5 Tips to Boost Donor Retention Through Fundraising Events
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For nonprofits, the importance of donor retention can’t be overstated. While acquiring new donors is still important (and always will be!), finding ways to inspire those first-time donors to become long-term supporters is more vital than ever.
After all, new donors require significant resources to attract and secure, and over 60% of those hard-earned first-time donors never make a second donation.
One strategy to turn those numbers around at your nonprofit is to host a fundraising event that puts donor retention at the forefront.
Events are a naturally engaging way to inspire new donors to deepen their involvement by supporting your fundraising campaign, volunteering, or otherwise engaging with your cause.
Here, we’ll walk through the following five tips for hosting a fundraising event that pushes your retention rates to the next level:
By the time we’re through, we suspect you’ll already have a list of ideas for your next event. But before you start calling vendors and organizing table arrangements, make sure you have comprehensive event fundraising software to help guide the planning process.
Unfamiliar with this powerful technology? Take a look at Onecause’s event fundraising solution to get a better idea of what these tools can do!
Also, if you’re having any issues with your in-person events we suggest checking out OneCause’s guide to virtual event fundraising for good ideas of what to do in the interim.
Now, let’s get to the tips.
We’re sure you’ve done a great job of promoting your fundraising event and securing a full house, but ticket sales shouldn’t be the end of your fundraising efforts.
At your event, you should offer a number of ways for supporters to donate. Some events inherently offer plenty of giving opportunities outside of ticket sales, such as bidding on amazing items at a silent auction. Other times, you may need to find creative ways to draw in donations at your fundraiser.
To get the brainstorming going, take a look at our favorite ways to give at fundraising events:
When you offer a plethora of giving opportunities at your event, you give your supporters a chance to make even more of an impact on your cause!
Plus, when you offer donation methods that tie into your event and create an even better experience for guests, they’ll remember how much fun they had and look forward to future fundraisers.
To truly engage your donors, it’s important that you tell the story of your nonprofit in a way that relates to them.
Luckily, fundraising events are the perfect place to use your mission to connect with your donors. Why? Because your supporters are your captive audience, all there to celebrate and promote your cause!
Fundraising events give you a chance for in-person interaction with supporters. With no screen to separate your nonprofit team from your constituents, you can get to know them one-on-one and relate to them in a more personal way.
So, where do you find these opportunities for connection at your fundraising event? Try one of the following avenues:
In order to keep the event on track, remember not to spend too much time talking onstage. We suggest peppering your storytelling opportunities throughout the event, such as when you welcome your guests, when you make your live appeal, and when you prepare to wind down the event.
Most importantly, don’t neglect to take advantage of the face time you can have with guests. When donors can remember individuals’ faces and stories, your nonprofit is much more likely to be at the front of their minds long after event doors close.
Did you know there’s a way to ensure donor retention from the very first time a supporter makes a donation? It’s true!
When you include a recurring gift option on your donation forms, you’re securing not just one gift now, but multiple gifts in the future as well, with no additional effort on your part or the donor’s.
You might already be aware of how impactful recurring gift options are, but what you might not know is that they can also play a major part in retaining donors through your fundraising event!
Guests won’t be pulling out laptops and completing online donation forms at the venue, so in order to get the most out of their donations, make sure you implement recurring giving into all the mobile giving channels at your event.
Prominently display your recurring gift option, but don’t overwhelm the mobile user with too much additional text or required fields. That way, they’ll be able to quickly make a donation, set up future gifts, and then get back to the fundraising event fun!
While you definitely want to use your event to persuade guests to make additional financial contributions to your fundraising campaign, donating regularly isn’t the only way to stay involved with a nonprofit.
In fact, when you retain donors, you should focus on finding ways to involve them with every aspect of your nonprofit.
Your fundraising event is a great place to promote additional engagement opportunities. For example, consider promoting any (or all!) of the following:
Don’t forget—while any of these promotions work well announced from the stage, one-on-one interactions can go a long way to advertise engagement opportunities too.
You don’t want to spend all night listing participation opportunities, but if guests are invested in the cause, it’s highly likely a chance to insert one of these topics into conversation will come up naturally.
After the event ends, there’s no question that you’ll need to follow up with guests to thank them for their attendance and contributions.
While the thank-you note is pretty fundamental, some nonprofits forget that it’s also a major player when it comes to donor retention.
That’s why simply sending a generic acknowledgement email is not enough to cover all of your event-follow up bases. On the contrary, we recommend these strategies to make the most of your post-event communications:
Your event fundraising software should sync up with your donor management software to help you store guests’ information in your database. Then, make use of your fundraising CRM’s marketing tools to help you send emails to specific individuals or custom lists.
Don’t have any nonprofit marketing software on your side yet? Check out Double the Donation’s list of top providers to find the right fit to help you interact with your donors!
Take advantage of the opportunity you have with the emails, letters, and phone calls that immediately follow your fundraising event; these communications could be the first step to a long-term donor relationship!
Your fundraising event is a golden opportunity to engage new or existing supporters and put them on the path to becoming lifelong donors.
When you plan your event with retention in mind, you’ll be amazed at all of the ways your fundraisers can inspire supporters and boost involvement long after the event ends!
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