Girls sharing secrets

5 Secret Nonprofit Donor Retention Action Strategies

Girls sharing secretsGiving is an emotional experience. It deserves an emotional response.

Be human.

Ever notice how sometimes when we put on our work hats we cease to be human? How we somehow morph into little robotic “professionals” and become enamored of jargon?

“Lybnts.” “Sybnts.” “Recaptures.”

Not that those things aren’t important. You need goals and objectives.

And given the dreadful state of donor retention in the U.S. today (and in the U.K and Canada as well), it’s vital you be able to measure how you’re doing. Because growth in giving is a factor not just of how many new donors and dollars you acquire, but also of how many donors and dollars you lose.

If you lose as many current donors as you gain new ones, you’re getting nowhere. Fast.

Treadmills Are Only Good in the Gym

Slow down.

Think about what you’re doing and why. You may need to change your frame of mind.

When you acquire a new donor, is it for that one-time transaction? If so, that’s not a very thoughtful strategy, because it costs more money than you make to acquire new donors. In fact, you likely won’t make back your investment for 18 months or so. You won’t make it back at all if you don’t renew that donor.

Nonprofits, sadly, have been on a non-stop treadmill. Donors in. Donors out. Donors in. Donors out. So… something about just measuring this stuff isn’t really working.

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Event guests wearing masks

Nonprofit Event Fundraising: They’ll Never Forget How You Made Them Feel

Event guests wearing masks

 

In Part 1 we looked at establishing event goals and objectives; then determining if an event was the most efficient and effective way to achieve desired outcomes. In Part 2 we reviewed 4 top event planning tips. In this last article of a three-part series on event planning we’ll look specifically at how to make the event “stick” emotionally.

1. Overall, we’ve recognized most events are less about actual monetary return on investment (ROI) than they are about return on engagement (ROE). In other words, if you’re doing an event purely to raise money there are other more cost-effective fundraising strategies.

2. However, events done right are an excellent awareness-raising, branding and donor cultivation tool. You just have to go into events fully cognizant of what success will look like, both from your organization’s and your donor’s perspectives.  Only armed with this understanding can you create events that will be worth your while.

3. Today we look at ways to make events – once you’ve decided to hold them – fulfill both your and your donors’ dreams. This is where you deliver on becoming unforgettable — in a truly great way — so the next time you reach out you are warmly embraced. In other words, this is the first step to getting event attendees to stick with you over time.

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Gala event room

Top Proven Nonprofit Fundraising Event Planning Tips

Gala event room

In my last article (Part 1 of a three-part event planning series) I offered a compendium of common sense event planning advice. It centered on the wisdom offered to Alice by the Cheshire Cat when she asked which road she should take:

“Would you tell me, please, which way I ought to go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where–” said Alice.
“Then it doesn’t matter which way you go,” said the Cat.

— Alice in Wonderland

When it comes to special events, your goal is important.

Once you settle on a direction, then you’re able to pick the best road to take you there.

Hopefully you read the previous article, determined an event was your best strategic option to reach your primary end goal, and now you’re ready to get to work!

4 Top Planning Tips to Invite and Ignite

1. First you want people to come. 

This means your invitation to the event should incorporate the following:

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10 Strategies to Actively Build Nonprofit Donors Trust

trustTrust defines the credibility and legitimacy not only of your organization, but of the entire social benefit sector. Yet too few organizations make the effort to operationalize this construct into their fundraising and marketing planning.

You should.

Without donor trust and confidence in philanthropy there’s no future for social benefit organizations.

Donor retention guru Professor Adrian Sargeant has spent 20+ years researching the relationship between trust, philanthropy and continued donor commitment. And he has found, unequivocally, that trust is the essential foundation of the philanthropic relationship.

Ignore this at your peril.

Actively Build Donor Trust

The Donor’s Bill of Rights is a great starting point.  But simply using it as a checklist is not enough.  Too transactional. I encourage you to go above and beyond. Because the best predictor of future giving is when people feel good.

You can make giving to you a transformational experience. How? By actualizing what you learn here into a series of multi-step plans for:

  1. Gift Acknowledgement that Satisfies Donors

  2. Donor-Centered Communications that Instill Happiness

  3. Useful Content Marketing that Offers Gifts

  4. Consistent Branding that Instills Confidence

  5. Relationship Fundraising that Creates Meaning and Builds Loyalty

If you take these five steps, implementing the 10 strategies incorporated below, I can guarantee you’ll steadily build trust and make donors happy. They may seem simple, and they are. But honestly ask yourself if you really do these things right now? Trust must be earned, and it can be fragile. So, I’m going to guess you could do better. Please read these action steps with an eye to what you might do to make your donor retention plan – what I prefer to call a “donor love and loyalty plan” – more vigorous. It’s up to you to establish trust and magnetically pull your donors toward you so they never let go.

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Thank you note writing

Don’t Blow Your Post-Holiday Opportunity to Thank Your Nonprofit Supporters

Thank you note writingFor good things once a year is not enough. Why do so many of us only eat turkey once a year?  Or pumpkin pie? I’ve no idea! It’s surely not rational. These are special foods we value and take great delight in. Yet we get into a bad habit of thinking on auto pilot. If it’s not Thanksgiving, the idea of roasting a turkey or making cranberry sauce doesn’t even enter most or our heads. And egg nog, hot mulled cider, panettone and stollen are mostly Christmas things. And then there are the once-a-year only potato latkes. Why are we missing out on an opportunity for greater joy and satisfaction?

When things are good, they bear repeating.

And this is most certainly the case with expressing gratitude to your valued supporters!

It’s not rational to thank your donors only annually.  They keep you going all year long. They deserve your gratitude all year long as well.

What better time to thank supporters than right now, and all through the coming weeks, after a holiday season filled with gratitude?

The much-anticipated “holiday season” is pretty much over. There’s a natural let-down for many.  Wouldn’t it be lovely for your donors and volunteers to get a call from their favorite charity? A call that simply expresses gratitude? 
            “Joe, how was your holiday? I just called because, in thinking over the past few days about all for which I’m grateful, I realized I’m grateful for you and all you do to make our community a more caring place. I just wanted you to know how much your support is appreciated. Thanks so much, and may the new year bring many blessings.”
My hunch is there’s nothing better you could do with your time today. Or early next week if you’re taking some personal (or shopping the sales?) time today.

All the “strategies” in the world can’t substitute for a genuine, personal connection that comes from the heart.

Connect!  Express your thanks! Don’t let weeks and months go by. Don’t wait until you’ve got a perfectly crafted letter, email or insert piece. That’s called procrastination, or “letting perfect be the enemy of the good.” Sometimes, timing is everything.
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Halloween skeleton

8 BOO BOO’s! Are You SCARING Nonprofit Donors Away?

Halloween skeleton

Is this how you’re making your donor feel?!?!

 

BOO!

Halloween is creeping up on us, so I’ve got some really scary stuff for you!

Don’t get too spooked. There are also a few treats.

In fact, you’ll get eight delicious goodies — in the form of “to-do’s.”

But first… the bad news.

No bones about it, you’re frightening folks away if you’re committing any of these 8 boo-boo’s!

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Three San Francisco Hearts: City Sprawl; Gathering; A Boricua in San Francisco. Benefit for S.F. General Hospital Foundation.

Progress is transformational. When you arrive, you feel good.

Actually, with the most awe-inspiring transformational journeys, you feel good before, during, when and after you arrive. Why? Because you’re following something that calls to you. The siren song of the calling stirs you, continually. You, your organization, your supporters… you’re all journeying forward on a quest that takes you each where you’re pulled to…

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