Omaze can be described as an online marketplace where people can make donations to charities and have the chance to win various prizes and experiences. It’s a unique crowdfunding approach to raising money. As per the website, users have raised over 150 million dollars, and have benefited over 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, along with Make-A-Wish Foundation.
Donations aren’t required to enter a contest, however, they can earn additional contest entries, as well as other benefits. Users can decide what cause they’d like to contribute to. Every contest comes with its own special prize, ranging from luxury cars to unforgettable experiences.
Before you go on, you may want to watch this video by The Entrepreneur on YouTube that gives a quick overview. After, you’ll want to read the rest of the article for a more comprehensive review of Omaze.
How does Omaze function?
Is Omaze For Profit
Omaze believes that every person should have the chance to take part in fundraising. Traditionally, charitable organizations usually depended on fundraising events where only the famous and wealthy attended. Omaze was founded to make charity auctions through its unique fundraising method. It allows everyday citizens to make a donation to the charity they choose starting at just $10.
There are two ways to enter. You can donate, or taking part for no cost. You can enter any contest without donating, but you earn additional entries based on how much you contribute. The higher your donation, the more prize entries you’ll get.
To donate, simply click “Enter Now” from the Experience or Prize page on the website. Choose a amount to donate and follow the directions to fill in your details. You are able to make donations as often as you like. However, there is an entry limit for each person that varies depending upon the amount of prize.
For a chance to win for free, go to the Experience or Prize page on the website. Click on the “enter without contributing link” and follow the directions. You’ll be required to complete the form. After submitting the form you will receive a specific number of entries. The form can be submitted as many times as you’d like, however there is a maximum entry limit.
Omaze has received some criticism regarding how much of the money goes toward the actual charity. In the case of expensive prizes, 10 to 15 percent of the donation goes to the charity. The company has replied to say that 10% is an impressive amount. The remainder of the money is used to cover expenses for marketing and operational costs to continue to run the business. What matters is that people are encouraged 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 through the website go directly towards Charities Aid Foundation America (CAF America). It’s a nonprofit organization that has partnered with Omaze in making fundraising easy secure, efficient, and safe. CAFA uses donations to fund grants to charitable organizations.
Omaze offers a wide range of incredible prizesthat they call Experiences. These prizes include luxurious cars as well as dream homes, a possibility to see your favourite celebrity, or a once-in-a-lifetime trip.
Here are some examples of the previous and present prizes offered by Omaze:
- A chance to win the multimillion-dollar Miami dream house
- A vacation in Japan curated just for you
- An unforgettable safari as well as a stay at Giraffe Manor in Kenya
- The chance to get two seats on one of the first Virgin Galactic flights to space
- A private meet and meet and greet for Dwayne “The Rock” Johnson
- A luxurious vacation to a wellness resort in Thailand
- First class plane tickets to any destination in the world
- Chance to win luxurious automobiles and other vehicles
Omaze is constantly offering exciting new campaigns and prizes. Visit their website to view more prizes , including the prize information. You can also see previous prizes and winners. For previous contests you can also view the amount the charity received.
Who started Omaze?
Omaze was created in 2012 through Ryan Cummins and Matt Pohlson. According to the website, they came up with the idea after attending an auction benefitting charity. The auction item was their dream experience which included a basketball match and dining in the company of Magic Johnson. The bidding was to the point that they were outbid. The prize ended up raising only $15,000.
The two couldn’t figure out why such a huge prize only raised a small amount for a great cause. They also felt 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.
So they decided to develop an entirely new method of fundraising that would be accessible to a large variety of people.
The fundraising will be accessible on the internet, which means that everyone can participate. Participants wouldn’t require much money to enter this event, which could encourage more participants and help raise more funds in support of the organization.
They think that charities should feel better about marketing themselves through the platform, since it’s an important cause. Their platform allows charities to connect with a wider market in a way that is appealing to raise funds.
Is Omaze legitimate?
Although the company has received some criticism, it appears that they are indeed legitimate. As of now, they’ve raised over $100 million for charity and have given out prizes to participants as promised. Numerous famous personalities have also been a part of the campaign and lobbied for the platform.
Several winners have also spoken about the prizes they have received. They are also featured on Omaze’s Omaze channel. Omaze Youtube channel.
Omaze is also accredited by The Better Business Bureau with an A+ rating. Is Omaze For Profit
Because it’s a not-for-profit company, Omaze takes around 20 percent of donations. Imagine you want all of your donations to go to the non-profit. In this situation, you may decide to donate directly to the non-profit or charity instead. However, the fun part with Omaze can be that you get to contribute and in the process you can get a great experience. This makes it very appealing to a larger number of people. If you’re seeking unique experiences and experiences, then Omaze is a great opportunity.
Cost and Price Plans
Omaze lets you make donations for as low as $10. When the amount of donation increases, the number of entries increases and the value of one entry decreases. For example $150 is equal to 2000 entries, which is one entry for every seven cents that are donated. Is Omaze For Profit
Here are the amounts for donations in the same amount, with the equivalent amount of entry entries
- $10 = 20 entries
- $25 = 125 entries (most well-liked option, according to the site)
- $500 = $50 entries
- 100$ = 1200 entry
- $1000 = 2000 entries
According to Omaze their business, it takes approximately 12% to 20% of net profits. These funds are used to pay for operating expenses, including advertising, content creation and payment processing fees. About 60%-80% of the funds go to charity.
For a more precise understanding This is how it differs between non-celebrity prizes and celebrity prizes. For prizes that are awarded to celebrities, which are typically less expensive, sixty percent of money goes to charity, while 25% goes to Omaze. For higher-end prizes, like vacations, cars or cash, 15% of the money is donated to charity, while 65%-75 percent is given to Omaze.
Omaze currently does not offer refunds because the donations are for charitable causes. However, if you encounter any issues with your transaction it is recommended to contact Customer Service as soon as possible.
Customer Service Contact Info
If you have any concerns, questions, concerns or concerns. If so, you may submit them directly to their website via their Support Center and Submit a Request link. You can also find information and find frequently asked questions in the Support Center.
Omaze is an online platform for fundraising which allows users to make donations to charities in exchange for the chance to win prizes that are unique and experiences. It’s a legitimate organization which has been in operation for a number of years. It has helped numerous charities to achieve their goals through raising funds for them. Its unique fundraising strategy lets everyone have the opportunity to enjoy incredible experiences once in a lifetime.
Omaze is a different way to give to charities. It has however, received criticism over how much of the money actually goes to charity. It’s understandable, since Omaze is a company which is a profit-making organisation. If your goal is to just donate money to a charity and make sure that all proceeds go to them, you could donate straight to your charity. But if you’re interested in one of Omaze’s fabulous prizes make sure to donate via Omaze instead. It’s a win-win since you have the chance to win a prize while donating to a great cause.
FAQS Is Omaze For Profit
Where is Omaze based?
Omaze is based in Los Angeles, California.
Does my contribution count as tax-deductible?
All Omaze donations go to Charities Aid FoundatAmerica ion (CAFA). Since CAFA is an US charity and all donations made by US donors using the Omaze platform are tax-deductible in the amount the law allows. However, if your donation is accompanied by an experience perk then the value of the perk will be subtracted. If you give $100 and get a perk worth $75, your tax-deductible donation would be $25.
Do you know of any Omaze scams?
Even though Omaze is being criticized by numerous people online as a fraud, the company is totally legitimate. They can raise funds to benefit the organizations involved and also award participants according to the promises. To protect yourself ensure that you give your money to Omaze’s authentic Omaze web site. Check to make sure the site is legitimate or not before donating your money.
What are the chances of winning?
The more you give the more likely you are of winning because a larger donation equals a larger number of entries. But, you are able to enter without contributing to qualify for a set amount of entries.
What is the process to confirm a winner?
When the contest has ended, a potential winner is randomly chosen using a cryptographically secure randomly generated number generator. After the random drawing process Omaze’s team will complete the confirmation of the winner. There are more details about the process on their website.
How do they contact and to announce winners?
An Omaze representative notifies potential winners via email. The potential winner has up to 24 hours to reply to the initial email. The Omaze may respond with a planned video conference as well. After a winner is confirmed and replied to the initial email, they will need to accept the paperwork provided to them through The Events Team as part of the winner confirmation process.
Note that Omaze will never contact the winners through social media, only through email.
How does Omaze make money?
As a not-for-profit entity, Omaze is able to collect a 20% fee on net increases from their campaigns. To ensure they stay up and running the fee is used to cover the operational expenses like advertisements, content creation, and processing fees for payments.