Peer-to-Peer Fundraising and Donor Retention Don’t Have To Be Enemies

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Jay Love of Bloomerang and Dave Boyce of Fundly will explain how the immense success of new donor acquisition via peer-to-peer fundraising can also result in repeat donors the following year.

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  • 1. Peer-to-Peer Fundraising and Donor Retention Dont Have To Be Enemies! David Boyce CEO Fundly Jay B. Love CEO & Co-Founder Bloomerang August 14, 2013 1

2. Fundly Is Event Fundraising platform Three things: Easy Pretty Social The best platform for acquiring new donors 3. Why Social Fundraising? 90% of households have one or more social media profile Each person with a social media profile has an average of 130 friends Average donation on crowdfunding sites for charitable giving is $121 (28% higher than the average online gift) When a friend reaches out to another friend to ask for help supporting a non-profit cause, the response rates are 10x higher than when the organization makes the ask! 4. How Inviting is This? Not visually inviting/stimulating Doesnt inspire action No sharing tools Doesnt show what others are giving Doesnt communicate what money does Cant live alongside website content Cant style the page on my own 5. Vs This 6. Less clunky easy to use as admin, no IT or 3rd party required Access Access to admin tools needs to be available anywhere User friendly make it easy for donors and participants to use Intuitive Simple to navigate, sign up, donate, become a fundraiser, share, etc. EASY & INTUITIVE 7. Fundraisers - the tools they need Page building & editing Email center for updates Funds easy to access Customization No outside designers needed No IT or 3rd Party Involvement 8. Easy to build and edit campaigns Easy to email and post to social sites 9. Supporters into Fundraisers Supporter Fundraising pages all include default content. Supporters can build onto that content, telling their own story. We automate many coaching and sharing actions. Photos and video are widely used. Facebook and email support integral. 10. You Need A Plan A compelling story w/ inspiring content. A core group of interested volunteers who will kick off campaign. A solid plan to recruit volunteer fundraisers. A communication plan. A clear goal. A clear schedule. A single campaign Owner in your org. 11. Arnies March 12. 63 Teams 3,538 Emails 224,009 Impressions 413 supporters 673 Facebook posts 72,261 Facebook audience $12,993 raised 13. Make it Personal! Personal ties cited as the #1 deciding factor in individual donations Personal campaign pages convert 38% more then a standard donation page 14. Blog style updates to keep people engaged (feedback loop) Supporters receive email updates Personal thank you cards 15. Social from beginning to end 16. Make it Social 60% of browsers in the US are logged into Facebook at any given time If Facebook were a country, it would be the worlds 3rd largest. (2x the size of the US) Personal mobiles pages 35% of traffic to nonprofit sites comes from mobile sources 58% of traffic to Fundly from mobile or social 54% of Fundly users connect through Facebook 17. Real campaign on Facebook 18. How to Start Sign up and create a fundraiser for free Recruit supporters through email and social media Need more help or integration with Bloomerang contact [email protected] 19. Donor Acquisition Tools Step 2 Effective use of a donor database makes new donor RETENTION achievable . . . 20. Capital Campaign Tools Effective use of a donor database is? 21. Capital Campaign Tools Effective use of a donor database is? Simply EVERYONE using it daily to build relationships! 22. New donor commitment is the next logical step after a relationship is created and nurtured. Lifetime Value = New Donor Commitment 23. Addressing the Retention Problem! Is it a Donor Relationship Problem? 24. CUE THE EXPERTS: Dr. Adrian Sargeant Bloomerang Chief Scientist Professor of Fundraising at the Center on Philanthropy at Indiana University holding what is presently the worlds only endowed chair in that discipline. Top 10 Most Influential People in Fundraising Renowned expert on Donor Retention and Donor Loyalty Mr. Tom Ahern Bloomerang Donor Communications Head Coach One of the worlds top authorities on donor communications Author of 4 books on Donor Communications Winner of 3 prestigious international IABC Gold Quill awards 25. DONOR RETENTION BEST PRACTICES Dr. Adrian Sargeant Bloomerang Chief Scientist A 10% improvement in retention can double the LIFETIME value of your donor database! 26. The total net contribution that a customer/donor generates during his/her lifetime in your database Defining Lifetime Value 27. 6 Key Retention Drivers (That can double lifetime value) Drip feed mission performance data Connect often Be personal (SEGMENT) Develop like a good personal friendship Find & use numerous human connectors Always communicate what monies are doing! 28. Automatic Engagement Factors Recency and pattern of giving Cash donors vs. sustaining donors # of years giving + Upgrade / Downgrade + - Lapsed - Event attendance + Opens email + Click links in emails + Unsubscribes from email - Has stated communication preferences + Has inbound interactions + Has soft credits + Volunteers + Social Media (coming soon) and a whole lot more! 29. Next-Gen Database/CRM Easy Enough for All to Use! (Even the CEO) Enables Donor Retention Best-Practices! 30. Questions? David Boyce CEO Fundly Jay B. Love CEO & Co-Founder Bloomerang 31. Next Webinar: Building & Communicating Your Nonprofit Brand w/ element212 8/15 1pm EST bloomerang.co/resources/webinars