Leverage Millennial Marketing Strategies to Woo ALL Nonprofit Donors

Marketin to MillenialsDo you ever worry you’re not doing enough to attract the donors of the future?

Does thinking about how to market to Millennials (who already are the largest segment in the workplace, will be 50% of the U.S. workforce in the next two years, and who will be 75% by 2030, according to the U.S. Bureau of Labor Statistics) fill you with anxiety, because it’s just one more thing to add to your overflowing list?

Fear no more!

Today I’m going to tell you how you can have it all – and with very little extra work.

Don’t get me wrong.  I’m not dissing a multi-generational strategy. If you can manage to treat different types of donors differently, you absolutely will get the biggest bang for your buck by so doing.  However…

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Are You Rocking Donor Retention 101?

It’s doubtful you are unless you’re making robust use of your donor database for this purpose.

In other words, you must make this a TOP priority.

Retention lives or dies in how effectively, or not, you use your database to support your relationship-building, loyalty-driving efforts.

If you think of your database as a largely undifferentiated mailing list, you’re not going to realize your potential to:

  • Boost renewal rates
  • Increase average gift size
  • Upgrade donors
  • Secure major and legacy gifts
  • Recapture lapsed donors
  • … and more!

Really, I just can’t bear to think of you not maximizing return on your investment. And that won’t happen unless you focus on donor lifetime value.  And lifetime value will be very, very small — unless you retain and upgrade donors over time.

There are 5 Keys to Donor Retention

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How to Use Donor Personas to Identify New Prospects

PersonaYou love your current donors, right?

You want more just like them, right?

The best way to find folks similar to your current supporters is to begin by creating a profile of who your best supporters are. So let’s go ahead and create a profile (aka “persona”) for your model donor.

Your Surprisingly Easy Way to Use Personas to Discover New Donors

Donor personas are hypothetical “stand ins” for your nonprofit’s actual donors. They enable you to stand in your donors’ shoes and think from their perspective – a pretty handy thing if you’re looking for people who might like to make an investment with your nonprofit!

Begin with demographics.  Then move on to psychographics.

Start with the basics.

Get out a sheet of paper and grab a pen.

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