11 Things to Know About: Individual Donors
Make fundraising through individual donors simpler and more straightforward. Explore the effectiveness of different tactics (i.e. direct mail, door-to-door, events, phone solicitation) of dealing with donors, and learn who to ask, how to ask, and how to follow up.
Individual Donors
- Set a goal and work backwards. Figure out your final budget is so you know how much you need to raise. Then start working towards raising that amount.
- Create a specific fundraising plan. Then stick to it. Staying organized can often save you tons of time.
- ASK! You won't get what you don't ask for. They know you are coming to ask for money, have a specific goal and ask for it.
- Research every donor. Know exactly what you are walking into with that meeting. Who have they given to? What do they care about? And how much are they giving?
- Ask for money one on one, in person. Set up the meeting with the donor so that you are face to face and can ask them directly.
- Make the ask, pause and wait for the response. Make the ask, pause and wait for the response. John, can I count on you for 8 billion dollars….YES, Great.
- Always follow up with a thank you immediately. Do this immediately and preferably in writing. Make sure to thank them a couple of times over the following months before you ask for money again.
- Don't reach out by hosting events. Events are generally not worth the time or overhead costs. Time is much better spent at asking donors one on one.
- Use a host committee. If you are going to host an event, delegate fund raising responsibilities that will help you bring people in and raise even more money.
- Show what money means to your project. Does $100 help you rescue an abused animal? Does $500 provide after-school tutoring for 10 kids? Demonstrate the value of your work with examples.
- Utilize sustainable giving. ___$ per month automatically charged to credit card is a better way to keep money coming in. Get people to commit to having a specific amount deducted monthly or yearly.
