I’ve been working with monthly donor programs for more than 25 years now. Wow, so much has changed. Monthly giving has become so incredibly easy to set up and organize. And yet, whenever I teach a webinar or give a presentation, fundraisers tend to glom onto the “hard parts” right away. And that’s where in many cases it stops. Please, do yourself a favor. Simplify your life and that of your donors. Take what you’re already doing now in your...
Three Steps to Launch a Robust Monthly Giving Program
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...
Report: Online Sustainer Revenue Grows 20 Percent
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,...
How Important are Monthly Donors?
“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...
Keep Moving Toward More Monthly Donors
“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...
How to Ask for Monthly Gifts at Your Gala Event
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...
Organize a Process Review to Improve Your Donor Retention
As a fundraiser and donor relations professional, you work hard every day to make sure your donors feel important. You know like no other that all donors need to feel appreciated, no matter how much they give or how often they donate to your organization. That’s why I’m still amazed at how difficult this seems to be, especially as organizations grow. Especially if there are multiple “cooks in the kitchen.” Often decisions are made...
Don’t Forget to Test Before You Send
I hope you had a wonderful Thanksgiving! We had a great time with my family, the turkey and all the trimmings. On Black Friday, I sat down behind my computer and made donations to some 20 organizations. The same amount for each. Some I already donate to monthly, and some I only give to this time of year. To process the 20 donations, four used PayPal, and two used Stripe, NetCommunity, Donor Perfect Weblink, Classy or Network for Good. Then...
It’s Time to Call Your Organization
P I just came back from the International Fundraising Congress, which was held last week in Noordwijkerhout, Netherlands. It’s always a great time to visit my family who live near the German and Belgian border in the south. I was able to attend a great session on donor love with Jen Love of Agents of Good and Simon Scriver. I’d heard of them, but now I actually got to meet them—pretty neat! The session includes lots of great tips and examples...
10 Sad Facts from a Monthly Donor Retention Check-up
Be forewarned, this is a sad story… but it can have a good ending! As you know from the Fundraising Effectiveness Project, based upon 2015 data, the typical donor retention rates were 46%, which is why monthly donors are so important as monthly donor retention rates are much higher. The good news is that more and more nonprofits have started a monthly donor program. And as monthly donor programs mature, upgrades, reactivations and...
Monthly Donor Program is Back on Track
In the past year, this organization in Washington, DC had steadily started losing 500 monthly donors each month. At the same time, its acquisition efforts were only generating 250 monthly donors a month, so the program was in a steady and rapid decline. Something had to happen! The Director brought in A Direct Solution to review the program and try to turn it around. And that’s exactly what we did! One big problem in the past year was beyond...
Case study: Who is responsible for YOUR monthly giving program?
If you’ve seen or heard me present, you know that I stress the importance of making one person responsible for your monthly donor program, no matter what size the organization is! As you’re the fundraiser, this is most likely going to be YOU. Now, that does not mean that you have to do everything but it’s absolutely ESSENTIAL that one person oversees all of the moving parts and is held accountable. That sounds like a huge...