributing to a great cause.
FAQS How Does Omaze Make Money?
Where is Omaze based?
Omaze is based in Los Angeles, California.
Does my contribution count as tax-deductible?
All Omaze donations go through Charities Aid FoundatAmerica ion (CAFA). Because CAFA is an US charity that accepts donations from US donors using the Omaze platform are tax-deductible to the extent the law permits. However, if your donation is made in conjunction with an experience-based perk that is worth more than the perk will be subtracted. So if you donate $100 and earn an experience perk of 75 dollars, the tax-deductible donation would be $25.
Are there any Omaze frauds?
Although Omaze is being attacked by numerous people online as a scam however, the company is completely legitimate. They can raise funds to benefit the organizations involved and also award participants according to the promises. To ensure your safety be sure to donate your money through Omaze’s authentic Omaze site only. Check to make sure the website is genuine or not prior to donating your money.
What are the chances of winning?
The more you donate, the higher your chances of winning since a higher donation equals a greater amount of entries. You can however take part without contributing to qualify for a certain number of entries.
What is the process to confirm that they have a winner?
After the contest is over after the contest has ended, a winner could be randomly chosen using an encrypted and secure randomly generated number generator. Following the random drawing process Omaze’s team will complete the process of confirming winners. You may view more details on the procedure at their site.
How can they get in touch with them? to announce winners?
An Omaze representative informs potential winners via email. The winner is given 24 hours to reply to the initial email. The Omaze may contact them with an planned video conference, too. Once a potential winner has been confirmed and responded to the initial email, they will need to complete the form provided from the Events Team as part of the confirmation process for winners.
Do note that Omaze will never contact the winners through social media, only through email.
How does Omaze earn money?
As a for-profit organization, Omaze receives a 20% fee on net increases from their campaigns. To keep them up and running, this fee is used to cover operating expenses, including advertisements, content creation, and payment processing fees.