e-Fundraising Case Study:
Background:
Given the realities of aging donors and the need to find new
donors, we saw the opportunity to bundle a special e-fundraising
package. After some research, we built an offer that addressed
known pain points. We then selected a small permission-based
list of fundraisers who fit our target audience profile. Ultimately,
we wanted to test interest levels in this
relatively uncharted territory.
Approach:
Marketing
101 - Know your target audience, develop irresistible offers
and watch prospects convert to customers. This was our recipe.
We developed a Fundraisers Starter Bundle to help e-fundraisers
get up & running right away! Our limited time offer
was emailed to about 200 prospects. The offer had a great price
that included an e-fundraising and list building strategy session,
the set-up of an automated email sign-up process and more. The
offer also included 10 great reasons to get started with e-fundraising:
- Acquire donors through the power of "forward to a friend"
- Drive online donations through communications that are
one click away
- Promote special fundraising events quickly and effectively
- Create awareness through branded emails
- Organize volunteers without mail delays
- Increase sponsorships by increasing awareness of your
requirements online
- Solicit corporate donors with regular, informative email
updates
- Increase attendance with timely and immediate e-invitations
- Grow donor email lists using our list building strategies
- Determine donor preferences completely automated e-surveys
Outcome:
The first email went out on August 23rd. The results were
as follows:
Date
Sent
|
Sent |
Bounces |
Opens |
Clicks |
8/23/2004 |
197 |
12.2%
|
75.7%
|
16.0% |
Overall,
we were very excited to see such encouraging numbers. This
told us there was a level of respect and trust
("from" names make a huge impact on open rates). It also told
us that our subject line was compelling (Top 10 Reasons e-Fundraising
Gives You an Edge). We received several emails and phone calls
with some questions but not one person said "yes" to our specific
offer. However, this interest in other parts of our service
offering proved interesting. Some feedback also indicated
timing was bad - end of summer holidays can
be like that.
We
therefore sent out a second email on September 14th, announcing
an extension of the offer. We changed the subject line (e-Fundraising
Offer Extended) and the results were as follows:
Date
Sent
|
Sent |
Bounces |
Opens |
Clicks |
9/14/2004 |
196 |
11.7%
|
68.4%
|
3.4% |
Again,
we were encouraged. And again the test was interesting. While
not one prospect signed up for our "special offer", we continued
to receive emails and phone calls requesting general information
and other types of services. One such example is Candlelighters
- a not-for-profit volunteer organization that provides comfort
and resources to young cancer patients being treated at the
Children's Hospital of Eastern Ontario and
to those they depend on for strength and support. They wanted
help developing an electronic
version of their print
newsletter. They also wanted to add an automated email
sign-up system to their web site. We helped them achieve both.
Lessons
Learned:
Essentially
these test emails helped open the lines of communication.
As well, we can now confirm that all offers must be tailored
to the unique needs of any given organization - it's not a
one size fits all scenario.
And we're happy to report that we're now engaged in
numerous conversations with many smart fundraising professionals.
Helping them break into this exciting e-space in 2005 will
be one of our top priorities.
As
well, it is important to imagine if this test had it been
print only. Yikes! All the insight we gained through open
rates and click-throughs would not have been possible. And
it's unlikely that a second direct mail piece would have been
sent given the low conversions on the first drop. And it was
the second email that gave us the most leads.
Yes
conversions count but interest levels do too. Clearly we have
a list of contacts that are interested in hearing from us
and having the lines of communication open. Test.
Measure. Refine. That's the ultimate lesson we have learned.
Are
you an e-fundraiser looking to maximize online opportunities
in 2005? Contact
us today! For more on e-fundraising including comments
from our own Gary Thomas, read this interesting article
in Marketing Magazine.
About cardcommunications:
As an innovative e-marketing outsource solution, cardcommunications
helps businesses deepen customer relationships, influence client
behaviour, build brand and boost revenue. These benefits are
achieved though a wide range of e-marketing programs including
e-newsletters, e-promotions, and e-surveys - all built through
a combination of permission-based strategies and best practices.
Serving local and national clients in government, education,
high tech and retail sectors, the reach of cardcommunications
is broad. |