Republicans need to understand what's happening here:

This is the result of just three emails sent by the Obama campaign. It's more than Mike Huckabee raised last quarter. It's probably more than any Republican raised online last quarter with the exception of Ron Paul.
Think about that. One email. $650,000.
Imagine what their nominee will do to us with the entire weight of the online Democratic Party behind them. I'm thinking $1 to $2 million an email.
Each email is the equivalent two or three fundraising dinners. Each of which probably require hundreds of man hours to produce. That's only for of one email, not the three that have been sent this week. One email that probably took someone an hour or two write, that took a few hours to get approved, that took another hour or two to be formatted and sent. (And "stripped down" email is even more efficient.)
All because they were able to build up a huge list in the hundreds of thousands using proven list-building techniques that, to some degree, can be duplicated by anyone.
At the end of Q2, the campaign claimed 235,000 BarackObama.com members. Given his astronomic traffic the first half of the year, the fact that they incredibly claimed more donors than online supporters, and growth since then, I have to think the mail universe they're sending to is closer to 500,000.
So I'm going to guess their metrics for this campaign look like this:
500,000 emails sent175,000 opened the message40,000 clicked through20% conversion rate8,000 donors @ $80 per donation = $640,000
But as successful as Barack has been online, not all their campaigns have been this successful. Their end of quarter campaign, for instance.
Comparing this blog post with their fundraising graphic, Obama picked up 9,439 contributions in the last three days of the quarter, having sent an email each of those days. Assuming $80 a contribution (the going rate for Democratic online contributions, at least according to John Edwards's ActBlue page), that's just shy of $750,000. Or $250,000 an email.
How did they more than double their fundraising performance per email?
First, the message of this campaign is a lot stronger. It opened up on Tuesday with an email from BO himself called "Hillary's money." They're going negative on Hillary. That's attention grabbing.
Second, the goal is audacious but ultimately realistic. $2.1 million sounds like a lot. Unless you know you can count on at least $500,000 an email and show measurable progress towards the goal through a live counter. In 2004, Joe Trippi talked about the $100 Revolution -- 2 million people giving 100 bucks to match President Bush. That probably struck a lot of folks as pie-in-the-sky. $2.1 million is doable. Set big goals you can realistically achieve with a short but powerful burst of activity.
Third, the message of the end-of-quarter campaign was so weak by comparison. It was basically: we're 34/35ths of the way there -- help put us over the top. That's not inspiring. That tells people they're not needed because they're so close anyway, they're just a statistic and someone else will fill the gap. Even though 10,000 new donors is a lot. They would have been better off resetting the counter to zero.
How much does the stripped down format help? Probably only at the margins. It probably means your message gets read more, but arguably the point is not to get people to read. It's to get people to click. The first time they tried stripped-down email was in the end of quarter campaign and it probably didn't help much. Message matters more.
This is all part of a pattern of experimentation that is vital in every campaign. The Obama team probably saw they weren't getting the results they were used to getting in previous quarter-ending efforts, so they tried something different, using real dollars and starting the counter at zero.
Ron Paul's campaign in the second quarter was everything its supporters so fervently claimed: distributed and supporter-driven. They raised $2.4 million. In the third quarter, they used technique to boost that return dramatically, putting a live fundraising counter on their homepage. That raised $5.1 million. Technique and gathering momentum doubled the return. And now, in the ultimate test of whether radical transparency and audacious goals can transform fundraising, they're looking to leapfrog the frontrunners with a $12 million goal.
The lesson here is get in the game. Always try new stuff. Do bold audacious things to first build your list and then monetize it. Try everything at least once, but don't get distracted by the shiny new Web 2.0 toys. Socnets still can't raise what email can. And realize that the Web is more than just a medium for getting your message across. It's a medium for moving people and money.
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