4 Keys to Raise Money in Today’s Social Nonprofit Fundraising Environment

keys 4 Pixabay-791641_640Wondering where fundraising is heading in our highly networked, overly saturated, noisy-as-all-get-out post-digital revolution world?

It’s a bit of a jungle out there, with so much competition for attention — for-profits, other nonprofits, political campaigns, friends, family.

It’s a wonderful time to seize the opportunity to put in place a system that values multiple voices.

Truly, if you’re able to really show people how much you value them, you’re going to rise to the top of the heap.

Of course, sometimes it’s easier said than done.

Today we’ll explore 4 keys to raising money in our socially-revolutionized zeitgeist.

Bad News/Good News:

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Persona

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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Your Nonprofit Appeal Response Device, Like Cheese, Stands Alone

Farmer_in_the_DellRemember the children’s ditty The Farmer in the Dell?

At the end, when all is said and done, what happens to the cheese?

It STANDS ALONE.

Your fundraising appeal response device, whether a reply card or donation landing page, is very much like this proverbial cheese.

In fact, it may be the most important element of your fundraising package.

Do you treat it with respect?

Or do you focus the lion’s share of your time on crafting, reworking and editing your appeal copy?  Then thinking about your letter and package design? And then waiting until the very last minute to think about your response device, treating it like a nuisance or unimportant chore?

Way too often I see folks spend endless hours crafting their appeal, only to fly by the seat of their pants when it comes to the response devise. This is a huge mistake.

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Book cover - Anatomy of a Fundraising Appeal Letter

NEW Feature: Fundraising Do’s and Don’ts — Spring Email Appeal

I’m offering a new feature of “Do’s vs. Don’ts.” I’ll run it occasionally, as ‘teaching opportunities’ arise. Please let me know if you find it useful!

Okay, let’s begin with today’s timely spring email example.  Do you think it’s a “Do” or a “Don’t?”

What’s wrong/right with this picture? **

EmailNO_StVincentDePaulSF

I’ll tell you my own thoughts in a moment.  But first…

Think it through yourself because you’ll likely get more out of this if you do.

Seriously, I mean it.  We learn best by doing.

Take five minutes and jot down your answers to the following questions on a piece of paper or your screen.

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Ask sign

How to Choose the Most Effective Fundraising ‘Ask’ Words

Words matter.

You know this when it comes to your personal life (surely you can hear your Mama’s voice in your ear). You certainly know this when it comes to political correctness (surely you know the words to avoid, at all costs). You even know this when it comes to your professional life (surely you take pains to avoid certain acronyms and jargon).

Well… guess what?

Words matter when it comes to fundraising too!

When asking people for a charitable gift, choose your words with care.

Which Fundraising Ask Word Works Best?

Here are some common ‘ask’ words:

  • Give
  • Donate
  • Contribute
  • Provide
  • Invest
  • Pitch in
  • Chip in
  • Participate
  • Join
  • Bestow
  • Bequeath
  • Leave a legacy

I have strong favorites, as you may be able to infer from the words I’ve boldfaced.

Let me tell you why.

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9 relatable reasons

9 Strategies to Make Your Nonprofit Fundraising Appeal Relatable

9 relatable reasonsThe inimitable Seth Godin recently posted some wisdom I want to share, because it applies directly to how you must ‘sell’ your nonprofit if you hope to inspire folks to join with you to solve the problems you address.

As is always the case with Godin, it is succinct. It’s also both common-sense and deeply insightful — critically so — when you take a moment to dig in a little. It relates to one of the most critical elements of any fundraising appeal:

The problem.

You see, folks won’t give to you simply because you exist.  Or because you’re nonprofit. Or because you’re ‘do-gooders.’

They won’t even give to you because you claim you’re addressing important issues or resolving a significant problem.

It takes more than that to capture people’s imaginations and inspire philanthropy.

The problem has to be vital, and the solving of it relevant, to them.

There are at least nine different ways in which a problem will capture a donor’s attention.

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Meeting over coffee

BIG Tips to Raise BIG Money for Your BIG Mission

If I had to tell you what you need to do to succeed with major gift fundraising in one sentence it would be this:

Identify major donor prospects… qualify them so you know they want to build a deeper relationship with you… cultivate them… visit with them… listen to them… reflect back to them what you heard… ask them for something specific that resonates with their passions… steward their gift and communicate in an ongoing way to make them feel like the hero they are!

Whew – that was a mouthful!

A shorter way to say this is: Meet with donors. Listen to donors. Ask donors.

See — it’s simple!

It’s definitely not rocket science. It’s just good old hard work. Satisfying and rewarding work. And it’s a type of work anyone can learn to do. [If you want to learn, please sign up for the next Certification Course for Major Gifts Fundraisers e-course . It may be the most important investment you make all year. Just one major gift will more than cover the cost].

Over my 37 years in fundraising, 30 of them working in the trenches as a director of development for organizations with budgets ranging from $1 – $40 million, I have asked for a lot of major gifts.  I know what works, and what doesn’t work. Today I want to give you:

(1) some of my best words of wisdom, and also

(2) answers to some of the questions folks frequently ask me .

I hope these tips will help you tweak your mindset and invigorate your systems so you can be more successful fundraising in the coming year!

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roaring lion

Unless You Do These 7 Things, Your Major Gifts Program Won’t Succeed

Every nonprofit should have a major gifts program.

That’s where the lion’s share of the money is.

It’s a rare organization that has a mailing list large enough to raise a million dollars from a million different $1 donors. But most nonprofits do have major donor prospects hiding in plain sight.

It’s up to you to find them; then move them along a cultivation path that prepares them – and you – to make an ask that results in a win/win values-based exchange.

Let’s review 7 secrets that will guarantee your major gifts program is a success, whatever your size.

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3 Nonprofit Secrets to Rock Major Gift Fundraising

There’s a treasure trove of knowledge and research around major gift fundraising. What works well.  What doesn’t work at all.  What’s, at best, half-baked.

It’s not rocket science.  But there’s definitely art, and some science, involved.

The gestalt way of thinking about the three secrets boils down to simply being:

(1) smart,

(2) systematic and

(3) passionate.

But, I’m pretty pragmatic. So I’d like to give you something more practical.

If I had to pick the top three practical secrets to success, they would be the following:

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