What Fundraising and Strength Training Have in Common

32004749403_9d5d6ffa41_mAbout a year and a half ago I started doing strength training with a personal trainer. My initial assessment was humbling, to say the least, and at the beginning, there were several times I wondered “Why am I doing this?”

But I’ve benefited so much. Not only am I stronger, but I’ve lost weight, I’m sleeping better, my mood is better, and I have a more robust immune system.

Strength training has a lot in common with fundraising and when I say fundraising, I’m including the stewardship and relationship building components, too.

It’s supposed to be hard, but doable

If I ever say one of my training exercises is hard, my trainer will respond, “It’s supposed to be hard.” That said, it also needs to be doable.

What a wonderful world we’d live in if people just donated money to nonprofit organizations without us have to do anything.

Fundraising is hard. It doesn’t just happen. You have to work at it, but you also need to be realistic. I’m not lifting 100-pound weights. That would be too much for me. Certain fundraising endeavors, such as events, may be too much for your organization to take on right now.

How to raise money: 3 steps to creating sustainable funding for your new, young, or small nonprofit

Starting small is often the way to go

I work out twice a week and do what’s known as a circuit –  seven or eight exercises each of the days, usually three sets of 10-12 reps each. People who are more advanced might do four or five sets of two different exercises with heavier weights.

This same formula can work for your organization when you concentrate on individual gifts. Many of these will be under $100 each, but you’ll be able to get a larger number of them.

Be patient and you’ll see results

It took about two or three months for me to see the results I mentioned above. Some of your fundraising will take even longer.

You can get smaller gifts fairly quickly. Securing major gifts and grants will take longer.  It can take up to a year to cultivate major gifts and it takes a lot of relationship building to get there. If you get approved for a grant, it can take several months to get the money and there are often restrictions.

But if you persevere, you should see results.

Take it to the next level

If I kept doing the same exercises I started with, I wouldn’t make much progress. The same is true with fundraising.

Most appeal letters are generic,one-size fits all. You’re missing an opportunity to grow when you don’t ask donors to upgrade their single gifts or invite them to become a monthly donor.

There are so many opportunities to take your fundraising to the next level. Smaller dollar donors can upgrade to mid-level donors, mid-level donors can become major donors, and major donors are potential legacy donors.

You need to stick with it

If I miss a week or two of training, it suffers. The same is true with your fundraising. If all you do is send appeals a few times a year, you won’t have much success.

You need to engage with your donors regularly – at least once or twice a month. That includes showing gratitude and sharing updates.

Build Relationships With Your Donors Every Step of the Way

You need a plan

When I started strength training, my trainer designed a plan for me that we can build on and modify as needed. You need to do the same thing with your fundraising.

You shouldn’t be raising revenue without a plan in place. You also need a donor communication and stewardship plan.

Nonprofit  Fundraising Plan: 6 Must-Do Steps For Success

The whole is greater than the sum of its parts

My workout consists of exercises for the upper body, lower body, and core. Your fundraising will also consist of different endeavors – individual giving, major gifts, grants, events, etc.

And as I mentioned before, and I’ll mention again since many organizations ignore this, your fundraising also needs a gratitude and relationship building component.

Fundraising takes a lot of hard work, but if you keep building and stick with it, you should see results.

Photo via https://thoroughlyreviewed.com/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s