There Must Be 50 Ways …

… to net more dollars — even in the worst economic times.

Remember the story of the boy in Holland who noticed a hole in the dike? Fearing a leak could flood the entire town, he shoved his finger into the hole, potentially avoiding a major disaster.

As fundraisers, our challenge is not unlike that boy’s. Every day, we look for leaks — places where we’re not maximizing our investment, little holes that, if left unplugged, can cause our donors to abandon us and our income to plummet.

In today’s economy, it’s even more critical to not miss any opportunity. To that end, here are 50 possible leaks you can plug today.

General fundraising
1. Test everything — including what you read in this article — and only make changes that improve net income. Don’t simply react to the economy or change because “everyone else is doing it.”

2. Look for untapped opportunities; direct mail should be your core source of income, with radio, TV, face-to-face, planned giving and online fundraising bringing in the balance.

3. Question everything. What are you doing because it makes you (or a board member) feel good and not because it raises money? Now is the time to make tough calls and eliminate things that drain your budget without increasing income.

4. Offer choices when donors say, “You mail too much!” Have step-down options — rather than “all or nothing” — that reduce direct mail to quarterly, semiannually or annually. Be sure to schedule when to contact donors with mail restrictions, so they aren’t forgotten.

5. Call and thank former monthly donors; just saying a simple “thank you for all you’ve done” can encourage former donors to start giving again.

6. Acknowledge milestones. Call and thank donors who give over a number of years or reach a certain accumulated giving threshold. Showing genuine appreciation is an unbeatable retention strategy.

7. Look for your trouble spots, and develop strategies to address them. For example, when are ongoing donors most likely to stop giving? At one organization we work with, it was after three years of giving, so we began a recognition program at that point and saw amazing improvement in retention.

8. If you rely on premiums for donations, think continuity. A desire to receive the entire series can encourage ongoing giving.

9. When donors call, start building a relationship by letting them tell you the reason they called before you ask them to verify your computer records. Especially if a donor calls in to vent, making him jump through your hoops first only adds to his frustration.

10. When you make a mistake that affects donors, the best strategy for dealing with it is to simply say, “I’m sorry.” For example, a nonprofit I support
double-charged a donation to my bank account; the woman I spoke to was so genuinely sorry I told her to keep the extra gift.

Receipts
11. Get receipts out quickly — in days, not weeks. Donors want to be assured you received their gifts, you’re using them wisely and you’re grateful.

12. Write custom copy for first-time donors, special offers and major programs, if possible. “One size fits all” seldom works for T-shirts or receipt copy.

13. Don’t let donor remorse set in; include stories that show how effective you are in using donations.

14. Encourage repeat giving by enclosing an easy-to-use coupon and a return envelope. A three-part receipt — letter, receipt and return form — is a proven strategy for increasing additional gifts.

15. Maximize your First Class postage costs by adding inserts on giving opportunities, planned giving, special events, etc.

16. For gifts larger than a predetermined level, mail a very personal, closed-face letter one week after the receipt to reaffirm your gratitude. Don’t include any reply device. You’re strengthening the relationship; additional giving will follow.

Newsletters
17. In each article, show how you achieved results, but gently remind the reader that the job is not yet done and you still need her help.

18. Repeat those opportunities on the reply form so it’s easy for the donor to designate a gift to meet each specific need.

19. Put your newsletter in an envelope with a loose reply form and reply envelope; the extra cost usually is much less than the additional income you’ll receive.

20. Save money without sacrificing quality or interest. For example, a No. 10 envelope with a large window on the nonaddress side allows you to use the same envelope for every issue and creates interest when a compelling photo shows through.

21. Survey donors to find out which regular articles they enjoy. Eliminate the ones that aren’t popular, and use the space for articles that better resonate with your audience.

Direct mail
22. Test frequency; don’t let donors forget you. You probably can add a mailing (or two) and net more dollars.

23. Nothing says “junk mail” quite like an indicia. Test a live, bulk-rate stamp; it adds only a small amount to your production costs but could significantly lift response and net income. For higher-end donors, test a First Class commemorative stamp.

24. Develop a monthly giving program; donors who are committed to give monthly are your most loyal donors and usually stay with you even in tough economic times.

25. Reuse winning packages. Donors don’t remember the appeals you sent a year ago. Freshen up the copy as needed.

26. The outer envelope serves two purposes: to hold the contents together and to get opened. Teasers, closed-face, live stamps, four-color, hand-addressing all work sometimes, but not always. Test!

Major donors
27. Be sure you aren’t neglecting your major donors. Too often, they are moved out of the direct-mail file for “special treatment” that never really happens.

28. Rethink donor clubs. Don’t hesitate to cancel them if they aren’t improving net income. Reabsorb the members into your main mailstream, but honor their commitment with closed-face envelopes, personal letters, etc.

29. Find the contact methodology that meets the donor’s needs and is most likely to result in continued partnership. For example, a major donor to an organization we work with sent $50,000 every January when she received the direct-mail piece with a matching-grant offer. Instead of a visit, the representative started calling her to give her a “heads-up” that the mailing was on the way.

Planned giving
30. Promote planned giving in your receipts. A simple insert can spark interest and bring in leads.

31. Ask participants for endorsements you can print. We all like additional confirmation from people just like us.

32. Test before including planned-giving messages in fundraising appeals. Sending mixed messages could hurt response.

New donors
33. Thank them with special receipts. Be as warm and welcoming as possible, and reaffirm that supporting you was a wise decision.

34. If possible, have a separate welcome mailing. It’s another opportunity to say “thank you” and provide information about your charity.

35. Consider a small, mission-appropriate premium (a bookmark, for example) for donors who give second gifts within 60 days. Promote this with a small insert in the first receipt.

36. Receipt the first gift, no matter how small.

37. At a predetermined threshold, call just to say “thank you.”

Lapsed donors
38. Test sending a postcard with a special need. Make the front of it colorful and exciting. Drive responses online or to a toll-free number.

39. Survey to find out why they stopped giving. Use the information to improve your program.

40. Be aggressive; start re-upping before they lapse. Calls and letters reminding them it’s been almost a year since they last gave are proven ways to keep donors from lapsing.

41. Monitor the results of all lapsed efforts, and know when to stop. At some point, move them into an acquisition-only file.

Acquisition
42. Love your control. No one else is bored with it. Don’t discard it unless it’s no longer working and you have something else consistently working better.

43. Test a variety of outer envelopes with the same package content. If your envelope isn’t getting opened, it doesn’t matter how great the contents are.

44. Mail acquisitions to your prospects and deeply lapsed donors. It’s a low-cost way to activate them.

45. If you rent lists, remail the names that show up on multiple lists (with permission from the list owners) a few weeks later. These are usually the most responsive names.

Online
46. Have one person — with solid fundraising experience — own your total e-mail experience. Don’t let everyone in the company dictate when and what to e-mail.

47. Avoid the temptation to over-e-mail. If your e-mails start to feel like spam, you’ll become a permanent resident of the “deleted items” file.

48. Maximize your Web site for search engines; learn how by going online and searching for “SEO” and “SEM.”

49. Promote reasons to go to your Web site in your newsletters, receipts and other communications.

50. Make sure online giving is secure, easy to find and easy to use. Printing and mailing a form is not a substitute for secure online giving.

In good times or bad, always be looking for leaks you can plug. Several small improvements in your fundraising program can add up to significantly more net income — and greater opportunities to carry out your important work.

 

Originally published at NonProfit Pro.

Author: PJBarden

With a professional career in strategic fundraising that spans more than 35 years, Pamela brings a wealth of experience and knowledge to working with nonprofit organizations. She specializes in writing fundraising copy, grant proposals, P.R. materials, instructional articles and blog entries, as well as developing and executing fundraising strategy for her clients. Pamela is a Certified Fundraising Executive (CFRE); an instructor for UCLA Extension School’s Fundraising Certification Program and the University of La Verne, College of Business and Public Management; a frequent webinar speaker; and author of two online courses for UCLA Extension. Pamela earned a Doctorate of Business Administration in 2015; her doctoral project (dissertation) was entitled “Nonprofit Organizations’ Awareness of and Preparation for Legislation, Regulation, and Increasing Scrutiny.” She is a past winner of a Gold Award for Fundraising Excellence and an ECHO Award from DMA; recipient of a Distinguished Instructors Award from UCLA Extension; a weekly columnist for NonprofitPRO (formerly Fundraising Success); and a monthly contributor to Blackbaud’s blog, npEngage.

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