Are you framing your ask as an “annual appeal” or as “we only ask once a year?”
It matters, because people will account for how much they spend on usual annual giving differently than how much they’ll spend for exceptional, one-time occurrences.
And a growing body of research in psychology and behavioral economics shows how you frame your ask can have a big difference in your fundraising results. Much of this has to do with how people mentally account for all consumer ‘purchases’ — including charitable giving.
Researchers have found people don’t treat all their money, time, effort or other resources as if they have one big pool of it. Rather, people have separate mental accounts.
When we spend resources we keep track of that expenditure based on the mental account it came from.
This has significant fundraising implications, so it’s important to delve further into this mental accounting principle.Details