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Navigating Declining Donor Rates!

Navigating Declining Donor Rates!

FromThe Nonprofit Show


Navigating Declining Donor Rates!

FromThe Nonprofit Show

ratings:
Length:
30 minutes
Released:
Oct 26, 2023
Format:
Podcast episode

Description

Barbara O'Reilly, CFRE, the founder of Windmill Hill Consulting, shares her insights on the challenges nonprofits face in navigating declining donor rates, serving as a valuable resource for nonprofits striving to create more meaningful connections with their supporters. Her insights are a reminder that, by prioritizing the donor experience and utilizing available technology, nonprofits can better engage with their donors and ultimately make a more significant impact in their communities. She begins by emphasizing the significance of donor retention rates and the troubling statistic that, on average, 80% of first-time donors do not return. O'Reilly stressed the importance of prioritizing the donor experience, likening it to the customer service provided in the hospitality and retail industries. She explained how personalized communication, onboarding, and a focus on creating a strong partnership can significantly impact donor retention. Furthermore, Barbara points out the critical role of data, automation, and artificial intelligence in understanding donors and providing tailored experiences. She highlights how industries like retail and hospitality excel in using customer data to enhance user experiences and suggested that nonprofits could benefit from a similar approach. One of the key takeaways from this insightful conversation was the need for nonprofits to rethink their donor communication strategies. Barbara encourages organizations to conduct regular audits of their communications to ensure they convey a sense of impact and transformation through compelling stories, rather than overwhelming donors with statistics. In her own words, Barbara highlights the importance of this shift in mindset: "We've got to think our mindset around these donors so that it keeps them around longer." Learn more: Whillconsulting.com Watch on video: https://bit.ly/3Q91ZkNFollow us on the Twitter: @Nonprofit_ShowSend us your ideas for Show Guests or Topics: HelpDesk@AmericanNonprofitAcademy.comVisit us on the web:The Nonprofit Show
Released:
Oct 26, 2023
Format:
Podcast episode

Titles in the series (100)

The Nonprofit Show is the daily live broadcast where our national nonprofit community comes together for problem solving, innovations, and reflections to foster greater social impacts.  Each day the hosts and their guest experts cover relevant topics, from money to management to missions, with fresh thinking and ideas to help you and your nonprofit amplify your social impact and better achieve your mission, vision and values. //Join in with The Nonprofit Show Co-Hosts Julia C. Patrick, CEO of The American Nonprofit Academy and Jarrett Ransom, The Nonprofit Nerd and CEO of The Rayvan Group.   Watch or listen to The Nonprofit Show for new knowledge and amazing inspirations.  Connect with nonprofit and social impact experts from across the globe. More details . . . https://bit.ly/34yEYk1 //Signup to watch the Live video broadcast of The Nonprofit Show and receive a show time reminder: http://bit.ly/3nxnADf // The Nonprofit Show is a production of the American Nonprofit Academy http://bit.ly/2LsVonu