Building your donor prospect list

November 15, 2013

Filed under: Fundraising — jonathanpoisner @ 2:46 pm

One of the biggest mistakes I see made by both nonprofit staff and board members (and political candidates) is to underestimate their own personal list for who to ask for donations.

Invariably, when you push them, more names emerge.

So how do you “push” yourself if you’re the one needing the list.

Most importantly, don’t build your list purely by asking out loud: “who do I know?”

Instead, run through an exercise like the following:

Go through Your Rolodex: old fashioned, your email address book, your Facebook or LinkedIn connections, etc. Who among these are prospects?

Then ask a series of questions design to bring to the forefront of your mind people who might not have already been captured. Questions can include:

Do you attend any religious institution?
Do you socialize with others from the institution?
Are you involved in it beyond attending services?

Are you in any clubs or organized activities?
What is it?
Who’s in it?

Who do you hang out with socially?
Social networks
Outdoor activities
Watching/playing sports
Games
Book Clubs

What’s Your Professional background prior to your current role?
Do you have co-workers from previous jobs who believed in you?
Were you part of a professional association?
Who are your past employers?
For each, what’s your relationship like with the employer?

For each, list the 5-10 people with whom you most closely worked? What are they doing now/where are they?

Do you have any friends or colleagues from your higher education?
Social Clubs
Fraternities
Honor Societies
Extra-Curricular Activities

Odds are overwhelming that an exercise along these lines will yield a significantly more robust list from whom to fundraise!

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Don’t make this membership fundraising mistake

Filed under: Fundraising — jonathanpoisner @ 2:19 pm

I recently was speaking with an organization that had gone to great lengths to identify different levels of membership benefits that would be received by their members based on the level of dollars donated as part of their membership.

Donate $40 and get X.

Donate $75 and get X and Y.

Donate $120 and get X, Y, and Z.

Etc.

They wanted my advice on how to further boost up the X, Y, and Z to make membership more attractive.

My advice — start over and ditch the concept entirely.

This wasn’t  a professional association — it was an organization that could be loosely described as progressive and ideological.  People aren’t joining the organization to gain “benefits.”

They are joining to advance the mission.

The difference between larger and smaller membership gifts isn’t about offering them more benefits.  It’s about (a) the donor’s capacity, (b) the donor’s  understanding of the organization and the impact it’s generating, (c) the donor’s emotional connection to the organization and/or the people involved, and last but not least, (d) whether the donor was asked to give more.

Instead of saying your $75 gets you X where X is something the donor gets, you should say $75 will help us make impact X — by framing it as part of a larger campaign.

And make them feel part of a larger community of like-minded donors so they’ll feel emotionally connected.

If you get them thinking analytically about the size of their donation as one of costs/benefits to them, my guess is you’ll almost always depress the size o their donation, not increase it.

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