Monthly giving is a huge untapped revenue source for so many nonprofits. I am still trying to wrap my head around the vast potential monthly donors offer. If you have 300 monthly donors – just how much overall revenue would these 300 lovely people be contributing to your cause each year? Let’s run the numbers: If each of those wonderful donors gave the average amount of the typical monthly gift – they would be giving $24/month. That’s really...

As you know, weve been talking about monthly donors for the past few weeks. And you may have seen my Facebook Live interviews here and here with monthly giving guru Erica Waasdorp. It’s been tremendously fun and exciting to get lots of feedback and questions from attendees. Here is another guest post from Erica – responding to many of the questions we are receiving from our attendees. It’s not too late to join the Monthly Donor Intensive with...

A few weeks ago, Michael Rosen published the post “How to Get Last Year’s Donors to Give More this Year.”  Guest blogger Joe Garecht shared some great advice for increasing giving. However, the post did not specifically address the issue of monthly giving. That led to a reader comment. Larry Little, President of Guardian Angel Basset Rescue, raised some important questions: Our revenues are in the $300k range but approximately 30% of that comes...

Monthly giving programs are becoming more and more popular revenue sources. If you want to nail your own monthly giving strategies to ramp up your nonprofit’s revenue, then join our Monthly Giving Intensive with Erica. You’ll get two jam-packed webinars, slides and handouts full of tips and specific strategies for building a robust, profitable monthly giving program. Erica will also give a live Makeover session of monthly giving materials.  You...

This was a tough week for me. I got home from a trip and then got hit by this terrible cold. Boy, I haven’t been this sick in years! I’m finally starting to get over it, and it’s been going around like crazy. What I realized as a sick “donor” was that, because my monthly gifts are coming out of my account automatically, I didn’t have to worry about my mail; but I was still supporting the organization I care about. And you, as the organization,...

Earlier this week, I was talking with a client about their newsletter. It’s mailed to their monthly donors as a cultivation piece, with wonderful stories about how their gift has made a difference. It also goes to their active and major donors. The communications department creates the piece, and, of course, it looks absolutely amazing! But it is probably also going to mail a week or more late. The review process involves numerous people inside...

“If you don’t have a monthly donor program yet, you’d be wise to make that part of your plan for next calendar year and perhaps even sooner than that.” People often ask me why you should focus on this now? Well, if last year’s Harvey hurricane disaster is any indication: Monthly donors provide sustainable revenue, no matter what happens. Their gifts keep coming in, rain or shine! In essence, it’s an extra insurance policy for your...

“If you can’t fly, then run. If you can’t run, then walk. If you can’t walk, then crawl. But whatever you do, you have to keep moving forward.” — Martin Luther King, Jr. I love this quote because it’s so very true, especially when it comes to sustainers—no matter where you are in your monthly donor program. If you have a small number of them, you always want to be moving toward growing that number: to the next 50, to the next...

A colleague consultant asked me this question last week, and I was discussing this very same thing with another organization myself. Great timing! A nonprofit in the process of launching its monthly donor program has its annual gala coming up this spring. It’s a fancy event—heavy hors d’oeuvres, silent and live auction, including a “fund-a-need” focused on something they need for their program. Donors typically pay $100 to $150 for a...

First posted on July 17, 2017 by NonProfitPRO Today You may have read before that I grew up in Holland. I didn’t move here till I was 32. I became an American citizen when I was 47. In Holland, nobody had heard of “Saturday Night Live.” Instead, we grew up learning British English (not until high school, mind you) and watching British comedies. One of the favorite shows was called “And now for something completely different!” If you have a...

Here are the Top 3 take-aways from Ring, Ring, what’s that retention tool doing in my living room? session At the recent Bridge Conference, held in Washington DC National Harbor, I presented a session with Nick Stavarz, Synergy and Anna Averling of the American Bible Society on the use of the phone in improving donor retention. Here are the top 3 take-aways from this session: 1. Telemarketing is one of the most successful and versatile tools in...

I hope you’re having a wonderful time this holiday season? I had some time to catch up on some reading, relax and I made my new year’s resolutions. One of those is to never stop learning. That’s why I have amazing news: One of my colleagues has put together a fabulous Fundraising Summit, that’s totally virtual and free. It’d held on January 5-9 and you can attend it simply by clicking here. You’ll see an...