Omaze can be described as an online marketplace on which users can donate to charitable causes and get a chance to win various prizes and experiences. It’s an innovative method for raising funds. As per the website, the users have raised over 150 million dollars and supported more than 350 charities. The charities are spread across the globe. These charities are major credited non-profit organisations like UNICEF, After-School All-Stars, Julia’s House, Product Red and Make-A-Wish Foundation.
Donations are not required to participate in a contest, but they do earn you extra contest entries, as well as other benefits. Users are able to choose the charity they would like to donate to. Every contest comes with its special prize, ranging from luxury cars to unforgettable experience.
Before you go on, you may want to check out this video by The Entrepreneur on YouTube that gives a quick review. Afterward, you will want to read the rest of our article for a more comprehensive review of Omaze.
What is the process behind Omaze function?
Omaze Equityzen
Omaze believes that every person should have the chance to take part in fundraising. Traditionally, charities relied on fundraisers where only the wealthy and famous were invited to. Omaze set out to open up auctions for charities with its unique fundraising method. It allows everyday citizens to donate to the charity they choose for as little as $10.
Two ways to enter. One is by donating, or participating for free. You can enter any contest without donating and you’ll earn extra entries based on the amount you donate. The more you donate, the more prize entries you’ll get.
To make a donation, click “Enter Now” from the Experience or Prize page on the website. Choose a amount to donate and follow the instructions to fill in your details. You can make donations as often as you want. However, there is an upper limit on entries which varies based upon the amount of prize.
To enter 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 will need to accomplish a form. When you submit the form, you will receive a particular number of entries. The form can be submitted as many times as you’d like, however, there is a maximum entry limit.
Omaze has faced criticism regarding how much of the money goes toward the actual charity. For expensive prizes, only about 10-15 percent of the donation goes to charity. The company has replied to say that 10% is a significant amount. The remainder of the money will be used to pay expenses for marketing and operational costs to ensure that they are running. What matters is that people are enticed to donate because of the attractive prizes.
For less expensive prizes The company says that 60% of the money is given to charities.
Donations made on the site directly go towards Charities Aid Foundation America (CAF America). It’s a nonprofit organization which has joined forces with Omaze to make fundraising simple as well as safe and efficient. CAFA makes use of donations to pay grants for charitable organizations.
Omaze Prizes
Omaze offers a variety of incredible prizes, which they call Experiences. The prizes include luxury cars, dream homes, the opportunity to get to know your favourite celebrity, or a once-in-a-lifetime trip.
Here are a few examples of the previous and current prizes offered by Omaze:
- A chance to be the owner of the multimillion-dollar Miami dream house
- A trip to Japan specifically designed for you
- A memorable safari experience and stay at Giraffe Manor in Kenya
- The chance to be the first to win tickets to two of the first Virgin Galactic flights to space
- A private meet and greet for Dwayne “The Rock” Johnson
- A luxurious vacation to a spa resort in Thailand
- First class tickets on planes to anyplace in the world.
- A chance to win luxury automobiles and other vehicles
Omaze has a constant stream of new campaigns and enticing prizes. Check their website to see additional prizes and details. Also, you can view previous prizes and the winners. For previous contests, you can also see the amount the charity has received.
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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 that was up for auction was their ideal trip: a basketball game and dinner with Magic Johnson. But, the bidding was so high that they ended up being outbid. The prize was only $15,000.
They couldn’t comprehend why such a huge prize only raised a small amount to support a worthy cause. They also felt that this method of fundraising was restricted to rich people only. They felt that extraordinary experiences such as this shouldn’t be available only to a select group of wealthy people.
They decided to create a new kind of fundraising, which would be available to a more significant amount of people.
This fundraiser would be made available on the internet, which means that everyone can take part. Participants wouldn’t require a lot of funds to participate this event, which could encourage more participants and help to raise money to support the cause.
They believe that charitable organizations should feel better about marketing themselves through this platform because it’s an excellent cause. Their platform allows charities to connect with a wider market in a way that is appealing to raise money.
Is Omaze real?
While the business has been the subject of some criticism, it seems that they’re actually legitimate. As of now, they’ve raised more than $100 million for charity , and have awarded the prizes to the participants in accordance with their promises. Numerous famous personalities have also endorsed and advocated on behalf of the organization.
Several winners have also spoken of the awards they received. Some are also featured on their Official Omaze Youtube channel.
Omaze is also certified by the Better Business Bureau with an A+ rating. Omaze Equityzen
As a non-profit corporation, Omaze takes around 20 percent of donations. If you wish to have all of your donations going to a non-profit. In that scenario, you could think about donating direct to the nonprofit or charity instead. However, the fun part of Omaze is that you have the chance to contribute and, at the same time you can get a great experience. This makes it very appealing to a larger number of people. If you’re interested in once-in-a-lifetime experiences Then Omaze is a great opportunity.
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Cost and Price Plans
Omaze lets you donate for just $10. As the donation amount increases, the number of entries will also increase, and the value of one entry decreases. For instance $150 is equal to 2000 entries, which means 1 entry for every 7 cents donated. Omaze Equityzen
Here are the donation amounts in the same amount, with the equivalent number of entries:
- 10$ = 20 tickets
- $25 = 125 entries (most sought-after option according to the website)
- $50 = 500 entries
- $100 = 1,200 entries
- $1000 = 2000 entries
According to Omaze the company, they take approximately 12% to 20% of net earnings. This is used to fund operating expenses, including marketing, content creation, and payment processing fees. A majority of the money goes to charities.
To be more precise Here’s the difference between non-celebrity prizes and celebrity prizes. For prizes that are awarded to celebrities, which are typically cheaper, 60percent of donation goes to charity, while 25% goes to Omaze. For more expensive prizes like cars, vacations, or cash 15percent of money goes to charity while 65%-75% goes to Omaze.
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Refund Policy
Omaze is currently unable to provide refunds as donations are made to charitable causes. However, if you have any concerns with your transaction You should get in touch with Customer Service as soon as possible.
Customer Service Contact Info
If you have any concerns, doubts, questions or issues. In this case, you may submit your concerns directly to their website via using the Support Center and Submit a Request link. There is also a wealth of information and find frequently asked questions at the Support Center.
Conclusion
Omaze can be described as an internet-based platform for fundraising that allows people to donate to charitable organizations in exchange for the chance to win unique prizes and experiences. Omaze is a legitimate business that has been operating for several years now. It has assisted 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 method to donate to charity. It has however, been the subject of a lot of critiques regarding how much actually is donated to charities. But, this is understandable as Omaze is a commercial enterprise which is a profit-making organization. If your goal is to just donate money to a charity and make sure that 100% goes to them, you could donate directly to the charity instead. If you’re interested in one of Omaze’s fabulous prizes, then donate through Omaze instead. It’s a win-win since you have the chance to win prizes while also contributing to a worthy cause.
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FAQS Omaze Equityzen
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Where is Omaze located?
Omaze is located in Los Angeles, California.
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Does my contribution count as tax-deductible?
All Omaze donations go to Charities Aid FoundatAmerica ion (CAFA). Since CAFA is a US charity and all donations made by US donors via Omaze are tax-deductible. Omaze platform are tax-deductible to the extent the law allows. If, however, your donation is made in conjunction with an experience-based perk that is worth more than the experience perk will be deducted. So if you donate $100 and receive a perk worth 75 dollars, the tax-deductible contribution is $25.
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Do you know of any Omaze scams?
While Omaze is being criticized by a lot of people on the internet as a scam however, the company is completely authentic. They can raise funds to benefit the organizations involved and award participants as promised. To ensure your safety ensure that you give your money to Omaze’s official Omaze site only. Verify if the website is genuine or not prior to making a donation of your money.
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What are the odds of winning?
The more you contribute the more likely you are of winning, as a greater donation equals a greater number of entries. However, you can still participate without contributing money to qualify for a specific amount of entries.
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What is the process to confirm the winner?
When the contest has ended after the contest has ended, a winner could be randomly selected using a cryptographically secure random number generator. Following the random drawing process Omaze’s team will complete the confirmation of the winner. You may view more details on the process at their site.
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How can they get in touch with them? the winners?
An Omaze representative will notify the winner of the contest via email. The potential winner has 24 hours to reply to the email sent. The Omaze could contact them with an scheduled video conference as well. If a winner has responded to and confirmed an initial message, they must accept the paperwork provided to them from an Events Team as part of the process of confirming the winner.
Please note Omaze won’t reach out to winners via social media, only through email.
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How does Omaze earn money?
As a not-for-profit entity, Omaze is able to collect a 20% fee on net raises from their campaigns. To ensure they stay up and running, this fee can be used to fund operating expenses, including advertising, content creation, and processing fees.
