Q&A: How Nonprofits can Mine Donor Data for Better Response
Our EVP of Marketing, Mark Gaskill, sat down with Sherri Welch from Crain’s Detroit Business for a Q&A on how nonprofits can strengthen relationships with donors to help recoup the loss of postponed or cancelled events because of the COVID-19 virus. Mark’s recommendations:
Steps Toward Building Emotional Connections with Your Audiences and Increasing Revenue
A fully engaged customer or donor who feels emotionally connected to your organization is key to increased revenue. You need to know who your audience is and what will motivate them to engage. The insights for building those emotional connections that drive loyalty and advocacy for your organization or brand may be hidden in your database, or you could need research. How do you know?
You Need to Know Your Donors to Engage Them
Most fundraisers are familiar with the idea that it’s less expensive to keep a donor than to find a new one. And many are aware about how to retain donors: they need to build strong connections between the charity and the donor. In the past, charities have focused on the importance of making rational, deliberate appeals on the assumption that donors made rational, deliberate decisions when giving.
Do You Really Need to Worry about Building Emotional Connections with Your Target Audience?
There’s a lot of conversation around behavior science and how emotion influences the decision to buy, donate or join in the marketing blogosphere these days. Many of those conversations cite the work of Nobel Prize winner and psychologist, Daniel Kahneman. In his 2011 book, “Thinking, Fast and Slow,” Kahneman argues that the mind incorporates two systems for decision-making: one that works quickly making decisions more on intuition and emotion, and a second that works more slowly to rationalize the decision. Because it takes less effort, we’re more likely to rely on the first system.
Qualitative Research Study for Professional Services Firm (PSF)
The secrets revealed by virtue of the responses, and qualitative research we conducted, allow PSF to gain immediate traction from their marketing spend with confidence.