What’s the Monthly Donor Secret Sauce?
What’s the monthly donor secret sauce? This was one of the questions that came up in a recent podcast I recorded with RKD Group. (It’s expected to go live very soon, so stay tuned!) The answer is that there really is no secret sauce for generating more monthly donors other than “keep stirring it, and […]
How to Measure Monthly Donor Success
I’m currently working on the analysis for a big national organization’s sustainer direct mail campaigns. One of the things we needed to settle on first was what they thought was important in measuring their monthly donor success. As you know, monthly gifts are typically small. So, if you only look at the first monthly gifts […]
1 Penny Could Make a Difference—The Start of Monthly Giving
A few weeks ago, I was reminded of this wonderful campaign done by the British Red Cross. It was the most successful campaign ever, raising £7.7 billion in today’s prices between 1939 and 1946—just before and during World War II, mind you! It clearly demonstrates how many pennies make up a much, much bigger amount! I […]
The 5 Key Components of a Successful Monthly Giving Program
Setting up a successful monthly giving program doesn’t have to be difficult, as long as you keep these key components in mind. Let me share the top 5 with you: Commitment Accountability Preparedness Detail orientation Persistence For a successful monthly giving program, these apply to the person who’s interested and willing to grow the program […]
4 Essentials to Cracking the Monthly Giving Code
Soon, we’ll celebrate the D-Day invasion, which happened 75 years ago. Next year, we’ll celebrate the 75th anniversary of the end of World War II. My mom and dad grew up in the Hague, Netherlands, and they were only 4 years old and 6 years old when Rotterdam was bombed and the war became real. […]
Best Practices in Monthly Giving – Q & A with Erica Waasdorp
Monthly giving programs can be a wonderful way to ensure your fundraising program sustains throughout the year. Although the concept of monthly giving is not new, the onset of subscription-based services, online giving programs and multiple digital tools make it easier than ever to provide this option to your donors. We spoke with Erica Waasdorp, the […]
Monthly Donors: What to Do When Things Go Wrong
Of course in your organization, nothing ever goes wrong with your monthly donors. But what would you do if something did? Would you hide? Would you stick your head in the sand and let someone else handle it? Or would you consider your donors and confess? The reality is that most of your donors will […]
Alert: Segment Your Monthly Donors, and Do It Right
As I’m working on my presentation for the Bridge Conference on “Flip or Flop,” what has worked and what hasn’t worked in monthly giving, I came across a few examples of what not to do. I’m not going to name names, but let me just say that all three examples come from big organizations. All three organizations […]
How Small Recurring Gifts Lead to the Ultimate Gift
If you have some monthly donors now, congratulations. Please allow me to share some recent statistics with you on why these small recurring donors are so powerful: Average monthly gift between $24 and $36, that’s between $288 and $432 a year! Typical way monthly donors pay: 80% credit card, 10% EFT/ACH, 10% other (PayPal and […]
One Third of Nonprofits Do Not Ask for Monthly Gifts…
When I teach webinars aimed at growing monthly giving programs, I typically do some polls. One of the questions I have asked is, “How often do you ask your donors to give monthly?” The sad reality was that 35% said they never asked. My obvious response is, “How do you expect to grow your program?” […]
