Are you treating your donors like gumballs?
You are if you consume them in five minutes, then never think about them again.
Alas, too often nonprofits treat their donors exactly like a gumball dispensed from a machine.
Chew it up. Spit it out. Done.
Transaction over.
Want your donors to sustain you? Then you can’t treat them this way!
Whatever size gift they make, they’re unlikely to make it again — let alone give more — unless
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It’s not too late to use these tips to help with your year-end fundraising.
This new “Do’s vs. Don’ts” feature is popular, so I thought I’d share another one that seems like a good ‘teaching opportunity.’ It’s a twofer, as I’ll discuss both the appeal and the donation landing page to which it takes folks — should they be inspired to click through.
Please note: Sometimes I can’t omit the name of the charity in the examples I use. Please know I’m coming from a place of love, and don’t mean to shame anyone. As with almost anything you can think of, there’s good AND bad in the examples I share. We learn both from mistakes and stellar efforts. Our own, and others. Kudos to all who put things out there and make an effort. The only way you learn is by trying. Believe me, I’ve sent out some real clunkers in my time as a development director! If I ever use you as an example, and you disagree or want to clarify, feel free to contact me directly.
Okay. Let’s move on.
We’re going to evaluate every element methodically.
I’ll ask you some questions.
First, I’d like you to think about your answers and jot them down.
Second, I’ll tell you what I think.
Let’s begin!
I’m continuing with my occasional “Do’s vs. Don’ts” feature which I began last spring. I promised whenever something arrives in my mailbox that seems a good ‘teaching opportunity,’ I would share it with you. I hope you find this timely example useful for your year-end fundraising ‘clean-up!’
Clean-up? Yes. That’s exactly what I want you to do right now.
Get. Everything. In. Order.
Tie up loose ends so you assure nothing slips through the cracks before the calendar year closes.
Take a look at all your sources of support last year.
Who’s given this year already? Who hasn’t?
There’s a lot about fundraising folks take for granted. And not in a good way. Because… much of it is untrue!
In fact, if you, your executive director, your board members or anyone else where you work subscribes to these fictions you’ll be in for a lot of pain and suffering. You won’t raise near the money you could otherwise raise. And you won’t enjoy your work.
But there’s a fix!
Previously I wrote about certain self-evident fundraising truths. Truths you want to hold close to become a fruitful philanthropy facilitator. The problem? These tenets I call truths are too often not apparent at all.
Why?
A disinformation campaign is unconsciously being waged by leaders who:
Oh, dear. Guess what?
Like anything else worth doing, fundraising must be done well to succeed.
You get out of it what you put into it. And… the truth shall set you free!
If you believe any of the following untruths, your fundraising program is in jeopardy. And so is your mission. Let’s break these down.
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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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Imagine what it would mean to your mission if you doubled the lifetime value of all of your current supporters.
Do you know even know what percentage of donors you’re retaining?
According to Jay Love, founder of Bloomerang, less than 45% of fundraising offices know this answer!
So, you’re not alone. But you can do better.
Because knowing your retention rate enables you to move it to something better.
And I’m going to guess, if you’re like the majority of nonprofits, you probably need to improve your donor retention.
At least if you want to grow.
Or maybe even just survive.
Just a small change in retention, up or down, can mean thousands of dollars.
It’s your choice whether they’re your gain, or your loss.
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The Unfair Exchange Bernadette Jiwa, The Story of Telling.
That will be eight dollars,’ the woman, who is carefully weighing and wrapping two serves of freshly made fettuccine for us to take home, says.
As my husband is about to hand her the cash, she takes another handful of the pasta from behind the glass and adds it to our package.
She doesn’t announce that she’s giving us twenty per cent extra for free.
She doesn’t even invite us to notice the gesture at all.
It’s enough for her that she knows she has added value.We think of value as a hard metric—the anticipated fair exchange of this for that.
But value can be a surprising, generous, unfair exchange.
Something that is given because we can, not because we must.
Ah… value.
Wow, wow, WOW!
This is what all fundraising, fundamentally, is about.
Yet one side of the exchange is a hard metric: The donor’s cold, hard cash.
While the other side of the exchange is something decidedly less tangible: Freely given gratitude from you and your organization.
Or at least that’s how it should work.
What does your donor love and loyalty plan look like?
Do you even have such a plan?
If the only reason you acknowledge donations is because you feel you ‘must,’ it’s likely your donors aren’t walking away from the encounter feeling much more than matter-of-fact. The transactional receipts many organizations send out are registered by the donors as “Ho, hum. Guess I’ll go file this with my tax receipts.”
This kind of exchange is fair, sure.
But it’s not generous.
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By now you undoubtedly know you’re losing too many first-time donors.
In fact, the most recent Fundraising Effectiveness Project report shows you’re losing an average of 68% of these folks!
Today I want to talk about a subset of new donors who don’t renew. They’re called “third party donors,” and they come to you through a variety of portals:
The good folks at Classy know most nonprofits are not doing a good job cultivating donors who come to them through third parties, so they’ve prepared The Guide to Courting Third Party Donors. You can download it for free (40 pages), but let me give you the highlights – along with some of my own thoughts.
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Giving is not always its own reward. Sometimes you have to help it along. I just read an article by Scott Monty, who has a pithy take on the digital world. His newsletter is not nonprofit specific, however it is certainly relevant to anyone working in the social benefit sector. In this particular article he…
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Fighting the good fight for your nonprofit’s cause is what you do best.
Funding your mission, however, is always challenging. The planning, the lists, the headaches, the inevitable snafus that arise at any given moment… it’s a lot of effort to solicit a single donation.
And while seeking out new donors is vital to raising money for your cause, what if you could double your donations with your current donor list?
With the 3 E’s—education, ease, and encouragement—you can maximize your donations by getting more of your donors to match their gifts.
Ready to help your donors make the most of their gifts to your cause?
Let’s dive into what makes matching gift fundraising such a powerful way to tap into the hidden potential of your supporters.
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