Have you been in a meeting where someone has said: “we need to be more digital”? And everyone agrees without – honestly – really knowing what that means? This post will explain what digital fundraising really is, what makes it successful, and how we can go about making campaigns more digital.
First, we need to consider a traditional strategy. Let’s take Direct Mail, which looks like this:
How do we try to increase the response rate to our DM campaigns? We segment prospective donors, and make the messages more personal.
These are key principles behind another traditional type of campaigning: Phonathons, which look like this:
Student callers become our ambassadors, the nodes in the diagram above, that make the ask more personal and relevant to the donor (a form of segmentation). We’re even going a step further and sending personalized thank you videos to each donor:
Now if I let you select anyone you wanted to be your ambassadors, who would you choose? Maybe you’d get David Blaine to call all your alumni! What about your donors themselves?
“Hi Dunc, best friend of 20 years, whom I met in our first year at college, when I caught you copying my answers in class… I just gave a gift of $1000 to our alma mater to help students who wouldn’t be able to afford school without our help. Now it’s your turn…”
You can’t get a more personal ask than this: the segmentation has been done because our friends know how to appeal to us (and the rule of reciprocity applies). But, we haven’t done this with our phonathons (actually, Yale do).
How social media create a culture of sharing
Enter social media:
We just find it a lot easier to share and ask when it’s on Facebook, Twitter, or Instagram… When you last asked someone out – or got asked out – on a date, was it by text or a call?
Boris and his friends created a culture of sharing their gifts and family stories – which is fast becoming an annual tradition, improving participation:
(You can view a presentation on Babson’s program in the Hubbub Sharing Center – you will need to request access.)
This is digital fundraising. Perhaps it should be called social – or personal – fundraising. Done well, it looks like this: