How to Persuade New Donors to Join Your Nonprofit Mission

Children holding hands

There’s a first time for everything, if you will it

 

What makes us think a perfect stranger, who’s never given to our organization before, will choose to do so?  It’s highly counter intuitive.

People are most likely to continue doing what they’ve done before.
Commitment and consistency is one of Robert Cialdini’s six principles of influence, and it’s useful in nonprofit marketing and fundraising. But only if you’ve got existing donors.
We talk a lot in fundraising professional circles about the folly of concentrating too many resources on donor acquisition and too little on donor retention. And for good reason. It’s significantly easier and more cost-effective to keep a current donor than to recruit a new one. Why?
It’s appreciably more difficult to get people to reach a new decision than to repeat an old one.
In fact, whenever I coach volunteers to do fundraising, I always suggest they remind current donors how many years they’ve already been giving to the organization.  This acts as a decision-making shortcut for these folks. Aha! They already decided this was a good idea.  No need to sweat it out again.  Done!
But… what if you’re a start-up organization that doesn’t have many donors?
What if your only choice is to go after first-time donors? How do you make a ‘sale’ if people are making a decision from scratch, with no previous history with you or knowledge about your vision, mission and values?
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Are Monthly Donors Good Legacy Giving Prospects

Old photosYou bet!

Yet they’re generally undervalued in this regard.

And it’s not just monthly donors who are undervalued.

It’s legacy giving in general.

How robust is your legacy giving program?

Legacy giving is largely misunderstood in the nonprofit world.  Too many organizations think it’s not for them. Why?

Do any of these statements sound like something you’ve felt or heard from others within your organization?

  • Legacy giving is complicated and overwhelming.
  • Legacy giving requires significant legal and financial expertise.
  • Legacy giving requires offering “vehicles” we’re not equipped to offer.

These are myths.

Really, all you need is expertise about your mission and the values your organization enacts.

You are a philanthropy facilitator, not an attorney or financial advisor.

As a philanthropy facilitator, it’s part of your job to help loyal supporters make their most passionate, heartfelt gifts. This enables them to enact their values, and to achieve a bit of immortality.

Here’s What’s True

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How to Find Your Nonprofit’s Highest Likelihood Major Donors

Hands, Heart, Silhouette, Setting SunIn 5 Indicators for Identifying the Best Potential Donors, a guest post on the Bloomerang blog from Ryan Woroniecki of Donor Search, the key indicators someone might be inclined to support you with a major philanthropic gift are laid out.  These indicators are, in order:

  1. Previous giving to your nonprofit
  2. Giving to other nonprofits
  3. Participation as a foundation trustee
  4. Giving to federal election campaigns
  5. Real estate ownership

One thing is indubitably true: the more you know about people the better you’ll be able to assess, and work with, their likelihood to invest with you philanthropically.

Another thing is also true: not all these indicators are created equal. They’re listed in order of importance above but, for my money, numero uno is far and away the most significant.

We hold these truths to be self-evident

The people most likely to become major donors to your organization are already known to you. You don’t have to do research to find them, or find friends to introduce you or gate-keepers to let you in. You only have to do one simple thing.

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