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What if I told you about a source of annual revenue that cost 18 cents to raise a dollar?

4/25/2017

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What if I told you that there was a source of annual fund dollars out there that could cost you 18 cents to raise a dollar and raise those funds very quickly in a short period of time?
 
And what if I told you that you probably were not currently utilizing this particular source of revenue for your institution? You would be interested, right?
 
Let me tell you what the secret source of revenue is . . . Facebook ads.
 
Yep, Facebook ads. Believe it or not, I recently did a test in which I ran Facebook ads for year-end fundraising and the cost to raise a dollar was as low as 18 cents.
 
In all honesty, this test grew out of the fact that I work for a very small shop and I’m the only fundraiser. I needed to come up with a calendar year-end giving campaign for our social media. Last year I spent a lot of time crafting unique messages to be used for each day in December. This year I was just running out of time and had no real creativity left in me.
 
So instead, I decided to craft three very targeted year-end promotional messages and boost them significantly with Facebook ads. I had a little bit of extra money in my budget that I re-purposed in order to do this. Not a ton. I'm talking less than $1,200 to experiment with.
 
So I divided my ad dollars up between three boosted ads. The first two were to promote general giving. One was targeted to those outside of our normal constituency on Facebook (people who don’t currently like our page). The second I boosted specifically to people within our community (who currently like our page).  
 
The third leg of this campaign was a specific boost to encourage our constituents to become “sustainers” (recurring monthly donors). All three of these campaigns were successful.
 
First, our campaign outside of our normal constituency reached over 44,000 people who may or may not have ever heard of the school before but had our affinity with the religious community that we serve. We also garnered 14 new page likes.
 
In the general year-end giving part of the campaign, over 500 people clicked on our giving website. We got 24 gifts out of this campaign, totaling almost $5,000. The results came out to only $0.18 to raise a dollar! This was revelatory to think that we could not only do public relations and communications work, developing our constituencies on social media, but at the same time raise some serious money
 
The monthly sustainer campaign was also quite successful. We did not spend very much on that campaign, only about $100 but we got 4 new sustainer donors. These new donors represent $65 monthly (or $780 more per year). That doesn’t even fully represent the lifetime value of those monthly donors. If you just take the first year of value from those monthly donors then it was 34 cents to raise a dollar for this micro-campaign. I would argue it is well worth it when you consider that most of these donors will roll on from year to year as ongoing monthly donors
 
I was surprised that something like Facebook ads could actually work for fundraising. I think my bias against it is because we want these digital mediums to be a free way to reach people. We know they have power to reach people but don’t want to pay for it.
 
And yet, we know that mail and phone are worth the investment. Why are we not willing to invest real money in the digital mediums yet?
 
Facebook (at least) is here to stay. It’s a reliable way of reaching people and we should start thinking about Facebook (and other forms of social media) with the same mindset we use when we think about phone to mail.

Namely, that you have to spend money to make money.
 
We need to start being smart about spending part of our fundraising budget on social media. Run some tests. Look at them with an eye to return on investment. Track the same kind of statistics that we track for phone and mail fundraising, including cost to raise a dollar.
 
If you haven't been utilizing Facebook ads in order to grow your constituency on Facebook and raise real money, I would encourage you to undertake a test. Maybe run your fiscal year-end campaign or use it around a day of giving or some other point of urgency.

​You can gain new donors, new Facebook fans, and real money. You can do all those things to the tune of 20 cents to raise a dollar. I would argue it is worth the investment. Can you lobby for a little extra money in your budget ($500 or $1,000 or $2,000) to experiment with this medium? If it works, put it into your plan for next fiscal year.

Do you already do Facebook ads? If not, is this something you could try? Let me know how it goes.

As always, comments and questions are welcome and encouraged!

Cheers,

Jessica

PS - If you liked this post, you might also like these: 
  • 5 Steps to Promote Your Video
  • All About Giving Days
  • The 30 Minute Fundraiser
  • Crisis Communication
  • Getting Communications and Development Staff to Function as a Team
​
PPS - If you found this article helpful, please comment and let me know. Also subscribe to Real Deal Fundraising so you don't miss a post! You'll get my  guide to Call Center Games for Free!​​

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​Culture of Philanthropy Check-Up

4/18/2017

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Building and maintaining a culture of philanthropy is hard work. It is deep work that takes years to build and moments to destroy. But having a healthy culture of philanthropy makes work more fun and makes fundraising easier. It’s worth having a periodic check-up to assess how your institution is doing.

Answer these questions for your institution:

Board Support
  • Does your board of directors (or board of trustees) support the organization as current year donors at 100% participation?
  • Board support is a sign of stakeholder investment. It also shows that your closest advocates are current with their support. The level of the support doesn't matter so much as the consistency and recency of that support. PS - It's easier to ask for others to give if you are a current donor.

Staff Support
  • Does your fundraising staff support the organization as current year donors at 100% participation?
  • Does at least 50% of your organization’s overall staff (and faculty) support the organization as current year donors?
  • Again, staff support is a measurement of stakeholder investment. Does your staff (especially your fundraising staff, believe in the mission enough to back it with their personal funds? The level doesn't mean as much as the participation.

Alumni support (or Grateful Patient support)
  • This category assesses whether those served by your organization’s mission give back to the organization later. This is a sign of institutional effectiveness.
  • What is your alumni (or similar) participation rate? You’ll know whether this is good for your organization or not. The level at which this metric is outstanding varies widely from institution to institution.

Fun Factor
  • Does your organization frequently have concrete signs that fundraising is seen as an enjoyable community endeavor? (For example, an annual gala, a stewardship picnic, a “Dancing with the Deans” competition, etc.)
  • List what you currently do to put the “fun” in fundraising.
  • Write down three new ideas to improve your fun factor.

Communications
  • How often do your constituents hear from the organization without a fundraising pitch?
  • Do these communications include stories of impact?
  • Are you communicating in different media? Email, print, video, etc?

Stewardship and Donor Relations
  • Do you have meaningful giving societies?
  • Do you have a person designated to assist donors with any “customer service” type issues? 
  • How is your data management and data integrity? Nothing kills a philanthropic feeling like your name being wrong on an invitation.
  • Stewardship is not just the purview of the staff member with "donor relations" in his or her title. It is an office-wide perspective of service and connection. From your front desk associates to student workers/interns to your accountants on staff to gift officers and especially advancement services and gift processing staff, improving donor relations should be everyone's primary objective.

Other questions to think about:
  • Does your organization show the impact of giving clearly and broadly?
  • For major donors, do you create unique reports and experiences that connect for them their gift to the impact in the world?
  • Do you see expressions of gratitude at all levels of the organization? Where could your organization do better?
  • Are the needs of the institution are clearly expressed for donors of all levels using different media?
  • Does the institution set expectations for giving through specific asks, giving society thresholds and endowment minimums?
  • Are fundraising goals embraced by both fundraising staff and program staff/faculty?

How did you feel about the assessment? Where are you doing well? Where should you improve? 

As always, comments and questions are welcome and encouraged!

Cheers,

Jessica

PS - If you liked this post, you might also like these: 
  • Goals versus projections
  • What should a strategic plan contain?
  • Planning for the Unexpected
  • Conducting a Benchmarking Study
  • My Exhaustive Event Planning Checklist

PPS - If you found this article helpful, please comment and let me know. Also subscribe to Real Deal Fundraising so you don't miss a post! You'll get my  guide to Call Center Games for Free!​​
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My Favorite Travel Apps

4/11/2017

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Most fundraisers travel at least some of the time. Many of us are “road warriors” who travel at least 25%-75% of the time. After almost two years of 50% travel, I have found some iPhone apps to be nearly indispensable to me for smooth and safe travel. Here's 10 of my favorites in no particular order. All of these are free to download. 

Google Maps

I’m not really sure how I would have done this job before Google maps! I would have a stack of old MapQuest print-outs as tall as Moby Dick without it. I’m a bit of a control freak and I hate being late, so this app is great for me because I can plan what traffic is likely to be at the specific time of day I plan to be somewhere. I also like that I can select car, public transport or eve walking.

Furthermore, I use this at home when planning a trip to select restaurants convenient to the donor’s home or work, find centrally located hotels, and assess how far constituents live from a metro center I’m visiting to determine whether I could make it that far to see them. Bottom line, it is a crucial tool for my work as a fundraiser.

Clio

Clio is a landmark and history app. It senses where you are and tells you which historic landmarks and museums are near you. It’s fun when you have some extra time to fill between meetings or when you are traveling with kids. I’ve learned a great deal about cities around the country that I wouldn’t have learned without Clio.

Yelp

Feeling like Mexican? How about Lebanese? Just type it into Yelp and it will tell you where the closest restaurant of that type is to you, whether it is open now and how much it is likely to cost. The ratings and reviews are good too if you can’t decide.

Lyft

Lyft is my new favorite app. I’m from the South and wouldn’t know how to hail a cab if my life depended on it. So, when I needed a cab, I would walk to the nearest taxi stand. Now, wherever I am, Lyft gets me to my next destination. I’m so excited that they are expanding into the South now too.

Lyft usually arrives within 5 minute or less, shows me my driver’s picture and tells me the make, model, and license plate number of the vehicle. It texts me with a “bing!” to let me know when my driver arrives. I don’t have to pull out a credit card, as it is saved in the app. When the ride is over, I pull up the app to add a tip and the receipt arrives in my email inbox.

And if you are traveling with a group or with children or strollers/luggage, Lyft will let you select a larger vehicle so you are sure to have space for everyone and everything. 

Hilton

The Hilton app keeps all my reservations in one place. I can check in the day before I arrive, letting them know when I’ll be there. I usually can select my room in the app. It’s nice to have the addresses and phone numbers of the hotels at my fingertips.

Airline Specific Apps

United and Virgin have great airline apps. You can check in and even pay for your baggage via the app. Both of these have the ability to use a digital boarding pass on your phone. Delta and American also have apps but they aren’t quite at the level of the others I mentioned.

Facetime

Quick and easy and more reliable than Skype on the road. Essential for keeping in touch with my kids and my husband when I’m not home.

Hoopla Digital

I love audiobooks. Hoopla Digital is a service you sign up for using your local library card. With my library, I can “check-out’ 8 titles per month via the app. They have e-books and videos too, but I like to use mine for audiobooks because you get more hours of content per check-out. Being able to download a specific title is a nice feature because then you can continue to listen even in airplane mode. I listen to fiction, non-fiction, business and personal development titles.

Camera

Your iPhone camera is good for so much more than just pretty pictures. I like to take photos of my parking space numbers at the airport or my hotel room number, so I don’t forget. You can snap photos of posters for events that you want to remember later. I also use my camera to take pictures of flowers and other little things that my daughter would love and I send them to her (via my husband or my mom) to let her know that I’m thinking about her.

Notes

For the school that I work for, showing up at donor meetings with a notebook or executive pad would be wildly too formal. But often, a donor will get energize and begin throwing out names of people I should meet or follow up with. The Notes app takes the place of paper. I also use it to jot down any ideas I might have when pulling out my journal at that moment would be a pain. I’ll get a ton of ideas as I’m listening to audiobooks (via Hoopla) and I use notes to record those on the go.

Are there other apps that I didn't list? What are your favorites?

As always, comments and questions are welcome and encouraged!

Cheers,

Jessica

PS - If you liked this post, you might also like these: 
  • Travel Preparation Hacks
  • Major Gift Travel Planning
  • Travel: One of the Reasons I Love Being a Fundraiser
  • Staying Connected with Kids During Work Travel
  • Travel Hacks for Major Gift Officers

PPS - If you found this article helpful, please comment and let me know. Also subscribe to Real Deal Fundraising so you don't miss a post! You'll get my  guide to Call Center Games for Free!​​
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​31 Ways to Hit the Refresh Button on Your Direct Mail

4/4/2017

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  1. Select a different signatory. If your CEO or President usually signs the letters, consider having a donor, volunteer, board member, student, scholarship recipient, grateful patient, recent graduate or faculty member sign the letter this year. Write from their perspective.
  2. Do an “Ugly Betty”. So named because it isn’t pretty. This kind of mailing looks like those magazine subscription renewal letters you get. Almost no copy but just a perfunctory reminder to renew giving. People do them all the time because they work.
  3. Write a copy-heavy letter. Most of the direct mail pieces I’m seeing in higher education are graphics heavy and, in my opinion, over-produced. Take inspiration from small nonprofits and write a long form letter, going into greater detail about your mission and impact. Don’t be afraid of 3 or 4 or more pages of copy.
  4. Break up your copy with bold font, underlines, small paragraphs and block quotes.
  5. Don’t forget the PS. Everybody reads the PS. Reiterate your call-to-action here. Don’t be afraid to add a PPS.
  6. Go super-short. If you normally write a longer letter, try an abbreviated copy that will force you to squeeze the mission and call-to-action in as quickly as possible. The front of one letter sized page with letterhead would be my recommendation. I've gone as short as the space between the bottom of the letterhead and the top of the bottom third (which was a tear off reply card) with success!
  7. Put your “updates” on the back. All that great stuff that faculty and/or program staff want you to communicate doesn’t belong front and center in a fundraising letter. A solicitation isn’t their annual newsletter. Put pictures and “talking points” on the back of the letter.
  8. Consider doing a planned giving focused letter. Select a targeted group and write with the goal of generating leads for your planned giving staff rather than dollars-in-the-door right now.
  9. Test including matching gift brochures in your mailing. Include a blurb about matching gifts in the PS. (You can get brochures here.) 
  10. Get inspired by looking at samples on SOFII, the Showcase of Fundraising Innovation and Inspiration.
  11. Find and tell the most compelling story you can. Pull some heartstrings. Be emotional.
  12. On the other hand, you might need to go to the data. Put in some graphs that show how the cost of an education has changed. Or how much state support has decreased. This might be old news for you but revelatory for your prospects.
  13. Write about student debt loads at your institution by checking out your statistics at The Project on Student Debt. Here's my post about how to use student debt data. 
  14. Change your focus. If you normally solicit for the college level, consider a general fund letter or a departmental letter.
  15. Work with major gift officers to secure a matching donation. Write a challenge letter and have the donor sign it.
  16. Research “envelope tricks” and try something new on the outside of your letter.
  17. Make sure your institution is doing all that they can with data research to have correct addresses. Here’s a quick introduction to basic research. 
  18. Ask your mail vendor to send you a stack of samples. Even if you don’t use a mail processing vendor now, you can inquire with one and they will send you samples.
  19. Ban the phrase “make a difference”. Get a large white board and write as many phrases as you can in answer to the question, “What do I mean when I say the donor’s gift will make a difference?” Characterize the difference. What does it look like, feel like, or do in the world?
  20. Construct a peer-solicitation strategy. Recruit representatives to sign the letters from each class year and segment accordingly.
  21. Put your name on the mailing list of 10 different nonprofits you admire. Within a month, you’ll have a stack of samples. Read them and see which ones move you and why.
  22. Write your direct mail FAR in advance. Start writing your fall mailings now. The longer lead time you give yourself, the freer you’ll be to be creative and try new things.
  23. Find a story highlighted in another department and expand upon it. A story of a scholarship recipient shared on social media. The story of a bequest that was in the planned giving newsletter. The student highlighted in the admissions mailing because they won the Rhodes Scholarship. It’s okay to re-use, especially if they have different audiences.
  24. Try a survey mailing. Ask your constituents about how they feel about the institution, how they like to give, and why they give. Include an ask too, of course.
  25. If this is appropriate to your mission, include a petition for a lobbying issue. Ask them to give to the same issue.
  26. Stay away from premiums! Giveaways should be used for stewardship not acquisition. If they send you $10 because you gave them a luggage tag or address labels, why would they give next year? You’ll be putting yourself on a hamster wheel.
  27. Do a big quality check on your organization’s addressee and salutation fields. If these are wrong or wonky, it can make your organization look very silly and prevent prospects from EVER opening your letters.
  28. This one is hard. Consider whether you really need a refresh. Are your donors bored? Or are YOU bored? If the results bear out that your current strategy is working, don’t mess with success. Instead, ask your supervisor whether you can expand your work into another area in order to keep yourself growing and challenged.
  29. Find inspiration from the for-profit world of direct marketing. Follow Direct Marketing News on Facebook. Here’s some of their resources. 
  30. Research donor-centric copy. This post was pivotal when I was teaching myself to write copy for direct mail: Future Fundraising Now, Some Donor Centered Copy Examples
  31. ​Write your donor using engaging narration. You’ve probably heard it before but take your draft and write it again using the word “you” more often. Make it about how the donor is changing something for the better because they gave (or will be giving).

Did you get at least 2 good ideas to pursue from this list?

Which one was most helpful? Do you have any tips for my readers struggling to make their direct mail copy fresh?

Comments and questions are, as always, welcomed and encouraged!

Best of luck in your copywriting! Cheers,
 
Jessica Cloud
 
PS – I TOLD YOU EVERYONE READS THE PS! If you liked this post, you might also like these:
  • Spoilt for Choice: Why Giving Donors Direction Works
  • Is Direct Mail Really Dead?
  • Five Steps to Break Through Your Direct  Mail Writer's Block
  • VIDEO Tutorial: How to Set Up Formulas in Excel for Direct Mail Statistics
  • An introduction to Evidence Based Fundraising

PPS - If you found this article helpful, please comment and let me know. Also subscribe to Real Deal Fundraising so you don't miss a post! You'll get my guide to Call Center Games for Free!​​
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    Jessica Cloud, CFRE

    I've been called the Tasmanian Devil of fundraising and I'm here to talk shop with you. 

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What Folks Are Saying

 Jessica has been a wonderful colleague and mentor over the years.  In the beginning of my annual giving career, I found her expertise, experience and willingness to help, invaluable.  Her advice and custom phonathon spreadsheets had a direct impact on our phonathon’s success and my ultimate promotion.  As I progress in my career, I continue to value her insight and professionalism." 

​- Ross Imbler, Director of Annual Giving, Lewis and Clark Law School
 Ross Imbler

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