For those who have produced strong retention numbers you
understand that it is not at all about renewing the second gift. The current
retention rates discussed in the fundraising effectiveness report are really
not the numbers to review in order to begin designing retention strategies. However they certainly do outline some challenges.
Retention is understood by knowing the length of time your
donors, by category, remain on the books. Example: the donors giving 90% of fundraising
dollars today remain with us an average of 2.95 years. A decade ago that number
was 3.75 years. The root of understanding momentum boils down to an
appreciation for the Heisenberg theory. And the foundation of building a strong sustainable retention initiative is all about momentum. Loosely translated from quantum mechanics “ The more you try to understand the location of an object, the less you
understand its momentum. “ The location of an object is the equivalent of measuring
a single number to understand retention. This means looking at renewing the
first year donor in year two is simply a nonstarter in understanding how to
design strategy and demonstrates a lack of understanding of the impact physics plays in improving donor retention.
To begin figuring out how to improve donor
retention you have to understand that what you are actually
Werner Heisenberg |
At the time leaders in fundraising thought we were crazy to
be generating customized html pages for our donors connecting them to the
impact their investment was having. However, we realized that we were not fundraisers anymore;
we were in the business of designing donor experiences. All aspects of our strategy were measured to the physics of creating momentum.
Please pardon the sales pitch, but we were very proud of bucking traditional fundraising thinking. Because of our attention to the physics of momentum we increased retention by 288%, tripled
the number of donors and double the average gift size. If you are interested in
learning how to build a remarkable retention effort grounded in the science of
momentum and in how to effectively measure the impact of your strategies with
proprietary tools then maybe check us out.
cue the infographic
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