Never put an end date on your monthly giving donation form! As you know, I’ve become an avid blogger and presenter on anything monthly giving. To prepare for this, I’ve been speaking with a lot of donor base companies and researching a lot of online donation form options to see what they’re doing for monthly giving. As more and more organizations are jumping on the recurring donor bandwagon, it’s important to...
Myth debunked: You do not need a large staff to run a monthly giving program
Another Monthly giving myth debunked… You do not have to have a large staff to run a monthly giving program! You can certainly start small by just offering the program online. But you must be committed and everybody must understand that everything you do is aimed at generating long term revenue growth. It’s less important what the size of your staff is, but rather the commitment that counts! I recently did a presentation for a group of...
10 Tips to Awaken Sleeping Giants in your Donor Base: Monthly Donors
This was published as a guest post on Nonprofit Funderland 1. Commit. Building a monthly giving program takes time but it’s definitely a long term investment, not fast money! Crucial to do, but make sure everybody understands this. Most programs do break even in the first year but it depends on the media used. 2. Invest Time, Treasure and Talent. In the beginning, it may take some time and volunteer or staff time to set up the program, but it...
Sustainers are retainers
I just came back from a conference, attended by some 1,700 people and I’m so excited! There were 4 (yes, four) sessions on monthly giving aka sustainers!! More and more organizations are finding that ‘sustainers are retainers’. Thank you Dan Allenby for this great word cloud. Many donor base systems are adding monthly giving options to make your life as a fundraiser easier. And research is growing. For example:...
Myth: Once you bring monthly donors on, you’ll lose them…
Happy Fourth of July week! This is a really important myth to debunk as soon as possible. The number one reason why many organizations are now so interested in generating monthly donors is, because they stay with you for years and years and years. I’ve seen research from organizations that have been offering monthly giving programs for over 20 years and they actually have identified donors who are still giving monthly to this very day! Now, if...
5 Practical Tips to Start Growing Monthly Giving …
If you haven’t seen the results of the 2013 Fundraising Effectiveness Project study from AFP and the Center on Nonprofits and Philanthropy at the Urban Institute, here is the long and short of it: the average donor retention rate is 39%. For first-time donors, the rate drops to 22.9%. These truly are scary numbers, aren’t they? Believe it or not but this truly generated a wave of wake up calls to many nonprofits, large and small! But the good...
Monthly Giving for Small Nonprofits: 8 tips for keeping it simple
This post was written by Joanne Fritz and appeared in about.com. Thank you, Joanne!! Here’s the full post… It seems to me that monthly giving programs should be a natural for small, even tiny nonprofits. Yet, many in the US still don’t use this form of giving. It may be that they think it is just too complicated. I just recently whizzed through “Monthly Giving: The Sleeping Giant,” by Erica Waasdorp, and was...
How one organization increased its monthly donors by 80% in one year…
Some of you may know, I’m the US Ambassador for the International Fundraising Congress, one of the most amazing and inspiring conferences in the world!! On May 21 and 22, the Resource Alliance will organize 2014 Fundraising Online, a webinar event, which is totally FREE, just to share some of the amazing speakers you may enjoy at the IFC. I’m really excited because part of Fundraising Online is a great webinar on my favorite topic:...
New Donors Do Join Monthly Giving Programs! You should test it sometime!
Another Monthly Giving myth debunked a guest post for Wild Woman Fundraising Monthly Giving is probably the one fundraising program surrounded by the highest number of myths. All of these myths are used as reasons NOT to start… Well, if it were my nonprofit organization, I’d RUN (not walk) to get started with monthly giving! The impact on retention is HUGE! And who doesn’t want to increase their retention rate? So, if you’re still...
Proof that you must continue to love your monthly donors…
You may have read Pamela’s recent post, called The Dark side of nonprofit monthly giving. Pamela Grow and Joe Garecht are two colleagues of mine who are tremendous advocates for monthly giving… In fact, I’ll be presenting a webinar as part of their monthly giving e-course soon. Thank you! It’s still absolutely astounding to me to see how even large organizations are struggling with this ‘no-brainer retention...
Thank you About.com Nonprofit Charitable Orgs
Direct Mail still works, especially for monthly Giving. I’m delighted that this article appeared as guest article written for Joanne Fritz, About.com Nonprofit Charitable Orgs Thank you so much, About.Com! It helps spread the good news about Monthly Giving. “Don’t wait until everything is just right. It will never be perfect. There will always be challenges, obstacles and less than perfect conditions. So what. Get started now.”...
Monthly Giving: It’s all about Retention
“Difficult things we do quickly. The impossible takes a little longer” –David Ben Gurion Today I’d like to focus on what I consider the most crucial part of any monthly giving program, small or large, called Retention. After all, the beauty of generating monthly donors or sustainers is that they are supposed to stay with you for a very long time and they’ll generate lots of revenue to support the mission of your organization. So, once...
Tips to Awaken your Sleeping Giant…
People love check lists, so I created one for monthly giving. Here’s a simple list with 10 Tips to Awaken Monthly Giving. The Sleeping Giant to help you get started right away. Also, if you’d like to receive more practical tips on how to start or grow your monthly giving program in your inbox once a month, just sign up for blog posts right here. And if you have any specific questions, just send me an email at...
The biggest challenge in starting monthly giving: what are you going to call it?
Note: This post also appeared as a guest post on the Philanthropy for All blog, from Vanessa Chase. Thank you Vanessa for spreading the word! Lately, it seems that everything is ‘buzzing’ about Monthly Giving. I’d like to say it was my book that started it all, but I doubt that. It was probably triggered by the fact that we had just gone through a recession and so many organizations found that their monthly giving programs really helped...