Five Ways You can Build Donor Loyalty National Philanthropy Day October 20, 2006.

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Five Ways You can Build Donor Loyalty National Philanthropy Day October 20, 2006

Transcript of Five Ways You can Build Donor Loyalty National Philanthropy Day October 20, 2006.

Page 1: Five Ways You can Build Donor Loyalty National Philanthropy Day October 20, 2006.

Five Ways You can Build Donor Loyalty

National Philanthropy Day

October 20, 2006

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Know your donor

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Bonus know-your-donor ideas

• Donor anniversary mailing

• Donor cumulative giving milestone

• Program milestones

• Lapse prevention mailings

• Spend money where you get money

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Make good offers

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Fundraising offer• Problem or opportunity

• Solution

• Cost

• Urgency

• Understandable

• Benefit for donor

• Emotion

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Bonus make-good-offers ideas

• Money-back guarantee

• Matching funds

• Relevant back-end premiums

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Close the loop

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Donor newsletter

• About donors (not about you)

• Human drama

• Real photos

• Great headlines

• Calls to action

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Bonus close-the-loop ideas

• Quality receipts

• Out-of-the-blue thank-you letters

• Plan for responders

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Deepen the relationship

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Bonus deepen-the-relationship ideas

• Appropriate thank-you gifts

• Public recognition

• Tours

• Phone conferences

• Advisory boards

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Have flawless service

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Good receipt

• Prompt (mails within 24 hours)

• Correct

• Feels good

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Bonus flawless-service ideas

• Always obey quickly

• Tax-time receipt

• Perfect records

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Net present value

• Total projected giving • Minus the cost of acquiring the donor

• Minus the ongoing cost of cultivating the donor

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