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104. Unsiloed: How to Leverage Behavioral Science to Market Your Mission and Raise More with Evelyn Gosnell

104. Unsiloed: How to Leverage Behavioral Science to Market Your Mission and Raise More with Evelyn Gosnell

FromWhat the Fundraising


104. Unsiloed: How to Leverage Behavioral Science to Market Your Mission and Raise More with Evelyn Gosnell

FromWhat the Fundraising

ratings:
Length:
46 minutes
Released:
Feb 8, 2023
Format:
Podcast episode

Description

When it comes to making consumer choices, it’s well known that humans don’t always act rationally. In fact, as amply documented by economists, we very often actually act against our own best interests! On this episode of What the Fundraising, we’re getting down to the science of giving. Behavioral science, that is! If you haven’t been using the powerful tools and research out there, Evelyn Gosnell, managing director at Irrational Labs, is here to demonstrate all the ways in which you and your nonprofit might be missing out. She shares a ton of fascinating research and practical tools for tackling common fundraising issues, like building organizational trust and recapturing lapsed contributors. Understanding the evolutionary conditioning and reflexive responses behind human decision-making is key – and a first step towards unlocking what motivates donors, who after all are also the everyday users of Lyft, Google and other platforms that Evelyn and her team advise. 

You’ll learn how to build specificity and concrete bite-sized goals into calls to action as well as why we fundraisers don’t always have to project perfection. Flaws are fine with constituents, says Evelyn, so long as we can demonstrate at least incremental progress. We also explore how to design in-house pilot studies that pinpoint why some pitches appeal to our base of supporters while others do not. What are their norms, what resonates with their identity? Are you communicating something personal and immediate? There’s so much packed into this episode that you might need to listen twice. And you’ll definitely want to follow up by checking out all the resources (and behavioral science food for thought!) available at Irrational Labs. 

(01:55) About the mission of Irrational Labs and how it helps large organizations

(02:58) The core principles behind behavioral economics.

(04:49) The science behind human irrationality.

(05:53) Warm-Glow Giving


(07:10)  Goal Gradient Effect


(09:20) Creating goals through the lens of behavioral science.

(12:11) The evolutionary roots of the human tendency to react to things that are personally relatable, identifiable and immediate.

(13:46) About the impacts of “recency bias” and the tension between transactional versus marketing-oriented fundraising campaigns

(18:58) Evelyn highlights an Irrational Labs case study

(20:46) How to reconnect with lapsed donors:

(27:09) About norms and keeping our nonprofits relevant even when they are displaced by other compelling world events.

(28:04) Considering demographic and behavioral norms as possible leverage in targeting and building up donor identity online and elsewhere.

(29:01) Behavioral science-based strategies for building donor identity

(30:45) What is donor trust really about and how do we maintain it? 

(32:39) Thoughts on using behavioral science to challenge the Overhead Myth

(37:31) Don’t miss out on all the tools, research and other eye-opening info available at the Irrational Labs website!


Get all the resources from today’s episode here. 
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Connect with Mallory on LinkedIn

Many thanks to our sponsor, Feathr for making this episode possible. Our friends at Feather help nonprofits like yours level up their digital campaigns every day through their nonprofit marketing platform. Don’t rely on magic this year. Check out Feathr to streamline your digital marketing campaigns and exceed your goals. Learn more and get started today at Feathr.co.

If you haven’t already, please visit our new What the Fundraising community forum. Check it out and join the conversation at this link.

If you’re looking to raise more from the right funders, then you’ll want to check out my Power Partners Formula, a step-by-step approach to identifying the optimal partners for your organization. This free masterclass offers a great starting point
Released:
Feb 8, 2023
Format:
Podcast episode

Titles in the series (100)

What the Fundraising is the podcast for impact leaders and change-makers who are tired of doing things the old school way and are looking for best practices to raise money, run their organization, and think about the nonprofit sector in a whole new way.  Every Tuesday for 40-60 min, your host, Mallory Erickson, will be having real and raw conversations with some of the best personal and professional development experts, many of whom are outside the nonprofit sector. These are bestselling authors, world-renowned researchers, and TEDx experts, most of whom have never spoken to a non-profit audience before. They have come ready to share expertise, lessons, and stories that will fundamentally change the way you show up as a leader and fundraiser. There are so many valuable lessons nonprofit leaders are missing because they are outside of their typical orbit, but no more. Mallory is bringing them in and helping to apply her guest's expertise to disrupt the nonprofit sector once and for all. So if you are ready to learn how to upgrade your fundraising strategy, leadership skills, energy, habits, and mindset to bring in more funding and actually have some fun doing it, then this is the right podcast for you. If you’re wanting to implement ideas you heard, visit MalloryErickson.com/Podcast for the top tips and tools, full transcripts, quotes, videos, and additional resources from each episode.