Omaze is an online platform on which users can donate to charitable causes and get a chance to be the winner of various prizes and experiences. It’s a unique crowdfunding approach to raising funds. Based on the information provided by the firm, the users have raised over 150 million dollars and have supported more than 350 charities. The charities are spread all over the world. These charities are renowned non-profit organizations like UNICEF, After-School All-Stars, Julia’s House, Product Red as well as Make-A-Wish Foundation.
Donations aren’t necessary to be entered into a contest but they earn extra contest entries and other perks. Users are able to choose the charity they want to donate to. Each contest has its own unique prize, from luxurious automobiles to unique experience.
Before you go on, you may want to check out this video by The Entrepreneur on YouTube that gives a quick overview. Afterward, you will want to read the rest of our article for a more comprehensive review.
What is the process behind Omaze function?
Omaze Revenue Model
Omaze believes that everyone should be able to be a part of fundraising. Traditionally, charitable organizations usually relied on fundraising events that only the rich and famous could attend. Omaze was founded to make charity auctions through its unique fundraising method. This means that everyday people can give to the charity they choose starting at just $10.
There are two ways to participate. One is by donating, and the other is by taking part for free. It is possible to enter any contest without donating however you will earn extra entries based on the amount you contribute. The greater your donation is, the more prizes you’ll win.
To donate, go to “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 may donate as many times as you like. There is however an upper limit on entries which varies based on the prize.
To be eligible for a free entry, go to the Experience or Prize page on the website. Select the “enter without contributing link” and follow the directions. You’ll need to fill out the form. When you submit the form, you will receive a specific amount of entries. The form can be submitted as many times as you like, but again you will be subject to a certain Entry limit.
Omaze has received some criticism about what percentage of prize goes to the charity. For expensive prizes, only around 10-15 percent of the proceeds go to charity. The company has replied to say that 10% is still an impressive amount. The remainder of the money is used to pay for the costs of marketing and operations to keep them running. The most important thing is that people are motivated to give because of attractive prizes.
For prizes that are less costly The company claims that 60 percent of the prize is given to charities.
Donations made through the site go directly towards Charities Aid Foundation America (CAF America). It’s a nonprofit organization which has joined forces with Omaze in making fundraising easy as well as safe and efficient. CAFA uses donations to fund grants to charitable organisations.
Omaze offers a variety of amazing prizes, which they refer to as Experiences. These prizes include luxurious cars, dream homes, a possibility to see your favorite celebrity, or a once-in-a-lifetime travel experience.
Here are some examples of the previous and present prizes that are offered by Omaze:
- Chance to be the owner of the multimillion-dollar Miami dream home
- A vacation in Japan specifically designed for you
- An unforgettable safari and stay at Giraffe Manor in Kenya
- The chance to get two seats on one of the first Virgin Galactic flights to space
- An exclusive meet and greet with Dwayne “The Rock” Johnson
- A luxury trip to a spa resort in Thailand
- First class plane tickets to any destination in the world
- A chance to win luxury automobiles and other vehicles
Omaze offers constantly exciting new campaigns and prizes. Visit their website to view additional prizes and information. Also, you can view previous prizes as well as the winners. For contests that have been held previously you can also view how much the charity received.
Who was the person who started Omaze?
Omaze was launched at the end of 2012 through Ryan Cummins and Matt Pohlson. As per the site, they got the idea after they attended an auction benefitting charity. The item that was up for auction was their ideal trip including a basketball game as well as dinner in the company of Magic Johnson. The bidding was to the point that they were outbid. The prize was just $15,000.
They couldn’t comprehend why such a huge prize only raised a small amount to support a worthy cause. They also believed that this fundraising model was limited to rich people only. They thought that incredible experiences like this should not be restricted to a few wealthy individuals.
They decided to create an entirely new method of fundraising, which would be available to a significant variety of people.
This fundraising would be available online, so anyone could participate. It wouldn’t take much money to enter, which would encourage more participants and help raise more funds in support of the organization.
They believe that charitable organizations can feel more confident about advertising on this platform since it’s for an important cause. Their platform allows charities to reach out to a broader public in a more appealing way to raise money.
Is Omaze legitimate?
While the company has faced some criticism, they appear that they are indeed legitimate. As of now, they’ve raised more than 100 million dollars for charity and have given out prizes to the participants in accordance with their promises. Numerous famous personalities have also endorsed and advocated on behalf of the organization.
Many winners have also spoken about the prizes they have won. Some are also featured on their Official Omaze Youtube channel.
Omaze is also certified as a member of The Better Business Bureau with an A+ rating. Omaze Revenue Model
As a non-profit corporation, Omaze takes around 20 percent of donations. Imagine you want all your contributions to go to the non-profit. In that case, you might decide to donate direct to the nonprofit organization or charity instead. But the best thing of Omaze is the fact that it allows you to are able to contribute while in the process you can get a great experience. This makes it very appealing to a wider range of people. If you’re seeking unique experiences Then Omaze is a fantastic opportunity.
Cost and Price Plans
Omaze lets you donate for starting at just $10. When the amount of donation increases, the proportion of entries increases and the equivalent for 1 entry decreases. For instance 150 dollars equals 2000 entries, which is one entry for every seven cents that are donated. Omaze Revenue Model
Here are the donation amounts that are equivalent to the number of entries:
- $20 = 20 entry
- $25 = $25 = 125 entries (most sought-after option according to the website)
- $500 = $50 entries
- $100 = 1,200 entries
- $150 = 2000 entries
According to Omaze the company, they take around 12%-20% of the net profits. This is used to fund 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 This is how it differs between the celebrity and non-celebrity prizes. For the prizes of celebrities that are usually less expensive, 60percent of money is given to charities, while 25 percent goes to Omaze. For higher-end prizes, like automobiles, vacations or cash 15% of the donation is donated to charity, while 65%-75 percent is given to Omaze.
Omaze currently does not offer refunds because the money is donated to charitable causes. However, if you have any questions 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. If so you can submit them directly to their site via the Support Center and Submit a Request link. There is also a wealth of information and answers to frequently asked questions at the Support Center.
Omaze is an online fundraising platform that lets people donate to charities with the possibility to win unique prizes as well as experiences. It’s a legitimate company that has been running for several years now. It has assisted numerous charities to achieve their goals through making donations for them. Its unique fundraising strategy gives everyone the opportunity to enjoy amazing once-in-a-lifetime experiences.
Omaze is a new method to donate to charities. However, it has 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 organisation. If you’re looking to just donate money to an organization and ensure that the entire amount goes to them, then donate direct to charity. If you’re interested in one of Omaze’s amazing prizes, then donate through Omaze instead. It’s a win-win situation since you have the chance to win prizes while also contributing to a great cause.
FAQS Omaze Revenue Model
Where is Omaze located?
Omaze is located at Los Angeles, California.
Can my tax-deductible contribution be deducted?
All Omaze donations are made through Charities Aid FoundatAmerica ion (CAFA). Since CAFA is an US charity, all donations made by US donors via Omaze are tax-deductible. Omaze platform can be tax-deductible as long as the law allows. However, if your donation is made in conjunction with an experience-based perk then the value of the experience perk will be deducted. For example, if you make a donation of $100 and get a perk worth $75, then your tax-deductible contribution is $25.
Do you know of any Omaze frauds?
Although Omaze is being criticized by a lot of people on the internet as a scam, the company is totally authentic. It can raise money for the charities involved and award participants as promised. To ensure your security be sure to make your donation through Omaze’s authentic Omaze website only. Double-check to see if the site is legitimate or not before donating your money.
What are the chances of winning?
The more you give the greater your chance of winning, as a greater donation equals a greater number of entries. But, you are able to enter without contributing and still be eligible for a certain amount of entries.
What is the process to confirm the winner?
After the contest is over, a potential winner is randomly drawn via an encryption-secure cryptographically secured randomly generated number generator. Following the random drawing process Omaze’s team finishes the confirmation of the winner. More details about the procedure through their official website.
How do they contact and to announce winners?
An Omaze representative will notify the potential winner 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, too. Once a potential winner has been confirmed and responded to the initial email, they must sign paperwork sent to them by an Events Team as part of the process of confirming the winner.
Note Omaze won’t reach out to winners via social media, only through email.
How does Omaze earn its money?
As a for-profit organization, Omaze is able to collect a 20% fee on net increases from their campaigns. To keep them functioning this amount can be used to fund the operational expenses like advertisements, content creation, and processing fees.