SLOW DOWN!

At Blakely, we have a step in our process for every campaign called the “variable strategy review”. It’s a meeting when the fundraising strategist (me), the project manager, the data programmer, the production specialist, and one of our senior strategists or a member of our Insights team all come together. We look at the mail package or email or any creative with variable elements and review everything to make sure:

  1. We have the info we need in the data to feed into the variables
  2. The variables make strategic sense

It’s a critical step in the process to catch any issues or “gotchas” as my colleague Jeff calls them. But it’s also an opportunity to strengthen strategy and ensure it’s sound.

We have a busy workplace just like you, especially at this time of year. So you would think we’d have our minds elsewhere during this meeting or be rushing to get somewhere/do something else. But no.

We went through every item. We asked strategic questions. We changed variable copy. We put ourselves in the donors’ shoes and thought about whether what we were saying would really reach them.

I’m not saying all this to note how awesome Blakely is (though we are). I’m saying this to encourage you to slow down even when work is crazy. Yes, “done is better than perfect”, but sometimes we really need to stop, ask questions, and think strategically about the donor and how we can inspire them and motivate them to give.

Take an extra 30 minutes this week to slow down and work through something more strategically. And when you do – share it in the comments. Good luck! It’s fundraising season, baby!

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Written by Maeve Strathy

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Maeve is the Founder of What Gives Philanthropy and has been working in fundraising for eleven years.
Click here to learn more about Maeve.

Connect with Maeve via:
Twitter | LinkedIn | Email

5 things I’ve learned about fundraising – and myself.

Hi.

How are you?

It’s been a while.

As some of you know, I’ve taken a long hiatus from this blog; around 6 months. It was starting to feel like a chore and the posts were feeling a bit uninspired, so I took a break – for 3 reasons.

  1. I didn’t want the blog to go to s*&t only for me to never return.
  2. I wanted to throw myself even more into the job for which I’m actually employed (at Blakely).
  3. I needed a break.

But recently – for the past month or so – I’ve had an itch. Incidentally – but not ironically – it is the busiest time of year for fundraisers…when it rains, it pours.

I think the itch was particularly itchy about a month ago when I celebrated my 2-year anniversary at Blakely. I can’t believe that the time has gone so fast; it feels like only yesterday I made this bold move for my career.

And yet I’ve learned and grown so much, and so I’m inspired to take a moment to reflect on…

5 things I’ve learned about fundraising – and myself.

CREATIVE COUNTS. Yes, you have to segment your data well and make the right ask to the right people. But without creative that catches the eye and stands out in the mailbox, inbox, Facebook newsfeed, etc., your organization doesn’t stand a chance. And this isn’t just about good design or nice stock for your OE (outer envelope), it’s about a compelling story, too. No matter what channel you’re telling your story on – mail, email, a few lines on a Facebook ad, video, etc. – it needs to be emotional, compelling, and motivating.

PROPOSITIONS PUSH. But those compelling stories? They need to tie back to the need. The need is expressed through the fundraising proposition: why do we need the donor’s support now? What’s the problem? What’s the solution? How can the donor be part of it? What’s their role in all of it? What will their impact be? How will they know they’ve made a difference? The story moves donors emotionally, but the proposition can trigger that rational part of the brain, which can be critical in the decision to give.

INTEGRATION INSPIRES. Direct mail isn’t dead, but it doesn’t stand alone. Our donors are engaging with us in many ways – they’re getting our mail and emails, maybe they’re seeing our videos on TV, YouTube, or Facebook, they’re searching us on Google, they’re going to our website… they’re everywhere! So we’ve gotta be everywhere, too. But we need to be integrated. If they’re seeing us everywhere, we want what they see to have a common thread; they saw our mail and forget about it. Then we came up on their Facebook feed and they scrolled on. Then, it’s nearly December 31st and they want to make their year-end gift, so they Google us. Is what they see connected to what they saw? Ideally it is so they feel seen and heard and what originally caught their attention is seen through to the end. Give thought to the full journey; it matters.

PASSION PERSEVERES. But none of these learnings matter if you don’t love what you do. I love my work and the company I work for, but things get crazy and stressful. I have weeks where I feel on the ball, and weeks where I feel like I’m dropping balls, and then I have days like a month ago when I was on a video shoot for a client and we interviewed a family impacted by the organization’s care and donors’ support. The gratitude was so palpable and I thought: “This. This is why I do this.”

CULTURE CUTS. Unfortunately passion doesn’t persevere through everything. I’ve worked in fundraising for almost 11 (!!!) years now. I’ve worked in super inspiring environments, and mediocre ones. My passion hasn’t been able to lift me out of the mediocre ones. Now I work for a company where culture is our competitive advantage. My booming voice is celebrated (mostly), not quieted. My habit of distracting all colleagues from 2:00-3:00 every day (my worst time for productivity) is tolerated, not discouraged. My ideas are always welcomed. My humour is encouraged. My stress is worked through. My hard times are comforted. I – as an individual – am fully valued. So on the hard days, I feel I am working with people who love me, and so I can always make it through.

It’s been an awesome 2 years at Blakely, and an amazing 11 years in fundraising, and I am ready to get back to this blog.

See you soon!

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Written by Maeve Strathy

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Maeve is the Founder of What Gives Philanthropy and has been working in fundraising for eleven years.
Click here to learn more about Maeve.

Connect with Maeve via:
Twitter | LinkedIn | Email

Best Practice is Test Practice

Let me set the scene: You’ve just attended a conference and your head is buzzing with new ideas. But there’s one in particular that you have to try! You know your organization’s donors will love it and really respond to it. So you go to your decision-maker and put the idea in front of her. She immediately shuts it down. “Our donors won’t respond to that!”, she says. You, deflated, go back to doing the same old, same old.

Here’s another scene: You just got an email from your favourite charity (but not the one you work at). It has a lot of copy, yet you’re captivated the whole time you read it. You get to the end and can’t help but make a gift. But there was so much copy! That’s not best practice! And yet… you gave. So you start thinking about the charity where you work. You only write short copy emails there; it’s “best practice”, after all. You consider making your next email a bit longer, but the digital experts in your office might say no. And what if it sacrifices revenue?

If you’re like most fundraisers, one or both of these situations is familiar to you. Revenue is precious, and if it’s coming in, then there’s not a revenue problem. If there’s no problem, there’s nothing to fix. If there’s nothing to fix, why try something new?! New ideas have no place in your charity.

But there is a problem! Status quo is a problem. Maybe not today, maybe not tomorrow, but at some point things will plateau if they haven’t already.

And chances are, the most senior people at your charity don’t want to see revenue go flat. They want to see it go up.

But how?

We use a quote from Albert Einstein a lot in our office to shake us out of status quo:

So how do you stop being insane? How do you challenge your known best practice without sacrificing (too much) revenue?

You test.

In my opinion, we don’t do nearly enough testing in fundraising. We’re so risk-averse – and understandably so. We don’t have money to just play around with, and for most charities it would be irresponsible to “play” with our money anyway.

But there’s so much to learn by trying new things!

Testing is the way. Testing is the way to convince your organization’s decision-maker to try something new. You go status quo with one group of donors – maybe send them the year-end package you always have. And then with another group of donors – send them the new package! Or the long-copy email you’ve been wanting to try!

6 Tips for Testing:

  1. Test ONE thing. To have a true test, you have to be able to identify the one thing that made one “package” more successful than the other.
  2. You don’t have to do a 50/50 test, you can do 75/25 or whatever you want! But – for the test to be conclusive, you want to have a minimum of 100 responses.
  3. Don’t just test for testing’s sake. If the element that you’re testing “wins”, the assumption is that you’ll roll out that element in future efforts, so it needs to have value.
  4. Digital testing is the same as testing through mail. You’re still testing one thing.
  5. You can test more than just creative/copy elements. You can also test data elements. What would happen if you mailed 50% of your inactive donors a totally different letter than other donors? Would they perform better? Or what if you tested your usual ask grid ($50 $100 $250) against something a bit more aggressive? Would that result in a higher average gift?
  6. Sometimes – even without testing it – it’s time for your longstanding control package to go. (Note: Your “control” is the package that keeps on winning against test packages.) Just because it’s “winning” doesn’t mean it should still go out in the mail. Sometimes it’s time for something new, with or without testing.

(Shout-outs to my awesome colleagues Laura & Sara for sharing their best testing tips!)

Good luck, and happy testing!

~~

Sign up for my email list and get a FREE E-BOOK on mid-level donors!

Written by Maeve Strathy

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Maeve is the Founder of What Gives Philanthropy and has been working in fundraising for ten years. Click here to learn more about Maeve.

Connect with Maeve via:
Twitter | LinkedIn | Email

What does your charity have in common with Louis Vuitton?

What does your charity have in common with Louis Vuitton-

Imagine this: it’s pay day.

You pay your bills, you set aside money for groceries, you put a little money away in savings, and you generally make sure all your needs are met.

If you’re fortunate enough to be able to do that, and even more fortunate that you have money leftover, then you might think to yourself: what else can I do with my money?

Maybe there’s some work to do on your house. Maybe you want to go out for a really nice dinner. Maybe you love purses and you’ve been saving up for a designer bag.

Or maybe… maybe could you consider giving to a charity?

This is the noise we’re trying to cut through, folks!

This post was inspired by a client the other day, who compared charities to luxury brands. Obviously people have many views about charities and the importance of giving, but my client was right; for many, giving to charity is a “nice to have”. It’s one of the potential ways you can spend that extra money that you’re lucky enough to have.

But there’s a lot of noise! There are flashy, highly-produced car commercials. There are glossy pages in magazines with beautiful people holding beautiful bags. There are a lot of temptations, and charities can’t afford to get their ads everywhere that a luxury brand is advertised.

Now I know this isn’t the way we need to think of all donors, especially current ones. Obviously the work we do is more important than the noise we make, and a lot of donors are so committed to us, our mission matters to them, that a Louis Vuitton bag couldn’t tempt them away from us.

But when we think of the world beyond that, and the people that might be interested in giving to our cause that aren’t right now, we need to think about what “the market” is saturated with. Not only are we competing against luxury brands, but we’re competing against other charities, and the competition can be fierce.

Let this be the reason you take a risk. Let this move you to try something you’ve been wanting to but haven’t made a strong enough business case to your boss yet. Think about a digital media buy. Think about a more creative envelope with your next acquisition mailing. Think about trying something new!

Because the charity next door is doing it… and Louis Vuitton definitely is.

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Sign up for my email list and get a FREE E-BOOK on mid-level donors!

Written by Maeve Strathy

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Maeve is the Founder of What Gives Philanthropy and has been working in fundraising for over nine years. Click here to learn more about Maeve.

Connect with Maeve via:
Twitter | LinkedIn | Email

5 direct response best practices (and 1 busted myth)

5 direct response best practices(and 1 busted

In my nearly 9 years in fundraising, I’ve been hearing this myth. Maybe you’ve heard it, too. It’s this intangible thing… this concept… this idea…

Best practice.

“Best practice” is defined by Wikipedia as “a method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark”.

Have you heard this myth, too? It’s a myth because we hear about it so much, but we rarely see it in actual practice. Why? Budget, time, other resources? There are myriad reasons why, but it seems a shame, because all of the “best practice” ideas sound so great.

Guess what I’ve learned in the 5.5 weeks in my new job? Best practice is not a myth!

I always wondered, what can an agency do that a charity can’t do internally? Now that I’m on the agency side, I realize: A LOT. Hiring an agency to do your direct mail, for example, is a big investment, but the return is huge.

Why? Best practice.

You put in the resources – at least financial – and the agency takes your time (mostly) out of the equation. The agency does the work, and since that’s their sole business, they have the time and resources to make sure the output follows best practices.

What are best practices? Let me share my five favourites – that I’ve learned so far – with you!

#1: STORIES — Donors don’t want to hear much about you. You, the fundraiser, and you, the organization. They want to hear stories. They want to hear about people; people their generous donations supported. Was someone only able to attend your university because of donor support? Did someone survive – literally – because of donor-funded medical equipment? Donors want to hear about that.

#2: MULTI-CHANNEL APPROACH — Every medium you use to fundraise is great, but it’s stronger when it’s accompanied by a number of other channels. People need to be reminded a few times before they take action, so pairing your direct mail piece with an e-blast or your DRTV spot with digital display ads means a stronger campaign. Plus, the more channels a donor gives through, the longer – and more generously – they’ll give.

#3: BEAUTIFUL DESIGN — Inspiring stories and a variety of channels are all well and good. But if all of this goes out in a #10 envelope that looks like your Internet bill, what’s the point? There needs to be design elements in your direct response activities. It doesn’t have to be complex – in fact, it’s often better if it’s not – but it needs to be considered. The paper you use, the size of the envelope, the number of package components… it needs to be well thought out.

#4: VARIABLES — You need to acknowledge each donor along their journey. Is this a new donor? A mid-level donor? A lapsed donor? A donor who gives every September but hasn’t yet and you want to make sure they do? Whoever they are, you need to acknowledge them. It’s good for #donorlove, and it’s good for revenue!

#5: DATA — THE MOST IMPORTANT BEST PRACTICE OF ALL! The power of data cannot be denied or underplayed. You have to know how donors are responding to different pieces/packages/asks/etc. You need to test different premiums and find out what works! You need to split donors by their type and address them – and solicit them – differently. I could go on and on… DATA IS KING.

That’s it from me!

What’s your favourite best practice??? Share in the comments!

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Written by Maeve Strathy


Maeve is the Founder of What Gives Philanthropy and has been working in fundraising for over eight years. Click here to learn more about Maeve.

Connect with Maeve via:
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Guest Post: The Big Bang — How to get the most from your fundraising efforts

The Big Bang -- How to get the most from

We’ve all heard it: having optimized assets matters. But how much does it really matter? In my experience, it matters, a lot. If your communications aren’t creatively using cutting-edge trends, you are missing opportunities to engage with your audience, to make them care, to have a bigger impact.

It was a big priority for me to redesign and optimize the fundraising communications at Humane Society International, so once we found an amazingly creative consulting team to help make my dreams a reality and got the budget approved, we dove right in. Over a period of six weeks working hand-in-hand together, we redesigned everything: email templates, advocacy alerts and our donation pages. We even redesigned a major online fundraising platform for symbolic giving – and we obtained big results.

We spent a lot of time strategizing. We wanted to make it easy for people to give or take action. We strategically planned appeals based upon response – I spent a lot of time creating detailed reports so I could study our file and learn what was and wasn’t working. We integrated across channels online and used consistent campaign branding – from social to email to web. We made our assets fun and interactive; we even ‘gamified’ a donation form using Javascript. I searched international giving trends weekly so I could stay up-to-date. We wanted to give our constituents a voice by making donor care access easy on every page. We wanted to offer as many options as possible for payment and currency. And we weren’t afraid to fail or to take a risk.

Here’s what the outcome was: over one year…

  • Revenue from mobile devices doubled.
  • Conversion rates doubled.
  • Online fundraising increased by 76% (while email file size increased by 12%).
  • The number of monthly donors grew by 80%
  • The number of monthly gifts increased by 51%
  • The average number of gifts increased by 131%
  • The number of gifts per month increased by 129%

In one year. Can you image the lost potential and income if we hadn’t done this? It was well worth time time and energy spent coming up with a cohesive marketing plan.

Have I convinced you how important this is yet? No? Then register for my webinar (details below)!!! If I haven’t convinced you yet, let me try to change your mind.

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WEBINAR — The Big Bang: How to get the most from your fundraising efforts

In this session, you will learn tips on how to raise the most money and maximize your impact through your online communications efforts – from optimizing online assets to creating engaging online platforms.

Register today!

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Written by Elise Ledsinger

 

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Elise Ledsinger is the Senior Manager of Online Marketing Communications for Humane Society International, the international arm of The Humane Society of the United States, and is based in Washington, DC. Click here to read Elise’s full bio.

Connect with Elise via:
Twitter | Email

 

**SPONSORED POST** Email maeve@whatgivesphilanthropy.com for more information about advertising on www.whatgivesphilanthropy.com.

 

 

 

Guest Post: Five Must-Haves for Online Fundraising Success

Almost every nonprofit organization has embraced the Internet to help spread awareness for their cause, gain supporters, and raise money through online donations. When looking at the online fundraising campaigns that achieve the greatest success, they seem to include five critical elements.

  1. Enhance Digital Efforts & Go Mobile
    People are spending a greater amount of time online each year. In fact, over 11 billion searches are conducted each month on Google alone. Just like any business with an online presence, your organization not only needs a website, but it should include some important elements: simple, clear messaging, easy navigation, and, with more than 80% of internet users also using a smart phone, mobile optimization is key. By using fundraising software, such as DoJiggy, you can easily build a mobile-optimized fundraising website to manage all details for your fundraising event including: registration & ticket sales, collecting online donations, progress tracking and reporting.
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  2. Pay More Attention to Social Media
    Today more than 55% of Americans have social media profiles presenting a unique opportunity for the non-profit sector. Social media gives nonprofits an easy way to reach out to their donors, build and nurture relationships, and communicate news and updates. Facebook and Twitter are staples in the non-profit world. But remember it’s not just being present…it’s engaging. Don’t just post about your own charity, but find other organizations doing similar things and help them spread the word – retweet, share their posts, and chances are they’ll return the favor. Don’t forget about other networks that are rapidly growing, like Instagram and Pinterest which give you a unique opportunity to share visual imagery and attract more people to your cause. LinkedIn and Google Plus are also great ways to connect with other communities and talk to your peers.

  3. Communication Tactics to Engage with Different Generations
    When thinking about communication efforts, be sure to consider how your message will reach different generations. Some older donors may prefer letters sent in the mail, email newsletter updates, or personal phone calls. Keep in mind that in just a few short years, Millennials will make up the largest portion of the workforce, thus controlling a large portion of funds, and therefore will be critical to your fundraising success.  This generation relies heavily on the information they find on the Internet. They engage via social channels so be sure to have a presence here and give them the tools they need to share. They also look for organizations to be open and transparent, so including testimonials could be a nice tactic.pic2
  4. Free Online Resources for Participants
    In this day and age where information is so accessible, people are always looking online for help. By offering helpful fundraising resources to your supporters, you not only show them you care, but you can actually help them perform better – which results in greater success for your charity. Offer fundraising check-lists and timelines to help them plan. Offer tips for soliciting donations or sample donation request letters. Post short videos that explain more about the cause and give them sample pitches to use so they are prepared when they seek donations. You can even offer some stock images for people to use in their social posts or sample “tweets” for them to simply copy and paste when sharing your message.
  5. Analyze Metrics & Make Improvements
    Evaluation has always been an important part of any fundraising campaign. Yet, finding actual statistics used to be much more of a challenge. People distributed surveys or estimated attendance for events. Today data is easier to come by than ever before. Using tracking and analytics tools, like those included with DoJiggy’s fundraising software, allow your organization to better understand your donors and the results of your fundraising efforts. Did more donations come in from email campaigns, social sharing, from sponsor sites or blog posts? You can also use data to find out what your prospects are interested in. By looking at Social media, you can see which posts get the most engagement, likes, and clicks. Use this information to help with your future branding and messaging.

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Written by Kari Kiel

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Kari Kiel is the Marketing Director at DoJiggy – a company that’s been providing affordable, easy-to-use online fundraising software solutions for nonprofits, schools, churches & community organizations for more than a decade. www.DoJiggy.com

 

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**SPONSORED POST** Email maeve@whatgivesphilanthropy.com for more information about advertising on www.whatgivesphilanthropy.com.

#whatgiveswednesday | young (non)donors week ten | let’s take a brief look back, shall we?

Wow! Can you believe we’re already on Week 10 of #whatgiveswednesday? Time is flying!

I thought this milestone was a good opportunity to look back at weeks 1 through 9 and ask, “What have we learned so far?”

I re-read the first 9 posts and already some clear themes are coming through. Here they are:

ONE: TRANSPARENCY
I’ll talk more about communicating with young donors in a sec, but transparency on its own was one of the most important factors I identified after re-reading the posts. Charities must be transparent when communicating with (young) donors. Make your impact known, allow donors to see stats and metrics on their impact, and let them know without a doubt that you did exactly what you said you would with their money.

TWO: INVOLVE
As Sheena Greer told us in her awesome #whatgiveswednesday guest blog post, “We are going to give our time first and our money second.” You’ll show young donors just how transparent and trustworthy you are when they get involved and have a “behind the scenes” look at who you are and what you do. Make it fun and social for them, and the money will follow.

THREE: RESTRICTED
The trend is that all donors – young and old – are moving away from unrestricted giving. It goes hand-in-hand with the changing approach to philanthropy; it isn’t guilt or obligation-driven anymore, so there isn’t a willingness to just pour funds into a general fund and impact… who knows what? Make your giving opportunities more exciting, specific, and cause-driven.

FOUR: MAKE GIVING EASY
If you’re investing in your young donor program, you better have an easy online giving form that’s also mobile friendly. End of story.

FIVE: COMMUNICATE
In addition to being transparent, there are other important factors in your communication with young donors: be clear, be concise, tell stories, use images, integrate short videos, include user-generated content, and be authentic. Don’t use an institutional voice; get existing young donors – a.k.a. “gen y besties” – to tell their stories for you, just like Carolyn Hawthorn suggested in her #whatgiveswednesday guest blog post.

It’s not that complicated, but there’s still more mystery to be solved! Tune in on Wednesday, April 15 for our next segment. Thanks for reading!

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Written by Maeve Strathy

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Maeve is the Founder of What Gives Philanthropy and has been working in educational fundraising for the past eight years. Click here to learn more about Maeve.

Connect with Maeve via:
Twitter | LinkedIn | Email

#whatgiveswednesday | young (non)donors week nine | guest post: boom! what? harness the millennials!

I recently attended a conference in Seattle, WA (Academic Impressions Young Alumni: Establishing Lifelong Relationships) and was inspired to “guest blog” about my trip.

Full disclosure: When I was in high school, the Macarena was the biggest dance craze. As such, I am fully aware I can never be part of the Millennial movement (although I’ve seen some great mashup-revivals of those moves recently…)

However, just as I can appreciate great feminist literature or how Bill James could influence major league baseball without ever playing pro ball, I’ve been turning my professional attention to this next great generation: The Millennials (aka Gen Y) despite not being “one of them.” I’ll try not to focus on the myth that they don’t give (and get off my lawn, you meddling kids!) because it’s simply not true (87% of millennial employees donated to a nonprofit in 2013) but rather how our collective mindset and paradigms need to change to allow this group of highly creative, socially motivated folks to connect their money with their passions.

First, this is the #ShowMe generation. Having instant access to information (accurate or not) has trained them to expect to see the impact of their gifts immediately and in a way that aligns with their passion or sense of self. Thank you Facebook and Google Analytics! Make sure your donor relations strategy allows your students and younger alumni to access stats and metrics on the direct impact of their gifts. Also, tie their support to tangible projects that will impact their donor experience. Disinterest in donating to general funds is also trending.

Second, this group has been connected via the internet most of their lives. They know how to navigate web and mobile devices and have no patience for multiple click thrus or ugly websites. Is your content accessible and mobile friendly? 83% of Millennials currently use a SmartPhone and in 2014, mobile access surpassed desktop access. Invest in your marketing and communications online strategies for this group and be intentional.

Third, remember when commercials used to be 30 seconds and YouTube videos were 5 minutes long? Now, we see 6 second Vines, video viewing rates dropping off after 48 seconds, and if it doesn’t fit in 140 characters, it’s not worth saying. Be clear, be concise, and be honest. Every generation has its own vernacular, be sure to use images and short videos for millennials. User-generated content is great and sometimes preferable to “institution-produced” adverts. When Arthur Brisbane said, “a picture is worth a thousand words” I’m not sure he was ready for Instagram, where 8 million pictures and videos are posted every hour. Every HOUR!

And finally, keep in mind that Gen X and Millennials are set to inherit $40 trillion (with a “T”!) in the next 50 years. Can you afford not to speak their language?  

The better we all do as an industry to change our stewardship and donor relations strategies, the more connected, engaged, and INVESTED this key demographic will be. Boom! What? Harness the Millennials!

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Written by Ben Seewald

unnamedGrowing up, Ben Seewald wasn’t like every other kid, who dreamed about being a doctor, or a kangaroo, or an astronaut – he always wanted to work with phenomenal people in Alumni Relations at a University. Ben is living his dream at Queen’s University as an Alumni Officer, working on student and recent graduate engagement programming.

Connect with Ben via:
LinkedIn

Guest Post: The #1 Mistake Online Fundraisers Make

There is nothing more frustrating than not hitting a goal you’ve set. Especially when it comes to fundraising.

You start dreaming big and thinking of all the things you’ll do with the hundreds of thousands of dollars you’ll raise.

Then when you miss that goal, you feel like you’ve failed. Worse yet, you feel like you’ve let down the folks who actually did donate.

That’s not a good feeling.

Many times, missing a goal comes down to one thing: setting unrealistic goals.

What’s Realistic?

The most successful online fundraisers have two things going for them: strong online assets, and a plan to promote their campaign using those assets.

Through my job at WeDidIt, I’ve been able to look at the lots of successful crowdfunding pages and their traffic statistics.

I learned that a campaign’s performance is predictable. I can look at a page’s traffic and give you an idea of where each of those visitors came from (email, Facebook, Google, your organization’s website, etc).

Better yet: I can tell you how much money it probably raised.

It’s a great party trick. If the party you’re at is full of nonprofit people…

How I Do It

It’s all about averages.

By taking the total amount raised and dividing that by the total traffic a page received, we can get a dollars per visit value (how much, on average, each page visit is worth). This figure works out to $9/visit (it’s actually more, but I round down to be conservative).

We can reverse engineer this to figure out how much traffic your page needs to generate to raise a specific amount.

Want to raise $1000?

$1000 / $9 = 111 visits to the page. You’ll need at least that much to make it happen.

On average, here’s where that traffic comes from:

  • Email: 56%
  • Facebook: 25%
  • Your website: 10%
  • Search: 5%
  • Twitter: 3%
  • Other: 1%

Right away, you can see email is the biggest driver of traffic.

It makes sense then to set your goal based on how healthy your email list is.

If your email list is small or has a low open/click rate, setting a huge crowdfunding goal is not realistic.

For example:

If you want to raise $15,000, you’ll need about 1670 visits. 56% of those have to come from your email list, or 935. That means 935 people on your email list have to open the email and click the link to the page.

If your email list is 10,000 addresses strong, you’re in good shape!

If it’s 500 addresses…you get the idea.

Just as you would run a 5K before taking on an IronMan race, setting realistic crowdfunding goals helps you experience more success and have something to build on.

If you’re interested in those crowdfunding stats, I put together a handy little tool I call the Crowdfunding Calculator. It allows you to plug in how much you want to raise, then breaks down how much traffic you’ll need, where it needs to come from, and gives you an idea of whether your online assets are strong enough to support that goal.

I offer it for free to the nonprofit community, all I ask for in return is that you tell me what your biggest fundraising headache is (so I can get ideas for a my next tool to make!). Click here to check it out!

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Written by Andrew Littlefield

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Andrew is a marketer and nonprofit fan for WeDidIt, a startup based in Brooklyn, New York dedicated to helping nonprofits raise more money and reach new donors.

Connect with Andrew via:
Twitter |  WeDidIt Blog