Did you know: 73 percent of first time donors do not give again?
There are many reasons contributors leave; sometimes they don’t feel appreciated, or don’t feel like part of the organization. While gaining new donors is always important, keeping them is even more so. If you can maintain just 10 percent higher than your current retention rate, your donations could go up 50 percent. By getting just a few dozen more donors to return, you can see an extreme boost in your budget.
Can your nonprofit even measure its return on investments (ROI)? Putting together an ROI report can be time consuming, but can also lead to great data and help you find ways to trim costs without shirking quality.
You know you need to invest in technology. Everyone knows an organization of any size runs more efficiently when their computers are up to date with current software, and hardware.
Despite this, many in the nonprofit sector are hesitant to heavily invest in their technology. Many nonprofits allow the paralyzing fear of not effectively utilizing the technology permanently delay the investment. Often citing their ROI is difficult to understand to deliver upon.
Here is the only 4 step guide to a successful nonprofit tech implementation you’ll ever need. How did your nonprofit handle its last tech implementation? Let us know in the comment section below.
Converting leads to sales is on the minds of everyone across the business world. Whether in for-profit or nonprofit work, generating revenue is essential to keeping the lights on.
Perhaps that’s too general of a statement. However, the truth is there can’t be enough emphasis placed on generating revenue. Whether selling widgets or converting donors, more money is spent on generating leads, and converting those leads into revenue than almost anything else in business.
However, the problem lately has been too many marketers and sales representatives have been spending too much time, energy, and resources on digital. While there's no mistaking its importance, the truth is more people are moving fluidly between devices, platforms, and online campaigns alone are not enough to convert enough leads.
With inbound calls converting as much as 10x more than clicks, there’s no reason your nonprofit shouldn’t be putting heavy emphasis on its inbound call programs.
Check out this infographic and see if your nonprofit is spending enough time and energy on its inbound call programs.