1. Consolidate data to get a complete picture of your supporters
Data is power, especially when it comes to fundraising. Knowing who your existing donors are is great, but being able to target potential donors, based on their interests and actions, is even better. Consolidating all of your data—donor, volunteer, event, social media engagement—into a single place makes it possible to see the bigger picture of what’s going on.
Success Story: Meridian Hill Pictures
2. Personalize your fundraising "asks" by mixing outreach media
Most organizations are experimenting with fundraising over multiple channels––but the most successful ones are tailoring their outreach efforts to meet potential donors where they're at, and in the way they want to be communicated with. The key is knowing the best way to cultivate and reach each potential donor with a personalized ask over their preferred outreach medium. Segmenting lists or personalizing messages can lead to doubling your email click through rates.
- Segment your list based on interests, location or engagement history.
- Address people by name or mention a recent action taken.
- Mix your outreach medium between email, text, or social.
3. Create a peer to peer fundraising strategy
92% of Americans trust friend referrals over any other form of marketing. Building a good peer-to-peer fundraising pipeline requires trusting people to speak on your behalf and rewarding them when they do. Because this method relies on targeted relationships, the potential payoff is significantly higher than a traditional top-down fundraising strategy.
4. Leverage social giving campaigns
Social giving campaigns have seen dramatic results in recent years as demonstrated by the $511 million raised during #GivingTuesday in 2019.
When it comes to giving campaigns, strategy is everything. Setting up a crowdfunding page isn't enough on its own. There needs to be a clear plan of attack that coordinates activities across channels, drives attention to the campaign, and captures potential donors at the moment they are interested.
- Identify your influencers before the campaign; ask them to share.
- Write compelling messages that tell a story and inspire empathy.
- Leverage all social channels to drive action to your giving platform.
- Make donating easy across platforms.
5. Build relationships to increase recurring donors
Acquiring new donors is expensive, so figuring out how to keep your existing donors is critical.
The key to setting yourself up for success is managing donors in such a way that no one fall through the cracks and they are being moved into deeper relationships over time. This requires giving your fundraising director the tools to lead the growing community of fundraisers, potential donors, and donors.
6. Get optimized for online giving
Online giving revenue has been on the rise, up 23% in 2017 from the year before. Optimizing your website for online giving can make the difference between a donor converting or not.
The 2008 Obama campaign was the first of many to test various types of online donation forms, operating under the theory that design itself would change how much and how frequently people gave. The end result: a three-part “staged donation” form that asks for amount, then contact information, then payment information. A design that's now used across campaigns of all shapes and sizes.