Dear Ohdeuk, Somebody recently asked me why I write so many books, in addition to editing this newsletter, writing a column for The NonProfit Times, and who-knows-what-else. My response was, “I can’t help myself.” I guess one of the reasons I write so much is that I love to hear from people who’ve read my books and articles. I learn a lot that way. All of which is a sneaky way to tell you about my latest book (the eighteenth). It’s called Values-Driven Business: How to Change the World, Make Money, and Have Fun. My co-author was Ben Cohen, the guy who co-founded Ben & Jerry’s and gave the world Cherry Garcia, Chunky Monkey, and other hideously fattening ice cream flavors. Values-Driven Business is an inexpensive paperback book that we wrote to help people who own, run, or want to start small businesses. If you’d like to check out the book, you can find it in bookstores throughout the United States and just about everywhere online as well. Translations into Spanish and Korean are underway. If you click here, you’ll find Amazon.com’s discount offer. Of course, if you just want to read this newsletter, scroll down and read away. Enjoy! Cheers,
In This Issue: 1. Spotlight on Success: Know thyself... and thy donor
SPOTLIGHT ON SUCCESS1. Know thyself... and thy donorWITH THE proliferation of conferences on direct response fundraising, new techniques are being shared far and wide. But to Diane Bernardini, Direct Mail Manager for Maryknoll Fathers and Brothers (Maryknoll NY), there’s an important caveat: “Sometimes you go to seminars and somebody will find something. And it’s almost like it’s too gimmicky. You have to be careful with those gimmicks. Because what works for somebody else may not work for you. And I think it’s important to know what your organization is, what kind of donors you’re looking for, and stay right on target.” ANSWERMAN2. Should recent donors be mailed or suppressed?BY PETER SCHOEWE
On the face of it, it makes all the sense in the world to hold your most recent donors out of your next mailing. After all, these are the people who just did a wonderful thing. They reached out through the mail and offered you their support. And most likely they sent as much as they felt they could afford at the time. DONORSPEAK3. Is Lifetime Donor Value still relevant?BY DIRK RINKER MOST NONPROFITS that pursue fundraising through mass media rely on basic analysis to measure the effectiveness of acquisition programs. Straightforward ROI computations (e.g. cost per dollar raised, cost per new donor, etc.) might be compared to a Corolla—not flashy, but reliable. Such measures as Lifetime Donor Value (LTDV) analysis are like a Prius hybrid—taking you farther, but with a higher initial investment. online4. 10 steps to a great emailBY RACHEL ALLISON
TIPS & TIMESAVERS“YOU'VE JUST written a great letter—be it acquisition or an appeal. But have you written an equally great lead?“The lead is critical. If it isn't a “grabber,” the prospect will stop reading and you will have lost a contribution. Of course, getting the envelope opened is the most important first step. But getting the prospect to actually read your appeal is critical.hands on
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