Fundraising Fundamentals
| Summary: Fundraising success is all in the
fundamentals. Your top priorities should always be to increase community
awareness of your group's fundraising need and your fundraiser offering. Properly addressing these two fundamentals
always produces successful fundraisers for any group. |
Successful fundraising requires following certain fundamental steps. Here are
two things you have to do with every fundraiser:
1) Increase community awareness of your need
2) Increase community awareness of your offering
Everybody reading this instantly thinks, "Yep, we've got that
covered. Everybody in our group knows what we're doing."
Let's take a closer look and see, shall we?
Creating Awareness Of Your Need
1) Can your need be expressed in a single sentence?
2) Has everyone in your group memorized that sentence?
3) Is expressing your need a part of your approach to all supporters?
Test your group from top to bottom.
Randomly ask individuals to tell you why your group is raising money.
I absolutely guarantee you that you'll be surprised at how weak the various answers are.
In many groups, more than 50% of those involved with the fundraiser
will not be able to tell you in a single sentence the specific reasons
why they are raising money.
What about outside your group?
Can you honestly say that you've exhausted every possible approach
in getting the word out to the community about your fundraiser?
Does everybody know why you need money?
Have you done each of these?
- Flyers
- Posters
- Press release
- Roadside signs
- Newspaper coverage
- Public service radio announcements
- Pre-kickoff letter, postcard, or email campaigns
Or, are you assuming that all you have to do is tell someone that
you're doing a fundraiser and that they'll be glad to help?
There are two problems with that approach. One is that most of your group
can't effectively communicate your need. The second is that you are already assuming that your group has
more than enough prospective supporters to meet your goal.
Both these problems limit your potential results.
Consider these three points:
- One, if your need isn't communicated clearly and concisely, it will
not be understood and internalized as a deserving cause by your
prospective supporters.
- Two, if your sellers don't really understand your group's need, then
they won't push as hard to meet that need.
- Three, if your need isn't general knowledge in your community, then
your fundraising job will be that much harder.
Think of "getting the word out" as being similar to softening up
the beachhead during the Normandy invasion.
If you don't do the advance prep work, you're much more likely to
meet a hostile response.
Creating Awareness Of Your Offering
The second fundraising fundamental goes hand-in-hand with
creating an awareness of your need.
Creating an awareness of your offering is just as important as telling
people why your group needs money.
Your fundraising need and your fundraising offering should be closely
linked in all your communications.
At the same time you are getting the word out,
you need to make sure the message gets through on exactly what
your group is doing to raise funds.
Just as with expressing your need, everyone in your group should
be able to sum up your fundraising offering in a single sentence.
That sentence should also reinforce the emotional foundation that is
derived from recognition of your need.
So what in the heck does all that mean?
Put simply, if someone believes your need is real and agrees with
the value proposition of your offering, they will help you.
And what's your fundraising value proposition?
It's a summation of your offering, combined with a reminder of
your need, that's expressed in a way that informs each prospective
supporter of what's in it for them.
In other words, your prospect needs to:
- Be aware of your need
- Be linked to it on an emotional level
- Be in agreement that your offer has real value in it for them
Getting your need and your offering across to as many potential
supporters as possible is the essence of fundraising.
Take the time to develop single sentence statements for your fundraiser
covering both of these fundraising fundamentals.
Teach everyone in your group how to communicate these basic value statements when they talk to prospective supporters.
Conclusion
Executing well on these fundraising fundamentals -- communicating
your need and communicating your offering -- ensures that your
fundraiser will be a smashing success.
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