Is there a best way to raise money?
That question is really at the heart of what most nonprofits want to know.
And recently I was reminded of this when asked a question for a Virtual Summit for Nonprofit Changemakers in which I’m participating in the early Fall. [There will be a ton of useful content presented in this online conference – by 20 of well-respected experts over two days – so please check it out.]
Here’s what I was asked:
What is the best advice you can give to a fundraiser… and does it hold true in times of crisis?
I thought about this long and hard. Because I’ve lots and lots of advice!
But… my best advice? Hmmn…
And then it came to me.
I recalled a favorite quote.
“If I had an hour to solve a problem I’d spend fifty-five minutes thinking about the problem and five minutes thinking about the solution.”
— Albert Einstein
That’s the advice!
You see, one can’t really pick a best fundraising strategy without first fully describing the reason money is not already flowing in. In other words…
You must identify and define your problem before attempting to solve it.
The time you spend doing so will be well spent. And when it comes to fundraising, worth its weight in gold.
I like to go through an iterative process of asking why, why, why, why…. until I’ve exhausted every question. It looks something like this: