3 Fundraising Habits to Avoid

3 Fundraising Habits to AvoidHabits can be either a blessing or a curse. There are at least 3 fundraising habits you need to avoid if you are going to be effective in raising funds.

1. When making appointments, don’t tell the whole story.
The goal of your phone call is to secure an appointment. If you take the phone call and tell your whole story, don’t be surprised to hear your prospect say, “You have given me a good idea of your ministry, I am not sure we really need to meet.”

2. Avoid the Group Ask
We love to put our vision and need in front of as many people as possible. Asking in a group setting tends to get people responding in a minimal way. You can secure far bigger gifts by meeting those same people on a one-to-one basis and raising their vision.

3. Asking Too Low
It is so easy to ask for smaller gifts. People will respond but I like to ask based upon capacity to give, and raise their vision. This alone will speed up your fund raising process as more funds will be given, instead of a nickel and dime approach.

Take advantage of the next People Raising conference. Sign up by May 17-18.

Also go through the 6-hour People Raising training program available in DVD, CD and MP3.

Let these training tools assist you in avoiding these 3 fundraising habits.

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3 Fund Raising Concepts

3 Fund Raising ConceptsThese 3 key concepts can make a big difference in your fund raising…

1. Avoid the Group Ask

It is tempting to gather a group of people and ask for a gift. To a certain degree it makes sense because you have a captured audience. As you make your fund raising appeal, this is what typically happens. Let me give some fictitious names to illustrate. You make the group ask and George in the back of the room looks across and spots Barb and in his mind he figures Barb will be the person to write the big check. Meanwhile, Barb looks and spots Jack. She is so pleased he is here because if anyone can make things happen with a big gift, Jack will be the guy. Jack spots Jim and says praise the Lord Jim has shown up. There is no doubt in Jack’s mind that Jim’s gift will put the giving over the top. Unfortunately, George, Barb, Jack, and Jim all low ball their gifts and probably the rest of the group does likewise. Avoid the group ask and sit down with key people individually and challenge them high. Try this approach once, and you will tend to steer clear of the group ask in the future.

2. The 48 Hour Rule

This has to do with your follow up. You ask a person for a gift and they say they want to pray about it. None of us are opposed to that but what do we say next? Here is where you use the 48 hour rule. For example, today is Tuesday, I would suggest that you follow up with them on Thursday (48 hours/2 days later) It is very important that you set up the next step and that you control the follow up. The 48 hour rule is for you, it is designed to give you the next step and gives you the permission 2 days later to make the follow up call and move people to a decision.

3. Talk Vision, Not Need

When asking for personal support it is so easy to give people a grocery list of all your needs. For example, I really could use your financial support because my car is on its last leg and we will need to replace it. We are concerned about college expenses for our kids and by the way we have no money set aside for retirement. Who is going to get excited about funding those and other NEEDS? It is essential that you share your vision being sure to articulate what the Lord has asked you to do. Share your passion. Talk about your plans for the future on taking the gospel to those in need.

Practice these 3 key concepts and you will be well on your way to seeing your ministry funded.

1. Avoid the Group Ask
2. The 48 Hour Rule
3. Talk Vision, Not Need

Learn more of the key fund raising concepts from Bill Dillon. Register for the next People Raising conferences May 16-17, 2013, October 18-19, 2013.

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3 Guiding Fund Raising Principles

3 Guiding Fund Raising PrinciplesAs I teach at the People Raising conferences there are some guiding principles that I reference. So many people have taken these to heart and have applied them and seen their fund raising increase. Here are 3 of those guiding principles.

1. The issue is effectiveness, not efficiency.

In fund raising, it’s only natural to think in terms of how efficient we should be as we seek to raise funds. However, your real goal is to be effective in your fund raising and see the funds come in for your ministry.

There are many scenarios in which we focus on efficiency at the expense of effectiveness in raising funds. For example, we have the opportunity to gather a group of people whether it is a church meeting or dessert time. We think if I get in front of all these people at one time that’s going to really make a difference in my fund raising. Another scenario is the use of email or other social media like Facebook. We think, here is a golden opportunity for us to get the message out very quickly and very efficiently. Both these scenarios are not the most effective way to raise funds.

I have plenty of evidence that will show that by sitting down with key people face to face and raising their vision and challenging them you will see your fund raising be much more effective. By using this method you will have the opportunity to individualize your ‘ask’ of each person.

2. If you don’t ask, the answer will always be “no.”

The number one reason people give is because they are asked. For many the fear to ask will paralyze them and they will never get around to asking for funds. To this day I still have a certain element of fear but I’ve learned to live above it. Remember, if you don’t ask the answer will always be” no”. That being the case, you’ll never see funds raised for your ministry. Who is to blame, is it the Lord or could it be your unwillingness to ask? Remember scripture says, “You have not because you ask not.”

3. Visibility equals opportunity.

One of the most important things I can do as Founder and Executive Director of Inner City Impact is to get out of my office and get in front of people. That could take so many forms: it could be attending a banquet, a Bible conference, a church event, a business men’s luncheon, and so many other scenarios. By being in front of people the Lord will begin to create some wonderful opportunities as I interact with people, both donors and prospects. My advice, look for opportunities, make opportunities, and capitalize on opportunities to be visible for you and your ministry. Simply by practicing this principle, you will see many more people become part of your financial and prayer team.

Learn more of the key guiding fund raising principles from Bill Dillon.
Register for the next People Raising conferences:
May 16-17, 2013
October 18-19, 2013

Here are two endorsements from the very latest People Raising conference.

“The People Raising conference is a fantastic resource for people who need practical and attainable ways to raise funds. The learning is interactive and the role playing is very beneficial. I highly recommend it!”

Eric Chabot
CJF Ministries

“I love Bill’s humility and humor as he discusses the keys to raising people as donors. His insight, experience and encouragement will be of great help to anyone attending.”

Lance Hurley
Ignite Church Planting

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4 Shortcuts to Avoid

4 Shortcuts to AvoidExperience has taught me that taking shortcuts in fund raising can be costly. It is important that you have your fund raising philosophy well thought out and your plan in place. The problem comes when you start taking shortcuts.

Here are four common shortcuts you need to avoid:

Example #1
“I really feel uncomfortable about making appointments and sitting down with people. I think I will send a letter instead.”

Concern: People need to know you, sense your heart and your passion. That does not begin to come out through a letter. Buy up the opportunity where possible and practical to sit down with people. There simply is no substitute.

Example #2
“I’m not going to ask for a particular amount or even ask in a range for a gift. I think that I will let them figure it out.”

Concern: Your prospects and donors need to know how they specifically can participate. They need to be challenged and their vision needs to be raised.

Example #3
“My friends certainly know of my financial need. I really don’t think there is a need to follow-up.”

Concern: Busy people have a lot on their plate and many things on their agenda. Your request can soon be forgotten. A call, a simple reminder can bring your request to the top of the list. I will guarantee you that if you follow up, you will see some significant things take place.

If you fail to challenge by an amount or range of gift, you will consistently see people not give to their potential.

Example #4
“I think my prospect list is just fine; there is really no need to add to it.”

Concern: You never stop building your list. Existing donors can stop or reduce their giving. You can’t depend upon past performance.

In fund raising, shortcuts are costly. Do all in your power to avoid them!

Don’t forget the next People Raising conference March 1-2, 2013.

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5 Ways To Gather Information On Your Prospects Or Donors

5 Ways to Gather InformationOn Your Prospects and DonorsIf you truly are going to be successful in your fund raising you need to know as much as you can about your prospects or donors. There are 5 ways you can gather information on your prospects or donors.

1. Listen
People will tell you a lot about themselves. Their passions, struggles, priorities and so much more. You just need to give people a chance to talk and share.

2. Look
When you walk into a person’s office or home begin to look around. People place things that are important to them on walls, tables etc. It could be an award, picture of grandchildren, pictures from vacations etc. You might learn of hobbies and so much more. These are great talking points.

3. Ask
Ask questions of your prospect or donor. Questions asked on your part will unveil many things that can help you build that relationship. Such as:

  • Tell me more about your career?
  • Tell me about your family?
  • What types of thing do you like to contribute to?
  • When you give do you tend to give monthly, quarterly, annually?

4. Talk
Ask friends of your prospect or donor (if known to you). Friends can be most helpful in giving you their insights.

5. Internet
Searching Facebook, LinkedIn and Google can give you even more information.

Remember, through People Raising you are building a relationship. Those relationships can be enhanced as you take an interest in your prospects or donors as you:

Listen
Look
Ask
Talk
Internet

The Lord bless you as you continue to building relationships and challenge people with the vision the Lord has given you.

Don’t forget the next People Raising conference March 1-2, 2013. You can save $50 through the early bird special if you register by February 1.

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3 Things at the Close of the Year

3 Things at the Close of the YearFor any fund raiser, the end of the year is a key time to raise funds. Here are 3 things for the close of the year:

1. Segment your list.

You often hear me stress:
High
Medium
Low

Your high priority prospect and donors are those that have the capacity to give larger gifts. End of the year is when you need to know who they are and focus on them. Once they are identified I recommend building a list of those who would make up your top 10 list. Everyone’s list will vary in dollar amount as to who that might be. No matter how small or large they might be this is where you will need to focus.

Depending upon your geographical location to your donors you might do the following:

High priority—visit
Medium priority—phone
Low priority—Send letter or email

Be sure to be personal, yet practical.

2. You might consider a special gift to thank your donors.

Whether a donor is high, medium or low, the end of the year can be a good time to express your thanks. Keep in mind, you are not in competition with your donors when it comes to gift giving. They don’t expect that. It is the thought that counts. Try and think through what might be appropriate and appreciated. Not only does this express your thanks but it is another way of staying in front of your donors.

3. Don’t forget a Christmas card or Christmas greeting.

It might go by mail or be sent out electronically. A family picture is always appreciated. Don’t be surprised when your Christmas card or family picture makes its way onto the family refrigerator. Just seeing it just might generate more prayer support for you and your ministry.

Merry Christmas from People Raising, and have a blessed new year.

Bill Dillon

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4 Options With Your Referrals

4 Options With Your ReferralsAll of us are excited when we are given referrals from our donors. But after you get the new names what do you do next? There are 4 options that you can request of the donor who has provided the names. They could do one of the following:

  1. Send a letter introducing you.
  2. Make a phone call and introduce you and indicate that you will follow up with a phone call
  3. Set up a 3 way call or conference call so the 3 of you could talk.
  4. Set up a meeting for the 3 of you to meet.

The question is which is most effective? And the answer – Set up a meeting for the 3 of you. This is powerful because at that meeting the following takes place:

  • Your donor shares his or her enthusiasm for you and your ministry and tells why they support you or your organization.
  • The referral already has a relationship with your donor. He or she respects them and trust their opinion of you and your ministry.
  • You now have a chance to share your passion and vision with the referral.
  • You have the opportunity to begin building a relationship with that referral.

Remember the People Raising principal:

  • People give to people they know
  • People give to people they know, they trust
  • People give to people they know, they trust they care for
  • They now know you and you have the opportunity to build that relationship.

Setting up a meeting for the 3 of you calls for patience and usually does not happen overnight. Just scheduling 3 people can take time and the busier the people are the longer it will take. But it has been my experience it is well worth the wait. Don’t take the short cuts of settling for a letter of introduction, a phone call and 3 way call. You simply will not have the results you are looking for.

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6 Reasons Why Your Pledged Gift Never Arrived

6 ReasonsIt is not uncommon that a pledged gift might not arrive as scheduled. But why? There are at least 6 reasons why your pledged gift never arrived.

  1. Health issues. It could be the individual donor or a family member that is experiencing health issues. In some cases the health issue could result in a hit financially.
  2. Job issues. In this day and age this is all too common. Loss of a job, reduced benefits hit hard.
  3. Credit card change. New cards require notification to make sure your card is credited.
  4. Organization credited wrong account. Yes, this does happen from time to time.
  5. They simply forgot. This is most common and an easy fix and in most cases the donor will make up for the gift never received.
  6. Lost in the mail.

Now here is my main point when it comes to such things as health issues and job issues. These can be opportunities for you to minister to your donors. Remember in People Raising this is a relationship that flows in two directions. The donor’s investment in you and your ministry to them.

But how do you discover which of these 6 or other scenarios apply? Well, you don’t send a letter and wait for a response. No, you pick up the phone and indicate you are always tracking the gifts that come in and noticed for one reason or another that their gift had not arrived. It is that simple and you will soon hear their reply and you got your answer and can respond appropriately.

 

Next 2 day People Raising conference October 19-20, 2012 Chicago

Is your organization frustrated with how long it takes your staff to raise their personal financial support?

Are you facing the challenge of how to motivate your staff and help them live above the fear of support raising?

  • Learn how to significantly reduce the time it takes (as much as half) for you, your staff or organization to raise financial support.
  • Discover how to effectively move beyond the fear of raising funds.

Who should attend?

  • Ministry leaders who raise personal or organizational support.
  • Individuals within organizations who are responsible for training or monitoring those sent out to raise financial support.
  • Ministry representatives responsible for overseeing the raising of funds through personal solicitation.

http://peopleraising.com/conferences/

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Book Review of People Raising

People Raising - A Practical Guide to Raising Funds (new and expanded edition for 2012)A review of People Raising, by Marv Newell, Sr. Vice President, Missio Nexus.

SUMMARY

It was nineteen years ago that Bill Dillon released his first edition of People Raising. When he did, it was one of the first definitive books written specifically for missionaries and ministries on the “how-to” of successful fund raising. Now this revised and expanded edition takes the reader even deeper into the ministry of support raising. Dillon incorporates the very latest technological advantages – Facebook, Twitter, texting, Skype, etc. – to help the reader wield these tools to their advantage.

Whether one is raising funds for individual personal support or for a one-time project, this book is full of practical information on how to do just that. As the title states, this is a very practical guide. In places it is so mechanical (in a good sense) in step-by-step suggestions that readers will feel that all the tools and tactics they need to raise funds are at their disposal. At the core of the book are Dillon’s twelve steps to follow in developing a fundraising strategy. Scripture is scattered throughout, assuring a solid Biblical basis for the practical matters involved in raising funds.

BEST CHAPTER

Chapter 4: “Confronting the Fear Factor”

It is difficult to choose one chapter as the standout, but based on what so many express as their major concern in fund raising, Chapter 4: “Confronting the Fear Factor,” would be of great interest and help to many. Dillon quotes extensively from Donna Wilson of InterVarsity, who has taken a healthy approach to this major concern. He (and she) focuses on the areas of where so many fund-raisers struggle: fear as seen in lack of confidence; relational fear; fear of failure; feelings of shame, unworthiness, and guilt; self-doubt; discouragement and others. A Scriptural truth stands out, “God created humans to experience the joy of giving and calls us not to take rejection personally” (2 Cor. 8:1-5). (p. 41)

BEST QUOTES

“However, when you serve in a missionary capacity, the people who invest financially in you are inclined to pray for you. Prayer follows financial investment.” (p. 17)

“Let me offer a word of caution. There are those who will readily walk away from fundraising merely because of fear or inconvenience. When you get down to it, they have arrived at their position not from a careful study of Scripture but out of convenience rather than conviction.” (p. 32)

“There is not a right or wrong model, and there is no single model. But I advise you not to build your philosophy out of convenience but to be willing to move out of your comfort zone. What does that add up to? The fact that we are workers together, sharing our various resources – including money – to achieve goals for God.” (p. 35)

“We all have many stories on how fear can paralyze. We dare not let fear distract us from accomplishing God’s purpose for our lives. Move forward with full confidence that the Lord has called you and will meet your every need for His purposes.” (p. 43)

“What you and I are promoting is a lifestyle. People Raising is a journey on your part, but never forget that your donors are on a similar journey. As both of you play your roles, God’s work will be advanced and He will be glorified.” (p. 49)

“People give to people.
People give to people they know.
People give to people they know and trust.
People give to people they know, trust, and care for.” (p. 57)

“I believe in high tech (using all communication forms available) and high touch (ongoing personal interaction) when it comes to raising funds. Visiting with prospective donors is cost-effective and time-effective and can result in a highly committed team of supporters.” (p. 61)

“High-priority prospects are people who have the financial capability to generously support you or your organization. But the donor’s financial cushion is not the only criterion for this category. Donors may be ranked as high-priority based on their eagerness to support you. These donors may have given you signals that they want to be part of your support team.” (p. 82)

“The Pareto principle states that 80 percent of the results flows out of 20 percent of the activity (some promote a 90/10 percent structure). So don’t be surprised if 80 percent of your support goal comes from 20 percent of your donors.” (p. 88)

“Your goal is to communicate, and you will need to do it in whatever medium is most comfortable for your donor and not necessarily what is most convenient for you.” (p. 91)

“People don’t give to meet a need; they give to support a vision! Convey your burden with conviction. Convey your burden with emotion. Convey your burden with sincerity. Convey your burden with confidence.” (p. 120)

“Most organizations will take a percentage for administrative costs that help cover some of the mission’s overhead – costs to maintain the mission headquarters, secretaries, receptionists, training, and so on. Some donors do not understand or want to give money toward administrative costs. The way you respond is critical. Enthusiastically support your organization and its policy and be prepared to defend that policy. Without your organizations expertise, office assistance, and resources, you would be on your own. Although administrative costs don’t cover your actual expenses, the organization’s costs help keep you in your ministry.” (p. 122)

“No one wants to be the sole supporter of your vision. Donors need to be reassured there is a team of financial supporters to take you across the finish line.” (p. 123)

“I want to say loud and clear that I want to see you raise the funds but also to keep the funds. If that is going to happen, you will need to regularly thank people.” (p. 141)

“In essence, any time someone does something special for you, you should recognize that generosity and say “Thank you.” 
God has given you a special role in your ministry, and many of the Lord’s servants are waiting to minister to you. But remember, givers need to be thanked and appreciated.” (p. 144)

“You might say that donors have three entitlements. 1. They have the right to know whether you received the money or gift. 2. They have the right to know whether you needed the money or gift. 3. They have the right to know whether the gift was appreciated.” (p. 147)

“It is much easier to get more money from an existing donor than to recruit a new donor. It is also more cost-effective and time-efficient. Challenging people in their giving is a crucial aspect of your fundraising plan. Resoliciting is a chance to challenge high.” (p. 175)

“Every step in our fundraising planning and execution has to be bathed in prayer. If this is the Lord’s ministry, then it’s important that we consult with Him – regarding our need for funds and to praise him for the successes we experience.” (p. 209)

BEST ILLUSTRATION

“I’ll never forget visiting a friend of our family. He operated a construction business. I walked into his construction yard and headed toward his small, concrete-block office. Before I got to the door, I heard my name called out. Initially I didn’t know where the voice was coming from. Then I looked high in the sky, and there on top of a piece of construction equipment was our friend. He was an interesting, colorful character. You never knew exactly what he would say next. He yelled from the top of the construction equipment, ‘Bill, have you heard? The devil is going out of business! He’s selling all his equipment, but he’s saving one thing: the tool of discouragement.’” (p. 53)

BEST IDEA

“So work your plan as if it all depends on you, but knowing that in reality it all depends on Him. Remember that prayer activates a powerful God. It unleashes His resources to accomplish His purposes. Prayer shows how inadequate we are and brings a heart full of praise back to the Author and Finisher of our faith.” (p. 222)

BEST TAKE AWAY

“Curtis Kregness of the ministry New Life Editions underscores this issue in his article “The ‘Enemy’ of Deputation Was Me.” I entered deputation with some apprehension, not really knowing what to expect, but realizing that I was in for a long, arduous climb. I was convinced of one thing – that God was going to have to take up the slack in many places, because I felt very inadequate for a public relations-type ministry, especially when it often centered on myself… But as I climbed further up the mountain, I discovered that someone had not told me the complete story. God was using the deputation experience to minister to me. At each new bend in the trail, I realized some new lesson that God was teaching me, which went far beyond the fundraising and prayer-raising function of deputation… The comic strip character named “Pogo” once uttered this piece of wisdom: “We have met the enemy and he is us!” My deputation experience verified that often we are our own worst enemies.” (pp. 52-53)

Our Recommendation:

If you are either just starting out on support discovery, have been on faith support for a while, or are in need of raising funds for a one-time major project, you will definitely benefit from the principles and practices contained in this book. The practical suggestions presented, along with up-to-date ideas and use of technology, make this book one of the best manuals for support raising.

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3 Key Questions Your Donors Might Ask

3 Key Questions Your Donors  Might Ask In chapter 21 of the New and Expanded version of People Raising released April 1st. I interview a donor to get their perspective on fund raising and I ask– What are some of the things that really motivate you to give? He responds by saying, “Leaders who effectively answer the three questions of leadership.”

  1. Can I trust you?
  2. Do you care about me?
  3. Do you know what you want to do and can you do it?

Let’s look briefly at each of these questions

1. Can I trust you?
In People Raising we say “People give to people they know, trust and care for.” You have to earn that trust and it is not automatic. Don’t think for a second, that just because you carry a title such as, Missionary, Church Planter or Executive Director you are bound to get a gift. No, you need to be trusted and that usually is built over a period of time.

2. Do you care about me?
I had lunch with a prominent Christian Leader and we talked about Fund Raising and he turned to me and said, “It’s all about relationships.” As you seek to raise funds there is no question that one of your goals is to seek financial support. But when the rubber meets the road, where is your allegiance? If your relationship is true and genuine, it has to reflect an abiding care about your donors far above their giving to you. What happens if they had to reduce their giving? What happens if they were to stop their giving? How you respond may speak volumes as to do you really care about them or is it just their money?

3. Do you know what you want to do and can you do it?
What is said here is pretty straight forward. If you were to be entrusted with their funds, not only are your plans important but are they convinced that you can you pull it off? Can you be counted on?

These are three very key questions your donors might not verbalize to you but you can be pretty sure they are thinking them.

The Lord bless your efforts of People Raising.

 

TWO MORE reminders:

Who should attend?

    • Ministry leaders who raise personal or organizational support. 
    • Individuals within organizations who are responsible for training or monitoring those sent out to raise financial support. 
    • Ministry representatives responsible for overseeing the raising of funds through personal solicitation.
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