In the last three weeks. I’ve been to four different conferences talking about
my bestseller, “Let’s Have Lunch Together.” My keynotes focused on
relationship-centered fundraising and major gifts. Other presenters talked
about special events, selling products to raise money, integrating social
media, prospecting for major gifts and marketing.
One presenter did, however, mention that nonprofits continue to lose their
donors at an alarming rate, with typical new donor retention running at only
30%. Why does this matter? Even small improvements in loyalty have a dramatic
impact on the lifetime value of fundraising.
To me, it’s a simple equation. Just as in business, the cost of retaining a
customer is far less than the cost of acquiring a new one. Loyal customers or
donors become a strong community voice for your organization or as I call them,
“Relationship Ambassadors.”
Here’s what I didn’t hear at these conferences – How to Train Everyone in
Your Organization to Become Relationship-Centered.
When I asked community-based organization staffers to identify their
customers, they all said, “the recipients of the services.” I disagreed: “Those
are the beneficiaries of your good works. Your true customers are your donors,
board, supporters, volunteers and, even grant makers. Without them you could
not provide the services.”
What are you doing to involve everyone in cultivating and stewarding those
who make your organization survive? Could you do more to make it thrive?
American Express recently told Fortune
Magazine (April 30, 2012) how it transformed the Customer Call Center
from transaction-oriented to one that capitalizes on building on the
relationship with the customer. “We converted from a robotic, scripted
environment to a conversational environment that brings the personality to life
and brings one-to-one connections, which is what ultimately builds and sustains
relationships.”
Couldn’t everyone in your organization from the Chairman of the Board to the
receptionist to the program directors and the Executive Director learn how to
seize opportunities to interact with each “customer” and build powerful
alliances?
On my website, under Free
Resources, I’ll show you some amazing results with Relationship-Centered
Fundraising. Call me and I’ll show you how everyone in your organization
can work together.