“Oh no, no another post on retention” I can hear you crying…
Is it not something out of the Middle age of fundraising? Is it not really common sense?
A prompt acknowledgment and thank for the donation, a regular update on what the donation has helped to achieve (and don’t forget to ask again!) and voila the donors are ours forever, isn’t it like that? Not really. (more…)
Along with the World Cup (depending on the team, of course), we celebrate fund raising achievements. We look at results and trends from last year and partly with a sigh of relief and hope for this year: in 2013 in US charitable giving was at the same level it was before the financial crisis and in UK there was an £800m increase in donations. So, why we shouldn’t do better this year? In reality we should also ask ourselves if this is the result of more people giving or if we are simply fishing in the same pond with a lower offer. Mark Astarita, the fundraising director of British Red Cross and outgoing chair of UK Institute of Fundraising, simply put it “Over 30 years of professional fundraising have we grown the pie, are more people giving? I’m not so sure.” And Ken Burnett argued that the actual costs of acquisition with typical low retention rates are not sustainable and charities would be stupid if they don’t take action to avoid eating their seed corn. (more…)
There are statistics and numbers that stay on your mind for months and constantly challenge your assumptions. One of the numbers that keeps me awake at night (seriously!) is the ratio 6 vs. 59. Yes, you know, or you should know, this is the % of customer attrition in the commercial world vs. the nonprofit sector, according to Bloomerang. (more…)
Recently I had the fortune to work with Dan Hill one of the worldwide gurus on emotions applied to marketing. Dan advises the top Fortune 500 companies and political candidates on how to effectively advertise and succeed using emotions. What surprised me talking to Dan is how advanced commercial marketing is compared to fundraising. They understand better how the brain functions (specifically how to use emotions) and are using neurosciences to develop relevant messages and tactics to sell more sodas, shoes and beers. (more…)
We had all hoped it would go better with time and we tried to ignore it. But the disease is still here, how is it possible? Is it me or is everyone experiencing the same? Everybody is tweeting and blogging about this virus eating away our income and infecting our database (among many see Roger Craver and Tom Belford and also the rants from Lucy Gower and Reinier Spruit). Notwithstanding the ‘prescriptions’ on donor’s loyalty and relationship by Adrian Sargeant and Ken Burnett we still sadly look mainly at the numbers: call it retention or attrition, loyalty or stewardship, donors are leaving us. (more…)
When was the last time you had a discussion with your board or with communication colleagues because they felt that the images of the last campaign were “too emotional”? And do you remember when you Read more…