Re-Energize Donor Retention Rate in 2017

Retention rates have been down for non-profits since 2008 and are not improving at 46%.

8 out of 10 New Donors now only give one gift and are gone!

Here are strategies and tactics to reverse that retention rate now!

How to Make the Major Gift ASK

How do you make your donor “Asks”? Does it unnerve you or are you ready to go with enthusiasm, energy, and confidence?

I just finished reading ASKING by Jerold Panas and loved it and share some of his Asking advice with you in this video.

Have great questions for 25% of Ask appointment and 75% designated for Listening! 🙂

Donor Journey to Increased Retention Rate and Lifetime Loyalty

The Donor Journey begins with that first donation!

Did you know that Individual donors account for 72% of all giving? Just think of how much more you could raise if you could retain and upgrade all of your donors. The sky is the limit! It is essential that you take the necessary steps to not only keep your donors but to encourage them to give more.

Retain Your Donors

Your current donors are your low-hanging fruit, your easiest targets. You already know they are invested in your cause and they care about your mission. However, if you don’t handle them correctly, they could very easily take their donations elsewhere. Here’s how to keep them:

  • APPRECIATE THEM!
  • Organize a call unit to make phone calls to thank them for their past donations. Mention how grateful your organization is for their support in each appeal letter. Make sure they feel special and valued.
  • TELL THEM HOW THEY MADE A DIFFERENCE.
  • What did you do with the last gift your donor sent you? Did it pay for 10 children to attend camp? Buy food for 20 families? Sharing the tremendous impact that your donor made on the lives of others will not only make them feel good about their last gift, it will make them eager to give again!
  • Click For Detailed Retention Steps from Capital Business Solutions!

UPGRADE YOUR DONORS

A sure way to raise more money for your cause without even having to find more donors is to get your current donors to give more. Some donors tend to send the same check year after year, while others may jump around based on their personal situation. Here are a few ideas for getting them to upgrade:

  • SUGGESTED GIVING LEVELS
  • How will your donor ever know that you could really use $150 instead of the $100 they’ve been sending every year? Simply suggesting a higher gift amount is sure to get your donor to at least consider upgrading. As long as it is done respectfully and thoughtfully, you’ll never offend a donor by suggesting a higher gift amount.
  • USE SPECIFIC DATA
  • Use specific numbers, goals, and costs when suggesting a donor increase their gift. Tell them why you need it and what it will do. Justify your ask.
  • MOVES MANAGEMENT
  • The most important thing you can do to upgrade your donors is developing a good moves management program. Look through your donor data and chart out who you plan to upgrade and how you plan to get there. Then, of course, make sure you follow your plan!
  • Click here for Detailed How-to Upgrade Information  from Bloomerang!
  • How to Handle Downgrades

    Some donors are going to downgrade. That’s life. Maybe they were hit with unexpected bills, a job change, or felt like they needed to spend more of their donation dollars somewhere else. Regarding these donors with care and respect is vital. Don’t lose these donors!

  • RECOGNITION 
  • Develop a recognition society based on longevity of giving. This will make your donors realize that they are still important to you. They’ll want to keep on giving to stay in the “club.”
  • COMMUNICATION
  • Keep the lines of communication open. Make sure they are still receiving information about your programs and the impact of their donation. You could even explore other methods of giving from in-kind gifts to planned giving.
  • Click here for Detailed Help With Managing Donor Downgrades from Sharpe Group!

 

 

 

NextAfter had a great webinar today that inspired me to immediately share some ideas with you right now for thanking your donors!

The bar has been set by one non-profit that sent 9 thank you’s in the first 90 days for one gift! Wow!

Wonder how and what they did? Watch and see.

Your new thank you ‘best-practice’ should be 3 thank you’s for each gift! Your new continuum of thanking! www.nextafter.com

How One Donor Thank You Note Raised $450,000


Would you believe that a single thank you note to a group of donors brought in an extra $450,000 to FOOD FOR THE POOR?

Watch now and see how Executive Director, Angel Aloma, did it!

Blockbuster Fundraising offers this as the first great 2017 Fundraising Tip for YOU! Watch this video and then read 20 QUESTIONS, THE DONOR COMMUNICATIONS TEST for more great tips and “AHA” moments!

http://www.aherncomm.com/20-questions-free-downloadable-test-re-best-practices-donor-communications/

Surefire Success Tips for Largest 2016 Giving Days


With these Blockbuster Fundraising Tips plus bonus tips borrowed from John Haydon, you’re ready for 3 biggest days for fundraising! http://www.johnhaydon.com/thank-you-page-best-practices-nonprofit/

Send More Than One Email Last Fundraising Days


After viewing this Daily Tip and reading John Haydon’s blog (http://www.johnhaydon.com/email-subject-line-examples/) you will be thinking about sending out more than one email on Dec 31st as well as revamping your subject lines! Keep It going because these last 9 days of 2016 fundraising are tremendously important and you can tweak your emails for super success! No Kidding!

How to Say Thank You Now


Every thank you note now can be of strategic importance to your year-end fundraising!

Don’t get lazy or behind and follow these 20 Thank You to-do’s from Penelope Burk, BurksBlog: http://www.cygresearch.com/burksblog/donor-centered-fundraising/donor-centered-thank-you-letters-your-first-step-to-the-next-gift-542/

How to Make Final Year-End Fundraising Days Count Big

The Final 12 Days of Fundraising are now upon us and here are the final 6 email secrets that will pull-off sizzling year-end email results for you!

Here is the link to Blockbuster blog with all 12 tips included in case you missed yesterday’s video. http://blockbusterfundraising.com/12-steps-for-year-end-email-success/

Last Minute Year-End Fundraising Tactics


This is the week to start getting your year-end EMAILS out to your donors.

Here’s what you must include to Keep Going, keep your year-end fundraising going to the final successful countdown in 2016.

Don’t park in a comfortable spot and wait it out! Keep the momentum and energy going! You’ve got this!

Will Donor Advised Funds Affect Your Year-End Results


DONOR ADVISED FUNDS might have more play in 2016 due to “financial advisors suggesting them to their clients with a greater sense of urgency because of possible federal tax changes next year.” ( Gail MarkJarvis, Chicago Tribune).

What can you do now to prepare and participate in this newer Circle of Giving participant?

Reach Out to Your Donors With Year-End Love


Write a donor love note this week!
No asks, just show appreciation and acknowledgment of what their last gift have accomplished.