I recently read a blog post over at thedonorvoice that tried
pointing out the inaccurate assumptions regarding pace of solicitation that
Penelope Burk had made in recent research. This particular post highlights for
me the vast amounts of “myths” in the market on this critical topic.
If you are a practitioner who believes that cadence will
play no role in retention, I encourage you to test this for all of our benefit
by setting up hourly automatic solicitations for your entire donor pool. I
suspect not many people will choose this path and most of us would agree for
quite obvious reasons. The assertion that pace will play no role in retention
is the equivalent of suggesting one could not overdose on heroin. Although sharing data that provides no insight into how to improve the retention problem I guess potentially gives organizations the opportunity to be lost but making great time.
Having spent most of my career building advance models
focused on retention and increasing donor retention by over 280% I can tell you
that both Penelope Burk and the folks at thedonorvoice are correct, the problem
is that they are also both incorrect. If you've never produced retention it is
possible to look at statistical studies regarding groups of people and arrive
at what would be perceived as logical conclusions. The problem in practice is
that while groups of people are predictable, individuals within that group are
not. There is just no 100%, ever.
Retention is achieved through a personal understanding of
how each donor will react to designed touch
points. There is no 100% assumption
that you can safely drape over any group without a certain degree of
statistical error. You just have to determine if the risk of error is worth,
well, the risk.
Donor retention is both a serious problem and an incredible
opportunity. Our systems, models, and strategies for five decades have been
designed to generate transactions not customer satisfaction. We have built a fundraising culture almost entirely on acquisition. Continued focus on transactions only will do very little to impact the retention of your most valuable assets.
If you are interested in how to have real impact check out this read from Tom Asacker.
In the meantime the point this info graphic makes reminds
me.
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