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How-to-plan-the-perfect-Facebook-Challenge-in-2024

How to plan the perfect Facebook Challenge in 2024

The Facebook Challenge format became a fundraising sensation during the COVID-19 pandemic. People sought new ways to connect and support causes. However, the pandemic’s grip loosens, and non-profits face a different landscape. You might wonder about the future of Challenges. Should you still include them in your peer-to-peer strategy?

In this guide, we dive into the Challenge format. We evaluate if it’s right for your organization in 2024. We examine the current landscape and ace the strategic planning required. While Challenge results may not reach pandemic heights, you can still achieve substantial success. Invest in the fundamentals and follow best practices.

Already familiar with the format? Use the links below to jump to the relevant content and find out what a difference a year makes!


🎯 Who This Guide Is For

Before we go any further, let’s check who this guide is designed for (we think it might be you)!

This guide is for you if you are a fundraising lead or manager. It assists you in deciding your 2024 campaign suite. You learn how to plan and scope Challenges. Furthermore, you learn how to pitch the idea to your $\text{CEO}$ and board. We also cover planning amid the cost of living crisis.

The guide is also useful if you are a digital lead in a charity. Use it to innovate with your digital fundraising. Collaborate with your fundraising team. Together, you can test this highly effective format.

And, of course, this is for those in community or event fundraising. We provide implementation details. You know exactly what these social fundraising Challenges mean for your budgets and work plans.


🆕 What’s New in Facebook Fundraising for 2024

A lot has changed in just a year. Let’s kick things off with a whistle-stop tour of 2023’s top Facebook fundraising developments.

Key Platform Updates

What is a Facebook Challenge?

A Facebook Challenge is an online fundraising event. It happens within the Facebook ecosystem. It uses multiple features to sign up participants. Also, it provides an online community. This makes fundraising easy. Challenges provide a seamless and enjoyable supporter experience worldwide.


📈 Challenges in the Current Economic Climate

Cost of Living Crisis Impact

It’s a complicated question! Charitable income falls in some parts of the world. But on the other hand, we see overall income from Facebook Challenges continue to grow yearly.

In fact, the cost of living crisis presents an opportunity. Non-profits can invest where other charities are divesting. Crises make looking at new fundraising models vital. Focus on ones proven to work. Conversely, avoid completely experimental approaches. To decide if a Challenge fits, analyze its metrics against your portfolio. Remember that Challenges are an amazing acquisition model. They bring in a huge batch of new supporters for deeper ongoing support.

Expert Perspectives on Tough Times

Competition in the Market

Competition in fundraising is normal, natural, and inevitable. This holds true no matter what format you use! We see competition in the Challenge space. However, there is still so much potential. You can achieve a strong combination of cause, concept, and message. This activates a new audience who has never done a Challenge before.

The fundamentals are more important than ever. Therefore, invest in training your team. They must plan and deliver the Challenge effectively. Also, know your audience: design your Challenge with them in mind. Ensure the messaging connects with them.

The GivePanel Academy provides the training, resources, coaching, and peer support your organization needs to run a high-performing Challenge.


✅ What’s Working Right Now (2024)

The GivePanel team constantly monitors Challenge results. Here’s what delivers great results for non-profits:

Challenge Model Performance by Market


💡 Innovate and Increase Capacity

Innovating Beyond the Concept

Adrian O’Flynn of Get Your Stories Straight advises charities to hold space for new things. Have a separate budget line for testing. Treat this differently from your main budgets. Set a lower target for ROI and income for unproven concepts. Test them small-scale to see how they perform.

If you don’t do this, you imprison yourself in working only within tried and tested formats. O’Flynn recommends putting one small Challenge in your $\text{2024}$ calendar. Use it to try a completely new concept with a low budget. Need inspiration? Watch our webinar on coming up with your next killer Challenge concept.

You can also explore other ways to innovate: GivePanel customers see great success by adding JustGiving as a payment platform. They also use SMS for communications with participants.

Outsourcing and Resource Solutions

Challenges are labor-intensive, but we can help you with resourcing if your team is overstretched:


➡️ How Do We Get Started?

  1. Download our free planning calculator tool and start crunching the numbers.
  2. Review your calendar and find a space for a month-long Challenge. You need to factor in one month for planning and one month for acquisition. Look ahead and give yourself enough time.
  3. Make the case to senior management. Get the buy-in, resources, and budget. Book a call with GivePanel to explore ways we can help you run winning Challenges.

Take Our Quiz

Is the Facebook Challenge model right for your charity in 2024? Do you have the right resources and a suitable cause? Take our quiz and find out whether your non-profit is a suitable match.


🔗 Resources and Links