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Fundraising Tuesday: 5 Reasons You Must Personalize Your Appeal Letters

May 15, 2018 by Dennis Fischman Leave a Comment

Too Busy for Wheels

Let’s talk about why to segment your mailing list and personalize your appeal letters…even if think you don’t have the time.

Right now, are you sending out the same appeal letters to loyal long-time donors and new prospects? To retirees and college graduates starting their careers? What about people who volunteer at your events and people who show up occasionally?

Do you know whether the person receiving the letter cares about your youth program or your elder services? And do you know enough about them to call them by name?

Nonprofits, we need to send different letters to different audiences--and personalize every one of them. Here are the top five reasons why. Click To Tweet
  1. The personal approach will make more money. People who feel they are making a difference give more than people who feel they’re part of a nameless, faceless crowd.
  2. Personalization will get more donors to renew. It costs seven times as much to acquire a new donor as it does to treat a current donor well enough that they renew their gift for another year. It’s worth it!
  3. It’s the Golden Rule. Do you like reading a letter that starts “Dear Friend” and goes on to ignore the issue that made you support your favorite cause in the first place? If you don’t, why would other donors?
  4. You must be at least as personal as a for-profit business. If my health insurance company can send me a message tailored to me–and I HAVE to buy health insurance–what can I expect from a nonprofit I donate to voluntarily? Surely, you should show you care!
  5. It’s 2018. Everywhere your donors go online, they see content tailored just for them. That might be welcome. It might be a little creepy. Either way, it’s what they expect. Fall short of that expectation in print, and they may never read the letter you worked so hard to write.

 

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How to Find New Donors for Your Nonprofit Without Asking for Money

May 8, 2018 by Dennis Fischman Leave a Comment

loss for words

You don’t have to wonder what to say about your nonprofit

Does this sound familiar? You’re on the Board or staff of a nonprofit organization. You love the work it does. Yet when you’re at a party or in a social situation and somebody asks “What does your organization do?”, you’re at a loss for words.

It’s embarrassing–and it’s a wasted opportunity. That person asking you about your organization could become your most devoted volunteer, or your most loyal donor, if only you could get them interested.

And you can.

A while back, we talked about how you can create a nonprofit elevator pitch–a short summary of what’s attractive about your organization–that will make anybody ask you, “Please, tell me more!”

That’s better–but is it the best you can do? No!

Start the Conversation In Your Pitch

“No matter how quick and painless, a pithy pitch is still a pitch,” as Dixie Laite puts it. When someone asks you, “What does your nonprofit do?”, what you really want is not to “pitch” someone but have a conversation with them. It’s like pitch and catch. It goes both ways.

pitch and catch

So, one step in the right direction is to put conversation-starters right there into your pitch.

  • Laite suggest a “Do do” approach. “When someone asks you what you do, instead of going into your little canned song and dance, you instead ask them a question, as in ‘Do you know…?'”

The question gets them thinking about a problem, so that your organization can then offer a solution. For instance, if you’re an organization for youth, you might say, “Do you know that thousands of high school students are going hungry this summer because they can’t get lunch at school?”

  • Tim David offers a four-step approach to make sure your conversation partner’s interest is piqued and continues to grow.
    1. Break their expectations. Answering a question with a question (the “do do” approach) is one way of making the conversation come alive. So is making a joke. David calls this “giving them a verbal slap in the face” and “waking them up.” But you don’t have to be aggressive–just startling.
    2. Ask a problem question. If you ask them “Do you know” and their response is “Yes, that bothers me too,” you’re building rapport–and you’re on the right track.
    3. Go to the noddable. “A noddable is an inspirational or wise quote that is so catchy and agreeable, it gets just about everyone nodding.” Again, this builds rapport (on the theory that you’ve just read their mind, and great minds think alike!)
    4. Finish with the curiosity statement. Here’s where you answer the “What do you do?” question, but in a way that invites even more questions. (In other words, you’ve just given an elevator pitch for your elevator pitch, and now they’re interested in hearing the real thing!)

Beyond the Elevator Pitch

Nonprofits can learn a lot from the “do do” approach and from the “elevator pitch for your elevator pitch.” If you practice either or both of these approaches, it gets you beyond just making a statement. When you ask questions, build rapport, and get permission for a longer conversation, you’re already way ahead.

Yet I fear that even with the best intentions, many of us will still memorize our lines and give a performance. I agree when Tim David cautions:

If you get the sense that it’s turning into a commercial instead of a conversation, then you’re doing it wrong. Stop pitching and ask another question. You should only be doing 15-20% of the talking.

What should you be doing the rest of the time? Listening.

Better Yet, Have a Scripted Dialogue

When a person asks you about your nonprofit organization, you have a question you want to answer, too. That is: “Could this person become a supporter?”

So, one reason you’re asking questions is to keep the other person interested, and engaged, and nodding along. But the other is that you’re doing prospect research.

You’d like your conversation partner to walk away with an interest in finding out even more about your organization and, sooner or later, getting involved…

AND you’d like to walk away with some specific ideas about who they are, what they want to talk about, and what matters to them–specific enough you’d write notes about them in your donor database.

» So, when you talk with a stranger about your organization, you should have a loose script in mind. It should include the elevator pitch for your elevator pitch. It has to have a pitch full of conversation-starters.

But what will really help your organization cultivate that person as a volunteer and donor is the questions you ask about them.

You Can Get Help Asking The Right Questions

How will you learn to script your dialogue so it’s a valuable conversation for both partners? Helping you do that is a service we offer at Communicate! Consulting.

Email us to find out if we should be working together. Because there are complete strangers out there who could become your organization’s biggest fans. Let’s give them the opportunity.

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Fundraising Tuesday: Where to Find New Donors

October 10, 2017 by Dennis Fischman Leave a Comment

If you have to put your time and energy into finding new donors OR renewing the donors you have, choose donor retention.

donor retention

Don’t just take it from me. “The old growth model is acquiring more new donors than we lose,” says Josh Whichard, a partner at Washington, D.C.’s DonorVoice. The old model, said Whichard, is like a leaky bucket, but one with more water and fewer holes. The new model is to plug more of those holes and need less water. In other words, renew your donors.

Why is it better to renew than to acquire? Lynne Wester of Donor Relations Guru Consulting points out that it’s “7 times more expensive to obtain a new donor than it is to keep the one you have.” Renewing one donor is as good as finding seven new ones!

And Kivi Leroux Miller, one of the leaders in the nonprofit field, tells us that nonprofits have to focus on retention to thrive in the long term, and she adds, “I certainly hope we will see retention grow as a priority in coming years.”

When You DO Need New Donors

Sometimes, though, you just can’t do without new donors. Maybe you’re a new nonprofit, starting out with a small circle of friends. On the other hand, you could be an old organization whose loyal supporters are aging out.

And no matter how many leaks you fix, some donors will always be one-time donors (like the majority of the people who give in honor or in memory of a friend). You need to replace the dollars they give, either by getting your existing donors to give more, or by acquiring new donors.

How do you do find new donors when you need them?

Communication is Key

In the for-profit world, companies are facing an uncomfortable fact. “Experts everywhere proclaim that people are 60% or more of the way through their decision process before they contact you or your company,” says sales maven Jill Konrath.

Nonprofits are in the same boat. Donors today do their research. They look up their favorite causes online, and they check out what you have to say about your organization–and what others say about you–before you ever hear from them.

So, if you want to find new donors, mostly they have to find you first! And when they find you online, they have to like what they see, or they will choose some other organization before you ever send them an email or a newsletter, much less an “ask.”

So, you will need to:

  • Create marketing personas, or profiles of your hoped-for donors
  • Use your communications channels to answer a question or solve a problem that’s bothering them right now
  • Tell memorable stories that move them
  • Make them feel as if you read their mind and knew what they wanted to hear

Introducing You

donors introduce friendsBut the best way you can acquire new donors is by having your loyal year-after-year donors introduce you!

Yes, we’re back to the importance of donor retention. Even for getting new donors, it’s vital to renew  your support from the people who have given to you already.

Think of it this way: Before they will give to you, people have to know you, like what you do, and trust you with their money.  What helps a person get to know, like, and trust your organization more than the word of a mutual friend?

Ways Your Donors Can Introduce You

  1. In person. Ask a thoroughly committed donor to set up a lunch date with one of their friends, to introduce the organization.
  2. Forward an email. Your donor can pass along your message with one of their own, “Kathy, I thought you’d want to read this because…”
  3. Share a post on social media. Again, it helps if they personalize it.
  4. Direct people to your website for timely, topical information.
  5. Just talk about you! “John, did you know that I’m involved with [your organization’s name here]? And I’m excited about it!”

If you don’t think your most loyal supporters will be happy and proud to introduce you to their friends, then your organization is a leaky bucket–and you may need to spend more time renewing your donor support instead!

But you may be underestimating the loyalty of your existing donors. Ask them. You have nothing to lose, and you may have a whole world of new supporters to win. Who are you going to ask for an introduction, today?

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