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Fundraising Tip of the Week #1: Make Sure Your First Five Donors Give You Big Donations

posted on 01/06/2009 by Ethan Austin

The single most important thing you can do to ensure a successful online fundraising campaign is to make sure your first five donors all give big-money donations.

Why is this so critical to your fundraising success? Well, it has to do with something I call the law of monkey see, monkey do.

When people visit your fundraising page, one of the first things they do is check out the donor list to see who has given and what the average donation size is.  Then they donate a similar amount. If they see that most people they know are donating between $50-$100, then they will likely donate between $50-$100 as well. On the other hand, if they check out your donor list and see that most people are donating between $10-$20, then they’ll probably donate between $10-$20 too.

To ensure that your first five donors all give nice big donations, make a list of the top five people you expect will be the most generous donors (e.g. Mom and Dad, Grandma and Gramps, maybe your spouse, a godparent or a close family friend).

Once you pick your “fave five,” ask them in person, call them, or send them an email asking them to donate X amount.  Tell them that you need their help to get the ball rolling and explain to them that if they donate X amount, subsequent donors will be more likely to donate X amount as well.

After your “fave five” have all donated, should you begin contacting your next closest group of friends and family and asking them to donate.  After the people in group # 2 have donated, you can start asking people in your next closest group of friends to donate, and so on and so forth…

Once you have a good number of donations on your page, you can then send the mass email to everyone in your contact book.  By this point, you’ll have a lot of momentum and people will be more inclined to donate.

My sister recently ran a half-marathon and used this exact fundraising strategy to raise $2500 for cancer research.  Before she sent out a single email, she personally asked some of her closest friends and family members to donate $100 each.  After they had all donated, she sent an email out to a second group of friends, but didn’t ask them to donate any specific amount.  Nevertheless, a good majority of them donated $100 as well because everyone else prior to them had already given that amount.  Within a week, and without ever sending out a mass email to everyone in her contact book, she had raised over $1000.  The strategy works really well.  You just have to be a little patient.

I hope this first tip is helpful. Until next week, happy fundraising!

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2 Responses to “Fundraising Tip of the Week #1: Make Sure Your First Five Donors Give You Big Donations”

  1. posted on 01/26/2010 at 8:58 am by Tim Cuthbertson

    These are great tips, Ethan! Thanks!

  2. posted on 01/27/2010 at 2:58 pm by Ethan Austin

    Thanks for the feedback. We’re glad they’re helping!

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