Non Profit Support

Source:https://www.podbean.com/eau/pb-4tkw7-130b6c5Rob Wu, Founder of Causevox.com shares lessons learned from talking to over 100 large gift officers and donors. Learn about the BAIT approach to donor qualification. BAIT – Budget, Affinity, Intension, Timeliness  About Causevox11 years ofexperienceWe launched in 2010 and help nonprofits rally communities and raise millions every year. 1500+customersFrom small community-service charities and national organizations to global development nonprofits. 75,000+fundraisersFrom DIY fundraising and peer to peer to events and donation pages, CauseVox has you covered. Transcript [00:00:00] Today[00:00:26] on the Whole Whale podcast, we have a returning guest who may, if I’m right, may be setting the record for the, the most, uh, appearances on the whole Whale podcast, episode 50, The Data Behind Donor Retention, Episode 1 53, Analytics Answer, Who are My donors? And Episode 1 59 Survive the nonprofit software business.[00:00:47] Rob, we always appreci. Your candor, your willingness to come on the show to talk about it. And this is Rob Ru, of course, the CEO, founder of Cause Box. He has been diligently working in the sector, I believe, at least on cause box since[00:01:03] 20 11, 27 officially.[00:01:08] Officially 2010. Uh, actually also the same year that whole Whale was founded.[00:01:12] So, uh, we were joking before we turned on record of our, our various, uh, check-ins with each other over the years. And, uh, we’re still, we’re still doing it. Rob,[00:01:21] I’m so happy you’re still alive, George . Thanks,[00:01:24] man. You know, we’ll, we’ll continue to, to check in over the years. I brought you in today though, because you are always looking for the upside for the nonprofits using ox.[00:01:37] You’re trying to stay on, you know, the, the practical, I’ll say the practical cutting edge of how to raise more money for great causes. And so I was hoping you could share a bit on what you have been focused on this year with regard. Major gifts.[00:01:55] Yes. How I see it in terms of my mission is that I’d rather be useful than to be sexy.[00:02:03] I’d rather be valuable rather than to be a unicorn. So if you look at the field of all the animals, there are all these analogies. I’d rather be a zebra than a lion or a unicorn or whatever fancy animals there are. So, Starting cos walks Over a decade ago, you, we came into this, uh, this business to become a digital fundraising platform because there’s a big gap between technology and fundraising where a lot of nonprofits couldn’t go online.[00:02:33] They didn’t know how to do it. They didn’t know how to utilize all the ways of social media fundraising. Digital fundraising, peer to peer. This and that. So it’s been a great journey to us help accelerate that piece of digital fundraising and by bringing more and more organizations online and where we had some of our best years of growth and over covid, unfortunately, where a lot of organizations were transitioning into digital fundraising.[00:03:01] As we see the next steps of what’s coming up, I think one of my biggest frustrations is that a lot of organizations see. Online fundraising as a siloed approach where they think, Hey, I need to run an event. I need to run a gala. I need to do peer to peer fundraising. I need to be on Facebook. And they kind of just treat, uh, the, that style of fundraising as a one and done thing.[00:03:26] They don’t look at it as a process of how you can grow donors, of how you can grow gifts, how you can upgrade folks up the pipeline to become major donors. So I went on this quest to figure. When you’re looking at major donors, how do folks actually get major donors? How do they qualify them? How do they really work through this process to grow a small $100 gift all the way to a hundred thousand dollars gift?[00:03:54] And the results of this were actually really surprising, where it gave us a lot of inspiration behind what we should build next when it comes to major gift fundraising.[00:04:03] That makes, uh, it makes a lot of. And as you’re, as you’re building this in this approach, the way I guess I look at it is that if you are ignoring, if you’re ignoring the major gift strategy of your digital fundraising, You are missing out on easily half of the potential revenue you could and should be making.[00:04:25] What does that actually mean? If you have a hundred donors, I can very confidently tell you that there is probably a power law distribution of their wealth and capacity to give fancy way of saying that 10% of them have 90% of the wealth, because frankly, that’s just how the things in America are carved out.[00:04:44] Thanks to capitalism, the question. That you should ask next is who are those people and what should we message them? So maybe you could pick up the thread there. Is it just, you know, smile and dial and be like, Hey, you have money. Give now please[00:05:00] mo