In which we answer the question... Is $5/month insignificant?
Well... first... no gift to any
organization is insignificant, because each gift represents someone who cared
enough to do something to support your work.
However, there are gifts
that are too small to be sustainable from a long-term financial
standpoint. That’s why, at the vast
majority of organizations, the basic entry point to encourage first-time givers
is somewhere between $25 and $39. It's the place where you can usually find more people willing to test the waters with you, while
still maintaining financial health.
To bring a new donor into
your organization, even with a small gift, is one of the most important things
you can do because you’ve just identified someone who has a true interest in
what you do. Now you can talk to them, and connect with them, and begin to move them up the ladder of giving.
Let's say you have a
prospect ready to contribute $39 as the result of your appeal. Then they learn about the ease and
convenience of making an ongoing gift of just $5/month. And they choose that instead. You’ve
just increased your revenue from that donor by 50%, and greatly increased the odds that they’ll continue into the second
year.
Not insignificant.
Up next… how to make the most of this opportunity.
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