Growth is imperative to a healthy fundraising program. With budget planning in full swing at many organizations, the key question is -- what's the best way to get there, particularly if you're asked to do more with less?
Here are several ways to approach achieving growth:
1) Test and launch new initiatives. This demands a strategy and
plan, plus resources. Perhaps you can secure a small fund to
test promising ideas. Or if you have an initiative in mind, you can move it
forward by creating a scenario proposal that demonstrates how the investment has potential to pay off in greater net revenue or more donors.
2) Strengthen the
tactics you currently have in place. All this takes is you, your team, and a
willingness to explore the details of your
program to find opportunity. An easy place to begin is by looking for proven practices
and programs that don’t demand a cash infusion. Monthly sustained giving
programs would fall into this category, as would the launch or expansion of an
e-fundraising program.
3) Improve your
campaigns. Take a close look at your initiatives. Are your
messages on target? Does the copy need to be refreshed? Is it
compelling? Is it
clear? Are your forms simple to understand? Are your gift ladders
working? Can you eliminate something that's no longer effective and add
something fresh to the mix? Find an organization or two with a great program, and ask them if they’ll share their
work with you so you can explore what might make your own program even
better.
4) Streamline costs to free up funds to invest in additional or improved initiatives. Can you simplify your mail packages, or print a larger quantity
ahead of time, or re-bid your largest line items? Have you taken a look at the actual costs of your fundraising events? When the value of staff time is calculated in, you may find that you're using valuable resources that could be more wisely invested in bringing more donors to your organization.
A tight budget can be a challenge, but
also an opportunity to make connections, gather information, and drill down into some positive change.