How Data Mining Can Increase Phonathon Acquisition
A NEW SERIES FROM JESSICA NENO CLOUD This is the second in a series on donor acquisition by Jessica Neno Cloud, CFRE, the author of Successful Fundraising Calls: A Phonathon Scripting Workshop. Cloud is the assistant director for fundraising initiatives and planned giving at the University of Southern Mississippi Foundation. She practices evidence-based fundraising with a focus on return on investment, and has a variety of innovative and effective techniques to share. You may also be interested in the first article in this series: “How Data Mining Can Increase Direct Mail Acquisition.” The leaky bucket is a common metaphor in annual giving. Organizations will not retain 100% of donors from year to year. In fact, most institutions have retention rates far below that. Without acquisition work to bring on first-time donors, most of our organizations would flat-line within a short period of time. However, acquisition work is expensive. The best acquisition results usually come from the phonathon program, where conversations can be tailored to the prospect’s interest and have a human touch. Acquisition mailers usually have poor results, but surely there is some low-hanging fruit in your database that would prefer a mailing. (To learn more, read our article on […]
