COVID-19 Crisis Alters Tactics for Fundraising Success

In a previous post, AccuList joined other experts to stress the importance of nonprofit clients staying the course on fundraising despite the coronavirus crisis altering the social and economic landscape. But fundraising tactics will need to alter to navigate that landscape, of course. Recent fundraising pro articles highlight some smart ways to approach existing and potential donors during the crisis.

Adapt by Expanding Digital Communications & Events

In a recent NonProfit PRO post, for example, C.J. Orr, vice president, and Katie Nichols, senior associate director, of the Orr Group fundraising agency, put together some quick tactic shifts for fundraisers, especially those that had been counting on events to tap donors. First of all, don’t panic and cancel events, they advise, but reschedule or repurpose. If an event can be postponed, a nonprofit may be able to transfer tickets/table buyers to the future event instead of giving or issuing a refund, and can add touchpoints with donors and prospects along the way. Or, the fundraiser can switch to a digital event, perhaps with livestreaming. Indeed, this is an opportunity to go digital in multiple targeted ways, they suggest, starting with more social media ads, paid search ads and SEO efforts aimed at the target audience. For example, now is a good time for a digital forum, such as a virtual “fireside-chat” with a subject matter expert discussing COVID-19 and its impact on the mission and incorporating a fundraising ask. Or the nonprofit can tap top-of-mind concerns and promote itself as a thought leader with an article on the COVID-19 impact posted on social media as well as e-mailed to donors and prospects. Plus, remember that over 80% use smart phones, so that mobile-optimized promotion is essential. And don’t forget old-school, nondigital communications, such as direct mail and phone calls. The authors suggest building out a phone-call list of top funders, with strategic talking points, for example.

Seize the Opportunity to Increase & Improve Social Media Efforts

Michael Wasserman, CEO of the stream fundraising platform Tiltify, used another NonProfit PRO post to stress how the current crisis should push fundraisers to boost use of social media as people naturally turn to social platforms to replace the lack of in-person interaction. The potential audience is huge: almost 80% of the population uses social media, with Facebook and YouTube having over 2 billion users per platform. Even newer sites like TikTok boast 500 million, Discord gets 250 million, and Twitch attracts 15 million daily visitors. Note that the Facebook Fundraisers tool has already raised over $2 billion, Wasserman points out, while even newcomer Twitch has raised over $115 million for various charities. So charities that still use elementary fundraising pages with a simple donate button, some text and an image are missing big opportunities to compete for attention in a space that the crisis is making even more crowded. He urges nonprofits to focus more on enticing content, such as video, which can leverage YouTube, the No. 2 search engine in the world with 2 billion registered users. Nonprofits should also consider using social livestreaming events for fundraising. An effort of a few hours can generate more than a campaign of months, he notes, citing the example of a group that raised in a week the amount it costs to run St. Jude Children’s Research Hospital for a day, which is about $2.7 million. As an example of how to gin up donations, he imagines livestreaming a music celebrity connecting and interacting with fans online, perhaps asking people to donate in order to choose songs or get signed merchandise giveaways.

Social Distancing Doesn’t Stop Creative Outreach to Major Donors

What about the impact of “social distancing” on the traditionally face-to-face connections that engage major donors? Suzanne Hilser-Wiles, president of philanthropic consulting firm Grenzebach, Glier and Associates, offers some tips in a recent piece in The Chronicle of Philanthropy. Start by showing you care and reach out quickly to ask how the donor is faring and discuss how the nonprofit is responding to the crisis. Enlist top executives to communicate with major donors about plans for moving forward, with consideration for the appropriate communication channel; for example, e-mail can quickly provide a direct but formal assurance, while social-media platforms offer a more human touch. Ad hoc “investor calls” may be appropriate for smaller groups of donors. For major donors and prospects, consider developing a specific message with a more in-depth perspective and request for their input. Highlight the nonprofit’s expertise and how gifts support efforts relevant to the COVID-19 crisis. A museum might share national media interviews with staff members, or an academic medical center might point to resources on the university’s coronavirus webpage, for example. And don’t abandon events; get creative with virtual format substitutes, such as a conference call or webinar to let donors stuck at home see a presentation about a gift opportunity. For example, instead of a brunch with a scholarship recipient, donors can have a phone or video call with the student, she points out.

 

Social Media Isn’t Just for B2C; the Right Tactics Build B2B Leads

Some business-to-business marketers shrug off social media as a consumer branding and sales channel, sticking to company page branding and PR announcements on social platforms. They are missing a lead source, argues Tessa Berg, vice president of B2B agency Tenlo, in a recent MarketingProfs post. She urges B2B promoters to consider the many ways they can use social platforms to generate leads, and AccuList certainly supports these tactics via its own LInkedIn and Facebook/Instagram marketing programs.

Where to Go on Social Media? Where the Customers Are!

In deciding investment in social outreach to snag leads, start by profiling your target customers and where they gather on social platforms. Here’s a hint: 80% of B2B leads come from LinkedIn, compared with 13% from Twitter. That doesn’t mean B2B marketers should exclusively use LinkedIn. For example, Twitter allows for more direct interaction with prospects. And with the proven effectiveness of video marketing, why not leverage platforms like YouTube and Instagram to stimulate interest via product or branding videos?

Supplement Organic Reach With Paid Ads

Social platforms want to monetize their audiences so the reach of organic social activity has been increasingly subordinated to paid advertising. At the same time, many social platforms have improved targeting options for paid advertising. So it makes sense to pair organic actions with highly targeted paid social ads. Social tracking data will uncover important insights into which content and messaging on which social channels generate the best engagement and site traffic. Clear calls-to-action driving to owned content (website or landing page) will help capture leads better than a generic “Contact Us.” Offers of engaging content, say a video on product installation or an infographic addressing a key issue such as sustainability, also help gather lead contact data, Berg adds. Don’t get stuck in a rut with success, however; Berg prompts marketers to vary the types of ads and the content of ads deployed to avoid losing audience interest over time in the fast-moving social world.

Answer Questions and Leverage Presentations to Make Connections

One of the easiest, most effective ways to create relationships with prospective customers is to address the questions they pose on relevant platforms such as LinkedIn, Quora, and Reddit, Berg notes. Empower social and technical teams to answer in a timely and effective way to position your company as an expert and build audience connection. As a bonus, you will likely boost SEO and keyword rankings at the same time. Also, most B2B organizations already create presentations on industry trends, product updates, and case studies, and this content is prime for boosting engagement, social sharing and viral reach, especially on platforms that are dedicated to presentations, such as LinkedIn SlideShare.

Make Social Engagement a Team Effort

Get company team members involved in a social strategy, urges Berg. After all, people work with people, and a display of your company’s talent and team culture can validate a partnering or purchase decision. Define a theme, outline appropriate content, explain the dos and don’ts of hashtags, make sure to run messaging by legal advisors, and then start with a test of “safe” content, adjusting policies if necessary, she advises. See https://www.marketingprofs.com/articles/2019/41608/seven-ways-b2bs-can-use-social-media-to-boost-conversion-rates-and-generate-leads?adref=nlt080619

Facebook Both Boosts and Challenges Fundraising Efforts

AccuList helps its nonprofit clients with fundraising via direct mail and events as well as digital channels, and online giving certainly has seen tremendous growth in recent years. But the latest M+R Benchmarks report shows a distinct slowdown in nonprofit online revenue. After years of steady growth (a 23% increase in 2017), online fundraisers reported just 1% growth in 2018. Exploring the why behind that drop yields some important lessons for fundraisers moving forward, especially when it comes to Facebook campaigns.

Facebook Changes the Game, But Are Nonprofits Ready?

M+R cites multiple trends underlying lower online revenue growth—from declining e-mail response, to more low-dollar mobile traffic, to falling online donor retention. But the report starts by noting how rising Facebook usage has both undercut revenue measures and signaled potential for future growth. Yes, changes to the Facebook algorithm resulted in, on average, only 7% of followers seeing any given post, but use of Facebook Fundraisers’ peer-to-peer giving really took hold for the first time in 2018. However, because of the way the donations are processed, the Facebook Fundraiser dollars were not included in M+R online revenue calculations. It’s an important missing piece for revenue growth: The Facebook Fundraiser tool for hosted fundraising now accounts for about 99% of all nonprofit revenue processed on Facebook, with nonprofits raising $1.77 through Facebook for every $100 raised through other online channels, per M+R. The impact is big for some sectors. For example, health nonprofits received $29.88 from Facebook for every $100 in direct online revenue in 2018, accounting for about 30% as much revenue as every other source of online revenue, including e-mail, web giving, monthly donors, digital ads, and search. To turn the new Facebook Fundraiser use into a bigger revenue boon, notes the M+R report, nonprofits would need to make an effort to get more individuals (the average now is 56) involved in hosting fundraisers and in attracting both more donors and higher-dollar donors (now the average per hosted fundraiser is seven donors and a modest $31 gift per donor).

Ignorance of ROI Is Far From Bliss

Another recent study pointed to a deeper issue with nonprofit Facebook efforts. The 2019 Digital Outlook Report—from care2, hjc and nten—found that nonprofits surveyed reported spending anywhere from $0 to $100,000 on Facebook and Instagram campaigns. But the majority (over 75%) answered “don’t know” when asked about any resulting revenue! Clearly, the report urges, staff need training in analytics, whether using Google or another tool, as well as calculating not only resulting donations but the value of lead generation, e-mail signups, event attendance, etc. If there is any good news from this kind of ROI blindness, it is that Facebook probably has untapped potential.

Tips for Optimizing Facebook Fundraising

CauseMic recently offered some helpful tips for fundraising with Facebook. In using Facebook Fundraiser, in order to benefit from site traffic and donor information as well as dollars, start by disabling the “donate” button and direct supporters to donate on your website rather than through Facebook. Donors will learn more about the mission and fundraisers can stay connected with them for better retention. Second, nonprofits shouldn’t focus only on the Facebook tool hosting fundraisers; they can use promoted posts and ads to grow the support base, interact with supporters, promote events, etc. When a breaking news story or emergency occurs that impacts giving, it can be incorporated into social media outreach to spread the word and raise money more quickly. Just make sure to use tracking analytics and calculate result values to avoid the ROI ignorance identified in the Digital Outlook Report noted above! Plus, make sure that Facebook is a consistent piece of a multi-channel strategy, and remember that it offers a proven response driver to multi-channel campaigns: video. Use the platform to post videos about donation impact, to host live videos, to publicize upcoming events, and to tell the organization’s story with visual/emotional resonance. Finally, pay attention to timing in planned Facebook campaigns; M+R found that nearly a quarter of all Facebook revenue is raised in the month of November.

For more on general trends in online fundraising, see the latest M+R Benchmarks.