Successful Fundraising Letters Revisited

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A few days ago we helped a Better Fundraising For All friend improve her fall appeal letter.  Here is a summary of what we shared with her after reviewing the rough draft.

The best appeal letters present a compelling problem and ask the donor to solve it.  And that’s it.  When there are too many other messages in the letter competing for attention you will achieve lower response rates and lower average gift.  Successful appeal letters do only one thing and they ask for only one thing – a financial gift to help solve a problem.

In our response to this particular letter we also suggested using a larger font (don’t use small or script fonts), leverage the PS by restating the financial appeal, and using a pictures that shows the problem, not the solution.

What can we all learn from this review? Keep your letters simple and remember the purpose of the letter – to ask your donors to solve a problem by sending you a gift today!

Kickstart Your Fall Fundraising!

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We just finished teaching the Kickstart Your Fall Fundraising tele-class.  Over 140 nonprofit organizations from around the globe joined this conversation.  The highlights from this call included the following points.

  • Create a fundraising rhythm for your donors to follow.  We use four simple words.  Ask, Thank, Report, Repeat.
  • Know what your fundraising offer is.  A good offer identifies a problem, solution, the solution is a good value and urgency or timeline.
  • Ask more often.  Ask for more.
  • Thank donors who have recently given you a gift.
  • Know that 80% of your revenue comes from 20% of your donors, so focus your energy on developing major donor relationships.

Keep your eyes on this blog for more clear thinking about fundraising.

What You Can Do About the Summer Fundraising Slump?!

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Avoid The Summer Fundraising Slump!  We’ve studied and observed the patterns for how nonprofits successfully deal  with their summer slumps. There are three parts that all of them do and we can follow their lead in:

  • What they do to avoid the slump
  • How they ask their donors to help
  • What they do with their major donors

Last month we taught a free tele-class on this topic to over 130 fundraising professionals. Click this link if you’d like a detailed copy of the call notes –  BFFA Call Notes – Avoid Your Summer Slump.   If you’d like to learn more clear thinking about fundraising on an ongoing basis, you can subscribe to updates by using the form on the right side of this page.

 

The Present State of Fundraising

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Friends of ours at Pacific Continental Bank recently released this white paper – – The Present State of Fundraising.  Click here to see the white paper.  Highlights from this paper include;

  • A focus on donor relationships by using Ask, Thank, Report, Repeat
  • Adaptability – evolve or dissolve
  • Social media crowd funding
  • Cash-flow management

For more clear thinking,  insights, information, and training content – subscribe to our insider emails by using the form found on the right side of this page and visit our class/training resource links by using the tabs at the top of the home page.

 

Major Gift Presentation – Ask, Thank, Report, Repeat

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This past Tuesday, I had the opportunity to speak to a group of nonprofit leaders from Kitsap County, Washington.  Attached is the Power Point presentation I used.  (click this link to see the presentation – High Impact Major Gift Fundraising – Ask, Thank, Report, Repeat).

At Better Fundraising For All we believe in the work you do.  We also believe that nonprofit organizations are the greatest force for good in our country. The free and low cost resources we create and deliver are designed to help you fuel and grow your mission.

For deeper insights, information, and training content – subscribe to our insider emails by using the form found on the right side of this page and visit our class/training resource links by using the tabs at the top of the home page.

Keep up your good work!

Jim

A simple truth about major gift fundraising

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We just finished teaching a four week series on how to achieve a fundraising breakthrough by applying Ask, Thank, Report, Repeat to your major gift fundraising efforts.

The training curriculum included videos, conference calls, and support documents.  The first video we sent the class was this one that outlines (in kinda of a funny way) how we typically communicate and treat our major donor friends. Check it out!  Major Gift Fundraising Introduction

We believe the mission focused work you do through your nonprofit organization is the greatest force for good in the world.  Because of this belief we have set out to develop resources that show you the best ways to raise money to fuel your mission growth. We deliver this clear fundraising thinking to you for free or at low cost through various resource from time to time.

If you’d like to receive more clear thinking about fundraising directly to your email inbox, become a subscriber by completing the information form on the right side of this page.  You will receive ‘insider information’ that only BFFA subscribers receive. We hope you will join the BFFA movement!  ====== sign up over here ======>>>

Major Gift Fundraising Focus

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Did you know that 80% of your revenue comes from about 20% of your donors? Did you also know that about 85% of all fundraising revenue in the United States comes from individuals?

These numbers tell us that we should focus a majority of our fundraising energy on developing a major donor plan/system that works. If you don’t have an actionable Major Donor program you are literally leaving money on the table that you could be using to further your mission.

We’ve worked with hundreds of organizations who have raised millions of dollars from major donors.  The tips shared below are based on real-world results for what works and what doesn’t work when raising money through the mail.

  • Have an offer that works!  Great offers state a problem that is easy to understand, a solution that is easy to understand, the cost of the solution seems like a good deal and there is urgency for the donor to respond.
  • Get to know your donors.  Know their likes, dislikes and charitable interests.
  • Ask the donor to do exactly what you want them to do.  “Please write a check today, to help solve this problem, by this date.”
  • Ask for more money than you think you should ask for.  It’s not your job to downgrade the donors gift.  The donor will offer a lower amount if you ask for too much.

At the end of the day your focus should be on donor retention and lifting their giving from current levels to higher levels.  This improvement will happen if you follow a strategy like Ask, Thank, Report, Repeat and apply the clear thinking noted above.

The 5 Things Every Great Development Director Knows

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We were recently asked a great question, “What 5 things should every development director know?” Here’s our answer.

  • Your donor list is your most important asset. Back it up, keep it up to date and know who is on your list and why.
  • Segment your list into giving groups based on amount given or other factors like giving frequency. Know your donors giving patterns and communicate with them based on those patterns.
  • Encourage donors already giving to your cause to continue giving. Keeping donors costs you less money and time than it does to acquire new donors.
  • Build a clear and visible fundraising offer. Great offers state the problem, solution, make the solution a great value and create a level of urgency.
  • Learn how to enjoy asking for money. You are asking donors to help solve a problem or make the world a better place.  Donors are happier, healthier and wealthier than non-donors.  You are helping them live a better life!
  • Ask for more and ask more often.  Most of us aren’t asking enough.

Watch the video!  We created a 3 minute video that gives you deeper insights and information into this subject.  To receive the video along with other timely fundraising resources periodically delivered right to your desktop – register with Better Fundraising For All using the form on the right side of this page.  ======================>

For immediate help, visit our store to register for a class or order a direct mail / newsletter review.

Empower Your Donors To Give!

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We recently received a great question from one of the followers of this blog.  She works for a large, nationally well-known organization and was questioning the need to include pictures, quotes and captions in her direct appeal letters.  Here’s how Steven Screen, our BFFA expert on direct mail, responded.

                    For the most part, appeal letters are about presenting a Problem and then asking the donor to Solve the problem with their     gift. Over time, direct mail fundraisers have found that letters (without photos) get higher response. You can absolutely use photos, captions and headlines in letters – but they have to be done really well so that they add to the letter and not take away from it.

Three details to note;

1) Often times organizations will send out a letter presenting a Problem and asking the donor to solve it – but they will use a photo of someone who looks happy or healthy. That sends a mixed message to a donor and because of that mixed message the responses are almost always lower.

2) A good letter does have headlines — they are just formatted differently than a newsletter. A good letter uses underlining, bolding, “handwritten” text in the margins, a P.S., etc to draw readers’ eyes to certain sentences. Those are the headlines! (Which is why, by the way, it’s so crazy when an organization doesn’t want to underline or ‘call out’ any text. They are, in effect, saying to the donor that “we are not going to tell you what’s important about this letter, you have to read the whole thing for yourself to find out.” Good design, on the other hand, makes it easy for a donor to scan the letter and still know exactly what it’s about and exactly what the letter writer wants them to do.

3) Not all direct mail to Major Donors needs to have a photo. We’ve done tons of letters to Majors that didn’t have photos but still worked really well.

A good friend of BFFA, Chris Davenport from 501c Videos, recently posted a video entitled, “The four rules of good fundraising writing.”  Take a few minutes to watch the video. It is chalk full of great insights.

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