Originally posted on NonprofitPro Today, July 3, 2017 My husband introduced me to the series, “Lost in Space” many years ago. Growing up in Holland, I had never heard of it, but it’s a wonderful show. (This was before Star Trek, of course.) So, why am I bringing up this series? Because it’s what I think about monthly donors and crowdfunding. Yes, there’s a place for it. It works for many groups and organizations....
What Can You Do If Your Monthly Donors’ Payments Are Not Coming In?
Originally posted on NonProfitPRO Today, June 19, 2017 Two weeks ago, I was checking my credit card statement and noticed several iTunes charges on it. The charges were going up in value. Believe it or not, I don’t have an iTunes account, so that was an immediate flag. I called the credit card company right away to dispute the charges. They, of course, canceled my card and sent me a new card. I’ve used this card for multiple monthly...
When Should You Give Up on a Lapsed Monthly Donor?
posted April 27, 2017 NonProfit PRO Today And the answer is: NOT ANYTIME SOON! A year or so ago, I joined 20 organizations with a monthly gift. And (sneaky me), I gave them a card that was going to expire a month later. I then tracked what organizations did in terms of “thank you” letters and actions to try to get me back. In the next two months, only two organizations picked up the phone and called me! The rest sent me emails and left it at...
Top 3 Monthly Donor Retention Tips
originally posted on NonProfit Pro Today By now, you know the tremendous power monthly donors have. You know how it can help improve your donor retention to much higher levels. We typically see monthly donor retention rates between 87 percent and 95 percent—that’s double that of one-time donors. So, as monthly donors are starting to take hold in nonprofits, it’s important to put a few things in place to keep those donors giving monthly to your...
Is an Auto-Responder Message Enough Recognition for a New Monthly Donor?
Originally posted in NonProfit Pro What’s the monthly donor experience when he or she fills in the online donation form and clicks the button to submit? In virtually all online donation platforms, it’s a two-step process. The minute the donor hits submit, he or she gets an auto-responder message, confirming that wonderful monthly gift. Then, secondly, an email is sent to the monthly donor confirming that gift again. In many online donation...
The Best Response When a Monthly Donor Calls to Cancel
A monthly donor calling up to cancel is a dreaded call for any organization. It’s something nobody wants to hear. But it’s important to respond in the right way. Bloomerang’s Steven Shattuck posted an article on his experience canceling as a monthly donor. So, let’s provide you with the best response when this happens at your organization. This requires you to get all of the people answering the phones at your organization in a room for a few...
3 Tips for Creating Monthly Donor Promises
This post was written for and published by Nonprofit Pro. One of the first things I recommend when you’re starting to work on growing your monthly donor program is to create the “promises” you’ll make to the monthly donors when they join. What will you send them? How are you planning to recognize them? So let’s begin with the end in mind. Think through the thank you opportunities then decide what you’ll tell them and what you’ll keep as a...
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...
Who is steering your monthly giving ship?
This blog post was also published in Direct Marketing Advents, the publication of the Direct Marketing Association of Washington, DMAW. If you’ve seen or heard me present about monthly giving before, you know that I always recommend the following first step of running a monthly giving program: Put one person in charge! (Note, If you’re a large organization, the above guideline could be expanded to: put ONE department in charge, but it will make...
The 7 fundamentals of monthly giving…
This post was written for and published by Charity How To A few years ago, Monthly giving was something for the few and big organizations. Not anymore! Every organization can and should organize a monthly giving program in very short order. With the right tools (and you may very well already have them in-house), you can get started in no time. You may know I’m somewhat of a monthly donor ‘groupie!’ I’ve been managing...
Monthly giving has never been easier!
This post was written for and published by Donor Perfect Just a few years ago, setting up a monthly donor program was difficult. You had to do lots of workarounds, hire professionals to set it up. or outsource the process and then spend money on direct mail or telemarketing to start asking donors to join your monthly donor program. It was expensive and labor intensive. Email campaigns were for the ‘big few’. Everything took a lot of time....
Monthly Giving, Driver of Sustainable Fundraising Par Excellence!
This post was written for and published at the Eight Principles. Monthly giving is probably one of the least understood methods of sustainable giving in the US, but yet one of the most powerful ones. Once you start, you’ll experience the power, but it’s the starting that’s often the most difficult. Today, I’d like to address the first 3 of The Eight Principles for Sustainable Fundraising™ as they all relate to monthly giving as a major driver...
What would you do If you could do it all over again?
Recently, my Agitator colleagues asked, what would you do if you could do it all over again? Here is what I’d say to you: If you could do it all over again, you should focus on building your monthly donor pool right away. It will help provide that sustainable revenue and it is easy and convenient for the donor. No gift is too small! If you look at the numbers, you scratch your head and wonder why not more organizations have jumped on the...
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...
How can Nana Murphy make you a better fundraising professional?
This post was prepared as a guest blog for Michael Rosen. How can Nana Murphy make you a better fundraising professional? This is a post based upon the session I attended at the recent AFP International conference in Boston. Thank you, Michael, for sharing this post with your audience. The session I attended was called: From Ireland with Love, presented by Denisa Casement, CFRE, Head of Fundraising, Merchants Quay Ireland, Dublin, Lisa...
Monthly giving via EFT … EF what?
If you’re starting to get involved with your monthly giving program, you will come across some of these terms: EFT, ACH, Automatic Bank Withdrawal, Direct Debit. They all stand for the same thing: EFT is Electronic Funds Transfer, ACH is for Automated Clearing House. Automatic Bank Withdrawal is probably the best lay term to use and EFT the acronym. The donor provides you with their bank account information and authorizes you, the...
What metrics will convince your board to start a monthly giving program?
This post appeared as a guest post for DonorPerfect What metrics will convince your board to start a monthly giving program? If you’re like a lot of organizations, boards (and sometimes other bosses) drag their feet on starting a monthly giving program. They worry that the metrics are not compelling enough to warrant investing the time, money and people. After all, monthly donors are just small donors, right? Yes, but here’s the great news: the...
5 Reasons why it’s Crucial to Start Monthly Giving
Guest blog written for DonorPerfect You must absolutely start a monthly giving program. There, I’ve said it. And you’ll hear me say it time and time again.But why is this so important? I’ll tell you why! In the US, historically, organizations have focused on major donors.That’s where most of their resources went. 20% of their donors gave 80% of their gifts. But how about the many small donors in the donor base? Until a few years ago,...
Can You Send Appeals to Monthly donors?
A question fundraisers often ask me, is: “Can I send appeals to my monthly donors?” My answer is a resounding YES!! Sending annual appeals should be part of your ongoing cultivation and recognition process. Typically there’s this pause. Then they tell me: “But wait, they’re already giving me a gift monthly. Wouldn’t these donors get upset and think we’ve become too greedy if we sent them an appeal with...
Calculating your Monthly Giving Coverage Ratio
Last week I talked about upgrading your monthly donors, a very important part in growing your program. Today I’ll go back to something that’s even more important with any monthly donor program: Retaining your monthly donors. Like anything with fundraising, the rule of thumb is: If you can keep a monthly donor, that’s still cheaper than bringing in a new one. To calculate how you’re doing with your program, we use the...
5 Big To-Dos for Monthly Giving Programs
This post was also published in Network for Good. 5 Big To-Dos for Monthly Giving Programs One of my favorite breakfasts is the Big-To-Do at Friendly’s. French toast, scrambled eggs and bacon well-done! I’m getting hungry just thinking about it! While this is not breakfast, it’s even more important to ‘enjoy’. So, if you’re serious about your monthly giving program, make sure that you follow these 5 big To-Dos. Big To-Do 1: Ask...
Check your ‘Captcha’ to prevent Monthly Donor ‘Lost ya’
CAPTCHA means Completely Automated Public Turing Test To Tell Computers and Humans Apart. Captchas are those funny looking characters you see on some web pages before check out or before donating. Basically, they want to make sure the person filling in the form is real. While this is a great idea and essential, Do Not Make The Captcha Too Complicated! This is an example of where the web folks and fundraisers have to get together and get on the...
Monthly giving: Get buy in from finance…
I’ve talked earlier about the importance of one person (or department) to be in total control of your monthly giving program. That’s important because there are so many moving parts associated with monthly giving. As a fundraiser, you literally touch every other department or individual in your organization. What this means is that you MUST work with other departments to get their buy in. Note, this is not the same as giving them...
Do donors know what “Recurring” means?
I was talking to someone recently who was very concerned. And I can see why. Virtually every time a donor goes online to make a donation to an organization, he or she sees the word Recurring. Many organizations have simply added the word: “Make this gift recurring” message to their online donation form. That’s what their online forms or donor base system’ allowed them to use. But, do donors really know what that word...
7 big no-nos for monthly giving programs
This post was also published as a guest post on About.com Fundraising, thanks Joanne Fritz! As you know, I’ve been writing about what to do when starting a monthly giving program. Recently, I’ve been talking to a lot of clients about their programs and helping them become more successful. What I found was that those organizations that were struggling to grow their program, undoubtedly were doing one or more of the following 7 no-no’s. The good...
Are you serious about your recurring giving program? Part 2.
If your answer is YES, I am serious about your recurring giving program, then you MUST: 1. Evaluate your current processes. 2. Project what you can expect, in terms of number of new recurring donors, existing, types of gifts and projected revenue. 3. Decide if you’ll be able to manage the processing in-house or if you should decide to outsource. This is the second in a series of blog posts that will address each and every one of these...
Are you serious about your recurring giving program? Part 1.
I truly hope that you’ve made your resolution that this is the year you’re really going to go all out in growing your recurring giving program. You’ve heard me say this before. There is not one standard plan for a recurring giving program. Each plan is tailor made. That’s simply because your potential depends upon a number of factors. The most important ones: the number of donors you have the number of email addresses...
New Year’s Resolution 1: Start a Monthly Giving Program
I’m putting on my running shoes! As you’re getting ready to finish this year, here’s my recommendation for your firsts New Year’s Resolution: Start a monthly giving program! I recommend that you run, not walk so you can reap the results sooner than later and really start building donor’s retention and long-term revenue for your organization. Here are 5 rules to review before you start but don’t take too...
The Top 6 Reasons why that Phone Call is coming into your Living Room…
For some this may be a bit controversial, but I think it’s time it’s written: Why is that phone call coming into your living room? Because TELEMARKETING WORKS!! Especially when it comes to generating new monthly donors or reactivating lapsed donors or upgrading monthly donors, it’s an absolute MUST to include telemarketing into your communications plan. Here are the top 6 reasons why: 1. Your donors LOVE to hear from you! 2....
6 Tips to Awaken the Sleeping Giants in your donor database: Monthly Donors
This post was posted as a guest post for Litltle Green Light: 6 tips to awaken the sleeping giants in your donor database: Monthly donors Here’s the full post: According to Erica, “it truly is possible to start and grow a program with even a small staff in a very short period of time, as long as you keep these six tips in mind.” 1. Commit Building a monthly giving program is definitely a long-term investment. This isn’t a...