Getting Donor Data Ready for Year-End Fundraising

Nonprofits are heading into their important year-end fundraising season when donor file prep and targeting can make a big difference in results. We wanted to pass along a recent nonprofithub.org post on key ways to maximize success with donor data, especially since these are areas where clients regularly rely on DBM Designs' data services. The first goal, as the article notes, is to have an accessible, updated, accurate and actionable database and donor management system. Besides name and contact info, it should include strategic targeting factors such as campaign performance, donor history, gift amounts, last gift dates preferred channel and demographics. Data services experts can help quickly aggregate, organize and clean existing donor data, and also help append missing data, such as demographics. The next key task is donor segmentation. Segmentation identifies groups by shared attributes in order to send each group the appropriate targeted message or campaign. Segments can be divided by giving level, last gift date, relationship with the organization, demographic information and more, and the article offers a handy "donor segmentation cheat sheet" for beginners. Of course, the segmented data is useless without a marketing plan, which should include fundraising goals; deployment timings; integrated use of channels such as direct mail, e-mail and phone solicitation; and targeting and creative messaging strategy. Targeted donor data and segmentation will then permit more effective creative via crafting of tailored, personalized communications that tap the donor's personal connection and history with the organization or cause. Plus, data can be used to tailor the rest of the donor experience, from the mailed response device or online donation page to expressions of acknowledgement and appreciation. For the full post, see http://nonprofithub.org/fundraising/5-steps-to-target-donors-for-year-end-fundraising-success/

Retail Leaders Still Count on Mailings to Deliver Sales

Any retailer hesitating over the role of direct mail in their marketing mix should read a recent Entrepreneur magazine article that spotlights how much today's retail leaders count on physical mailings for sales success. For example, Costco, which sends 8.6 million magazines per month, reports that 56% of members who receive the magazine buy something based on what they read in it, according to article author Shaun Buck, CEO of The Newsletter Pro. Costco did consider dropping the print version in favor of a digital version to cut costs during the Great Recession--until it found affluent members overwhelmingly preferred a print edition. It's no surprise Costco now projects print circulation growth for the foreseeable future. Williams-Sonoma, parent brand to seven companies including Pottery Barn and West Elm, also considers catalogs "a very, very important part of the marketing strategy,” and 50% of the company’s marketing budget is spent on catalogs each year. Online men's retailer Bonobos, which only entered mailed catalog marketing in 2013, now sees more than 20% of its website’s first-time customers placing orders because they received a catalog in the mail--and spending 1.5 times as much as first-time buyers who did not receive a catalog. Author Buck adds that when The Newsletter Pro is late with its own print newsletter, phone consultations with prospective new customers drop by 25% to 33%! For the complete article, read https://www.entrepreneur.com/article/275303