Believe it or not,
providing a good answer to that question is extremely important to your
fundraising success.
Ultimately,
everyone's focus is on themselves. As the saying goes, we're all starring
in our own movie. You need to design your campaign so that all the
individual "movie stars" receive feel-good roles, ones that bring out the
best in everyone.
There has to be real
value delivered along the way for your fundraising efforts to elicit the
desired response from your supporters. A true value proposition needs to
exist for your volunteers and participants as well.
Your fundraising plan
needs to clearly answer the question - "What's in it for me?"
A good place to start
is by crafting a concise statement of the benefits that your
High School
Fundraising campaign will deliver. This is not a monetary amount or goal.
It is the intended positive result(s) that will be created by the funds
raised.
For example, a PTA
fundraiser needs to communicate what the net proceeds will be spent on -
teacher supplies, playground equipment, etc. Your results will be
dramatically higher than just saying that you are doing a fundraiser
without specifying what the funds will be used for.
This statement of
benefits is the first variation of answering "what's in it for me?"
because you have defined how your group (and your community) will
invest/benefit from the proceeds.
Next, you need to
include that value statement into your group's communications with
potential supporters. Volunteers and other members participating in your
fundraiser need to understand this value proposition.
As group members, the
benefits resulting from the fundraiser are one portion of the "what's in
it for me?" for your participants. In addition, there are often other
individual benefits for those actively involved in the fundraising effort
- the satisfaction of helping reach the goal (and the resulting benefits),
as well as possible incentive/prize programs.
Ultimately, the
success of your fundraising efforts hinges on getting the maximum level of
"buy-in" from the maximum number of supporters. Having your workforce -
your volunteers and your participants - understand what's in it for them
will boost the results tremendously.
The reason is that
their belief/understanding of what benefits will result will come across
more strongly to each potential supporter. In addition, that stronger
belief will motivate them to approach additional prospects. So, you get
better results from the improved communication and increased effort.
Lastly, those
supporters that you've carefully cultivated will be more likely to
contribute to your cause if they know clearly "what's in it for me?"
It's a scientific
fact that people most often act in their own self-interest first and then
consider the needs of others. That is why society places a high value on
such selfless acts as the heroism of the firefighter or the courage of a
soldier.
So, how can you
appeal to the self-interest of a potential supporter?
- By defining
precisely how their contribution will help
- By increasing the perceived value of what they give
- By increasing the perceived value of what they receive
Your
High School
Fundraising participants need to communicate to each prospect the exact
nature of the community benefit. To use the PTA example, a potential
supporter should immediately be informed of the amount of school supplies
their funds will provide. If it's new playground equipment, mention the
cost
of a specific item.
Add value to their perception of the impact of their own donation by
linking it to the attainment of a sub-goal. If it's new playground
equipment, mention the rough cost of a specific item and link it to their
contribution.
An example is stating
that a $10 contribution purchases a new basketball. The supporter sees a
visual image in their minds' eye of the result of their contribution.
That image has the effect of associating a donation with a pleasurable
feeling, making it much more likely that the prospect will support your
cause.
Besides increasing
the perceived value of what they give, you also want to increase the
perceived value of what they receive. You do that in different ways for
different fundraisers - donor recognition items for contributions, more
attractive packaging on items being sold for a profit, or making your
charity auction a black-tie event.
Each of these
approaches increases the perceived value without significantly increasing
the cost. That means that each of your supporters will assign more value
to what you are offering. That translates into increased funding for your
organization.
So, what's it all
mean? Just this. In planning your next fundraiser, be sure everyone
knows how to explain your group's efforts in terms of the other people
"what's in it for me?"
|
About The
Author: Kimberly Reynolds is
the author of
Fundraising Success, a
best
selling ebook on fundraising. You can read
more of
her fundraising
ideas on her website, FundraiserHelp.com. |
|