Tue, October 22 2013
We’ve all heard it before, “Give me your Rolodex, give me 20 names that I can contact.” It can be overwhelming to produce a big list of people who are eager to raise money for your cause. But what if 20 names is 19 too many? What if all you need is just one? This is the idea proposed by philanthropist Jeffrey Walker and fundraising expert Jennifer McCrea in their recent book, The Generosity Network.
Asking your nonprofit board members for just one person who might be interested in joining your cause will seem more manageable to them and is more likely to generate a thoughtful response. That way, you can meet with someone who is open to starting a relationship with you and—ultimately—your organization.
Meet in an intimate setting.
Invite your new contact to meet, but beware of asking them to your office! Conference rooms can be beautiful spaces: great for viewing PowerPoints, but actually hosting an intimate first meeting? Forget it! Go to coffee or breakfast so that you can be in a space that is made for conversation. In a coffee shop, sharing your story won’t come across as rehearsed the way it automatically would in a conference room or at someone’s desk. Context is everything.
Form a connection.
Remember, this first meeting isn’t a sales call; it’s a chance to authentically connect. Be ready to ask what your new contact truly values and consider saying, “For the record, I’m not going to ask you for money today.” If people think you’re just there to extract something from them, they might be worrying about your potential ask. If they’re only half listening, it will be hard to build a relationship of trust and explore a potential partnership. But don’t wait too long to ask for a commitment! It’s important to share what your organization is doing and what you could achieve together.
For more ideas on developing a relationship with your donors and how to turn them from one-time customers into lifelong partners, access the archived webinar presentation of Nonprofit 911: Build Your Generosity Network with Jennifer McCrea and Jeff Walker.